Company registration number 08436496 (England and Wales)
Infinium Property Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2024
PAGES FOR FILING WITH REGISTRAR
Infinium Property Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Infinium Property Limited
Statement Of Financial Position
as at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
300,714
300,714
Investments
4
146,237
134,237
446,951
434,951
Current assets
Debtors
819
2,279
Cash at bank and in hand
-
0
100
819
2,379
Creditors: amounts falling due within one year
(381,124)
(328,221)
Net current liabilities
(380,305)
(325,842)
Total assets less current liabilities
66,646
109,109
Creditors: amounts falling due after more than one year
(9,149)
(19,149)
Net assets
57,497
89,960
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
57,397
89,860
Total equity
57,497
89,960
Infinium Property Limited
Statement Of Financial Position (continued)
as at 31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
J Lee
Director
Company registration number 08436496 (England and Wales)
Infinium Property Limited
Notes to the Financial Statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
Infinium Property Limited
Notes to the Financial Statements (continued)
for the year ended 31 December 2024
- 4 -
3
Investment property
2024
£
Cost
At 1 January 2024 and 31 December 2024
300,714

The freehold property is included at the directors' opinion of the current market value on an arms-length basis at £300,714 (December 2023 : £300,714). In the opinion of the directors the value of the freehold properties remains valid as at 31 December 2024.

4
Fixed asset investments
2024
2023
£
£
Investments
146,237
134,237
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2024
134,237
Additions
12,000
At 31 December 2024
146,237
Carrying amount
At 31 December 2024
146,237
At 31 December 2023
134,237
5
Parent company

The company's parent company is Infinium Holdings Limited, a company registered in England and Wales, whose registered office is situated at West House, King Cross Road, HX1 1EB.

6
Company information

Infinium Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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