REGISTERED NUMBER: 13867267 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROPERTY INFINITI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J R Chitnis

Mrs D Chitnis

REGISTERED OFFICE:

9 Grenadier Close

Shinfield

Reading

RG2 9EZ

REGISTERED NUMBER:

13867267 (England and Wales)

ACCOUNTANTS:

Robert Anthony ACA

36 Merdon Avenue

Chandlers Ford

Eastleigh

Hampshire

SO53 1EP

FIXED ASSETS

Investment property

4

720,000

735,000

CURRENT ASSETS

Debtors

5

880

1,320

Cash at bank

2,206

6,380

3,086

7,700

CREDITORS

Amounts falling due within one year

6

(201,312

)

(215,174

)

NET CURRENT LIABILITIES

(198,226

)

(207,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

521,774

527,526

CREDITORS

Amounts falling due after more than one year

7

(530,245

)

(530,245

)

NET LIABILITIES

(8,471

)

(2,719

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(9,471

)

(3,719

)

SHAREHOLDERS' FUNDS

(8,471

)

(2,719

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Dr J R Chitnis - Director

1.	STATUTORY INFORMATION

Property Infiniti Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises the fair value of rents received and receivable from the letting of property during the year.

Investment property

Investment properties are included on the balance sheet at their fair value, and the aggregate surplus net of any deficits arising from the revaluation is recognised through the income statement as part of the profit or loss for the year.

No depreciation is provided in respect of these properties. This accounting policy is not in accordance with the Companies Act 2006, which requires all tangible fixed assets to be depreciated. The directors have departed from the strict requirements of the Act in order for the accounts to give a true and fair view.

It is not possible to quantify the amount of depreciation which might otherwise have been provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

735,000

Revaluations

(15,000

)

At 31 March 2025

720,000

NET BOOK VALUE

At 31 March 2025

720,000

At 31 March 2024

735,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

735,000

Valuation in 2025

(15,000

)

720,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

746,678

746,678

The investment properties were valued on a fair value basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

880

1,320

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

2,169

1,768

Other creditors

199,143

213,406

201,312

215,174

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

530,245

530,245

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

530,245

530,245

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

530,245

530,245

The bank loans are for a term of 22 years on an interest-only basis and are secured by the investment properties shown in the balance sheet.

9.	RELATED PARTY DISCLOSURES

Included in creditors is a loan from the directors which at 31 March 2025 amounted to £196,881(2024: £211,331). It is unsecured, interest free and repayable upon demand.