1.
General Information
Infinityblu Holdings Limited
is a private company, limited by shares, incorporated in Scotland, registered number
SC643811
. The registered office is C/O Nuvo Scotland Limited, Bankhead Drive, City South Office Park, Portlethen, Aberdeenshire, AB12 4XX.
The presentation currency of the financial statements is the Pound Sterling (£).
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The financial statements have been prepared on a going concern basis on the confirmation from the director that the company will continue to trade for a period of no less than 12 months from the date of this report.
The directors acknowledges the negative balance sheet position and have given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and ensuring that loans from associates are not called on for repayment until the company is in such a position to be able to make repayments.
2.3.
Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.
2.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
2.5.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these adjustments at the rate expected to apply when the properties are sold.
2.6.
Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Infinityblu Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.7.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 August 2024 |
|
||
| As at 31 July 2025 |
|
||
| Amortisation | |||
| As at 1 August 2024 |
|
||
| Provided during the period |
|
||
| As at 31 July 2025 |
|
||
| Net Book Value | |||
| As at 31 July 2025 |
|
||
| As at 1 August 2024 |
|
||
Infinityblu Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
5.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 August 2024 |
|
| Additions |
|
| As at 31 July 2025 |
|
|
Fair value at 31 July 2025 is represented by:
|
£
|
|
Valuation in 2023
|
315,832
|
|
Valuation in 2024
|
(278,377)
|
|
Cost
|
1,650,544
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
1,687,999
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
If investment property had not been revalued it would have been included at the following historical cost:
|
2025
|
2024
|
|
|
£
|
£
|
|
|
Cost
|
1,650,544
|
830,045
|
Investment property was valued on an open market basis on 31 July 2025 by the director.
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Accruals and deferred income |
|
|
|
| Director's loan account | - |
|
|
| Amounts owed to group undertakings |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
Infinityblu Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9.
Secured Creditors
At the year end the following securities were in place in favour of Barclays Security Trustee Limited:
- A floating charge which covers all property or undertaking of the company.
- Standard security in favour of Barclays Security Trustee Limited over 14 Bridge Street, Dunkeld, PH8 0AH.
- Standard security in favour of Barclays Security Trustee Limited over 18, 19 and 20 Commercial Street, Alyth, Blairgowrie, PH11 8AF.
- Standard security in favour of Barclays Security Trustee Limited over 171 Main Street, Callander, FK17 8BJ.
- Standard security in favour of Barclays Security Trustee Limited over 7 Kingsmeadows Road, Peebles, EH45 9EN.
- Standard security in favour of Barclays Security Trustee Limited over 40 Market Square, Duns, TD11 3AL.
- Standard security in favour of Barclays Security Trustee Limited over 60-62 Atholl Road, Pitlochry, PH16 5BL.
- Standard security in favour of Barclays Security Trustee Limited over 23 Back Dykes, Auchtermuthy, Cupar, KY14 7AB.
- Standard security in favour of Barclays Security Trustee Limited over 81 Feus, Auchterarder, PH3 1DG.
- Standard security in favour of Barclays Security Trustee Limited over Laurelbank, Main Street, Killin, FK21 8UW.
Of the creditors the following amounts were secured:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 1,219,434 | 510,292 |
10.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 August 2024 |
|
9,364 |
| Deferred taxation |
( |
( |
| Balance at 31 July 2025 |
|
4,172 |
11.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 August 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 July 2025 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Chris Barrowman |
( |
|
( |
- |
|
The above loan is interest free and has no fixed repayment terms.
Infinityblu Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
12.
Reserves
| Revaluation reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 August 2024 |
|
( |
| Loss for the year and total comprehensive income | - |
( |
| Transfer from revaluation reserve | - | 15,574 |
| Transfer to/from Profit & Loss Account |
( |
- |
| As at 31 July 2025 |
|
( |
13.
Related Party Transactions
As at 31 July 2025, there is a balance of £792,016 (2024: £456,686) due to a company who is under shared control and ownership of the director.
This loan is interest free and has no fixed repayment terms.
14.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Infinityblu Ventures Limited.