Infinity 8 Limited - Accounts to registrar (filleted) - small 18.2

Infinity 8 Limited - Accounts to registrar (filleted) - small 18.2

INFINITY 8 LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.2.199 07935458 Board of Directors 1.4.18 31.3.19 31.3.19 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079354582018-03-31079354582019-03-31079354582018-04-012019-03-31079354582017-03-31079354582017-04-012018-03-31079354582018-03-3107935458ns15:EnglandWales2018-04-012019-03-3107935458ns14:PoundSterling2018-04-012019-03-3107935458ns10:Director12018-04-012019-03-3107935458ns10:PrivateLimitedCompanyLtd2018-04-012019-03-3107935458ns10:SmallEntities2018-04-012019-03-3107935458ns10:AuditExemptWithAccountantsReport2018-04-012019-03-3107935458ns10:SmallCompaniesRegimeForDirectorsReport2018-04-012019-03-3107935458ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-3107935458ns10:FullAccounts2018-04-012019-03-3107935458ns10:Director22018-04-012019-03-3107935458ns10:RegisteredOffice2018-04-012019-03-3107935458ns5:CurrentFinancialInstruments2019-03-3107935458ns5:CurrentFinancialInstruments2018-03-3107935458ns5:Non-currentFinancialInstruments2019-03-3107935458ns5:Non-currentFinancialInstruments2018-03-3107935458ns5:ShareCapital2019-03-3107935458ns5:ShareCapital2018-03-3107935458ns5:RetainedEarningsAccumulatedLosses2019-03-3107935458ns5:RetainedEarningsAccumulatedLosses2018-03-3107935458ns5:CostValuation2018-03-3107935458ns5:UnlistedNon-exchangeTradedns5:CostValuation2018-03-3107935458ns5:UnlistedNon-exchangeTraded2019-03-3107935458ns5:UnlistedNon-exchangeTraded2018-03-3107935458ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-03-3107935458ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3107935458ns10:Director222018-03-3107935458ns10:Director222017-03-3107935458ns10:Director222018-04-012019-03-3107935458ns10:Director222017-04-012018-03-3107935458ns10:Director222019-03-3107935458ns10:Director222018-03-3107935458ns10:Director112018-03-3107935458ns10:Director112017-03-3107935458ns10:Director112018-04-012019-03-3107935458ns10:Director112017-04-012018-03-3107935458ns10:Director112019-03-3107935458ns10:Director112018-03-31


REGISTERED NUMBER: 07935458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

INFINITY 8 LIMITED
INFINITY 8 LIMITED (REGISTERED NUMBER: 07935458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


INFINITY 8 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTORS: P Payne
D Bartlett





REGISTERED OFFICE: Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB





REGISTERED NUMBER: 07935458 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB
Page 1
INFINITY 8 LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
INFINITY 8 LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and
the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Infinity 8 Limited for the year ended 31st March 2019 which comprise the Income Statement,
Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from
information and explanations you have given us.

This report is made solely to the Board of Directors of Infinity 8 Limited, as a body, in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Infinity 8
Limited and state those matters that we have agreed to state to the Board of Directors of Infinity 8 Limited, as a body, in
this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Infinity
8 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Infinity 8 Limited has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and profit of Infinity 8 Limited. You
consider that Infinity 8 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Infinity 8 Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkins Kennedy
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB


20th December 2019

This page does not form part of the statutory financial statements

Page 2
INFINITY 8 LIMITED (REGISTERED NUMBER: 07935458)

BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 178 178
Investment property 5 741,053 741,053
741,231 741,231

CURRENT ASSETS
Debtors 6 129,184 129,119
Cash at bank 124,232 94,076
253,416 223,195
CREDITORS
Amounts falling due within one year 7 502,473 436,943
NET CURRENT LIABILITIES (249,057 ) (213,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
492,174
527,483

CREDITORS
Amounts falling due after more than one
year
8
478,378
498,236
NET ASSETS 13,796 29,247

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,794 29,245
SHAREHOLDERS' FUNDS 13,796 29,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 on 20th December 2019 and were signed on its
behalf by:



P Payne - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
INFINITY 8 LIMITED (REGISTERED NUMBER: 07935458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019


1. STATUTORY INFORMATION

Infinity 8 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 4
INFINITY 8 LIMITED (REGISTERED NUMBER: 07935458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


4. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1st April 2018
and 31st March 2019 177 1 178
NET BOOK VALUE
At 31st March 2019 177 1 178
At 31st March 2018 177 1 178

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2018
and 31st March 2019 741,053
NET BOOK VALUE
At 31st March 2019 741,053
At 31st March 2018 741,053

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 8,056 8,056
Amounts owed by group undertakings 120,002 -
Other debtors 1,126 121,063
129,184 129,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 31,770 43,683
Trade creditors 2,258 -
Amounts owed to group undertakings 440,789 374,789
Taxation and social security 15,715 5,881
Other creditors 11,941 12,590
502,473 436,943

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 478,378 498,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 351,297 323,505

Page 5
INFINITY 8 LIMITED (REGISTERED NUMBER: 07935458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2019 and
31st March 2018:

2019 2018
£    £   
D Bartlett
Balance outstanding at start of year 60,001 60,001
Amounts repaid (60,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 60,001

P Payne
Balance outstanding at start of year 60,001 60,001
Amounts repaid (60,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 60,001

10. ULTIMATE CONTROLLING PARTY

In the directors' opinion there is no single ultimate controlling party.

Page 6