Infinium_Property_Limited - Accounts

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

For the financial period ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

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.

The company's year end was shortened from April 2021 to December 2020 to be in line with other group companies. The comparative amounts presented in these financial statements (including the related notes) cover a twelve month period

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT.

Turnover is recognised on provision of contractual service obligations where a right to consideration is due.

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.

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.

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

The freehold property is included at the directors' opinion of the current market value on an arms-length

basis at £300,714 (April 2020 : £300,714). In the opinion of the directors the value of the freehold properties remains valid as at 31 December 2020.

Infinium Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stone House Farm, Rochdale Road, Walsden, Todmorden, Lancashire, OL14 6XD.