Abbreviated Company Accounts - INFINITY (BRISTOL) LIMITED

INFINITY (BRISTOL) LIMITED - Company Information

08268187 INFINITY (BRISTOL) LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 08268187 2014-02-01 2015-01-31 08268187 2015-01-31 08268187 2014-01-31 08268187 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 08268187 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-31 iso4217:GBP shares

Registered Number 08268187

INFINITY (BRISTOL) LIMITED

Abbreviated Accounts

31 January 2015

INFINITY (BRISTOL) LIMITED Registered Number 08268187

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	750,000	750,000
		750,000	750,000
Current assets
Cash at bank and in hand		8,311	3,616
		8,311	3,616
Creditors: amounts falling due within one year	3	(121,226)	(512,914)
Net current assets (liabilities)		(112,915)	(509,298)
Total assets less current liabilities		637,085	240,702
Creditors: amounts falling due after more than one year	3	(524,662)	(157,921)
Total net assets (liabilities)		112,423	82,781
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		80,686	80,686
Profit and loss account		31,735	2,093
Shareholders' funds		112,423	82,781

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 October 2015

And signed on their behalf by:
J A Tolfree, Director

INFINITY (BRISTOL) LIMITED Registered Number 08268187

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rental income received during the year.

Other accounting policies
Investment properties
Certain of the company's properties are held for long-term investment. Investment properties
are accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued
annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a
deficit below original cost, or its reversal, on an individual investment property is expected to
be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the
requirements of the Companies Act concerning the depreciation of fixed assets. However,
these properties are not held for consumption but for investment and the directors consider
that systematic annual depreciation would be inappropriate. The accounting policy
adopted is therefore necessary for the financial statements to give a true and fair view.
Depreciation or amortisation is only one of many factors reflected in the annual valuation
and the amount which might otherwise have been shown cannot be separately identified or
quantified.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities. Where shares are issued, any component that
creates a financial liability of the company is presented as a liability in the balance sheet.
The corresponding dividends relating to the liability component are charged as interest
expense in the profit and loss account.

The company was under the control of J A Tolfree and V M O'Shea throughout the current
and previous period. J A Tolfree and V M O'Shea are 100% shareholders in V J (Holdings)
Limited which is the ultimate holding company.

2Tangible fixed assets

	£
Cost
At 1 February 2014	750,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	750,000
Depreciation
At 1 February 2014	-
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	750,000
At 31 January 2014	750,000

3Creditors

	2015 £	2014 £
Secured Debts	386,697	-
Instalment debts due after 5 years	286,917	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1