REGISTERED NUMBER:
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INFINITY TRADING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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REGISTERED NUMBER:
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INFINITY TRADING LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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INFINITY TRADING LIMITED (REGISTERED NUMBER: 04338535) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
INFINITY TRADING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BANKERS: |
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INFINITY TRADING LIMITED (REGISTERED NUMBER: 04338535) |
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ABBREVIATED BALANCE SHEET |
30TH NOVEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
INFINITY TRADING LIMITED (REGISTERED NUMBER: 04338535) |
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ABBREVIATED BALANCE SHEET - continued |
30TH NOVEMBER 2014 |
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The financial statements were approved by the Board of Directors on
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INFINITY TRADING LIMITED (REGISTERED NUMBER: 04338535) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents rent receivable during the year, excluding value added tax. |
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Investment property |
Investment property is shown at the open market value. The surplus or deficit arising from the annual revaluation |
is transferred to the revaluation reserve unless a deficit, 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. |
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In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation |
is provided in respect of freehold properties held as investments. This is a departure from the requirements of the |
Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and |
not for consumption and the directors consider that to depreciate them would not give a true and fair view. |
Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the |
amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. |
The directors consider that this policy results in the financial statements giving a true and fair view. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1st December 2013 |
and 30th November 2014 |
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NET BOOK VALUE |
At 30th November 2014 |
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At 30th November 2013 |
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3. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2014 | 2013 |
£ | £ |
Repayable by instalments | - | 175,996 |
INFINITY TRADING LIMITED (REGISTERED NUMBER: 04338535) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH NOVEMBER 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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