Let's start with a technical point about topology. If we declare that our universe is the set $X$, then we don't care about any sets that might contain $X$ in another universe. This means that when we consider the closure of $X$, we are automatically constrained to $X$ itself. There is nothing else besides. Formally, when we turn $X$ into a topological space $(X, \tau)$, then it's necessarily true that $X$ is closed with respect to $\tau$.
If our universe is $\mathbb{R}$, then $\mathbb{R}$ contains all of its limit points. The point $+\infty$ simply doesn't exist. To make the point a bit firmer, if our universe was instead the rationals $\mathbb{Q}$, then the point $\pi$ simply doesn't exist. On the other hand, if we consider $\mathbb{Q}$ as a subset of $\mathbb{R}$, then we can show that $\pi \in \mathbb{R} \setminus \mathbb{Q}$ is indeed a limit point of $\mathbb{Q}$ (e.g., take an expanding decimal representation).
This is all an intuitive picture for the following fact: a set $A \subset X$ is always closed relative to the subspace topology $\tau_A = \{A \cap U : U \in \tau\}$. This means that the closed sets can change when we change our universe. $\mathbb{Q}$ isn't closed when the universe is $\mathbb{R}$, but it is closed when the universe is $\mathbb{Q}$.
Now to the next point. When we study functions $f : \mathbb{R} \to \mathbb{R}$, we are sometimes interested in the long run behavior of $f(x)$ as $x$ becomes very large (or very small). There is no point in $\mathbb{R}$ called "the long run", which means we have to extend a notion of limits without one. When we write
$$
\lim_{x \to +\infty} f(x) = L \tag{$\star$}
$$
we aren't asking about $|+\infty-x|<\delta$, because that statement has no meaning. To capture the "infinite limit" idea, we have to use a different approach. Instead, we say that $x \to +\infty$ means that eventually, $x$ is greater than any number $M$. So we impose the following interpretation of ($\star$): for every $\varepsilon > 0$ there exists $M \in \mathbb{R}$ such that if $M < x$, then $|f(x)-L|<\varepsilon$. This captures our meaning of "long run behavior" without having to admit $+\infty$ into our space.
Finally, we might ask if there is a space $\mathbb{R} \cup \{+\infty\}$ with a topological structure that describes both our conventional limits $x \to x_0$ and our extended limits $x \to +\infty$. The answer is yes.