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Company Registration No. 04448945 (England and Wales)
Glenbeigh Developments Limited Unaudited accounts for the year ended 30 June 2022
Glenbeigh Developments Limited Unaudited accounts Contents
Page
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Glenbeigh Developments Limited Company Information for the year ended 30 June 2022
Directors
Chris Kelly Colin Whelan
Company Number
04448945 (England and Wales)
Registered Office
Aberdeen House South Road Haywards Heath West Sussex RH16 4NG
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Glenbeigh Developments Limited Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
862 
1,149 
Investments
300 
300 
1,162 
1,449 
Current assets
Inventories
15,000 
15,000 
Debtors
505,770 
227,493 
Cash at bank and in hand
3,381,582 
228,779 
3,902,352 
471,272 
Creditors: amounts falling due within one year
(1,431,310)
(200,174)
Net current assets
2,471,042 
271,098 
Net assets
2,472,204 
272,547 
Capital and reserves
Called up share capital
300 
300 
Capital redemption reserve
100 
100 
Profit and loss account
2,471,804 
272,147 
Shareholders' funds
2,472,204 
272,547 
For the year ending 30 June 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2022 and were signed on its behalf by
Chris Kelly Director Company Registration No. 04448945
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Glenbeigh Developments Limited Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
Glenbeigh Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04448945. The registered office is Aberdeen House, South Road, Haywards Heath, West Sussex, RH16 4NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Investments
The investment in the wholly owned subsidiary, Teampoint Ltd, is included at cost.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2021
5,380 
At 30 June 2022
5,380 
Depreciation
At 1 July 2021
4,231 
Charge for the year
287 
At 30 June 2022
4,518 
Net book value
At 30 June 2022
862 
At 30 June 2021
1,149 
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Glenbeigh Developments Limited Notes to the Accounts for the year ended 30 June 2022
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2021
300 
Valuation at 30 June 2022
300 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
462,690 
5,060 
Amounts due from group undertakings etc.
26,295 
156,295 
Accrued income and prepayments
310 
310 
Other debtors
16,475 
65,828 
505,770 
227,493 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
669,310 
- 
Trade creditors
16,464 
8,875 
Taxes and social security
575,403 
- 
Other creditors
164,133 
189,799 
Accruals
6,000 
1,500 
1,431,310 
200,174 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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