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
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
Glenbeigh Developments Limited
Statement of financial position
as at 30 June 2022
Cash at bank and in hand
3,381,582
228,779
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
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
Glenbeigh Developments Limited
Notes to the Accounts
for the year ended 30 June 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
The investment in the wholly owned subsidiary, Teampoint Ltd, is included at cost.
4
Tangible fixed assets
Computer equipment
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
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
16,464
8,875
Taxes and social security
575,403
-
Other creditors
164,133
189,799
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Average number of employees
During the year the average number of employees was 2 (2021: 2).