Acorah Software Products - Accounts Production 15.0.600 false true true false 1 June 2021 31 May 2022 31 May 2022 11348372 George Foley Mr Francis McNerney Mr Kevin Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11348372 2021-05-31 11348372 2022-05-31 11348372 2021-06-01 2022-05-31 11348372 frs-core:CurrentFinancialInstruments 2022-05-31 11348372 frs-core:Non-currentFinancialInstruments 2022-05-31 11348372 frs-core:ShareCapital 2022-05-31 11348372 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31 11348372 frs-bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 11348372 frs-bus:FilletedAccounts 2021-06-01 2022-05-31 11348372 frs-bus:SmallEntities 2021-06-01 2022-05-31 11348372 frs-bus:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 11348372 frs-bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 11348372 frs-bus:Director1 2021-06-01 2022-05-31 11348372 frs-bus:Director2 2021-06-01 2022-05-31 11348372 frs-bus:Director3 2021-06-01 2022-05-31 11348372 frs-countries:EnglandWales 2021-06-01 2022-05-31
Registered number: 11348372
Abbeyglen (Tekels Park) Properties Limited
Unaudited Financial Statements
For The Year Ended 31 May 2022
Tax Data Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 11348372
2022
Notes £ £
CURRENT ASSETS
Debtors 4 8,909
Cash at bank and in hand 2,844
11,753
Creditors: Amounts Falling Due Within One Year 5 645,885
NET CURRENT ASSETS (LIABILITIES) 657,638
TOTAL ASSETS LESS CURRENT LIABILITIES 657,638
Creditors: Amounts Falling Due After More Than One Year 6 (1,553,732 )
NET LIABILITIES (896,094 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (896,194 )
SHAREHOLDERS' FUNDS (896,094)
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
George Foley
Director
05/09/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Abbeyglen (Tekels Park) Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11348372 . The registered office is 22 Wilhelmina Avenue , Coulsdon , Surrey , CR5 1NH .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have assessed the company’s financial position and cash flow projections, including the expected property sales and subsequent cash inflows. Based on these projections, and the availability of financing, the directors have a reasonable expectation that the company will be able to meet its liabilities as they fall due and, therefore, continue to operate as a going concern for at least the next 12 months
The directors anticipate that the sale of the properties under development will generate sufficient proceeds to cover both the loan obligations and current liabilities, thus reversing the current net liability position. The timing of these sales is expected to coincide with the completion of the projects in the next financial period.
The director's current account reflects an overdrawn balance at the balance sheet date. This balance represents funds withdrawn by the director that are due to be repaid to the company. In line with the Companies Act 2006, the overdrawn balance will either be repaid or settled through dividends or other appropriate means, contingent on the company's financial 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Debtors
2022
£
Due within one year
Other debtors 8,909
5. Creditors: Amounts Falling Due Within One Year
2022
£
Trade creditors 1
Other loans (1,167,872 )
Other creditors 521,986
(645,885 )
6. Creditors: Amounts Falling Due After More Than One Year
2022
£
Bank loans 1,553,732
7. Share Capital
2022
£
Allotted, Called up and fully paid 100
Page 2