Company Overview
Abacus Inns Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 29 October 2013, so this is a well established company. Abacus Inns Ltd has been in business for 12 years and 5 months. The accounts status is unaudited abridged and the accounts are next due on Saturday 31 July 2021.
Registered Address

16 Cloveneden Road, Loughgall, Armagh, BT61 8JZ
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Companies House Data
Company NameABACUS INNS LTD
Company NumberNI621172
Registered Office Address16 Cloveneden Road
 Loughgall
 BT61 8JZ
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date29/10/2013
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2021
Accounts Last Made Up Date31/10/2019
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date26/11/2016
Returns Last Made Up Date29/10/2015
Directors & Members
Show Resigned
Anna Kelly - Director
(Irish, 62 years old, born October 1964)
Appointed 29 October 2013
Active
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-Oct-2019 31-Oct-2018 31-Oct-2017
Balance Sheet
Fixed Assets 1,473,408 1,492,546 1,521,007
Current Assets 1,498,592 1,421,105 664,100
Creditors Due Within One Year 1,279,127 1,243,702 1,028,193
Working Cap 219,465 177,403 -364,093
Total Assets Less Current Liabilities 1,692,873 1,669,949 1,156,914
Long-term Liabilities 0 0 0
Net Assets 1,692,873 1,669,949 1,156,914
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,692,873 1,669,949 1,156,914
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2019 31-Oct-2018 31-Oct-2017
Tangible Fixed Assets - - -
Fixed Assets 49.6% 51.2% 69.6%
Stocks Inventory - - -
Debtors 48.0% 45.5% 26.6%
Cash Bank In Hand 1.1% 1.4% 1.6%
Current Assets 50.4% 48.8% 30.4%
Creditors Due Within One Year 43.0% 42.7% 47.1%
Net Current Assets Liabilities 7.4% 6.1% -16.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 57.0% 57.3% 52.9%
Capital Employed - - -
Total Assets Less Current Liabilities 57.0% 57.3% 52.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2019 31-Oct-2018 31-Oct-2017
Liquidity Ratio 1.2 1.1 0.6
Solvency Ratio 2.3 2.3 2.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2019 31-Oct-2018 31-Oct-2017
Assets 2,972,000 2,913,651 2,185,107
Debt 1,279,127 1,243,702 1,028,193
Net Assets/Debt 1,692,873 1,669,949 1,156,914
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BT61 8JZ
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BELFAST BAR CO. LIMITED
248 Upper Newtownards Road, Belfast, BT61 8JZ
Document Filings
Order of court to wind up
Confirmation statement made on 3 May 2021 with updates
Compulsory strike-off action has been discontinued
Confirmation statement made on 3 May 2020 with no updates
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 3 May 2019 with no updates
Second filing for the termination of Paul Langsford as a director
Termination of appointment of Paul Langsford as a director on 22 September 2018
Director's details changed for Mr Paul Langsford on 20 September 2018
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Change of share class name or designation
Confirmation statement made on 3 May 2018 with updates
Registered office address changed from , Office Suite 3 Second Floor Lesley House, 601-605 Lisburn Road, Belfast, Co Antrim, BT9 7GS to 16 Cloveneden Road Loughgall Armagh BT61 8JZ on 23 May 2017
Statement of capital on 17 May 2017
Confirmation statement made on 3 May 2017 with updates
Change of share class name or designation
Resolutions
Statement of capital following an allotment of shares on 3 May 2017
Statement by Directors

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