Property investment company Zorooni, which counts property players Jerry O’Reilly and David Courtney as its directors, lost €500,000 in 2010.

Abridged accounts filed with the Companies Offices show that total accumulated losses at the firm had mounted to €14.2 million by the year end.

The company, which has an address on Waterloo Road in Dublin 4, owes more than €21 million.