BB House UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08523698 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 JULY 2013 TO 31 DECEMBER 2014

FOR

BB HOUSE UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Tabbara

M N Zahabi

REGISTERED OFFICE:

107 Bell Street

London

NW1 6TL

REGISTERED NUMBER:

08523698 (England and Wales)

ACCOUNTANTS:

Butters Gates & Company

107 Bell Street

London

NW1 6TL

FIXED ASSETS

Tangible assets

2

13,947,976

-

CURRENT ASSETS

Debtors

81,450

1,000

Cash at bank

3,497,671

-

3,579,121

1,000

CREDITORS

Amounts falling due within one year

10,617,142

-

NET CURRENT (LIABILITIES)/ASSETS

(7,038,021

)

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

6,909,955

1,000

CREDITORS

Amounts falling due after more than one year

3

7,012,500

-

NET (LIABILITIES)/ASSETS

(102,545

)

1,000

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(103,545

)

-

SHAREHOLDERS' FUNDS

(102,545

)

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 July 2015 and were signed on its behalf by:

A Tabbara - Director

M N Zahabi - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

13,951,728

At 31 December 2014

13,951,728

DEPRECIATION

Charge for period

3,752

At 31 December 2014

3,752

NET BOOK VALUE

At 31 December 2014

13,947,976

3.

CREDITORS

Creditors include an amount of £ 7,012,500 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

30.6.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	ULTIMATE PARENT COMPANY

BB Real Estate Holdings SAL (incorporated in Lebanon ) is regarded by the directors as being the company's ultimate

parent company.

Included within Other Creditors is £10,377,742 towards the purchase of the freehold property given by B B Real Estate

Holdings SAL.