Abbreviated Company Accounts - PROBUILD DEVELOPMENTS U.K. LIMITED

PROBUILD DEVELOPMENTS U.K. LIMITED - Company Information

03052575 PROBUILD DEVELOPMENTS U.K. LIMITED 2016-11-27 false 2015-11-29 2016-11-27 true 03052575 2015-11-29 2016-11-27 03052575 2016-11-27 03052575 2015-11-28 03052575 uk-gaap-cd-bus:Director1 2015-11-29 2016-11-27 03052575 uk-gaap-cd-bus:Director2 2015-11-29 2016-11-27 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-29 2016-11-27 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-27 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-28 iso4217:GBP shares

Registered Number 03052575

PROBUILD DEVELOPMENTS U.K. LIMITED

Abbreviated Accounts

27 November 2016

PROBUILD DEVELOPMENTS U.K. LIMITED Registered Number 03052575

Abbreviated Balance Sheet as at 27 November 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	6,453,882	6,454,567
Investments		-	-
		6,453,882	6,454,567
Current assets
Stocks		-	-
Debtors		618,843	359,188
Investments		-	-
Cash at bank and in hand		99,223	65,924
		718,066	425,112
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	3	(44,975)	(81,602)
Net current assets (liabilities)		673,091	343,510
Total assets less current liabilities		7,126,973	6,798,077
Creditors: amounts falling due after more than one year	3	(3,814,618)	(3,486,338)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		3,312,355	3,311,739
Capital and reserves
Called up share capital	4	1,500	1,500
Revaluation reserve		3,821,622	3,821,622
Other reserves		0	0
Profit and loss account		(510,767)	(511,383)
Shareholders' funds		3,312,355	3,311,739

For the year ending 27 November 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 November 2017

And signed on their behalf by:
Mrs. Beryl Endelman, Director

PROBUILD DEVELOPMENTS U.K. LIMITED Registered Number 03052575

Notes to the Abbreviated Accounts for the period ended 27 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for rents and services provided in the UK.

Tangible assets depreciation policy
Tangible fixed assets other than freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant & machinery 15% on reducing balance
Fixtures. fittings and equipment 15% on reducing balance

Properties held for investment purposes are classified as investment properties and valued at open market value. No depreciation is provided on investment properties.

2Tangible fixed assets

	£
Cost
At 29 November 2015	6,480,458
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 27 November 2016	6,480,458
Depreciation
At 29 November 2015	25,891
Charge for the year	685
On disposals	-
At 27 November 2016	26,576
Net book values
At 27 November 2016	6,453,882
At 28 November 2015	6,454,567

3Creditors

	2016 £	2015 £
Secured Debts	3,814,618	3,486,338

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,500 Ordinary shares of £1 each	1,500	1,500