Abbreviated Company Accounts - PROBUILD DEVELOPMENTS U.K. LIMITED

PROBUILD DEVELOPMENTS U.K. LIMITED - Company Information

03052575 PROBUILD DEVELOPMENTS U.K. LIMITED 2013-11-29 false 2012-12-01 2013-11-29 true 03052575 2012-12-01 2013-11-29 03052575 2013-11-29 03052575 2012-11-30 03052575 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-29 03052575 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-29 uk-gaap-cd-bus:Director3 2012-12-01 2013-11-29 uk-gaap-cd-bus:Director3 2013-11-29 uk-gaap-cd-bus:Director3 2012-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-29 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-29 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 iso4217:GBP shares

Registered Number 03052575

PROBUILD DEVELOPMENTS U.K. LIMITED

Abbreviated Accounts

29 November 2013

PROBUILD DEVELOPMENTS U.K. LIMITED Registered Number 03052575

Abbreviated Balance Sheet as at 29 November 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	41,117	-
Tangible assets	3	5,036,319	4,122,060
Investments		-	-
		5,077,436	4,122,060
Current assets
Stocks		-	-
Debtors		170,429	238,997
Investments		-	-
Cash at bank and in hand		57,020	38,644
		227,449	277,641
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	4	(83,798)	(88,374)
Net current assets (liabilities)		143,651	189,267
Total assets less current liabilities		5,221,087	4,311,327
Creditors: amounts falling due after more than one year	4	(3,606,338)	(3,606,338)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		1,614,749	704,989
Capital and reserves
Called up share capital	5	1,500	1,500
Share premium account		0	0
Revaluation reserve		2,396,622	1,481,622
Other reserves		0	0
Profit and loss account		(783,373)	(778,133)
Shareholders' funds		1,614,749	704,989

For the year ending 29 November 2013 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 15 January 2015

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

PROBUILD DEVELOPMENTS U.K. LIMITED Registered Number 03052575

Notes to the Abbreviated Accounts for the period ended 29 November 2013

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.

Intangible assets amortisation policy
No provision is made for depreciation of the intangible asset representing initial development costs.

2Intangible fixed assets

	£
Cost
At 1 December 2012	0
Additions	41,117
Disposals	0
Revaluations	0
Transfers	0
At 29 November 2013	41,117
Amortisation
At 1 December 2012	0
Charge for the year	0
On disposals	0
At 29 November 2013	0
Net book values
At 29 November 2013	41,117
At 30 November 2012	0

The intangible asset represents the initial and planning costs of a development commenced during the year.

3Tangible fixed assets

	£
Cost
At 1 December 2012	4,144,985
Additions	0
Disposals	-
Revaluations	915,473
Transfers	-
At 29 November 2013	5,060,458
Depreciation
At 1 December 2012	22,925
Charge for the year	1,214
On disposals	0
At 29 November 2013	24,139
Net book values
At 29 November 2013	5,036,319
At 30 November 2012	4,122,060

The valuation of the freehold investment properties in the sum of £5,030,000 is based on an independent open market professional valuation dated January 2014.

4Creditors

	2013 £	2012 £
Secured Debts	3,606,338	3,606,338
Instalment debts due after 5 years	0	0
Non-instalment debts due after 5 years	0	0

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,500 Ordinary shares of £1 each	1,500	1,500

6Transactions with directors

Name of director receiving advance or credit:	Mrs. B A Endelman
Description of the transaction:	Director's Loan
Balance at 1 December 2012:	£ 41,681
Advances or credits made:	£ 0
Advances or credits repaid:	£ 9,375
Balance at 29 November 2013:	£ 32,306