Registered number
02535559
Project Building Company Limited
Unaudited Filleted Accounts
31 July 2025

Project Building Company Limited
Registered number: | 02535559
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 362,087 |  |  | 363,593
Investments | 5 |  |  | 286,662 |  |  | 286,662
|  |  |  | 648,749 |  |  | 650,255
Current assets
Stocks |  |  | 41,579 |  |  | 28,090
Debtors | 6 |  | 249,865 |  |  | 402,496
Cash at bank and in hand |  |  | 281,834 |  |  | 255,579
|  |  | 573,278 |  |  | 686,165
Creditors: amounts falling due within one year | 7 |  | (616,071) |  |  | (630,157)
Net current (liabilities)/assets |  |  |  | (42,793) |  |  | 56,008
Net assets |  |  |  | 605,956 |  |  | 706,263
Capital and reserves
Called up share capital |  |  |  | 10,000 |  |  | 10,000
Profit and loss account |  |  |  | 595,956 |  |  | 696,263
Shareholders' funds |  |  |  | 605,956 |  |  | 706,263
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Olaleke Osibamowo
Director
Approved by the board on 14 April 2026

Project Building Company Limited
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years
| Leasehold land and buildings | over the lease term
| Plant and machinery | over 5 years
| Fixtures, fittings, tools and equipment | over 5 years
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 5 |  | 6
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 August 2024 | 4,875
| At 31 July 2025 | 4,875
| Amortisation
| At 1 August 2024 | 4,875
| At 31 July 2025 | 4,875
| Net book value
| At 31 July 2025 | -
| Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 August 2024 | 412,328 |  | 299,911 |  | 22,019 |  | 734,258
| At 31 July 2025 | 412,328 |  | 299,911 |  | 22,019 |  | 734,258
| Depreciation
| At 1 August 2024 | 48,737 |  | 299,910 |  | 22,018 |  | 370,665
| Charge for the year | 1,506 |  | - |  | - |  | 1,506
| At 31 July 2025 | 50,243 |  | 299,910 |  | 22,018 |  | 372,171
| Net book value
| At 31 July 2025 | 362,085 |  | 1 |  | 1 |  | 362,087
| At 31 July 2024 | 363,591 |  | 1 |  | 1 |  | 363,593
5 | Investments
Investments in
subsidiary
undertakings
£
| Cost
| At 1 August 2024 | 286,662
| At 31 July 2025 | 286,662
6 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 23,325 |  | 9,966
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 216,657 |  | 216,657
| Taxation and social security costs | 9,883 |  | 21,578
| Director's account | - |  | 154,295
|  |  |  |  |  | 249,865 |  | 402,496
7 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 524,175 |  | 519,283
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 27,796 |  | 27,796
| Taxation and social security costs | 50,658 |  | 69,793
| Director's account | 6 |  | -
| Other creditors | 13,436 |  | 13,285
|  |  |  |  |  | 616,071 |  | 630,157
8 | Other information
| Project Building Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Kofo House
| 57 Glengall Road
| London
| SE15 6NF

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