Project Building Company Limited

Registered number

02535559

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