COMPANY REGISTRATION NUMBER:
16038982
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My Build Pro Investments Ltd |
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Filleted Unaudited Financial Statements |
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My Build Pro Investments Ltd |
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Statement of Financial Position |
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31 October 2025
Fixed assets
|
Tangible assets |
4 |
|
517,793 |
|
|
|
|
Current assets
|
Cash at bank and in hand |
38,970 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
456,489 |
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|
--------- |
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Net current liabilities |
|
417,519 |
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|
--------- |
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Total assets less current liabilities |
|
100,274 |
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|
--------- |
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Net assets |
|
100,274 |
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|
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
|
100 |
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Other reserves |
|
132,248 |
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Profit and loss account |
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(
32,074) |
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|
--------- |
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Shareholders funds |
|
100,274 |
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|
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
9 July 2026
, and are signed on behalf of the board by:
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Mr R Welsh |
Mr J J Roberts |
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Director |
Director |
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Company registration number:
16038982
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My Build Pro Investments Ltd |
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Notes to the Financial Statements |
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Period ended 31 October 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has not yet started to recover rental income and is currently reliant on the support of it's directors and other creditors, assurances have been received from the directors that this support will continue.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
|
Freehold property |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
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Cost or valuation |
|
|
|
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At 1 November 2024 |
– |
– |
– |
– |
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Additions |
377,752 |
6,943 |
|
385,545 |
|
Revaluations |
132,248 |
– |
– |
132,248 |
|
--------- |
------- |
---- |
--------- |
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At 31 October 2025 |
510,000 |
6,943 |
|
517,793 |
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--------- |
------- |
---- |
--------- |
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Depreciation |
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At 1 November 2024 and 31 October 2025 |
– |
– |
– |
– |
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--------- |
------- |
---- |
--------- |
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Carrying amount |
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|
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At 31 October 2025 |
510,000 |
6,943 |
|
517,793 |
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--------- |
------- |
---- |
--------- |
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|
|
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5.
Creditors:
amounts falling due within one year
|
2025 |
|
£ |
|
Bank loans and overdrafts |
306,426 |
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Other creditors |
150,063 |
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--------- |
|
456,489 |
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--------- |
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Included with creditors: amounts falling due within one year is a loan for the amount of £306,427 which is secured against the investment property to which the loan relates.
6.
Fair value reserve
The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:
|
2025 |
|
£ |
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Reclassification from fair value reserve to profit and loss account |
132,248 |
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--------- |
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At end of period |
132,248 |
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--------- |
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7.
Directors' advances, credits and guarantees
At the year end, the company owed £7,478 to it's directors. The loans are interest free and repayable on demand.