European Building Enterprise Limited - Abbreviated accounts 16.3

European Building Enterprise Limited - Abbreviated accounts 16.3

EUROPEAN BUILDING ENTERPRISE LIMITED - Company Information

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REGISTERED NUMBER: 05113397 (England and Wales)



















Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

European Building Enterprise Limited

European Building Enterprise Limited (Registered number: 05113397)

Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

European Building Enterprise Limited

Company Information
for the Year Ended 31 October 2016







DIRECTORS: Edwardson Parker Associates Limited
M Saraca





SECRETARY: P & T Secretaries Limited





REGISTERED OFFICE: 22 Eastcheap
2nd Floor
London
EC3M 1EU





REGISTERED NUMBER: 05113397 (England and Wales)





ACCOUNTANTS: Jackson Moughal
2 Fitzroy Place
Sauchiehall Street
Glasgow
Lanarkshire
G3 7RH
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
European Building Enterprise Limited


The following reproduces the text of the report prepared for the directors in respect of the Company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of European Building Enterprise Limited for the year ended
31 October 2016 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from
the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of European Building Enterprise Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of European Building Enterprise Limited and state those matters that we have agreed to state to the Board of Directors of European Building Enterprise Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that European Building Enterprise Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of European Building Enterprise Limited. You consider that European Building Enterprise Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of European Building Enterprise Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jackson Moughal
2 Fitzroy Place
Sauchiehall Street
Glasgow
Lanarkshire
G3 7RH


27 March 2017

This page does not form part of the abbreviated accounts

Page 2
European Building Enterprise Limited (Registered number: 05113397)

Abbreviated Balance Sheet
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 2 364,545 364,545

CURRENT ASSETS
Cash at bank 252 37

CREDITORS
Amounts falling due within one year 373,686 372,900
NET CURRENT LIABILITIES (373,434 ) (372,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(8,889
)
(8,318
)

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account (18,889 ) (18,318 )
SHAREHOLDERS' FUNDS (8,889 ) (8,318 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The notes on pages 5 to 6 form part of these abbreviated accounts

Page 3 continued...
European Building Enterprise Limited (Registered number: 05113397)

Abbreviated Balance Sheet - continued
31 October 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 27 March 2017 and were signed on its
behalf by:





M Saraca - Director


The notes on pages 5 to 6 form part of these abbreviated accounts

Page 4
European Building Enterprise Limited (Registered number: 05113397)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2008). The following
principal accounting policies have been applied:

Accounting convention
The financial statements have been prepared using the historical cost convention.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Investment
The investment is stated at cost. No consolidated financial statements have been prepared as to do so
would cause undue cost and delay and would be of no material value to the members of the company.

Group financial statements
The financial statements present information about the company as an individual undertaking and not
about its group. In the directors' opinion the company can take advantage of the exemption relating to
small sized groups, provided by section 398 of the Companies Act 2006, not to prepare group
financial statements.

Going concern
The financial statements have been prepared on a going concern basis, subject to the continuing
support of the shareholders.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 November 2015
and 31 October 2016 364,545
NET BOOK VALUE
At 31 October 2016 364,545
At 31 October 2015 364,545

Page 5 continued...
European Building Enterprise Limited (Registered number: 05113397)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2016


2. FIXED ASSET INVESTMENTS - continued

The Company's investments at the Balance Sheet date in the share capital of companies include the
following:

Sarappalti S.P.A.
Country of incorporation: Italy
Nature of business: Construction industry
%
Class of shares: holding
Ordinary 90.00
31/12/15 31/12/14
£    £   
Aggregate capital and reserves 1,918,260 2,137,187
Profit for the year 49,456 51,737

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 6