v3.3.0.814

BALANCE SHEETS - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Properties
Properties under development	$ 3,233,999	$ 4,963,545
Properties held for sale	2,409,708	932,171
Properties, net	5,643,707	5,895,716
Cash and equivalents	477,776	353,685
Prepaid expenses	25,206	5,000
Assets related to discontinued operations, net of accumulated depreciation of $ 59,907 (2014-$24,923)	$ 2,776,361	2,634,247
Vehicle, net of accumulated depreciation of $ nil (2014-$ 1,229)		$ 28,271
Advances due from Praetorian Property, Inc.	$ 3,877
Deferred financing costs	38,977	$ 5,322
Total Assets	8,965,904	8,922,241
LIABILITIES AND STOCKHOLDERS DEFICIT
Accounts payable and accrued liabilities	6,903	26,529
Accrued interest	722,556	373,544
Accounts payable to related parties	$ 482,243	494,020
Advances due to Praetorian Property, Inc.		$ 149,472
Loan payable	$ 212,110
Promissory notes	9,150,000	$ 9,150,000
Total liabilities	10,573,812	10,193,565
Stockholders Deficit
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; 2,000,000 and nil shares issued and outstanding	200	200
Common Stock, $0.0001 par value, 500,000,000 shares authorized, 1,572,002 and 1,572,002 shares issued and outstanding	157	157
Additional paid-in capital	168,243	168,243
Preferred share subscription receivable	(20,000)	(20,000)
Accumulated Deficit	(1,756,508)	(1,419,924)
Total Stockholders Deficit	(1,607,908)	(1,271,324)
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	$ 8,965,904	$ 8,922,241

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19,20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Article 5

Berkshire Homes, Inc. 10-Q