REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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For The Year Ended 31 October 2015 |
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TNC Management Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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For The Year Ended 31 October 2015 |
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for |
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TNC Management Limited |
TNC Management Limited (Registered number: 01639133) |
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Contents of the Abbreviated Accounts |
For The Year Ended 31 October 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
TNC Management Limited |
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Company Information |
For The Year Ended 31 October 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BANKERS: |
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TNC Management Limited (Registered number: 01639133) |
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Abbreviated Balance Sheet |
31 October 2015 |
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31.10.15 | 31.10.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
TNC Management Limited (Registered number: 01639133) |
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Abbreviated Balance Sheet - continued |
31 October 2015 |
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The financial statements were approved by the director on
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TNC Management Limited (Registered number: 01639133) |
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Notes to the Abbreviated Accounts |
For The Year Ended 31 October 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Going concern |
The company continues to go through a rationalisation programme. The director is confident of an improved |
trading performance in the year to 31 October 2016. |
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In the meantime as the company has adequate cash flow resources available the director considers it |
appropriate that the financial statements be prepared on a going concern basis. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Long leasehold property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment property is valued by the directors on an open market value basis in accordance with SSAP 19. The |
surplus or deficit on revaluation has been transferred to revaluation reserve except where the deficit reduces the |
property below its historic cost, in which case it has been taken to the profit and loss account. |
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No depreciation is allocated to investment property which is a departure from the requirements of the |
Companies Act 2006. In the opinion of the directors, this property is held primarily for it's investment potential so |
it's current value is of more significance than any measure of consumption and to depreciate it would not give a |
true and fair view. The provisions of SSAP 19 in respect of investment properties have therefore been adopted |
in order to give a true and fair view. If this departure from the act had not been made, the profit for the year |
would have been reduced by depreciation. |
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However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise |
have been shown cannot be separately identified or quantified. |
TNC Management Limited (Registered number: 01639133) |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 October 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2014 |
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Additions |
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Disposals | ( |
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At 31 October 2015 |
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DEPRECIATION |
At 1 November 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
value: | £ | £ |
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Ordinary | £1 |
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