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REGISTERED NUMBER: 01639133 (England and Wales)










Abbreviated Unaudited Accounts

For The Year Ended 31 October 2016

for

TNC Management Limited

TNC Management Limited (Registered number: 01639133)






Contents of the Abbreviated Accounts
For The Year Ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TNC Management Limited

Company Information
For The Year Ended 31 October 2016







DIRECTOR: P Buckland



SECRETARY: Mrs. L.F. Buckland



REGISTERED OFFICE: Portland House
Albion Street
Cheltenham
Gloucestershire
GL52 2LG



REGISTERED NUMBER: 01639133 (England and Wales)



ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN



BANKERS: National Westminster Bank Plc
31 Promenade
Cheltenham
Gloucestershire
GL50 1LH

TNC Management Limited (Registered number: 01639133)

Abbreviated Balance Sheet
31 October 2016

31.10.16 31.10.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,487 2,157
Investment property 3 585,000 500,000
586,487 502,157

CURRENT ASSETS
Debtors 568,073 409,713
Cash at bank 82,042 40,195
650,115 449,908
CREDITORS
Amounts falling due within one year 1,137,680 910,917
NET CURRENT LIABILITIES (487,565 ) (461,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,922

41,148

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 483,550 398,550
Profit and loss account (384,630 ) (357,404 )
SHAREHOLDERS' FUNDS 98,922 41,148

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 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
(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 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 director on 26 July 2017 and were signed by:





P Buckland - Director


TNC Management Limited (Registered number: 01639133)

Notes to the Abbreviated Accounts
For The Year Ended 31 October 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2015).

Going concern
The company's ongoing rationalisation programme has improved the trading performance during the
year. This trend has continued post year end and the company is now trading profitably post year end.
The director therefore considers it appropriate that the financial statements be prepared on a going
concern basis.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.

Fixtures and fittings - 25% on cost or reducing balance
Computer equipment - 33% on cost or reducing balance


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.

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.

However, the amount of depreciation cannot reasonably be quantified and the amount which might
otherwise have been shown cannot be separately identified or quantified.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

TNC Management Limited (Registered number: 01639133)

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 96,677
DEPRECIATION
At 1 November 2015 94,520
Charge for year 670
At 31 October 2016 95,190
NET BOOK VALUE
At 31 October 2016 1,487
At 31 October 2015 2,157

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2015 500,000
Revaluations 85,000
At 31 October 2016 585,000
NET BOOK VALUE
At 31 October 2016 585,000
At 31 October 2015 500,000

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.16 31.10.15
value: £    £   
2 Ordinary £1 2 2