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REGISTERED NUMBER: 01639133 (England and Wales)










Abbreviated Unaudited Accounts

For The Year Ended 31 October 2014

for

TNC Management Limited

TNC Management Limited (Registered number: 01639133)






Contents of the Abbreviated Accounts
For The Year Ended 31 October 2014




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 2014







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 2014

31.10.14 31.10.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,592 9,159
Investment property 3 500,000 500,000
508,592 509,159

CURRENT ASSETS
Debtors 538,067 650,259
Cash at bank and in hand 49,694 88,834
587,761 739,093
CREDITORS
Amounts falling due within one year 4 965,479 1,019,211
NET CURRENT LIABILITIES (377,718 ) (280,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,874

229,041

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 398,550 398,550
Profit and loss account (267,678 ) (169,511 )
SHAREHOLDERS' FUNDS 130,874 229,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 28 July 2015 and were signed by:





P Buckland - Director


TNC Management Limited (Registered number: 01639133)

Notes to the Abbreviated Accounts
For The Year Ended 31 October 2014

1. ACCOUNTING POLICIES

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).

Going concern
The company continues to go through a rationalisation programme. The director is confident of a
return to profitability in the year to 31 October 2016.

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.

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.

Long leasehold property - over the remaining length of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Prior year adjustment
The freehold property was redesignated to investment property during the previous year. The company
no longer holds any freehold property and has therefore taken the option of removing the accounting
policy in respect of freehold property and has adopted the accounting policy in respect of investment
property.

The investment property was also revalued in the previous year and therefore the 2013 comparatives
on the balance sheet have been restated.

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.

TNC Management Limited (Registered number: 01639133)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 October 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 109,996
Additions 1,057
At 31 October 2014 111,053
DEPRECIATION
At 1 November 2013 100,837
Charge for year 1,624
At 31 October 2014 102,461
NET BOOK VALUE
At 31 October 2014 8,592
At 31 October 2013 9,159

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2013
and 31 October 2014 500,000
NET BOOK VALUE
At 31 October 2014 500,000
At 31 October 2013 500,000

4. CREDITORS

Creditors include an amount of £ 100,244 (31.10.13 - £ 30,036 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.14 31.10.13
value: £    £   
2 Ordinary £1 2 2