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REGISTERED NUMBER: 01639133 (England and Wales)










Unaudited Financial Statements

For The Period 1 November 2016 to 30 April 2018

for

TNC Management Limited

TNC Management Limited (Registered number: 01639133)






Contents of the Financial Statements
For The Period 1 November 2016 to 30 April 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TNC Management Limited

Company Information
For The Period 1 November 2016 to 30 April 2018







DIRECTOR: P Buckland



SECRETARY: Mrs. L.F. Buckland



REGISTERED OFFICE: Cheltenham Film and Photographic Studios
Arle Court
Hatherley Lane
Cheltenham
Gloucestershire
GL51 6PN



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)

Abridged Balance Sheet
30 April 2018

30.4.18 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 816 1,487
Investment property 4 594,158 585,000
594,974 586,487

CURRENT ASSETS
Debtors 801,314 568,073
Cash at bank 52,242 82,042
853,556 650,115
CREDITORS
Amounts falling due within one year 1,172,067 1,137,680
NET CURRENT LIABILITIES (318,511 ) (487,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,463

98,922

PROVISIONS FOR LIABILITIES 59,298 61,785
NET ASSETS 217,165 37,137

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserves 5 424,252 421,765
Retained earnings (207,089 ) (384,630 )
SHAREHOLDERS' FUNDS 217,165 37,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2018 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.

TNC Management Limited (Registered number: 01639133)

Abridged Balance Sheet - continued
30 April 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 January 2019 and were signed by:





P Buckland - Director


TNC Management Limited (Registered number: 01639133)

Notes to the Financial Statements
For The Period 1 November 2016 to 30 April 2018

1. STATUTORY INFORMATION

TNC Management Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers during
the period excluding value added tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:

Office equipment and machinery - 25% to 33% reducing balance

Investment property
Investment properties are properties, either owned or leased by the Company, that are held either to earn rental
income or for capital appreciation, or both. Investment properties are measured initially at cost including related
transaction costs, and subsequently at fair value. Fair value is based on market value, as determined by a
professional independent valuer at each reporting date. The difference between the fair value of an investment
property at the reporting date and its carrying amount prior to re-measurement is included in the income
statement as a valuation surplus or deficit. Investment properties are presented on the balance sheet within
non-current assets.

TNC Management Limited (Registered number: 01639133)

Notes to the Financial Statements - continued
For The Period 1 November 2016 to 30 April 2018

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and
Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party
to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised
cost using the effective interest method.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators
of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more
events that occurred after the initial recognition of the financial asset, the estimated future cash flows
have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset
expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership
to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group
companies, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future receipts
discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if payment is due
within one year.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged,
cancelled, or they expire.


TNC Management Limited (Registered number: 01639133)

Notes to the Financial Statements - continued
For The Period 1 November 2016 to 30 April 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2016
and 30 April 2018 96,677
DEPRECIATION
At 1 November 2016 95,190
Charge for period 671
At 30 April 2018 95,861
NET BOOK VALUE
At 30 April 2018 816
At 31 October 2016 1,487


TNC Management Limited (Registered number: 01639133)

Notes to the Financial Statements - continued
For The Period 1 November 2016 to 30 April 2018

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2016 585,000
Additions 9,158
At 30 April 2018 594,158
NET BOOK VALUE
At 30 April 2018 594,158
At 31 October 2016 585,000

Fair value at 30 April 2018 is represented by:

£   
Valuation in 2013 398,550
Valuation in 2016 85,000
Cost 110,608
594,158

The investment property was revalued on 31 October 2013 by the director on an open market basis. If the
investment property had not been revalued it would have been included at it's historical cost of £110,608.

5. RESERVES
Non
distributable
reserves
£   
At 1 November 2016 421,765
transfer of reserves 2,487

At 30 April 2018 424,252