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REGISTERED NUMBER: 01639133 (England and Wales)










Abbreviated Unaudited Accounts

For The Year Ended 31 October 2015

for

TNC Management Limited

TNC Management Limited (Registered number: 01639133)






Contents of the Abbreviated Accounts
For The Year Ended 31 October 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TNC Management Limited

Company Information
For The Year Ended 31 October 2015







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 2015

31.10.15 31.10.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,157 8,592
Investment property 3 500,000 500,000
502,157 508,592

CURRENT ASSETS
Debtors 409,713 538,067
Cash at bank 40,195 49,694
449,908 587,761
CREDITORS
Amounts falling due within one year 4 910,917 965,479
NET CURRENT LIABILITIES (461,009 ) (377,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,148

130,874

CAPITAL AND RESERVES
Called up share capital 5 2 2
Revaluation reserve 398,550 398,550
Profit and loss account (357,404 ) (267,678 )
SHAREHOLDERS' FUNDS 41,148 130,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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)

Abbreviated Balance Sheet - continued
31 October 2015


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 2016 and were signed by:





P Buckland - Director


TNC Management Limited (Registered number: 01639133)

Notes to the Abbreviated Accounts
For The Year Ended 31 October 2015

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 an improved
trading performance 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

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 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 111,053
Additions 624
Disposals (15,000 )
At 31 October 2015 96,677
DEPRECIATION
At 1 November 2014 102,461
Charge for year 1,050
Eliminated on disposal (8,991 )
At 31 October 2015 94,520
NET BOOK VALUE
At 31 October 2015 2,157
At 31 October 2014 8,592

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2014
and 31 October 2015 500,000
NET BOOK VALUE
At 31 October 2015 500,000
At 31 October 2014 500,000

4. CREDITORS

Creditors include an amount of £ 0 (31.10.14 - £ 100,244 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.15 31.10.14
value: £    £   
2 Ordinary £1 2 2