TCT (UK) LTD - Accounts to registrar (filleted) - small 18.2

TCT (UK) LTD - Accounts to registrar (filleted) - small 18.2

TCT (UK) LTD - Company Information

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REGISTERED NUMBER: 06668849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2019

for

TCT (UK) LTD
TCT (UK) LTD (Registered number: 06668849)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCT (UK) LTD

Company Information
for the Year Ended 31 October 2019







DIRECTORS: I Ferguson
K M J Keen





SECRETARY: I Ferguson





REGISTERED OFFICE: Creasey Alexander & Co
Parkgate house
33A Pratt Street
London
NW1 OBG





REGISTERED NUMBER: 06668849 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG
Page 1
TCT (UK) LTD (Registered number: 06668849)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Investments 4 275,000 275,000
Investment property 5 227,935 227,935
502,935 502,935

CURRENT ASSETS
Debtors 6 42,109 31,459
Cash at bank 27 8
42,136 31,467
CREDITORS
Amounts falling due within one year 7 277,028 259,377
NET CURRENT LIABILITIES (234,892 ) (227,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
268,043
275,025

CREDITORS
Amounts falling due after more than one
year
8
80,278
106,728
NET ASSETS 187,765 168,297

CAPITAL AND RESERVES
Called up share capital 9 5 5
Retained earnings 10 187,760 168,292
SHAREHOLDERS' FUNDS 187,765 168,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
TCT (UK) LTD (Registered number: 06668849)

Balance Sheet - continued
31 October 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2020 and were
signed on its behalf by:





I Ferguson - Director


The notes form part of these financial statements

Page 3
TCT (UK) LTD (Registered number: 06668849)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

TCT (UK) LTD 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4 continued...
TCT (UK) LTD (Registered number: 06668849)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2018
and 31 October 2019 275,000
NET BOOK VALUE
At 31 October 2019 275,000
At 31 October 2018 275,000

Fixed asset investments represent 100% of the share capital purchased in Weyline Cars Limited (Companies
House registration number 05848380).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2018
and 31 October 2019 227,935
NET BOOK VALUE
At 31 October 2019 227,935
At 31 October 2018 227,935

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Amounts owed by group undertakings 42,109 31,459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Bank loans and overdrafts 31,170 31,170
Amounts owed to associates 230,256 217,625
Tax 13,999 8,979
Other creditors 103 103
Accrued expenses 1,500 1,500
277,028 259,377

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.19 31.10.18
£    £   
Bank loans - 1-2 years 31,170 31,170
Bank loans - 2-5 years 49,108 75,558
80,278 106,728

Page 5 continued...
TCT (UK) LTD (Registered number: 06668849)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.19 31.10.18
value: £    £   
5 Ordinary 1 5 5

10. RESERVES
Retained
earnings
£   

At 1 November 2018 168,292
Profit for the year 19,468
At 31 October 2019 187,760

11. SECURED LOANS

A debenture was created by the company on 4th November 2008 securing all monies due or to become due from
the company to HSBC Bank plc on any account whatsoever.

A Legal Mortgage was created on 3rd June 2009 securing all monies due or to become due from the company to
HSBC Bank plc on any account whatsoever, against the property at 4 Queen Street, Weymouth.

A debenture was created by the company on 27 April 2018 comprising fixed an floating charges over the whole
or substantially the whole of the business, assets and undertaking in favour of Ultimate Finance Ltd.

Page 6