| Tucker Properties Limited |
| Registered number: |
07780831 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
507,500 |
|
|
395,604 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
11,519 |
| Cash at bank and in hand |
|
|
76,026 |
|
|
40,498 |
|
|
|
76,026 |
|
|
52,017 |
|
| Creditors: amounts falling due within one year |
|
|
(409,708) |
|
|
(417,275) |
|
| Net current liabilities |
|
|
|
(333,682) |
|
|
(365,258) |
|
| Net assets |
|
|
|
173,818 |
|
|
30,346 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
3 |
|
|
3 |
| Revaluation reserve |
|
|
|
111,896 |
|
|
- |
| Profit and loss account |
|
|
|
61,919 |
|
|
30,343 |
|
| Shareholders' funds |
|
|
|
173,818 |
|
|
30,346 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr W G Tucker |
| Director |
| Approved by the board on 30 September 2015 |
|
| Tucker Properties Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Investment properties |
|
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account. No depreciation is provided on investment properties, which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors, these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
395,604 |
|
Surplus on revaluation |
111,896 |
|
At 31 March 2015 |
507,500 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
507,500 |
|
At 31 March 2014 |
395,604 |
|
|
|
|
|
|
|
|
The directors reviewed the property values as at 31st March 2015 and confirmed the current values to equal their current commercial market value. |
|
|
The capital gains tax that would be payable if the properties were sold at these values would amount to approximately £21,665. |
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
3 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
