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REGISTERED NUMBER: 00196590 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2017

for

G. & A. Tuck Limited

G. & A. Tuck Limited (Registered number: 00196590)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Balance Sheet 1

Notes to the Financial Statements 3


G. & A. Tuck Limited (Registered number: 00196590)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 10,448 -
Investment property 4 3,913,121 3,160,093
3,923,569 3,160,093

CURRENT ASSETS
Debtors 5 413,464 26,198
Cash at bank 561,766 37,933
975,230 64,131
CREDITORS
Amounts falling due within one year 6 391,687 14,523
NET CURRENT ASSETS 583,543 49,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,507,112

3,209,701

CREDITORS
Amounts falling due after more than one
year

7

(1,450,000

)

-

PROVISIONS FOR LIABILITIES (159,777 ) (301,906 )
NET ASSETS 2,897,335 2,907,795

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Fair value reserve 9 1,828,384 2,969,239
Retained earnings 998,951 (131,444 )
SHAREHOLDERS' FUNDS 2,897,335 2,907,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

G. & A. Tuck Limited (Registered number: 00196590)

Balance Sheet - continued
31 March 2017


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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 9 August 2017 and were signed on its behalf by:





H V Jones - Director


G. & A. Tuck Limited (Registered number: 00196590)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

G & A Tuck Limited is a private company, limited by shares, registered in England & Wales. The company's
registered number is 00196590 and registered office address is Treviot House, 186-192 High Road, Ilford, Essex
IG1 1LR.

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.

Turnover
Turnover represents the total rental income receivable during the year.

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 Profit and Loss Account,
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. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,448
At 31 March 2017 10,448
NET BOOK VALUE
At 31 March 2017 10,448

G. & A. Tuck Limited (Registered number: 00196590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 3,160,093
Additions 2,113,121
Disposals (1,379,697 )
Revaluations 19,604
At 31 March 2017 3,913,121
NET BOOK VALUE
At 31 March 2017 3,913,121
At 31 March 2016 3,160,093

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 1982 311,295
Valuation in 1996 541,937
Valuation in 1999 792,006
Valuation in 2007 1,324,000
Valuation in 2017 (1,160,458 )
Valuation in 2017 19,604
Cost 2,084,737
3,913,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,808 9,009
Amounts owed by related party 300,000 -
Other debtors 109,656 17,189
413,464 26,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 61,227 7,133
Taxation and social security 123,810 -
Other creditors 206,650 7,390
391,687 14,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 1,450,000 -

G. & A. Tuck Limited (Registered number: 00196590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 1,450,000 -

The bank loan is secured on investment properties and also by a guarantee by the directors

9. RESERVES
Fair
value
reserve
£   
At 1 April 2016 2,969,239
Revaluation 19,603
Transfer (1,160,458 )

At 31 March 2017 1,828,384

10. RELATED PARTY DISCLOSURES

At the year end, G & A Tuck Limited was due £300,000 from companies under common ownership.