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REGISTERED NUMBER: 00196590 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2018

for

G. & A. Tuck Limited

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






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


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

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,448 10,448
Investment property 5 3,913,121 3,913,121
3,923,569 3,923,569

CURRENT ASSETS
Debtors 6 649,027 413,464
Cash at bank 226,823 561,766
875,850 975,230
CREDITORS
Amounts falling due within one year 7 1,669,215 391,687
NET CURRENT (LIABILITIES)/ASSETS (793,365 ) 583,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,130,204

4,507,112

CREDITORS
Amounts falling due after more than one
year

8

-

(1,450,000

)

PROVISIONS FOR LIABILITIES (133,736 ) (159,777 )
NET ASSETS 2,996,468 2,897,335

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Fair value reserve 10 1,828,384 1,828,384
Retained earnings 1,098,084 998,951
SHAREHOLDERS' FUNDS 2,996,468 2,897,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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.

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 29 May 2018 and were signed on its behalf by:





B A Elvidge - Director


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

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

G. & A. Tuck Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 00196590

Registered office: 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 rents receivable during the year.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 April 2017
and 31 March 2018 10,448
NET BOOK VALUE
At 31 March 2018 10,448
At 31 March 2017 10,448

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 3,913,121
NET BOOK VALUE
At 31 March 2018 3,913,121
At 31 March 2017 3,913,121

The investment properties were valued on a fair value basis on 31 March 2017 by the directors.

Fair value at 31 March 2018 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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 13,728 3,808
Amounts owed by connected company 600,000 300,000
Other debtors 35,299 109,656
649,027 413,464

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,450,000 -
Trade creditors 7,662 61,227
Taxation and social security 10,222 123,810
Other creditors 201,331 206,650
1,669,215 391,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1,450,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 1,450,000 1,450,000

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

10. RESERVES
Fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 1,828,384

11. RELATED PARTY DISCLOSURES

At the year end, G & A Tuck Limited was due £600,000 (2017: £300,000) from companies under common
ownership.