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Registration number: 07980585

Neville Tucker (Holdings) Limited

Annual Report and Financial Statements

for the Year Ended 31 January 2024

 

Neville Tucker (Holdings) Limited

Contents

Company Information

1

Strategic Report

2

Director's Report

3

Statement of Director's Responsibilities

4

Independent Auditor's Report

5 to 7

Profit and Loss Account

8

Balance Sheet

9

Notes to the Financial Statements

10 to 13

 

Neville Tucker (Holdings) Limited

Company Information

Director

Mr M Snape

Registered office

Rotterdam Road
Sutton Fields Industrial Estate
Hull
HU7 0XD

Auditors

Cameron Ferriby & Co
Bridge House
41 Wincolmlee
Kingston upon Hull
East Yorkshire
HU2 8AG

 

Neville Tucker (Holdings) Limited

Strategic Report for the Year Ended 31 January 2024

The director presents his strategic report for the year ended 31 January 2024.

Principal activity

The principal activity of the company is that of a holding company.

Fair review of the business

The company has been a non trading holding company throughout the year.

Principal risks and uncertainties

As a non trading company, the only risk it faces is that the value of its investment will fall.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr M Snape
Director

 

Neville Tucker (Holdings) Limited

Director's Report for the Year Ended 31 January 2024

The director presents his report and the financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mr M Snape

Financial instruments

Price risk, credit risk, liquidity risk and cash flow risk

The main risk facing the company is that its investment in the subsidiary will fall.

The trading subsidiary continues to trade successfully and there is no indication that the investment will require impairment.

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Cameron Ferriby & Co as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr M Snape
Director

 

Neville Tucker (Holdings) Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Neville Tucker (Holdings) Limited

Independent Auditor's Report to the Members of Neville Tucker (Holdings) Limited

Opinion

We have audited the financial statements of Neville Tucker (Holdings) Limited (the 'company') for the year ended 31 January 2024, which comprise the Profit and Loss Account, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

Neville Tucker (Holdings) Limited

Independent Auditor's Report to the Members of Neville Tucker (Holdings) Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

Neville Tucker (Holdings) Limited

Independent Auditor's Report to the Members of Neville Tucker (Holdings) Limited

As part of designing our audit:

We obtained an understanding of laws and regulations that affect the company and the industry in which it operates, including the Companies Act 2006, tax legislation, employment legislation, data protection and health and safety legislation.
We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information.
In response to the risk of irregularities and non-compliance with laws and regulations, we enquired with management as to any actual or potential litigations claims, reviewed correspondence with HMRC, relevant regulators and the companies’ legal advisors, and agreed financial statement disclosures to underlying documentation.

We determined materiality and assessed the risks of material misstatement in the financial statements. We looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.

We gained an understanding of the controls that the directors have in place to prevent and detect fraud and enquired of any instances of fraud that had taken place during the period. In assessing the risk of fraud due to management override of internal controls, we tested the appropriateness of journal entries, performed analytical procedures, and assessed whether judgements made in accounting estimates were indicative of potential bias.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Mr R A Cameron (Senior Statutory Auditor)
For and on behalf of Cameron Ferriby & Co, Statutory Auditor

Bridge House
41 Wincolmlee
Kingston upon Hull
East Yorkshire
HU2 8AG

28 October 2024

 

Neville Tucker (Holdings) Limited

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

-

-

Gross profit/(loss)

 

-

-

Operating profit/(loss)

-

-

Income from shares in group undertakings

 

75,000

251,133

Profit before tax

 

75,000

251,133

Profit for the financial year

 

75,000

251,133

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Neville Tucker (Holdings) Limited

(Registration number: 07980585)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

836,493

836,493

Creditors: Amounts falling due within one year

6

(770,243)

(770,243)

Net assets

 

66,250

66,250

Capital and reserves

 

Called up share capital

66,250

66,250

Shareholders' funds

 

66,250

66,250

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr M Snape
Director

 

Neville Tucker (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Rotterdam Road
Sutton Fields Industrial Estate
Hull
HU7 0XD

These financial statements were authorised for issue by the director on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Neville Tucker (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff costs

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2024
No.

2023
No.

Administration and support

1

1

1

1

4

Taxation

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2023 - the same as the standard rate of corporation tax in the UK) of 25% (2023 - 19%).

The differences are reconciled below:

2024
£

2023
£

Profit before tax

75,000

251,133

Corporation tax at standard rate

18,750

47,715

Tax decrease from effect of dividends from UK companies

(18,750)

(47,715)

Total tax charge/(credit)

-

-

 

Neville Tucker (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

5

Investments in subsidiaries, joint ventures and associates

2024
£

2023
£

Investments in subsidiaries

836,493

836,493

Subsidiaries

£

Cost or valuation

At 1 February 2023

836,493

Provision

Carrying amount

At 31 January 2024

836,493

At 31 January 2023

836,493

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Tucker Mechanical and Electrical Building Services Limited

Rotterdam Road,
Sutton Fields Industrial Estate
Hull, HU7 0XD

England

Ordinary

100%

100%

Subsidiary undertakings

Tucker Mechanical and Electrical Building Services Limited

The principal activity of Tucker Mechanical and Electrical Building Services Limited is Mechanical and heating engineers.

 

Neville Tucker (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 January 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

8

770,243

770,243

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

66,250

66,250

66,250

66,250

       

8

Related party transactions

Summary of transactions with subsidiaries

Advantage has been taken under FRS 102 Section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving group entities.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is Neville Tucker (Group) Limited, incorporated in England.