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REGISTERED NUMBER: 11896053 (England and Wales)














TUCKER HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TUCKER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: J M Tucker





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
United Kingdom
DY11 7BG





REGISTERED NUMBER: 11896053 (England and Wales)

TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 28,340 63,543
Investments 5 700,000 -
728,340 63,543

CURRENT ASSETS
Stocks 1,044,263 1,460,237
Debtors 6 78,739 792,593
Cash at bank and in hand 197 165
1,123,199 2,252,995
CREDITORS
Amounts falling due within one year 7 1,235,781 1,836,960
NET CURRENT (LIABILITIES)/ASSETS (112,582 ) 416,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,758

479,578

PROVISIONS FOR LIABILITIES 8 380,855 387,073
NET ASSETS 234,903 92,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,803 92,405
234,903 92,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)

BALANCE SHEET - continued
31ST JULY 2023


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 director and authorised for issue on 12th November 2024 and were signed by:





J M Tucker - Director


TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Tucker Holdings Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Retirement benefits
The company provides pension benefits for senior employees, under the terms of the pension contracts entered into with the senior employees, fixed sums are provided for now in order to provide pension benefits to the individuals upon their retirement. The pension contracts allow for an annual increase in respect of indexation over and above the initial contracted amount.

Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors consider that it does not bear any of the hallmarks of a defined benefit scheme as the company's contributions are fixed until the point of retirement at which point any further contributions of annual increases cease. Further information can be found in note 8 of the financial statements.

TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st August 2022
and 31st July 2023 95,315
DEPRECIATION
At 1st August 2022 31,772
Charge for year 35,203
At 31st July 2023 66,975
NET BOOK VALUE
At 31st July 2023 28,340
At 31st July 2022 63,543

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
Additions 700,000
At 31st July 2023 700,000
NET BOOK VALUE
At 31st July 2023 700,000

During the year, the company entered into a private annuity contract with its director. This contract was entered into on arm's length commercial terms, and provides for an annual payment to the company of £27,970, for the life of the director, in return for a capital advance of £700,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 26,460 -
Other debtors 52,279 792,593
78,739 792,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 45,577 53,091
Other creditors 1,190,204 1,783,869
1,235,781 1,836,960

TUCKER HOLDINGS LIMITED (REGISTERED NUMBER: 11896053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

8. PROVISIONS FOR LIABILITIES

The company provided pension benefits in respect of a senior employee. Amounts payable are charged to the profit and loss account in the period as a constructive obligation existed at 31st July 2023. This obligation was satisfied within 9 months of the period end by the company entering into the contract with the employee. The number of directors to whom pension benefits are accruing under this pension agreement is 1 (2022 - 1).

The contributions and potential liabilities of the company in respect of the pension agreement are fixed at least until the date of retirement of the employee which is over five years from the period end date.

Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors are of the opinion that it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary in order to understand the nature and measurement of the liability.

The directors are also of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected, at this stage, to be paid in the future to settle the pension agreement liabilities.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st July 2023 and the period ended 31st July 2022:

2023 2022
£ £
J M Tucker
Balance outstanding at start of year 637,928 165,003
Amounts advanced - 689,681
Amounts repaid (637,928 ) (216,756 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 637,928

During the period interest of £9,391 (2022 £10,565) was charged on the above overdrawn loan account.

10. RELATED PARTY DISCLOSURES

During the year £20,000 (2022 -£0) of charges were paid to Venture Construction & Developments Holdings (Worcester) Limited, a company under common control.

At 31st July 2023 the company owed £24,548 (31st July 2022 - £53,197) to Venture Construction & Developments Holdings (Worcester) Limited.

At 31st July 2023 the company owed £119,154 (2022 - £0) to Tucker Homes Limited, a company under common control.

At 31st July 2023 the company owed £80,480 (2022 - £604,720) to Venture Homes (Worcester) Limited, a company under common control.

Remuneration of key management personnel

The remuneration of key management personnel is £0 (2022 £375,000).