REGISTERED NUMBER: 11896053 (England and Wales)

TUCKER HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Tucker

REGISTERED OFFICE:

Beauchamp House

402-403 Stourport Road

Kidderminster

United Kingdom

DY11 7BG

REGISTERED NUMBER:

11896053 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

28,340

Investments

5

700,000

700,000

700,000

728,340

CURRENT ASSETS

Stocks

334,667

1,044,263

Debtors

6

975,008

78,739

Cash at bank and in hand

1,096

197

1,310,771

1,123,199

CREDITORS

Amounts falling due within one year

7

1,401,697

1,235,781

NET CURRENT LIABILITIES

(90,926

)

(112,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

609,074

615,758

PROVISIONS FOR LIABILITIES

8

375,000

380,855

NET ASSETS

234,074

234,903

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

233,974

234,803

234,074

234,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 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.

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 24th March 2026 and were signed by:

J M Tucker - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st August 2023

and 31st July 2024

95,315

DEPRECIATION

At 1st August 2023

66,975

Charge for year

28,340

At 31st July 2024

95,315

NET BOOK VALUE

At 31st July 2024

-

At 31st July 2023

28,340

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st August 2023

and 31st July 2024

700,000

NET BOOK VALUE

At 31st July 2024

700,000

At 31st July 2023

700,000

During the 2023 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

2024

2023

£

£

Trade debtors

-

26,460

Amounts recoverable on contract

660,410

-

Other debtors

314,598

52,279

975,008

78,739

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

61,110

45,577

Other creditors

1,340,587

1,190,204

1,401,697

1,235,781

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 2024. 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 (2023 - 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 years ended 31st July 2024 and 31st July 2023:

2024

2023

£

£

J M Tucker

Balance outstanding at start of year

-

637,928

Amounts repaid

-

(637,928

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

During the period interest of £0 (2023 £9,391) was charged on the above overdrawn loan account.

10.	RELATED PARTY DISCLOSURES

At 31st July 2024 the company was owed £342,522 (31st July 2023 the company owed - £24,548) to Venture Construction & Developments Holdings (Worcester) Limited.

At 31st July 2024 the company was owed £298,759 (2023 the company owed - £119,154 to Tucker Homes Limited, a company under common control.

At 31st July 2024 the company owed £0 (2023 £80,480) to Venture Homes (Worcester) Limited, a company under common control.

.