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REGISTERED NUMBER: 13069016 (England and Wales)















RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Balance sheet 1

Notes to the financial statements 3


RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,844 3,533

Current assets
Stocks 3,238 545
Debtors 5 48,564 36,621
Cash at bank 97,808 80,979
149,610 118,145
Creditors
Amounts falling due within one year 6 170,938 88,429
Net current (liabilities)/assets (21,328 ) 29,716
Total assets less current liabilities (18,484 ) 33,249

Provisions for liabilities 54,000 27,000
Net (liabilities)/assets (72,484 ) 6,249

Capital and reserves
Called up share capital 1,000 1,000
Share premium 79,000 79,000
Retained earnings (152,484 ) (73,751 )
Shareholders' funds (72,484 ) 6,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

BALANCE SHEET - continued
31 DECEMBER 2022


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 3 October 2023 and were signed by:





I Rushbrook - Director


RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. Statutory information

Rushbrooks Auctioneers And Valuers 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: 13069016

Registered office: The Red House
44 Hyde Street
Winchester
SO23 7DX

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.

The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the Director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is the total amount, excluding value added tax, receivable by the company in respect of commissions and fees charged in relation to auctions. Turnover is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 3 years

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

RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. Accounting policies - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties (if any).

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2021 - 6 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2022 1,527 3,289 4,816
Additions - 733 733
At 31 December 2022 1,527 4,022 5,549
Depreciation
At 1 January 2022 136 1,147 1,283
Charge for year 305 1,117 1,422
At 31 December 2022 441 2,264 2,705
Net book value
At 31 December 2022 1,086 1,758 2,844
At 31 December 2021 1,391 2,142 3,533

RUSHBROOKS AUCTIONEERS AND VALUERS
LIMITED (REGISTERED NUMBER: 13069016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors 3,654 6,272
Auction debtors 41,406 8,740
Deferred tax asset - 17,233
Prepayments 3,504 4,376
48,564 36,621

6. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 20,016 7,817
Social security and other taxes 4,237 39
VAT 14,762 11,221
Auction creditors 91,991 32,829
Amounts owed to parent company 30,871 31,634
Other creditors 5,561 2,639
Accrued expenses 3,500 2,250
170,938 88,429

7. Immediate and ultimate parent companies

The immediate parent company is The Auction Hub (Wessex) Ltd by virtue of its shareholding.

The ultimate parent company is Auction Network Sweden AB, incorporated in Sweden.