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REGISTERED NUMBER: 07929559 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AUCTION ROOM LIMITED

AUCTION ROOM LIMITED (REGISTERED NUMBER: 07929559)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1


AUCTION ROOM LIMITED (REGISTERED NUMBER: 07929559)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
£    £    £    £   
FIXED ASSETS 51,241 18,339

CURRENT ASSETS 70,341 120,371

PREPAYMENTS AND ACCRUED INCOME 4,912 -

CREDITORS
Amounts falling due within one year (22,583 ) (80,430 )
NET CURRENT ASSETS 52,670 39,941
TOTAL ASSETS LESS CURRENT LIABILITIES 103,911 58,280

CREDITORS
Amounts falling due after more than one year - (27,811 )

ACCRUALS AND DEFERRED INCOME (3,113 ) (16,634 )
NET ASSETS 100,798 13,835

CAPITAL AND RESERVES 100,798 13,835

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Auction Room 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: 07929559

Registered office: Argent House
5 Goldington Road
Bedford
Bedfordshire
MK40 3JY

The presentation currency of the financial statements is the Pound Sterling (£).


2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 8 (2023 - 10 ) .

AUCTION ROOM LIMITED (REGISTERED NUMBER: 07929559)

BALANCE SHEET - continued
31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P Mancini and J S Mancini
Balance outstanding at start of year - 4,759
Amounts repaid - (4,759 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors loan account is unsecured and repayable on demand. Interest is charged on any overdrawn balance at the official rate of interest of 2%.

There have been various transactions with the director during the year in the form of a director's current account. Information disclosed is therefore given in an aggregated form.

4. OTHER FINANCIAL COMMITMENTS

The company has financial commitments at the balance sheet date of £238,750 (2023: £268,750).



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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:



P McCormack - Director