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REGISTERED NUMBER: 08284677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Loddon Auctions Limited

Loddon Auctions Limited (Registered number: 08284677)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Loddon Auctions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs MR Brownlie





REGISTERED OFFICE: Unit 3, Ducks Nest Farm
Eversley Road
Arborfield Cross
Reading
RG2 9PJ





REGISTERED NUMBER: 08284677 (England and Wales)

Loddon Auctions Limited (Registered number: 08284677)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,778 6,714
5,778 6,714

CURRENT ASSETS
Stocks 3,407 3,956
Debtors 6 120,839 82,806
Cash at bank and in hand 246,191 234,809
370,437 321,571
CREDITORS
Amounts falling due within one year 7 215,515 181,039
NET CURRENT ASSETS 154,922 140,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,700

147,246

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 160,680 147,226
160,700 147,246

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 her 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mrs MR Brownlie - Director


Loddon Auctions Limited (Registered number: 08284677)

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

1. STATUTORY INFORMATION

Loddon Auctions 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 represents net commissions receivable in respect of auction sales of goods an services, exclusive of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Profit & Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Loddon Auctions Limited (Registered number: 08284677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 19,596 5,793 25,389
Additions - 990 990
At 31 March 2024 19,596 6,783 26,379
DEPRECIATION
At 1 April 2023 14,426 4,249 18,675
Charge for year 1,292 634 1,926
At 31 March 2024 15,718 4,883 20,601
NET BOOK VALUE
At 31 March 2024 3,878 1,900 5,778
At 31 March 2023 5,170 1,544 6,714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 119,839 73,806
Other debtors 1,000 9,000
120,839 82,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 178,714 146,082
Taxation and social security 31,620 31,045
Other creditors 5,181 3,912
215,515 181,039