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REGISTERED NUMBER: 10786835 (England and Wales)















UNDER THE HAMMER AUCTIONS LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






UNDER THE HAMMER AUCTIONS LIMITED (REGISTERED NUMBER: 10786835)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNDER THE HAMMER AUCTIONS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J S Dubb
I Dubb





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 10786835 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

UNDER THE HAMMER AUCTIONS LIMITED (REGISTERED NUMBER: 10786835)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,680 22,854

CURRENT ASSETS
Debtors 5 531,987 449,950
Cash at bank 305,330 404,720
837,317 854,670
CREDITORS
Amounts falling due within one year 6 731,319 876,514
NET CURRENT ASSETS/(LIABILITIES) 105,998 (21,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,678

1,010

CREDITORS
Amounts falling due after more than one year 7 11,453 -
NET ASSETS 114,225 1,010

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 113,215 -
114,225 1,010

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:




I Dubb - Director



J S Dubb - Director


UNDER THE HAMMER AUCTIONS LIMITED (REGISTERED NUMBER: 10786835)

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

1. STATUTORY INFORMATION

Under The Hammer 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.

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


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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 6,468 25,775 32,243
DEPRECIATION
At 1 June 2023 1,379 8,010 9,389
Charge for year 509 2,665 3,174
At 31 May 2024 1,888 10,675 12,563
NET BOOK VALUE
At 31 May 2024 4,580 15,100 19,680
At 31 May 2023 5,089 17,765 22,854

UNDER THE HAMMER AUCTIONS LIMITED (REGISTERED NUMBER: 10786835)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 531,987 449,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,648 30,750
Trade creditors 35,923 2,816
Amounts owed to group undertakings 161,571 354,905
Social security and other taxes 113,786 39,343
Other creditors 408,741 432,524
Directors' current accounts - 14,526
Accrued expenses 1,650 1,650
731,319 876,514

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,648 -
Bank loans - 2-5 years 1,805 -
11,453 -

8. RELATED PARTY DISCLOSURES

The company has intercompany balances at the year end date with related entities which are under common control.

Pedmore Investments Limited owes £531,987.

Royel Estates Limited is owed £28,825.