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REGISTERED NUMBER: 09361861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024

FOR

CITY AUCTION (ROCKINGHAM) LTD

CITY AUCTION (ROCKINGHAM) LTD (REGISTERED NUMBER: 09361861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


CITY AUCTION (ROCKINGHAM) LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024







DIRECTORS: R Hill
M Tomalin





SECRETARY: Ms H O'Neill





REGISTERED OFFICE: Mitchell Road
Corby
United Kingdom
Northamptonshire
NN17 5AF





REGISTERED NUMBER: 09361861 (England and Wales)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

CITY AUCTION (ROCKINGHAM) LTD (REGISTERED NUMBER: 09361861)

BALANCE SHEET
31 MAY 2024

31.5.24 30.11.23
Notes £    £   
CURRENT ASSETS
Debtors 4 50,000 50,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,000

50,000

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,900 49,900
SHAREHOLDERS' FUNDS 50,000 50,000

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

The members have not required the company to obtain an audit of its financial statements for the period 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:





R Hill - Director


CITY AUCTION (ROCKINGHAM) LTD (REGISTERED NUMBER: 09361861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

City Auction (Rockingham) Ltd 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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements in:

The consideration of the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also considers the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Taxation
Taxation for the period 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.


CITY AUCTION (ROCKINGHAM) LTD (REGISTERED NUMBER: 09361861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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 period 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 period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.23
£    £   
Other debtors 50,000 50,000

5. SECURED DEBTS

HSBC Bank Place hold a fixed and floating charged over all assets, property and undertakings of the company. The charge contains a negative pledge.

6. RELATED PARTY DISCLOSURES

At the period end there is an amount of £50,000 (2023: £50,000) due from a company in which the directors have a controlling interest. This amount is included in other debtors and the loan is unsecured, interest free and repayable on demand.