REGISTERED NUMBER: 10786835 (England and Wales)

UNDER THE HAMMER AUCTIONS LIMITED

Unaudited Financial Statements

for the Period 1 June 2024 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

-

19,680

CURRENT ASSETS

Debtors

5

104,485

531,987

Cash at bank

275,281

305,330

379,766

837,317

CREDITORS

Amounts falling due within one year

6

155,271

731,319

NET CURRENT ASSETS

224,495

105,998

TOTAL ASSETS LESS CURRENT LIABILITIES

224,495

125,678

CREDITORS

Amounts falling due after more than one year

7

4,241

11,453

NET ASSETS

220,254

114,225

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

219,244

113,215

220,254

114,225

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 30 September 2025 and were signed on its behalf by:

I Dubb - Director

J S Dubb - Director

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 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.

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 period was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

and 31 December 2024

6,468

25,775

32,243

DEPRECIATION

At 1 June 2024

1,888

10,675

12,563

Charge for period

4,580

15,100

19,680

At 31 December 2024

6,468

25,775

32,243

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 May 2024

4,580

15,100

19,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Amounts owed by group undertakings

104,485

-

Other debtors

-

531,987

104,485

531,987

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Bank loans and overdrafts

9,648

9,648

Trade creditors

26,527

35,923

Amounts owed to group undertakings

-

161,571

Social security and other taxes

119,096

113,786

Other creditors

-

408,741

Accrued expenses

-

1,650

155,271

731,319

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Bank loans - 1-2 years

4,241

9,648

Bank loans - 2-5 years

-

1,805

4,241

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.