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Company No: 13453060 (England and Wales)

# VERNON FOX AUCTIONS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

VERNON FOX AUCTIONS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

VERNON FOX AUCTIONS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
VERNON FOX AUCTIONS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTOR | A R J Grodecki

REGISTERED OFFICE | Benham House 1 North Close
| Shorncliffe Industrial Estate
| Folkestone
| CT20 3UH
| United Kingdom

COMPANY NUMBER | 13453060 (England and Wales)

ACCOUNTANT | Burgess Hodgson Ltd
| Camburgh House
| 27 New Dover Road
| Canterbury
| CT1 3PH
| United Kingdom

VERNON FOX AUCTIONS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
VERNON FOX AUCTIONS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

|  | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Cash at bank and in hand |  | 100 |  | 100
|  | 100 |  | 100
Net current assets |  | 100 |  | 100
Total assets less current liabilities |  | 100 |  | 100
Net assets |  | 100 |  | 100
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Total shareholder's funds |  | 100 |  | 100

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Vernon Fox Auctions Limited (registered number: 13453060) were approved and authorised for issue by the Director on 04 March 2026. They were signed on its behalf by:

A R J Grodecki Director |

VERNON FOX AUCTIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
VERNON FOX AUCTIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Vernon Fox Auctions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Benham House 1 North Close, Shorncliffe Industrial Estate, Folkestone, CT20 3UH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 4. Related party transactions

#### 5. Ultimate controlling party

Parent Company:

The company's immediate and ultimate parent company at the balance sheet date is Vernon Fox Holdings Limited, a company incorporated in England and Wales.
Vernon Fox Holdings Limited's registered address is Benham House1 North Close, Shorncliffe Industrial Estate, Folkestone, Kent, England, CT20 3UH.