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Company No: 09499892 (England and Wales)

# BRISTOL AUCTION ROOMS LIMITED

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

BRISTOL AUCTION ROOMS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

BRISTOL AUCTION ROOMS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
BRISTOL AUCTION ROOMS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTOR | A R J Grodecki

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

COMPANY NUMBER | 09499892 (England and Wales)

CHARTERED ACCOUNTANTS | Burgess Hodgson LLP
| Camburgh House
| 27 New Dover Road
| Canterbury
| CT1 3DN

BRISTOL AUCTION ROOMS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
BRISTOL AUCTION ROOMS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 7 |  | 7
Tangible assets | 5 | 52,686 |  | 113,939
|  | 52,693 |  | 113,946
Current assets |  |  |  |
Stocks |  | 252,627 |  | 459,815
Debtors | 6 | 1,669,223 |  | 1,410,744
Cash at bank and in hand |  | 177,581 |  | 71,873
|  | 2,099,431 |  | 1,942,432
Creditors: amounts falling due within one year | 7 | ( 1,447,882) |  | ( 1,365,102)
Net current assets |  | 651,549 |  | 577,330
Total assets less current liabilities |  | 704,242 |  | 691,276
Creditors: amounts falling due after more than one year | 8 | 0 |  | ( 39,430)
Provision for liabilities |  | ( 13,172) |  | ( 21,649)
Net assets |  | 691,070 |  | 630,197
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 690,970 |  | 630,097
Total shareholder's funds |  | 691,070 |  | 630,197

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 Bristol Auction Rooms Limited (registered number: 09499892) were approved and authorised for issue by the Director on 03 March 2026. They were signed on its behalf by:

A R J Grodecki Director |

BRISTOL AUCTION ROOMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
BRISTOL AUCTION ROOMS 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

Bristol Auction Rooms 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 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 £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 4 years straight line

###### Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life. Provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leasehold improvements | 4 years straight line
Office equipment | 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### 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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

##### Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
The average number of persons employed by the company during the year amounted to: | 9 |  | 9

#### 4. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 7 |  | 7
At 30 June 2025 | 7 |  | 7
Accumulated amortisation |  |  |
At 01 July 2024 | 0 |  | 0
At 30 June 2025 | 0 |  | 0
Net book value |  |  |
At 30 June 2025 | 7 |  | 7
At 30 June 2024 | 7 |  | 7

#### 5. Tangible assets

| Leasehold improve- ments |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 July 2024 | 129,357 |  | 438,364 |  | 567,721
At 30 June 2025 | 129,357 |  | 438,364 |  | 567,721
Accumulated depreciation |  |  |  |  |
At 01 July 2024 | 114,984 |  | 338,798 |  | 453,782
Charge for the financial year | 5,484 |  | 55,769 |  | 61,253
At 30 June 2025 | 120,468 |  | 394,567 |  | 515,035
Net book value |  |  |  |  |
At 30 June 2025 | 8,889 |  | 43,797 |  | 52,686
At 30 June 2024 | 14,373 |  | 99,566 |  | 113,939
Leased assets included above: |  |  |  |  |
Net book value |  |  |  |  |
At 30 June 2025 | 0 |  | 5,603 |  | 5,603
At 30 June 2024 | 0 |  | 15,510 |  | 15,510

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 7,769 |  | 31,425
Amounts owed by Group undertakings | 1,535,122 |  | 1,279,972
Other debtors | 126,332 |  | 99,347
| 1,669,223 |  | 1,410,744

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 40,052 |  | 52,283
Trade creditors | 167,069 |  | 131,752
Amounts owed to Group undertakings | 193,000 |  | 127,000
Taxation and social security | 111,403 |  | 76,265
Obligations under finance leases and hire purchase contracts | 0 |  | 7,396
Other creditors | 936,358 |  | 970,406
| 1,447,882 |  | 1,365,102

The company has a fixed and floating charge over its assets from HSBC.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 39,430

The company has a fixed and floating charge over its assets from HSBC.

#### 9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2025 |  | 2024
| £ |  | £
At the year end the company owed the following amount to companies related by common control: | 595,799 |  | 556,340
At the year end, the company was owed the following amount by group companies: | 1,535,122 |  | 1,279,972
At the year end, the company owed the following amount to group companies: | 193,000 |  | 127,000

#### 10. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 170,400 |  | 174,000
Later than 1 year and not later than 5 years | 511,200 |  | 511,200
Later than 5 years | 127,800 |  | 298,200
| 809,400 |  | 983,400

#### 11. 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 House 1 North Close, Shorncliffe Industrial Estate, Folkestone, Kent, England, CT20 3UH.