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REGISTERED NUMBER: 00133399 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

The Hawes Farmers' Auction Mart Company,

Limited

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Hawes Farmers' Auction Mart Company, |

| Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | A T Pratt

| J Dixon

| J E Thorpe

| D L Scarr

| T G Willoughby

| P T Metcalfe

| D R Alderson

| J Hodgson

| R T Tennant

| SECRETARY: | Mrs R A Porter

| REGISTERED OFFICE: | Burtersett Road

| HAWES

| North Yorkshire

| DL8 3NP

| REGISTERED NUMBER: | 00133399 (England and Wales)

| ACCOUNTANTS: | King Hope

| 34 Romanby Road

| NORTHALLERTON

| North Yorkshire

| DL7 8NF

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 270,821 |  | 275,273 |  |

Investments | 5 | 250 |  | 250 |  |

271,071 |  | 275,523 |  |

CURRENT ASSETS

Stocks | 9,975 |  | 5,528 |  |

Debtors | 6 | 1,638,860 |  | 1,752,881 |  |

Cash at bank and in hand | 14,533 |  | 19,245 |  |

1,663,368 |  | 1,777,654 |  |

CREDITORS

Amounts falling due within one year | 7 | (338,979 | ) | (537,315 | ) |

NET CURRENT ASSETS | 1,324,389 |  | 1,240,339 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,595,460 |  | 1,515,862 |  |

PROVISIONS FOR LIABILITIES | 9 | (30,251 | ) | (31,894 | ) |

ACCRUALS AND DEFERRED INCOME | (8,249 | ) | (8,739 | ) |

NET ASSETS | 1,556,960 |  | 1,475,229 |  |

CAPITAL AND RESERVES

Called up share capital | 8,400 |  | 8,400 |  |

Share premium | 334,890 |  | 334,890 |  |

Retained earnings | 1,213,670 |  | 1,131,939 |  |

SHAREHOLDERS' FUNDS | 1,556,960 |  | 1,475,229 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Balance Sheet - continued

31 December 2025

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 17 February 2026 and were signed on its behalf by:

A T Pratt - Director

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| The Hawes Farmers' Auction Mart Company, 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.

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 represents sales of services including an estimate in respect of ongoing services not yet invoiced, auctioneers' commission and canteen income, excluding value added tax.

| Revenue is recognised on the date the service is provided.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2.5% on cost

| Plant and machinery etc | - | 20% on cost and 10% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| 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 year 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.

| 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.

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Investments

| Investments which are held as fixed assets are stated at cost less provisions for any permanent dimunition in value.

| Government grants

| Government grants relates to grants received towards expenditure on fixed assets, treated as deferred income and credited to the profit and loss account over the useful economic life of the asset.

| Going concern

| These financial statements have been prepared on a going concern basis.

| The current economic conditions present increased risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty of future trading projections for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

| Based on this assessment, the Directors consider that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business. In addition, the company assets are assessed for recoverability on a regular basis, and the Directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

| The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 38 (2024 - 35 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 530,341 |  | 204,818 |  | 735,159 |  |

| Additions | 7,175 |  | 9,563 |  | 16,738 |  |

| At 31 December 2025 | 537,516 |  | 214,381 |  | 751,897 |  |

| DEPRECIATION

| At 1 January 2025 | 280,158 |  | 179,728 |  | 459,886 |  |

| Charge for year | 10,389 |  | 10,801 |  | 21,190 |  |

| Transfer | 9,890 |  | (9,890 | ) | - |  |

| At 31 December 2025 | 300,437 |  | 180,639 |  | 481,076 |  |

| NET BOOK VALUE

| At 31 December 2025 | 237,079 |  | 33,742 |  | 270,821 |  |

| At 31 December 2024 | 250,183 |  | 25,090 |  | 275,273 |  |

| Included in cost of land and buildings is freehold land of £ 66,803 (2024 - £ 66,803 ) which is not depreciated.

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS - continued

| During the year it was identified that accumulated depreciation brought forward had been incorrectly allocated between land and buildings and plant and machinery. A transfer has been made to correct the opening position. The total net book value of tangible fixed assets at the prior year end was correctly stated. This reclassification has had no impact on total tangible fixed assets, profit, or shareholders' funds and has not been treated as a prior period adjustment.

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 250 |  |

| NET BOOK VALUE

| At 31 December 2025 | 250 |  |

| At 31 December 2024 | 250 |  |

| Fixed asset investments include the following:

| £ |  |

| Unquoted shares (at cost) |  | 250 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,602,507 |  | 1,722,825 |  |

| Amounts recoverable on contract | 28,952 |  | 22,848 |  |

| Other debtors | 7,401 |  | 7,208 |  |

1,638,860 |  | 1,752,881 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 157,300 |  | 343,279 |  |

| Trade creditors | 8,144 |  | 10,686 |  |

| Taxation and social security | 104,411 |  | 118,737 |  |

| Other creditors | 69,124 |  | 64,613 |  |

338,979 |  | 537,315 |  |

| The Hawes Farmers' Auction Mart Company, |

| Limited (Registered number: 00133399) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 157,300 |  | 343,279 |  |

| The bank overdraft is secured by a combination of a legal charge and a debenture. The security includes a fixed and floating charge over the undertaking and all property and assets, present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant & machinery.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 30,251 |  | 31,894 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 31,894 |  |

| Credit to Income Statement during year | (1,643 | ) |

| Balance at 31 December 2025 | 30,251 |  |

10. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £6,980 (2024 - £5,963). Outstanding contributions due to the funds at the year end were £2,012 (2024 - £1,936) and are included in other creditors.

11. | OTHER FINANCIAL COMMITMENTS

| At the reporting date, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating lease arrangements in respect of office equipment totalling £6,307 (2024 - £8,937)

12. | DIVIDENDS

| The directors recommend a final dividend of £5 per Ordinary Share, making a total payable of £8,400 which is not provided in the accounts.