Silverfin false false 31/08/2025 01/09/2024 31/08/2025 J E Axford 26/01/2001 E W Beer 31/07/2025 A A Domeracki 31/07/2025 N A Milsted 01/09/2018 N A Milsted 10 April 2026 The principal activity of the Company during the financial year was that of fine art auctioneers and valuers. 02998482 2025-08-31 02998482 bus:Director1 2025-08-31 02998482 bus:Director2 2025-08-31 02998482 bus:Director3 2025-08-31 02998482 bus:Director4 2025-08-31 02998482 2024-08-31 02998482 core:CurrentFinancialInstruments 2025-08-31 02998482 core:CurrentFinancialInstruments 2024-08-31 02998482 core:ShareCapital 2025-08-31 02998482 core:ShareCapital 2024-08-31 02998482 core:SharePremium 2025-08-31 02998482 core:SharePremium 2024-08-31 02998482 core:CapitalRedemptionReserve 2025-08-31 02998482 core:CapitalRedemptionReserve 2024-08-31 02998482 core:RetainedEarningsAccumulatedLosses 2025-08-31 02998482 core:RetainedEarningsAccumulatedLosses 2024-08-31 02998482 core:LandBuildings 2024-08-31 02998482 core:LeaseholdImprovements 2024-08-31 02998482 core:Vehicles 2024-08-31 02998482 core:FurnitureFittings 2024-08-31 02998482 core:LandBuildings 2025-08-31 02998482 core:LeaseholdImprovements 2025-08-31 02998482 core:Vehicles 2025-08-31 02998482 core:FurnitureFittings 2025-08-31 02998482 bus:OrdinaryShareClass1 2025-08-31 02998482 2024-09-01 2025-08-31 02998482 bus:FilletedAccounts 2024-09-01 2025-08-31 02998482 bus:SmallEntities 2024-09-01 2025-08-31 02998482 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 02998482 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02998482 bus:Director1 2024-09-01 2025-08-31 02998482 bus:Director2 2024-09-01 2025-08-31 02998482 bus:Director3 2024-09-01 2025-08-31 02998482 bus:Director4 2024-09-01 2025-08-31 02998482 bus:CompanySecretary1 2024-09-01 2025-08-31 02998482 core:Vehicles 2024-09-01 2025-08-31 02998482 core:FurnitureFittings core:BottomRangeValue 2024-09-01 2025-08-31 02998482 core:FurnitureFittings core:TopRangeValue 2024-09-01 2025-08-31 02998482 2023-09-01 2024-08-31 02998482 core:LandBuildings 2024-09-01 2025-08-31 02998482 core:LeaseholdImprovements 2024-09-01 2025-08-31 02998482 core:FurnitureFittings 2024-09-01 2025-08-31 02998482 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 02998482 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02998482 (England and Wales)

# WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

## BALANCE SHEET

As at 31 August 2025
WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,351,401 |  | 1,325,583
|  | 1,351,401 |  | 1,325,583
Current assets |  |  |  |
Stocks |  | 2,790 |  | 2,490
Debtors | 4 | 332,706 |  | 417,276
Cash at bank and in hand |  | 1,784,139 |  | 949,807
|  | 2,119,635 |  | 1,369,573
Creditors: amounts falling due within one year | 5 | ( 897,136) |  | ( 987,083)
Net current assets |  | 1,222,499 |  | 382,490
Total assets less current liabilities |  | 2,573,900 |  | 1,708,073
Provision for liabilities |  | 0 |  | ( 11,709)
Net assets |  | 2,573,900 |  | 1,696,364
Capital and reserves |  |  |  |
Called-up share capital | 6 | 3,553 |  | 3,553
Share premium account |  | 113,448 |  | 113,448
Capital redemption reserve |  | 1,572 |  | 1,572
Profit and loss account |  | 2,455,327 |  | 1,577,791
Total shareholders' funds |  | 2,573,900 |  | 1,696,364

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of Woolley & Wallis Salisbury Salerooms Limited (registered number: 02998482) were approved and authorised for issue by the Board of Directors on 10 April 2026. They were signed on its behalf by:

J E Axford Director |

WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
WOOLLEY & WALLIS SALISBURY SALEROOMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Woolley & Wallis Salisbury Salerooms 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 51-61 Castle Street, Salisbury, Wiltshire, SP1 3SU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 represents the buyer's premium, seller's commission and other fees, excluding value added tax, for auctions held during the period.
Where lots are returned to vendors due to non payment by the buyer, the buyer's premium and sellers commission are deducted from turnover.

##### 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 Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### 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 on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | not depreciated
Leasehold improvements | depreciated over the life of the lease
Vehicles | 25 % reducing balance
Fixtures and fittings | 4 - 10 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.
No depreciation is charged on land and buildings as the directors consider the residual value to be greater than cost.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

##### Leases

The Company as lessee
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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account 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. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 47 |  | 47

#### 3. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 September 2024 | 1,359,603 |  | 142,448 |  | 249,518 |  | 759,540 |  | 2,511,109
Additions | 0 |  | 0 |  | 0 |  | 20,876 |  | 20,876
Revaluations | 75,000 |  | 0 |  | 0 |  | 0 |  | 75,000
Disposals | 0 |  | 0 |  | ( 32,480) |  | 0 |  | ( 32,480)
At 31 August 2025 | 1,434,603 |  | 142,448 |  | 217,038 |  | 780,416 |  | 2,574,505
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 September 2024 | 234,603 |  | 142,448 |  | 214,066 |  | 594,409 |  | 1,185,526
Charge for the financial year | 0 |  | 0 |  | 8,050 |  | 57,943 |  | 65,993
Disposals | 0 |  | 0 |  | ( 28,415) |  | 0 |  | ( 28,415)
At 31 August 2025 | 234,603 |  | 142,448 |  | 193,701 |  | 652,352 |  | 1,223,104
Net book value |  |  |  |  |  |  |  |  |
At 31 August 2025 | 1,200,000 |  | 0 |  | 23,337 |  | 128,064 |  | 1,351,401
At 31 August 2024 | 1,125,000 |  | 0 |  | 35,452 |  | 165,131 |  | 1,325,583

This historical cost of land and buildings is £1,491,929 (2024: £1,491,929)

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 274,467 |  | 333,736
Prepayments | 51,390 |  | 75,049
Other debtors | 6,849 |  | 8,491
| 332,706 |  | 417,276

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 45,470 |  | 86,212
Taxation and social security | 283,920 |  | 327,490
Other creditors | 567,746 |  | 573,381
| 897,136 |  | 987,083

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3,553 Ordinary shares shares of £ 1.00 each | 3,553 |  | 3,553

#### 7. Financial commitments

Commitments

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

| 2025 |  | 2024
| £ |  | £
within one year | 320 |  | 320