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Registration number: 14111148

The Auction House Petersfield Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

The Auction House Petersfield Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

The Auction House Petersfield Limited

Company Information

Directors | D A Pope Mrs C Hardy M A Pope

Registered office | 12 The Spinney Forest Road Denmead Waterlooville Hampshire United Kingdom PO7 6AR

Accountants | MMO Limited Chartered AccountantsWellesley House 204 London Road Waterlooville Hampshire PO7 7AN

The Auction House Petersfield Limited

(Registration number: 14111148)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 159,102 | 194,499
Current assets |  |  |
Stocks | 5 | - | 9,000
Debtors | 6 | 12,584 | 35,561
Cash at bank and in hand |  | - | 2,484
|  | 12,584 | 47,045
Creditors: Amounts falling due within one year | 7 | (20,960) | (48,648)
Net current liabilities |  | (8,376) | (1,603)
Total assets less current liabilities |  | 150,726 | 192,896
Creditors: Amounts falling due after more than one year | 7 | (574,756) | (509,716)
Net liabilities |  | (424,030) | (316,820)
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | (424,031) | (316,821)
Shareholders' deficit |  | (424,030) | (316,820)

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

The Auction House Petersfield Limited

(Registration number: 14111148)
Balance Sheet as at 31 August 2025

......................................... D A Pope Director
......................................... Mrs C Hardy Director

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12 The Spinney
Forest Road
Denmead
Waterlooville
Hampshire
PO7 6AR
United Kingdom

These financial statements were authorised for issue by the Board on 14 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 10).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 69,619 | 231,925 | 301,544
At 31 August 2025 | 69,619 | 231,925 | 301,544
Depreciation
At 1 September 2024 | 5,570 | 101,475 | 107,045
Charge for the year | 2,784 | 32,613 | 35,397
At 31 August 2025 | 8,354 | 134,088 | 142,442
Carrying amount
At 31 August 2025 | 61,265 | 97,837 | 159,102
At 31 August 2024 | 64,049 | 130,450 | 194,499

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £61,265 (2024 - £64,050) in respect of short leasehold land and buildings.

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | - | 9,000

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 3,769 | 32,807
Other debtors | 8,815 | 2,754
| 12,584 | 35,561

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 8,782 | -
Trade creditors |  | 3,928 | 20,018
Taxation and social security |  | - | 9,289
Accruals and deferred income |  | 8,250 | 18,385
Other creditors |  | - | 956
|  | 20,960 | 48,648

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other financial liabilities | 574,756 | 509,716

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 1 | 1 | 1 | 1

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 8,782 | -

10 | Related party transactions

Summary of transactions with parent

The Auction House Petersfield Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Cummins and Pope Limited Provision of working capital.

Summary of transactions with associates

Inter company loans

Loans from related parties

2025 | Parent £ | Associates £ | Total £
At start of period | 467,181 | 42,535 | 509,716
Advanced | 67,750 | - | 67,750
Repaid | - | (2,710) | (2,710)
At end of period | 534,931 | 39,825 | 574,756

2024 | Parent £ | Associates £ | Total £
At start of period | 371,681 | 13,035 | 384,716
Advanced | 95,500 | 29,500 | 125,000
At end of period | 467,181 | 42,535 | 509,716

11 | Parent and ultimate parent undertaking

The company's immediate parent is Cummins and Pope Limited, incorporated in England.