Company No: 15736916 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2025		31.05.2025
		£		£
Current assets
Debtors	3	18,569		145,287
Cash at bank and in hand		205,113		268,759
		223,682		414,046
Creditors: amounts falling due within one year	4	( 145,176)		( 346,307)
Net current assets		78,506		67,739
Total assets less current liabilities		78,506		67,739
Net assets		78,506		67,739
Capital and reserves
Called-up share capital	5	1,000		1,000
Profit and loss account		77,506		66,739
Total shareholders' funds		78,506		67,739

For the financial period ending 31 December 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 period 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 Hudson Kapel Auctions Limited (registered number: 15736916) were approved and authorised for issue by the Board of Directors on 06 May 2026. They were signed on its behalf by:

J M R Halloran Director

1. Accounting policies

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

General information and basis of accounting

Hudson Kapel 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 One Eleven, Edmund Street, Birmingham, B3 2HJ, 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 directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have 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.

Reporting period length

Reporting period length is from 1 June 2025 to 31 December 2025. This means they are presented for a period of 6 months and not entirely comparable to the prior period.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 01.06.2025 to 31.12.2025		Period from 23.05.2024 to 31.05.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	1		1

3. Debtors

	31.12.2025		31.05.2025
	£		£
Trade debtors	6,224		55,300
Amounts owed by related parties	11,345		80,785
Amounts owed by directors	980		980
Accrued income	0		8,202
Other debtors	20		20
	18,569		145,287

4. Creditors: amounts falling due within one year

	31.12.2025		31.05.2025
	£		£
Amounts owed to related parties	26,418		15,740
Accruals	89,953		73,797
Taxation and social security	28,805		53,590
Other creditors	0		203,180
	145,176		346,307

5. Called-up share capital

	31.12.2025		31.05.2025
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

6. Related party transactions

Transactions with the entity's directors

	31.12.2025		31.05.2025
	£		£
Amounts owed by directors	980		980

The loans are interest-free and repayable on demand.