Auction House UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06025583

Auction House UK Limited

Unaudited financial statements

31 December 2025

Auction House UK Limited

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	387,000	484
Tangible assets	6	38,900	335,933
		---------	---------
		425,900	336,417

Current assets

Stocks		2,027	2,027
Debtors	7	444,404	337,666
Cash at bank and in hand		1,610,065	913,181
		-----------	-----------
		2,056,496	1,252,874

Creditors: Amounts falling due within one year	8	( 1,119,009)		( 669,000)
		-----------		-----------
Net current assets			937,487		583,874
			-----------		---------
Total assets less current liabilities			1,363,387		920,291

Provisions

Taxation including deferred tax	( 9,725)	( 83,622)
	-----------	---------
Net assets	1,353,662	836,669
	-----------	---------

Capital and reserves

Called up share capital	52,500	52,500
Share premium account	10,000	10,000
Profit and loss account	1,291,162	774,169
	-----------	---------
Shareholders funds	1,353,662	836,669
	-----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Auction House UK Limited

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 8 May 2026 , and are signed on behalf of the board by:

The Hon J J L Prior

Director

Company registration number: 06025583

Auction House UK Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hill House, The Street, Wissett, Halesworth, Suffolk, IP19 0JH. The trading address is The Barn, Newmarket Road, Cringleford, Norwich, Norfolk, NR4 6UE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Website address	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
IT equipment	-	33% straight line
Motor vehicles	-	33% straight line
Software and website	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

4. Employee numbers

The average number of employees during the year was 35 (2024: 31 ).

5. Intangible assets

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 January 2025	–	24,902	24,902
Additions	430,000	–	430,000
	---------	-------	---------
At 31 December 2025	430,000	24,902	454,902
	---------	-------	---------
Amortisation
At 1 January 2025	–	24,418	24,418
Charge for the year	43,000	484	43,484
	---------	-------	---------
At 31 December 2025	43,000	24,902	67,902
	---------	-------	---------
Carrying amount
At 31 December 2025	387,000	–	387,000
	---------	-------	---------
At 31 December 2024	–	484	484
	---------	-------	---------

6. Tangible assets

	Plant and machinery	IT equipment	Software and website	Total
	£	£	£	£
Cost
At 1 January 2025	45,218	78,955	642,969	767,142
Additions	8,598	27,080	–	35,678
Disposals	–	–	( 642,969)	( 642,969)
	-------	---------	---------	---------
At 31 December 2025	53,816	106,035	–	159,851
	-------	---------	---------	---------
Depreciation
At 1 January 2025	34,165	60,522	336,522	431,209
Charge for the year	11,366	14,898	111,954	138,218
Disposals	–	–	( 448,476)	( 448,476)
	-------	---------	---------	---------
At 31 December 2025	45,531	75,420	–	120,951
	-------	---------	---------	---------
Carrying amount
At 31 December 2025	8,285	30,615	–	38,900
	-------	---------	---------	---------
At 31 December 2024	11,053	18,433	306,447	335,933
	-------	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	355,723	239,650
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	5,500
Other debtors	88,681	92,516
	---------	---------
	444,404	337,666
	---------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	145,713	205,267
Amounts owed to group undertakings and undertakings in which the company has a participating interest	25,806	–
Social security and other taxes	736,372	274,617
Other creditors	211,118	189,116
	-----------	---------
	1,119,009	669,000
	-----------	---------

9. Parent company

The parent company of Auction House UK Limited is Tops Holdings Limited and its registered office is Hill House, Wissett, Halesworth, Suffolk, England, IP19 0JH.

The parent company of Tops Holdings Limited is Hill House Investments Limited and its registered office is Hill House, Wissett, Halesworth, Suffolk, England, IP19 0JH.