West Derbyshire Auctions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01501506

West Derbyshire Auctions Limited

Filleted Unaudited Financial Statements

31 March 2026

West Derbyshire Auctions Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 8

West Derbyshire Auctions Limited

Officers and Professional Advisers

The board of directors	Mrs H C Stubbs
	Mrs J C Stout
	Mr L A Stout
	Mr M R A Stout

Company secretary	Mrs J C Stout

Registered office	Rossett Green
	Bar Road
	Baslow
	Derbyshire
	United Kingdom
	DE45 1SF

Accountants	Hebblethwaites
	Chartered accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

West Derbyshire Auctions Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of West Derbyshire Auctions Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Derbyshire Auctions Limited for the year ended 31 March 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of West Derbyshire Auctions Limited, as a body, in accordance with the terms of our engagement letter dated 27 February 2026. Our work has been undertaken solely to prepare for your approval the financial statements of West Derbyshire Auctions Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Derbyshire Auctions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Derbyshire Auctions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of West Derbyshire Auctions Limited. You consider that West Derbyshire Auctions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of West Derbyshire Auctions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hebblethwaites Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

9 June 2026

West Derbyshire Auctions Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	761	84,928
Investments	6	2,312,600	2,330,100
		------------	------------
		2,313,361	2,415,028

Current assets

Debtors	7	7,550	5,325
Cash at bank and in hand		102,804	30,928
		---------	--------
		110,354	36,253

Creditors: amounts falling due within one year	8	39,727	46,163
		---------	--------
Net current assets/(liabilities)		70,627	( 9,910)
		------------	------------
Total assets less current liabilities		2,383,988	2,405,118

Creditors: amounts falling due after more than one year	9	913,000	913,000

Provisions	270,975	236,000
	------------	------------
Net assets	1,200,013	1,256,118
	------------	------------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	1,132,351	1,172,826
Profit and loss account	67,562	83,192
	------------	------------
Shareholders funds	1,200,013	1,256,118
	------------	------------

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 comprehensive income has not been delivered.

For the year ending 31 March 2026 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 .

West Derbyshire Auctions Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 9 June 2026 , and are signed on behalf of the board by:

Mr L A Stout

Director

Company registration number: 01501506

West Derbyshire Auctions Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rossett Green, Bar Road, Baslow, Derbyshire, DE45 1SF, United Kingdom.

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 represents rent receivable from properties in the normal course of business.

Taxation

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.

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	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investment property, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss account.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2025	84,338	1,800	86,138
Additions	–	315	315
Disposals	( 84,338)	–	( 84,338)
	--------	-------	--------
At 31 March 2026	–	2,115	2,115
	--------	-------	--------
Depreciation
At 1 April 2025	–	1,210	1,210
Charge for the year	–	144	144
	--------	-------	--------
At 31 March 2026	–	1,354	1,354
	--------	-------	--------
Carrying amount
At 31 March 2026	–	761	761
	--------	-------	--------
At 31 March 2025	84,338	590	84,928
	--------	-------	--------

6. Investments

	Shares in group undertakings	Investment property	Total
	£	£	£
Cost
At 1 April 2025	100	2,330,000	2,330,100
Revaluations	–	( 17,500)	( 17,500)
	----	------------	------------
At 31 March 2026	100	2,312,500	2,312,600
	----	------------	------------
Impairment
At 1 April 2025 and 31 March 2026	–	–	–
	----	------------	------------

Carrying amount
At 31 March 2026	100	2,312,500	2,312,600
	----	------------	------------
At 31 March 2025	100	2,330,000	2,330,100
	----	------------	------------

The fair value of the investment properties has been arrived at, on the basis of valuations carried out in May 2026 by Chestertons and John D Wood & Co, who are not connected with the company. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. In the opinion of the directors this represents their open market value as at 31 March 2026.

The historical cost is £909,174

7. Debtors

	2026	2025
	£	£
Trade debtors	2,542	–
Other debtors	5,008	5,325
	-------	-------
	7,550	5,325
	-------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	98	99
Social security and other taxes	1,905	1,678
Other creditors	37,724	44,386
	--------	--------
	39,727	46,163
	--------	--------

Included within other creditors is £31,652 (2025: 37,667), which is due to a director. This is unsecured, interest free and with no fixed repayment terms.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans	200,000	200,000
Other creditors	713,000	713,000
	---------	---------
	913,000	913,000
	---------	---------

The bank loans are secured by fixed and floating charges on the investment properties .

10. Related party transactions

At the year end, the company owed Dutycourse Limited £713,000 (2025: £713,000), a company in which L A Stout is director.