REGISTERED NUMBER: 08366169 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

AMS Auctions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R York

REGISTERED OFFICE:

AMS Gloucester Auction Centre

Bristol Road

Gloucester

GL2 5DD

REGISTERED NUMBER:

08366169 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

Gloucestershire

GL1 1NU

FIXED ASSETS

Tangible assets

4

611

-

Investment property

5

135,000

110,373

135,611

110,373

CURRENT ASSETS

Debtors

6

37,345

28,146

Cash at bank and in hand

10,257

10,363

47,602

38,509

CREDITORS

Amounts falling due within one year

7

38,309

32,865

NET CURRENT ASSETS

9,293

5,644

TOTAL ASSETS LESS CURRENT LIABILITIES

144,904

116,017

PROVISIONS FOR LIABILITIES

6,157

-

NET ASSETS

138,747

116,017

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

18,471

-

Retained earnings

120,176

115,917

SHAREHOLDERS' FUNDS

138,747

116,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2026 and were signed by:

R York - Director

1.	STATUTORY INFORMATION

AMS Auctions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

Additions

916

At 31 December 2025

916

Depreciation

Charge for year

305

At 31 December 2025

305

Net book value

At 31 December 2025

611

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2025

110,373

Revaluations

24,627

At 31 December 2025

135,000

Net book value

At 31 December 2025

135,000

At 31 December 2024

110,373

If the investment property had not been revalued it would have been included at a historical cost of £110,373.

The investment property was valued on an open market basis on 30 December 2025 by the director.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Other debtors

37,345

28,146

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Taxation and social security

7,281

11,018

Other creditors

31,028

21,847

38,309

32,865

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/25

31/12/24

£

£

Within one year

11,216

-

Between one and five years

13,085

-

24,301

-

9.

RESERVES

Fair

value

reserve

£

Fair value gain/loss

18,471

At 31 December 2025

18,471

10.	RELATED PARTY DISCLOSURES

AMS Holdings (Investments) Ltd

Other Creditor controlled by R York

Included in other creditors as at 31 December 2025 was £11,500 (£19,500- 2024) owed to the above company. The balance is interest free and has no fixed repayment terms.