Auction Legal Contracts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12723131

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		2,604

			-		2,604
CURRENT ASSETS
Debtors	6	1		21,200
Cash at bank and in hand		-		1,132

		1		22,332
Creditors: Amounts Falling Due Within One Year	7	-		(7,702 )

NET CURRENT ASSETS (LIABILITIES)			1		14,630

TOTAL ASSETS LESS CURRENT LIABILITIES			1		17,234

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(496 )

NET ASSETS			1		16,738

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			-		16,737

SHAREHOLDERS' FUNDS			1		16,738

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Auction Legal Contracts Limited

Balance Sheet (continued)

As At 31 July 2026

For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G M Abrams

Director

6 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Auction Legal Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12723131 . The registered office is Flat 2 Lawn Manor, Barnet Lane, Elstree, Hertfordshire, WD6 3FT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

2.2. Going Concern Disclosure

The directors believe that the going concern basis is not appropriate as the company directors intend to cease trading.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue from the rendering of consultancy services.

2.4. Tangible Fixed Assets and Depreciation

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.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Fixtures and fittings	25% reducing balance
Computer equipment	20% reducing balance

2.5. Investment Properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.7. 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.

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.

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Auction Legal Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
As at 1 August 2025	7,976	850	8,826
Additions	-	396	396
Disposals	(7,976 )	(1,246 )	(9,222 )

As at 31 July 2026	-	-	-

Depreciation
As at 1 August 2025	5,650	572	6,222
Provided during the period	582	135	717
Disposals	(6,232 )	(707 )	(6,939 )

As at 31 July 2026	-	-	-

Net Book Value
As at 31 July 2026	-	-	-

As at 1 August 2025	2,326	278	2,604

5. Investment Property

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025 as restated
	£	£
Cost	-	18,750

The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.

6. Debtors

	2026	2025 as restated
	£	£
Due within one year
Other debtors	-	21,200
Director's loan account	1	-

	1	21,200

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Auction Legal Contracts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Corporation tax	-	933
Accruals and deferred income	-	2,095
Director's loan account	-	4,674

	-	7,702

8. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

The following related party transactions were undertaken during the year:

At the start of the period the company owed the director £4,674 (2025: £Nil). The director received £20,984 worth of advances during the period (2025: £13,949) and introduced capital of £16,310 (2025: £14,457). The director owed the company £1 (2025: £4.675) at the balance sheet date.

At the start of the period a company under common control owed Auction Legal Contracts Limited £2,450. The company received funds totalling £16,300 and repaid amounts totalling £18,750. At the balance sheet date the amount owed to the company was £Nil.

Dividends were paid to the directors in respect of their shareholdings totalling £10,942 (2025: £13,000).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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