Builth Market Auctioneers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12729984 (England and Wales)

Builth Market Auctioneers Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

MJ Nicholls

GR Wall

RT Matthews

REGISTERED OFFICE:

Hereford Livestock Market

Roman Road

Hereford

Herefordshire

HR4 7AN

REGISTERED NUMBER:

12729984 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Builth Market Auctioneers Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Builth Market Auctioneers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Builth Market Auctioneers Limited and state those matters that we have agreed to state to the Board of Directors of Builth Market Auctioneers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Builth Market Auctioneers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Builth Market Auctioneers 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 profit of Builth Market Auctioneers Limited. You consider that Builth Market Auctioneers 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 Builth Market Auctioneers 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

22 September 2026

FIXED ASSETS

Tangible assets

4

31,501

46,041

CURRENT ASSETS

Debtors

5

2,183,122

2,309,535

Cash in hand

992

576

2,184,114

2,310,111

CREDITORS

Amounts falling due within one year

6

1,587,299

1,796,190

NET CURRENT ASSETS

596,815

513,921

TOTAL ASSETS LESS CURRENT
LIABILITIES

628,316

559,962

PROVISIONS FOR LIABILITIES

9

7,875

11,515

NET ASSETS

620,441

548,447

CAPITAL AND RESERVES

Allotted, issued and fully

paid share capital

1,000

Retained earnings

619,441

547,447

620,441

548,447

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

MJ Nicholls - Director

RT Matthews - Director

GR Wall - Director

1.	STATUTORY INFORMATION

Builth Market Auctioneers Limited 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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on a going concern basis.

Turnover

Turnover represents commission, stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

Revenue from commission is therefore recognised in the period in which the sale takes place.

Tangible fixed assets

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

Plant and machinery

-

20% on cost and 15% on cost

Office equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

COST

At 1 January 2025

98,416

6,537

104,953

Additions

-

1,778

At 31 December 2025

98,416

8,315

106,731

DEPRECIATION

At 1 January 2025

53,299

5,613

58,912

Charge for year

15,306

1,012

16,318

At 31 December 2025

68,605

6,625

75,230

NET BOOK VALUE

At 31 December 2025

29,811

1,690

31,501

At 31 December 2024

45,117

924

46,041

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,181,915

2,309,535

Prepayments

1,207

-

2,183,122

2,309,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

1,047,999

1,233,522

Trade creditors

37,704

62,396

Corporation tax

31,206

54,198

VAT

49,812

37,901

Other creditors

500

Amounts owed to group undertakings

362,301

241,067

Directors' current accounts

501

Accruals and deferred income

57,276

166,105

1,587,299

1,796,190

7.	LEASING AGREEMENTS

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

2025

2024

£

Within one year

64,716

53,149

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

1,047,999

1,233,522

The bank overdraft is secured by a fixed and floating charge over all assets of the company.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

7,875

11,515

Deferred

tax

£

Balance at 1 January 2025

11,515

Accelerated capital allowances

(3,640

)

Balance at 31 December 2025

7,875

10.	RELATED PARTY DISCLOSURES

Included in creditors are unsecured and interest free loans from directors totalling £501 (2024: £501).

The company is a wholly owned subsidiary of an LLP. During the year, the company paid management charges to this LLP of £360,000 (2024: £241,000) and at the year end the company owed the LLP £360,000 (2024: £241,000).

During the year, the company hired staff of £34,192 (2024: £33,232) from a company under common control. Within trade creditors there is a balance of £1,731 (2024: £NIL) in relation to this company and within the intercompany loan account, in other creditors, is a balance of £2,301 (2024: £67).

During the year, the company also paid for casual labour of £1,208 (2024: £NIL) from a partnership in which one of the directors is a partner and hired machinery of £NIL (2024: £57,920) from this partnership. Within trade debtors there is a balance of £10,730 (2024: £NIL) in relation to this partnership.