Southern Counties Auctioneers Limited - Period Ending 2020-06-30

Southern Counties Auctioneers Limited

Balance Sheet

30 June 2020

	Note	2020 £	2019 £
Capital and reserves
Called up share capital	3	50,000	50,000
Profit and loss account		(50,000)	(50,000)
Total equity		-	-

For the financial year ending 30 June 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 4 November 2020

......................................... S H G Whaley Director

Company Registration Number: 02503165

Southern Counties Auctioneers Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Livestock Market
Salisbury Road
Netherhampton
Salisbury
Wiltshire
SP2 8RH

These financial statements were authorised for issue by the director on 4 November 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

The company was dormant and has not traded during the year.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary shares of £1 each	50,000	50,000	50,000	50,000

Southern Counties Auctioneers Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2020

4

Control

The company is a wholly owned subsidiary of John Jeffery (Auctioneers) Limited, a company incorporated in England and Wales.