Company registration number 11454196 (England and Wales)
THE STEAM DREAMS RAIL CO LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
THE STEAM DREAMS RAIL CO LTD
COMPANY INFORMATION
Director
Mr J Hosking
(Appointed 1 June 2022)
Company number
11454196
Registered office
Sixth Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT
Auditor
Arnold Hill & Co LLP
Sixth Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT
THE STEAM DREAMS RAIL CO LTD
CONTENTS
Page
Director's report
1
Director's responsibilities statement
2
Independent auditor's report
3 - 5
Profit and loss account
6
Balance sheet
7
Notes to the financial statements
8 - 15
THE STEAM DREAMS RAIL CO LTD
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
- 1 -

The director presents his annual report and financial statements for the period ended 31 March 2023.

Principal activities

The principal activity of the company continued to be that of passenger rail transport.

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

Mr J Hosking
(Appointed 1 June 2022)
Ms P Buck
(Resigned 1 June 2022)
Mr D Buck
(Resigned 1 June 2022)
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr J Hosking
Director
5 March 2024
THE STEAM DREAMS RAIL CO LTD
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE STEAM DREAMS RAIL CO LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE STEAM DREAMS RAIL CO LTD
- 3 -
Opinion

We have audited the financial statements of The Steam Dreams Rail Co Ltd (the 'company') for the period ended 31 March 2023 which comprise the profit and loss account, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

THE STEAM DREAMS RAIL CO LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE STEAM DREAMS RAIL CO LTD
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Detection of fraud and breaches of laws and regulations

To identify risks of material misstatement due to fraud, we considered events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to do so. Our approach included:

 

 

We communicated identified fraud risks throughout our team and remained alert to any indications of fraud throughout the audit.

 

To identify risks of material misstatement due to non-compliance with laws and regulations, our approach was as follows:

THE STEAM DREAMS RAIL CO LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE STEAM DREAMS RAIL CO LTD
- 5 -

 

 

 

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. We also performed procedures to address the risk of management override of controls and the risk of fraudulent revenue recognition, in particular the risks that revenue is recorded in the wrong period and that management may be in a position to make inappropriate accounting entries. Our procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiries of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding non-detection of fraud rather than error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

The financial statements for the prior year were not subject to audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Justin Moore
Senior Statutory Auditor
For and on behalf of Arnold Hill & Co LLP
5 March 2024
Chartered Accountants
Statutory Auditor
Sixth Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT
THE STEAM DREAMS RAIL CO LTD
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2023
- 6 -
Period
Year
ended
ended
31 March
31 December
2023
2021
£
£
Turnover
2,509,149
3,044,903
Cost of sales
(2,067,992)
(2,372,723)
Gross profit
441,157
672,180
Administrative expenses
(995,504)
(671,010)
Other operating income
36,630
-
0
Operating (loss)/profit
(517,717)
1,170
Interest receivable and similar income
408
-
0
Interest payable and similar expenses
(811)
(504)
(Loss)/profit before taxation
(518,120)
666
Tax on (loss)/profit
(416,994)
65,000
(Loss)/profit for the financial period
(935,114)
65,666

The profit and loss account has been prepared on the basis that all operations are continuing operations.

THE STEAM DREAMS RAIL CO LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 7 -
31 March 2023
31 December 2021
Notes
£
£
£
£
Fixed assets
Intangible assets
4
400,000
573,902
Tangible assets
5
10,495
45,559
Investments
6
-
0
1
410,495
619,462
Current assets
Stocks
6,875
6,893
Debtors
7
1,093,868
687,705
Cash at bank and in hand
623,067
402,385
1,723,810
1,096,983
Creditors: amounts falling due within one year
8
(1,891,493)
(1,502,620)
Net current liabilities
(167,683)
(405,637)
Total assets less current liabilities
242,812
213,825
Creditors: amounts falling due after more than one year
9
(23,568)
(36,461)
Provisions for liabilities
(77,994)
(76,000)
Net assets
141,250
101,364
Capital and reserves
Called up share capital
502
500
Share premium account
974,998
-
0
Revaluation reserve
10
323,999
323,999
Profit and loss reserves
(1,158,249)
(223,135)
Total equity
141,250
101,364

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

The financial statements were approved and signed by the director and authorised for issue on 5 March 2024
Mr J Hosking
Director
Company registration number 11454196 (England and Wales)
THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 8 -
1
Accounting policies
Company information

The Steam Dreams Rail Co Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Sixth Floor, Capital Tower, 91 Waterloo Road, London, SE1 8RT.

1.1
Reporting period

The reporting period has been extended to a 15 month period from 1 January 2022 to 31 March 2023. This is to align the Company's balance sheet date with that of group entities, and consequently the results for the year are not directly comparable to that of the prior period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are initially recognised at cost, and subsequently held at fair value less accumulated amortisation.

THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 9 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Other intangible assets
10 years
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 10 -
1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 11 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 12 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2021
Number
Number
Total
12
10
4
Intangible fixed assets
Goodwill
Other intangible assets
Total
£
£
£
Cost
At 1 January 2022
222,278
439,570
661,848
Disposals
-
0
(39,570)
(39,570)
At 31 March 2023
222,278
400,000
622,278
Amortisation and impairment
At 1 January 2022
74,093
13,853
87,946
Amortisation charged for the period
27,785
5,731
33,516
Impairment losses
120,400
-
0
120,400
Disposals
-
0
(19,584)
(19,584)
At 31 March 2023
222,278
-
0
222,278
Carrying amount
At 31 March 2023
-
0
400,000
400,000
At 31 December 2021
148,185
425,717
573,902

More information on impairment movements in the period is given in note .

THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 13 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022
70,405
Additions
9,695
Disposals
(63,280)
At 31 March 2023
16,820
Depreciation and impairment
At 1 January 2022
24,846
Depreciation charged in the period
11,539
Eliminated in respect of disposals
(30,060)
At 31 March 2023
6,325
Carrying amount
At 31 March 2023
10,495
At 31 December 2021
45,559
6
Fixed asset investments
2023
2021
£
£
Shares in group undertakings and participating interests
-
0
1
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2022
1
Disposals
(1)
At 31 March 2023
-
Carrying amount
At 31 March 2023
-
At 31 December 2021
1
THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 14 -
7
Debtors
2023
2021
Amounts falling due within one year:
£
£
Trade debtors
626
1,623
Amounts owed by group undertakings
650,000
-
0
Other debtors
443,242
686,082
1,093,868
687,705
8
Creditors: amounts falling due within one year
2023
2021
£
£
Bank loans
10,000
9,606
Trade creditors
177,123
314,218
Other creditors
1,704,370
1,178,796
1,891,493
1,502,620
9
Creditors: amounts falling due after more than one year
2023
2021
£
£
Bank loans and overdrafts
23,568
36,461

Loans comprise a business bounce back loan, which incurs interest at 2.5% per annum and is due for repayment in July 2025.

10
Revaluation reserve
2023
2021
£
£
At the beginning of the period
323,999
485,999
Deferred tax on revaluation of tangible assets
-
38,000
Other movements
-
(200,000)
At the end of the period
323,999
323,999
THE STEAM DREAMS RAIL CO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 15 -
11
Related party transactions

Transactions and balances with members of the Locomotive Services Limited group are exempt from disclosure as all entities are wholly owned by Locomotive Services Limited.

 

During the period, the Company received services from related companies. Gross income earned by these companies, and the balance remaining at the period end, are described below.

 

All transactions were conducted on an arms length basis, and all related party companies identified above are incorporated in England and Wales.

Company
Gross Income
Year End Balance
Relationship
Locomotive 34046 Limited
30,000
nil
Common control
Locomotive 45231 Limited
67,680
nil
Common control
Locomotive 6100 Limited
82,800
12,000
Related undertaking
Locomotive 70000 Limited
78,840
11,400
Related undertaking
Locomotive Diesels Limited
38,880
9,000
Common control
Locomotive Intercity Limited
49,620
nil
Common control
Locomotive Services (TOC) Limited
455,589
nil
Common control
12
Parent company

The Company is a wholly-owned subsidiary of Locomotive Services Limited, a company incorporated in England and Wales whose registered office is Sixth Floor, Capital Tower, 91 Waterloo Road, London, SE1 8RT.

2023-03-312022-01-01falseCCH SoftwareCCH Accounts Production 2023.300Mr J Hoskingfalse114541962022-01-012023-03-3111454196bus:Director12022-01-012023-03-3111454196bus:RegisteredOffice2022-01-012023-03-31114541962023-03-31114541962021-01-012021-12-31114541962021-12-3111454196core:NetGoodwill2023-03-3111454196core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-3111454196core:NetGoodwill2021-12-3111454196core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2021-12-3111454196core:OtherPropertyPlantEquipment2023-03-3111454196core:OtherPropertyPlantEquipment2021-12-3111454196core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3111454196core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3111454196core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3111454196core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3111454196core:CurrentFinancialInstruments2023-03-3111454196core:CurrentFinancialInstruments2021-12-3111454196core:ShareCapital2023-03-3111454196core:ShareCapital2021-12-3111454196core:SharePremium2023-03-3111454196core:SharePremium2021-12-3111454196core:RevaluationReserve2023-03-3111454196core:RevaluationReserve2021-12-3111454196core:RetainedEarningsAccumulatedLosses2023-03-3111454196core:RetainedEarningsAccumulatedLosses2021-12-3111454196core:RevaluationReserve2021-12-3111454196core:RevaluationReserve2020-12-3111454196core:Goodwill2022-01-012023-03-3111454196core:IntangibleAssetsOtherThanGoodwill2022-01-012023-03-3111454196core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-01-012023-03-3111454196core:ComputerEquipment2022-01-012023-03-3111454196core:NetGoodwill2021-12-3111454196core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2021-12-31114541962021-12-3111454196core:NetGoodwill2022-01-012023-03-3111454196core:OtherPropertyPlantEquipment2021-12-3111454196core:OtherPropertyPlantEquipment2022-01-012023-03-3111454196core:WithinOneYear2023-03-3111454196core:WithinOneYear2021-12-3111454196core:Non-currentFinancialInstruments2023-03-3111454196core:Non-currentFinancialInstruments2021-12-3111454196bus:PrivateLimitedCompanyLtd2022-01-012023-03-3111454196bus:FRS1022022-01-012023-03-3111454196bus:Audited2022-01-012023-03-3111454196bus:FullAccounts2022-01-012023-03-31xbrli:purexbrli:sharesiso4217:GBP