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REGISTERED NUMBER: 00975745











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lakeside & Haverthwaite Railway Co Ltd

Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lakeside & Haverthwaite Railway Co Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M A Maher
Mr J M Morris
Mr S J Maher
Mr G D Magee
Mrs K M Maher
Mr A C Maher



SECRETARY: Mr M A Maher



REGISTERED OFFICE: Haverthwaite Station
Newby Bridge
Nr Ulverston
Cumbria
LA12 8AL



REGISTERED NUMBER: 00975745



ACCOUNTANTS: Haywood & Co LLP
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 1LR

Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 266,707 288,838

CURRENT ASSETS
Stocks 47,861 53,827
Debtors 5 134,823 41,597
Cash at bank and in hand 371,514 391,422
554,198 486,846
CREDITORS
Amounts falling due within one year 6 (171,113 ) (212,415 )
NET CURRENT ASSETS 383,085 274,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,792

563,269

CREDITORS
Amounts falling due after more than one
year

7

(80,267

)

(128,166

)
NET ASSETS 569,525 435,103

CAPITAL AND RESERVES
Called up share capital 50,416 43,750
Share premium 140,574 47,250
Retained earnings 378,535 344,103
SHAREHOLDERS' FUNDS 569,525 435,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mrs K M Maher - Director


Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lakeside & Haverthwaite Railway Co Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 21 ) .

Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 422,071 508,443 930,514
DEPRECIATION
At 1 January 2023 178,841 462,835 641,676
Charge for year 14,756 7,375 22,131
At 31 December 2023 193,597 470,210 663,807
NET BOOK VALUE
At 31 December 2023 228,474 38,233 266,707
At 31 December 2022 243,230 45,608 288,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,076 5,197
Other debtors 132,747 36,400
134,823 41,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 47,800 47,800
Trade creditors 35,521 37,127
Taxation and social security 33,698 (6,238 )
Other creditors 54,094 133,726
171,113 212,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 80,267 128,166

Lakeside & Haverthwaite Railway Co Ltd (Registered number: 00975745)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loan 21,400 29,299

The bank loan is secured by a debenture, including an equitable charge over all present and future freehold and leasehold property, together with a first fixed & floating charge over all debts owed to the company and all assets and undertakings of the company.