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REGISTERED NUMBER: 07281993 (England and Wales)















STAFFORD RAILWAY CIRCLE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAFFORD RAILWAY CIRCLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: H Williams
D J Hughes
T C Robinson
C J Hill
R Bateman
P Griffiths
Mrs A F Wilson
B A Taylor
D M Mobley
N Palette





REGISTERED OFFICE: Unit 9
Emerald Way
Stone Business Park
Stone
Staffordshire
ST15 0SR





REGISTERED NUMBER: 07281993 (England and Wales)

STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,571 5,107
Investments 5 37,252 36,259
41,823 41,366

CURRENT ASSETS
Debtors 6 266 181
Cash at bank and in hand 67,620 69,547
67,886 69,728
CREDITORS
Amounts falling due within one year 7 (1,230 ) (1,146 )
NET CURRENT ASSETS 66,656 68,582
TOTAL ASSETS LESS CURRENT LIABILITIES 108,479 109,948

RESERVES
Revaluation reserve 8 1,350 1,350
Income and expenditure account 107,129 108,598
108,479 109,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 surplus or deficit 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.

STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

BALANCE SHEET - continued
30 SEPTEMBER 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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





D J Hughes - Director


STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Stafford Railway Circle Limited is a private company, limited by guarantee , 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of exhibition tickets
Turnover from the sale of exhibition tickets is recognised when significant risks and rewards of ownership of the tickets have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually after the exhibition has taken place and the final attendance numbers known.

Interest receivable
Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Fixed asset investments
Investments are recognised initially at costs which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the income and expenditure with a subsequent reserves transfer to the revaluation reserve.


STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income and Expenditure Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 13,824
DEPRECIATION
At 1 October 2022 8,717
Charge for year 536
At 30 September 2023 9,253
NET BOOK VALUE
At 30 September 2023 4,571
At 30 September 2022 5,107

STAFFORD RAILWAY CIRCLE LIMITED (REGISTERED NUMBER: 07281993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 October 2022 36,259
Additions 993
At 30 September 2023 37,252
NET BOOK VALUE
At 30 September 2023 37,252
At 30 September 2022 36,259

The historical cost of the fixed asset investments as at 30 September 2023 was £35,902 (2022 - £34,909).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 266 181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 1,230 1,146

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 1,350

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £20,160 (2022- £30,240).