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REGISTERED NUMBER: 09146470 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Vale of Rheidol Trading Limited

Vale of Rheidol Trading Limited (Registered number: 09146470)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vale of Rheidol Trading Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L Ap Iolo





REGISTERED OFFICE: Park Avenue
Aberystwyth
Ceredigion
SY23 1PG





REGISTERED NUMBER: 09146470 (England and Wales)

Vale of Rheidol Trading Limited (Registered number: 09146470)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 103,253 92,344
Debtors 4 202,635 55,957
Cash at bank 224,278 194,442
530,166 342,743
CREDITORS
Amounts falling due within one year 5 530,066 342,643
NET CURRENT ASSETS 100 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 6 100 100
SHAREHOLDERS' FUNDS 100 100

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





L Ap Iolo - Director


Vale of Rheidol Trading Limited (Registered number: 09146470)

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

1. STATUTORY INFORMATION

Vale of Rheidol Trading 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Other debtors (wip)
Work in progress is measured as the costs involved with the research and writing of various history and locomotive books which will be used by the company when complete.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 110,700 46,224
Other debtors 91,935 9,733
202,635 55,957

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 10,399 830
Amounts owed to group undertakings 499,085 328,000
Taxation and social security 16,882 7,518
Other creditors 3,700 6,295
530,066 342,643

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Vale of Rheidol Trading Limited (Registered number: 09146470)

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

7. RELATED PARTY DISCLOSURES

Summary of transactions with parent
Parent company Vale of Rheidol Railway Limited
Included in other creditors is a balance of £499,085 (2022: £328,000) owed to the parent company.

8. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Vale of Rheidol Railway Limited, incorporated in England. Charity number 1076037, Company number 02188631.

The ultimate parent is Phyllis Rampton Narrow Gauge Railway Trust, Charity number 292240.

The most senior parent entity producing publicly available financial statements is Pyhllis Rampton Narrow Gauge Railway Trust. These financial statements are available upon request from Markwick Farm, Loxhill, Godalming, Surrey, GU8 4BE.