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REGISTERED NUMBER: 02712938 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Cwmni Rheilffordd Beddgelert Cyfyngedig

Cwmni Rheilffordd Beddgelert Cyfyngedig (Registered number: 02712938)






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


Cwmni Rheilffordd Beddgelert Cyfyngedig

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S G W Currinn
S M Holden
G Farr
R A Sinclair



SECRETARY: R A Sinclair



REGISTERED OFFICE: Welsh Highland Railway
WHR Railway Station
Tremadog Road
Porthmadog
Gwynedd
LL49 9DY



REGISTERED NUMBER: 02712938 (England and Wales)



ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR



BANKERS: HSBC Bank Plc
62 High street
Porthmadog
Gwynedd
LL49 9LN

Cwmni Rheilffordd Beddgelert Cyfyngedig (Registered number: 02712938)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 69,221 63,892
Debtors 5 - 291
Cash at bank and in hand 115,130 9,450
184,351 73,633
CREDITORS
Amounts falling due within one year 6 (144,351 ) (33,633 )
NET CURRENT ASSETS 40,000 40,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,000

40,000

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
40,000 40,000

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by:





R A Sinclair - Director


Cwmni Rheilffordd Beddgelert Cyfyngedig (Registered number: 02712938)

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

1. STATUTORY INFORMATION

Cwmni Rheilffordd Beddgelert Cyfyngedig 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Cwmni Rheilffordd Beddgelert Cyfyngedig (Registered number: 02712938)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,606 1,676
Amounts owed to group undertakings 135,390 29,857
Taxation and social security 100 100
Other creditors 2,255 2,000
144,351 33,633

7. CONTROLLING PARTY

The company's ultimate holding company is Welsh Highland Railway Limited which is incorporated in England and Wales. Welsh Highland Railway Limited is a registered charity under Charity Number 1039817.