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REGISTERED NUMBER: 03047413 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The American Dining Car Company Limited

The American Dining Car Company Limited (Registered number: 03047413)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The American Dining Car Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J R Iley
Mrs CM Iley





REGISTERED OFFICE: 19 Flora Avenue
DARLINGTON
Co. Durham
DL3 8PF





REGISTERED NUMBER: 03047413 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

The American Dining Car Company Limited (Registered number: 03047413)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 703 1,406
Investment property 5 416,672 422,624
417,375 424,030

CURRENT ASSETS
Stocks 7,091 7,091
Debtors 6 15,758 29,697
Cash at bank and in hand 23,018 23,838
45,867 60,626
CREDITORS
Amounts falling due within one year 7 (116,508 ) (120,277 )
NET CURRENT LIABILITIES (70,641 ) (59,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,734

364,379

PROVISIONS FOR LIABILITIES 8 - (267 )
NET ASSETS 346,734 364,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 346,634 364,012
SHAREHOLDERS' FUNDS 346,734 364,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





J R Iley - Director


The American Dining Car Company Limited (Registered number: 03047413)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The American Dining Car Company 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Rental income is accounted for on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property comprises of a long lease. Any aggregate surplus or deficit arising from changes in market value is transferred to retained earnings.

Depreciation is provided in order to write off the long leasehold asset over its estimated useful life in accordance with the property, as the basis for obtaining fair value.

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

Going concern
These financial statements have been prepared on a going concern basis.

In response to current economic conditions and concerns of the trading ability in the short term of the company, the Directors have carefully considered the financial risks, including an assessment of future trading projections for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the Directors consider that the company can meet the demands of the business but if required the Directors confirm they will support the cash flow needs of the company. In addition, the company assets are assessed for recoverability on a regular basis, and the Directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

In light of their proposed support the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern. This the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

The American Dining Car Company Limited (Registered number: 03047413)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 2,812
DEPRECIATION
At 1 May 2023 1,406
Charge for year 703
At 30 April 2024 2,109
NET BOOK VALUE
At 30 April 2024 703
At 30 April 2023 1,406

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 422,624
DEPRECIATION
Charge for year 5,952
At 30 April 2024 5,952
NET BOOK VALUE
At 30 April 2024 416,672
At 30 April 2023 422,624

The property has been valued on an existing use basis by the directors.

Fair value at 30 April 2023 is represented by:

£
Valuation in 2010 154,450
Valuation in 2011 (5,952 )
Valuation in 2012 (5,952 )
Valuation in 2013 (5,952 )
Valuation in 2014 (5,952 )
Valuation in 2015 (5,952 )
Valuation in 2016 (5,952 )
Valuation in 2017 (5,952 )
Valuation in 2018 (5,952 )
Valuation in 2019 (5,952 )
Valuation in 2020 (5,952 )
Valuation in 2021 (5,952 )
Valuation in 2022 (5,952 )
Valuation in 2023 (5,952 )
Valuation in 2024 (5,952 )
Cost 345 550
416,672

The American Dining Car Company Limited (Registered number: 03047413)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,364 28,876
Other debtors 4,394 821
15,758 29,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26 90
Taxation and social security 1,043 6,979
Other creditors 115,439 113,208
116,508 120,277

8. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 267

Deferred
tax
£   
Balance at 1 May 2023 267
Credit to Income Statement during year (2,680 )
Balance at 30 April 2024 (2,413 )

9. CONTINGENT LIABILITIES

There were no contingent liabilities at 30 April 2024. (2023 - None)

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J R Iley by virtue of his shareholdings in The American Dining Car Company Ltd and Imp Hotel Ltd.

11. GOING CONCERN

Included in other creditors is a loan from a Director. The Director has confirmed that they will only seek repayment of their loan account when sufficient funds are available.