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REGISTERED NUMBER: 01945700 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOLTON STEAM LOCOMOTIVE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: N Ward
I K Bartlett





SECRETARY: N Ward





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 01945700 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571,492 571,492

CURRENT ASSETS
Stocks 400 400
Debtors 5 11,752 3,764
Cash at bank and in hand 253,035 217,869
265,187 222,033
CREDITORS
Amounts falling due within one year 6 3,404 3,694
NET CURRENT ASSETS 261,783 218,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,275

789,831

CREDITORS
Amounts falling due after more than one
year

7

680

560
NET ASSETS 832,595 789,271

CAPITAL AND RESERVES
Called up share capital 8 724 724
Share premium 9 380,448 380,448
Revaluation reserve 9 56,649 56,649
Capital redemption reserve 9 24 24
Retained earnings 9 394,750 351,426
SHAREHOLDERS' FUNDS 832,595 789,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

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

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 11th March 2025 and were signed on its behalf by:





I K Bartlett - Director


BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Bolton Steam Locomotive 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 10% on cost
Patterns - not provided
Locomotive - not provided
Office equipment - 10% on cost

A revaluation carried out on the locomotive in 1999 has been incorporated into its book value as at 31st December 2002. The directors consider that the residual value of the locomotive is in excess of its book value. Accordingly no depreciation will be charged unless this changes. Patterns for locomotive parts have not been depreciated as the directors consider their residual value to be not less than cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
equipment Patterns Locomotive equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st January 2024
and 31st December 2024 1,143 6,207 565,285 181 572,816
DEPRECIATION
At 1st January 2024
and 31st December 2024 1,143 - - 181 1,324
NET BOOK VALUE
At 31st December 2024 - 6,207 565,285 - 571,492
At 31st December 2023 - 6,207 565,285 - 571,492

Cost or valuation at 31st December 2024 is represented by:

Plant and Office
equipment Patterns Locomotive equipment Totals
£    £    £    £    £   
Valuation in 1999 - - 90,000 - 90,000
Cost 1,143 6,207 475,285 181 482,816
1,143 6,207 565,285 181 572,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,000 3,000
Prepayments and accrued income 8,752 764
11,752 3,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 855 145
VAT 1,300 2,300
Accrued expenses 1,249 1,249
3,404 3,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 680 560

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

£   
Other Loans

Mr O Daniels *100
Mr D Lucas *580
680

Other Loans : Represent loans not repayable within the foreseeable future
or (*) monies held for acquisition of shares

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
724 Ordinary £1 724 724

9. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1st January 2024 351,426 380,448 56,649 24 788,547
Profit for the year 43,324 43,324
At 31st December 2024 394,750 380,448 56,649 24 831,871

Share premium represents the excess price above nominal value that shares have been issued at.

The revaluation reserve represents the difference between the value of the locomotive in 1999 and its book cost at 31st December 2002.

The capital redemption reserve is equal to the number of shares gifted back to the company and is required to maintain the necessary non-distributable capital.

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.

BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

11. OTHER OPERATING INCOME

DONATIONS
£   
Mr M J Baldry 360
Mr N Oldfield 2000
Mr T Thorndike 100
R&R Clement 100
Sales stands 1033
Others 240
3833