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REGISTERED NUMBER: 14993250 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024

FOR

VALLEY RAIL LTD

VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY RAIL LTD

COMPANY INFORMATION
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024







DIRECTORS: D J Nelson- Brown
K Nelson-Brown
D I Nelson
W A Nelson





REGISTERED OFFICE: Perrygrove Railway
Coleford
Gloucestershire
GL16 8QB





REGISTERED NUMBER: 14993250 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

BALANCE SHEET
31 DECEMBER 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 99,912
Tangible assets 5 144,749
244,661

CURRENT ASSETS
Stocks 2,185
Debtors 6 23,877
Cash at bank and in hand 28,527
54,589
CREDITORS
Amounts falling due within one year 7 286,176
NET CURRENT LIABILITIES (231,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,074

CREDITORS
Amounts falling due after more than one
year

8

(13,056

)

PROVISIONS FOR LIABILITIES (9,192 )
NET LIABILITIES (9,174 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings (9,274 )
SHAREHOLDERS' FUNDS (9,174 )

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

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

VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

BALANCE SHEET - continued
31 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 4 April 2025 and were signed on its behalf by:





D J Nelson- Brown - Director


VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Valley Rail Ltd 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.

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

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Revenue is shown net of
sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised each year based on the assumptions at that time. The low value of these at the year end has resulted in no amortisation being charged this year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Rolling railway stock - 2% on cost
Computer equipment - 33% on 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 period 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.


VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through cash generated from operations and shareholder borrowings.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 108,995 5 109,000
At 31 December 2024 108,995 5 109,000
AMORTISATION
Charge for period 9,083 5 9,088
At 31 December 2024 9,083 5 9,088
NET BOOK VALUE
At 31 December 2024 99,912 - 99,912

VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Rolling
Plant and railway Computer
machinery stock equipment Totals
£    £    £    £   
COST
Additions 6,815 139,800 625 147,240
At 31 December 2024 6,815 139,800 625 147,240
DEPRECIATION
Charge for period 510 1,837 144 2,491
At 31 December 2024 510 1,837 144 2,491
NET BOOK VALUE
At 31 December 2024 6,305 137,963 481 144,749

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,927
Other debtors 21,950
23,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 23,842
Other creditors 262,334
286,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 13,056

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 18,000
Between one and five years 72,000
In more than five years 75,000
165,000

VALLEY RAIL LTD (REGISTERED NUMBER: 14993250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 JULY 2023 TO 31 DECEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary A £1.00 10
90 Ordinary B £1.00 90
100

The following shares were allotted and fully paid for cash at par during the period:

10 Ordinary A shares of £1.00 each
90 Ordinary B shares of £1.00 each

11. RELATED PARTY DISCLOSURES

During the period the directors made an interest free loan to the company. The balance as at 31 December 2024 was £241,812.