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REGISTERED NUMBER: 02804042 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TREASURE TRAIN LTD

TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREASURE TRAIN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







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





SECRETARY: D J Nelson- Brown





REGISTERED OFFICE: Perrygrove Railway
Coleford
Gloucestershire
GL16 8QB





REGISTERED NUMBER: 02804042 (England and Wales)





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

TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 248,828 265,490

CURRENT ASSETS
Stocks 23,140 25,025
Debtors 5 27,429 6,253
Cash at bank 4,285 34,753
54,854 66,031
CREDITORS
Amounts falling due within one year 6 83,021 79,529
NET CURRENT LIABILITIES (28,167 ) (13,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,661

251,992

CREDITORS
Amounts falling due after more than one
year

7

69,196

91,320
NET ASSETS 151,465 160,672

CAPITAL AND RESERVES
Called up share capital 9 170,000 170,000
Retained earnings (18,535 ) (9,328 )
SHAREHOLDERS' FUNDS 151,465 160,672

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

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

TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)

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 Income Statement 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


TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)

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

1. STATUTORY INFORMATION

Treasure Train 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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold land railway infrastructure - at varying rates on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Rolling railway stock - at varying rates on cost

Tangible fixed assets are stated in the Balance Sheet at cost less any subsequent accumulated depreciation and impairment losses.

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is
determined using the first-in, first-out (FIFO) method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
land Fixtures Rolling
railway Plant and and railway
infrastructure machinery fittings stock Totals
£    £    £    £    £   
COST
At 1 January 2024 109,850 54,681 81,617 182,667 428,815
Additions - 2,080 1,559 - 3,639
At 31 December 2024 109,850 56,761 83,176 182,667 432,454
DEPRECIATION
At 1 January 2024 63,419 26,669 38,914 34,323 163,325
Charge for year 1,699 4,244 8,241 6,117 20,301
At 31 December 2024 65,118 30,913 47,155 40,440 183,626
NET BOOK VALUE
At 31 December 2024 44,732 25,848 36,021 142,227 248,828
At 31 December 2023 46,431 28,012 42,703 148,344 265,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,609 6,253
Other debtors 5,820 -
27,429 6,253

TREASURE TRAIN LTD (REGISTERED NUMBER: 02804042)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,027 3,076
Trade creditors 25,016 18,720
Taxation and social security 31,222 28,760
Other creditors 20,756 28,973
83,021 79,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,617 35,594
Other creditors 42,579 55,726
69,196 91,320

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 56,895 69,334

The loan is secured by a debenture dated 24 March 2026 covering all of the company's property and assets for all monies due on this loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
170,000 Ordinary £1 170,000 170,000

10. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. At the year end the balance on the loan was £1,576 (2023: £Nil).

The carrying amount of the Founders loan at the year-end is £56,895 (2023: £69,334). This loan is secured by a debenture dated 24 March 2006.