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REGISTERED NUMBER: 01136834 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Shackerstone Railway Society Limited

Shackerstone Railway Society Limited (Registered number: 01136834)






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

Chartered Accountants' Report 7

Shackerstone Railway Society Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A M Lock
S Powell
Dr R J Marcus
D Nelmes
G R Watkins
T L Skinner





SECRETARY: Mrs S D Watkins





REGISTERED OFFICE: Shackerstone Station
Station Road
Shackerstone
Nuneaton
Warwickshire
CV13 6NW





REGISTERED NUMBER: 01136834 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Shackerstone Railway Society Limited (Registered number: 01136834)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 224,270 228,733
Investments 5 1,251,866 1,251,866
1,476,136 1,480,599

CURRENT ASSETS
Stocks 35,989 26,176
Debtors 6 34,559 42,063
Cash at bank and in hand 26,574 29,539
97,122 97,778
CREDITORS
Amounts falling due within one year 7 (176,210 ) (163,178 )
NET CURRENT LIABILITIES (79,088 ) (65,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,397,048

1,415,199

CREDITORS
Amounts falling due after more than one
year

8

(4,812

)

(14,951

)
NET ASSETS 1,392,236 1,400,248

RESERVES
Revaluation reserve 10 56,206 56,206
Income and expenditure account 1,336,030 1,344,042
1,392,236 1,400,248

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 surplus or deficit 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.

Shackerstone Railway Society Limited (Registered number: 01136834)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Dr R J Marcus - Director


Shackerstone Railway Society Limited (Registered number: 01136834)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Shackerstone Railway Society Limited is a private company, limited by guarantee , 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.

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

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Rolling stock - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Investments
Investments are valued at revalued amounts less provision for any impairment in the value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Shackerstone Railway Society Limited (Registered number: 01136834)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Rolling
machinery fittings stock Totals
£    £    £    £   
COST
At 1 January 2024 114,829 58,012 314,252 487,093
Additions 3,829 3,411 - 7,240
At 31 December 2024 118,658 61,423 314,252 494,333
DEPRECIATION
At 1 January 2024 105,720 38,239 114,401 258,360
Charge for year 1,941 3,477 6,285 11,703
At 31 December 2024 107,661 41,716 120,686 270,063
NET BOOK VALUE
At 31 December 2024 10,997 19,707 193,566 224,270
At 31 December 2023 9,109 19,773 199,851 228,733

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,251,866
NET BOOK VALUE
At 31 December 2024 1,251,866
At 31 December 2023 1,251,866

The directors consider the carrying value to not be materially different from the market value of the investment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,862 20,052
VAT 16,054 13,867
Prepayments 10,643 8,144
34,559 42,063

Shackerstone Railway Society Limited (Registered number: 01136834)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,768 33,808
Other creditors 17,050 17,050
Amounts owed to group undertakings 89,080 70,483
Accrued expenses 46,312 31,837
176,210 163,178

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,812 10,000
Bank loans - 2-5 years - 4,951
4,812 14,951

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,812 24,951

The bank loan is secured against the whole of the railway freehold.

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 56,206

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shackerstone Railway Society Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shackerstone Railway Society Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shackerstone Railway Society Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shackerstone Railway Society Limited and state those matters that we have agreed to state to the Board of Directors of Shackerstone Railway Society Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shackerstone Railway Society Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shackerstone Railway Society Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shackerstone Railway Society Limited. You consider that Shackerstone Railway Society Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shackerstone Railway Society Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


9 June 2025