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Company registration number: 00943345







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED






































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IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 


 
COMPANY INFORMATION


The board of directors
B. F. Allan 
N. D. Allan 




Registered number
00943345



Registered office
Dial House
Govett Avenue

Shepperton

Middlesex

TW17 8AG




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
Lloyds Bank plc
Connaught House

Alexandra Terrace

Guildford

Surrey

KT22 8DY




Solicitors
Moore Barlow LLP
Concord House

165 Church Street East

Woking

Surrey

GU21 6HJ





 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
REGISTERED NUMBER:00943345



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,570
40,907

  
32,570
40,907

Current assets
  

Stocks
  
75
162

Debtors: amounts falling due within one year
 5 
6,420
1,154

Cash at bank and in hand
  
61,136
43,877

  
67,631
45,193

Creditors: amounts falling due within one year
 6 
(6,500)
(7,675)

Net current assets
  
 
 
61,131
 
 
37,518

Total assets less current liabilities
  
93,701
78,425

  

Net assets
  
93,701
78,425


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
93,601
78,325

  
93,701
78,425


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N. D. Allan
B. F. Allan
Director
Director


Date: 7 July 2025
Date:17 July 2025

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Ian Allan (Miniature Railway Supplies) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the Company information page. The Company's principal place of business is Hardwick Lane, Lyne, Chertsey, KT16 OAD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are in sterling and are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received for use of the railway and/or tea rooms, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & equipment comprising:

Equipment track and rolling stock
-
10%-20% per annum on cost
Site costs and structures
-
10% per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees




The average monthly number of employees, including directors, who received no remuneration during the year was 3 (2023 - 3).

Page 3

 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 December 2023
315,798



At 30 November 2024

315,798



Depreciation


At 1 December 2023
274,891


Charge for the year 
8,337



At 30 November 2024

283,228



Net book value



At 30 November 2024
32,570



At 30 November 2023
40,907


5.


Debtors

2024
2023
£
£


Trade debtors
100
25

Prepayments and accrued income
959
1,129

Deferred taxation
5,361
-

6,420
1,154



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
340
1,347

Other taxation and social security
2,018
2,035

Other creditors
456
318

Accruals and deferred income
3,686
3,975

6,500
7,675


Page 4

 


IAN ALLAN (MINIATURE RAILWAY SUPPLIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Contingencies

The Company has an available credit facility with Lloyds Bank plc with guarantees to secure the borrowings of other companies within the group. This facility was unused during the current and previous year.


8.


Ultimate parent company

The ultimate parent company is IAGP Limited which is registered in England and Wales. The immediate parent company is Ian Allan Group Limited.
Copies of the consolidated financial statements of IAGP Limited can be obtained from Dial House, Govett Avenue, Shepperton, Middlesex,TW17 8AG.
This is the largest and smallest group of undertakings for which consolidated financial statements are available.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 21 July 2005 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5