Company registration number 06804052 (England and Wales)
L S SHUNTERS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
L S SHUNTERS LIMITED
COMPANY INFORMATION
Director
Mr J Hosking
Company number
06804052
Registered office
Sixth Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT
Accountants
Arnold Hill & Co LLP
Sixth Floor
Capital Tower
91 Waterloo Road
London
SE1 8RT
L S SHUNTERS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents his annual report and f inancial s tatements for the year ended 31 March 2025.

Principal activities

The company owns BR Class 08 No 08780, BR Class 08 No 08483, BR Class 08 No 08631 and BR Class 08 No 08737, which are used for shunting rolling stock.

Director

The director who held office during the year and up to the date of signature of the f inancial s tatements was as follows:

Mr J Hosking

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr J Hosking
Director
14 August 2025
L S SHUNTERS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
2025
2024
£
£
Turnover
10,500
-
Administrative expenses
(110,796)
(136,734)
Loss before taxation
(100,296)
(136,734)
Taxation
-
0
-
0
Loss for the financial year
(100,296)
(136,734)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

L S SHUNTERS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
204,789
238,906
Current assets
Debtors
4
9,401
968
Creditors: amounts falling due within one year
5
(19,255)
(8,297)
Net current liabilities
(9,854)
(7,329)
Total assets less current liabilities
194,935
231,577
Capital and reserves
Called up share capital
11
10
Share premium account
761,373
697,720
Profit and loss reserves
(566,449)
(466,153)
Total equity
194,935
231,577

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 14 August 2025
Mr J Hosking
Director
Company Registration No. 06804052
L S SHUNTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

L S Shunters Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sixth Floor, Capital Tower, 91 Waterloo Road, London, SE1 8RT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The director has undertaken a number of scenario projections and remains satisfied that due to the continued support of the shareholder, the Company is able to meet its liabilities as they fall due over the next 12 months. Thus it has adopted the going concern basis in preparing the annual financial statements.

1.3
Turnover

The turnover shown in the profit and loss account comprises fees earned through the hiring out of the Company's BR Class 08 diesel locomotives, and represents amounts receivable during the period, exclusive of Value Added Tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Following a review of the entity's accounting policy, depreciation will be applied as described below.

Plant and machinery
10% straight line

An impairment review is conducted each year. Should any impairment or movement in impairment arise from this review, this will be charged to the profit and loss account in the period in which in occurs.

1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

L S SHUNTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (20 2 4 - 0).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
392,828
Depreciation and impairment
At 1 April 2024
153,922
Depreciation charged in the year
34,117
At 31 March 2025
188,039
Carrying amount
At 31 March 2025
204,789
At 31 March 2024
238,906
L S SHUNTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,460
-
0
Other debtors
3,941
968
9,401
968
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
19,255
8,297
6
Related party transactions

The Company does not have a bank account, and cash transactions are processed through Locomotive Services Limited, a company under common control which is incorporated in England and Wales. During the year, Locomotive Services Limited paid expenses on behalf of the Company of £81,296 (20 2 4: £125,606). Locomotive Services Limited also received income and VAT repayments on behalf of the Company of £14,001 (20 2 4: £20,746).

During the year, the Company issued an ordinary share to Mr J Hosking for a total of £63,654.

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