Vale of Rheidol Trading Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09146470 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Vale of Rheidol Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Ap Iolo

D W Evans

REGISTERED OFFICE:

Park Avenue

Aberystwyth

Ceredigion

SY23 1PG

REGISTERED NUMBER:

09146470 (England and Wales)

CURRENT ASSETS

Stocks

92,475

103,253

Debtors

4

151,455

202,635

Cash at bank

93,403

224,278

337,333

530,166

CREDITORS

Amounts falling due within one year

5

337,233

530,066

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

6

100

SHAREHOLDERS' FUNDS

100

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.

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 2 September 2025 and were signed on its behalf by:

L Ap Iolo - Director

1.	STATUTORY INFORMATION

Vale of Rheidol Trading Limited 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.

Turnover

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

Stocks

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

Other debtors (wip)

Work in progress is measured as the costs involved with the research and writing of various history and locomotive books which will be used by the company when complete.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

27,920

110,700

Other debtors

123,535

91,935

151,455

202,635

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

13

10,399

Amounts owed to group undertakings

327,950

499,085

Taxation and social security

5,385

16,882

Other creditors

3,885

3,700

337,233

530,066

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

7.	RELATED PARTY DISCLOSURES

Summary of transactions with parent

Parent company Vale of Rheidol Railway Limited

Included in other creditors is a balance of £327,950 (2023: £499,085) owed to the parent company.

8.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Vale of Rheidol Railway Limited, incorporated in England. Charity number 1076037, Company number 02188631.

The ultimate parent is Phyllis Rampton Narrow Gauge Railway Trust, Charity number 292240.

The most senior parent entity producing publicly available financial statements is Phyllis Rampton Narrow Gauge Railway Trust. These financial statements are available upon request from Park Avenue, Aberystwyth, Ceredigion, SY23 1PG.