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Company No: 06529870 (England and Wales)

# RAILSITE HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

RAILSITE HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

RAILSITE HOLDINGS LIMITED

## BALANCE SHEET

As at 31 December 2024
RAILSITE HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 993,307 |  | 989,681
Investments | 4 | 3,638,663 |  | 3,640,696
|  | 4,631,970 |  | 4,630,377
Current assets |  |  |  |
Debtors | 5 | 2,799,150 |  | 3,210,331
Cash at bank and in hand |  | 640,568 |  | 198,327
|  | 3,439,718 |  | 3,408,658
Creditors: amounts falling due within one year | 6 | 0 |  | ( 9,126)
Net current assets |  | 3,439,718 |  | 3,399,532
Total assets less current liabilities |  | 8,071,688 |  | 8,029,909
Net assets |  | 8,071,688 |  | 8,029,909
Capital and reserves |  |  |  |
Called-up share capital |  | 272 |  | 272
Share premium account |  | 702,895 |  | 702,895
Profit and loss account |  | 7,368,521 |  | 7,326,742
Total shareholders' funds |  | 8,071,688 |  | 8,029,909

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Railsite Holdings Limited (registered number: 06529870) were approved and authorised for issue by the Board of Directors on 04 August 2025. They were signed on its behalf by:

A J C Elliman Director |

RAILSITE HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
RAILSITE HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Railsite Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 The Street, West Horsley, Leatherhead, KT24 6AX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 January 2024 | 989,681
Additions | 3,626
As at 31 December 2024 | 993,307

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £993,307 (2023 - £989,681).

#### 4. Fixed asset investments

Investments in subsidiaries

| 2024
| £
Cost |
At 01 January 2024 | 4,049,228
At 31 December 2024 | 4,049,228
Provisions for impairment |
At 01 January 2024 | 455,760
At 31 December 2024 | 455,760
Carrying value at 31 December 2024 | 3,593,468
Carrying value at 31 December 2023 | 3,593,468

| Investments in associates |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2024 | 47,228 |  | 47,228
Disposals | ( 2,033) |  | ( 2,033)
At 31 December 2024 | 45,195 |  | 45,195
Carrying value at 31 December 2024 | 45,195 |  | 45,195
Carrying value at 31 December 2023 | 47,228 |  | 47,228

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by Group undertakings | 2,689,895 |  | 3,207,206
Other debtors | 109,255 |  | 3,125
| 2,799,150 |  | 3,210,331

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Other creditors | 0 |  | 9,126

#### 7. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 January 2024, the balance owed by the director was £Nil. During the year, £156,234 was advanced to the director, and £46,979 was repaid by the director. At 31 December 2024, the balance owed by the director was £109,255.