Company No: 08064373 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J Thorpe

REGISTERED OFFICE	Unit 44 Binders Industrial Estate
	Cryers Hill
	High Wycombe
	Buckinghamshire
	HP15 6LJ
	United Kingdom

COMPANY NUMBER

08064373 (England and Wales)

ACCOUNTANT	S&W Partners (Thames Valley) Limited
	22 Wycombe End
	Beaconsfield
	Buckinghamshire
	HP9 1NB

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,580		3,438
		2,580		3,438
Current assets
Debtors	5	91,520		109,521
Cash at bank and in hand		274		7,057
		91,794		116,578
Creditors: amounts falling due within one year	6	( 43,729)		( 61,908)
Net current assets		48,065		54,670
Total assets less current liabilities		50,645		58,108
Creditors: amounts falling due after more than one year	7	( 30,908)		( 37,224)
Net assets		19,737		20,884
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		19,735		20,882
Total shareholder's funds		19,737		20,884

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Vintage Red Bus Company Limited (registered number: 08064373) were approved and authorised for issue by the Director on 12 September 2025. They were signed on its behalf by:

J Thorpe Director

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

The Vintage Red Bus Company 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 Unit 44 Binders Industrial Estate, Cryers Hill, High Wycombe, Buckinghamshire, HP15 6LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of The Vintage Red Bus Company Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Revenue arises from the provision of vehicle hire services. Revenue is recognised at the point of provision of the service.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 Statement of Income and Retained Earnings as described below.

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.

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 unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2024	22,630		8,421		31,051
At 31 December 2024	22,630		8,421		31,051
Accumulated depreciation
At 01 January 2024	22,630		4,983		27,613
Charge for the financial year	0		858		858
At 31 December 2024	22,630		5,841		28,471
Net book value
At 31 December 2024	0		2,580		2,580
At 31 December 2023	0		3,438		3,438

5. Debtors

	2024		2023
	£		£
Trade debtors	0		2,179
Amounts owed by Group undertakings	78,349		90,240
Other debtors	13,171		17,102
	91,520		109,521

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	27,540		7,483
Amounts owed to connected companies	0		12,000
Other creditors	16,189		42,425
	43,729		61,908

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	30,908		37,224

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

9. Ultimate controlling party

The ultimate parent of The Vintage Red Bus Company Limited is Thorpes Holdings Limited, a company incorporated and registered in the United Kingdom.