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REGISTERED NUMBER: 05542568 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2025

for

North Bay Railway Company Limited
SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT








North Bay Railway Company Limited (Registered number: 05542568)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Bay Railway Company Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr P M Bryant
Mr J M Kerr





REGISTERED OFFICE: Peasholm Station
Burniston Road
Scarborough
North Yorkshire
YO12 6PF





REGISTERED NUMBER: 05542568 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT
Page 1
North Bay Railway Company Limited (Registered number: 05542568)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,585 43,470

CURRENT ASSETS
Stocks 7,053 13,070
Debtors 5 678,559 316,681
Cash at bank and in hand 43,368 90,750
728,980 420,501
CREDITORS
Amounts falling due within one year 6 (550,604 ) (317,301 )
NET CURRENT ASSETS 178,376 103,200
TOTAL ASSETS LESS CURRENT LIABILITIES 215,961 146,670

CREDITORS
Amounts falling due after more than one
year
7
(25,392
)
(30,902
)

PROVISIONS FOR LIABILITIES (9,098 ) -
NET ASSETS 181,471 115,768

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 181,467 115,764
181,471 115,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 notes form part of these financial statements

Page 2 continued...
North Bay Railway Company Limited (Registered number: 05542568)

Balance Sheet - continued
31 January 2025


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 29 October 2025 and were signed on its behalf by:




Mr P M Bryant - Director



Mr J M Kerr - Director


The notes form part of these financial statements

Page 3
North Bay Railway Company Limited (Registered number: 05542568)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

North Bay Railway Company 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
North Bay Railway Company Limited (Registered number: 05542568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 116,277
Additions 4,768
At 31 January 2025 121,045
DEPRECIATION
At 1 February 2024 72,807
Charge for year 10,653
At 31 January 2025 83,460
NET BOOK VALUE
At 31 January 2025 37,585
At 31 January 2024 43,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 735 18,965
Amounts owed by group undertakings 647,798 170,811
Other debtors 30,026 126,905
678,559 316,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,440 5,293
Trade creditors 3,905 44,072
Amounts owed to group undertakings 256,883 141,140
Taxation and social security 29,720 20,854
Other creditors 254,656 105,942
550,604 317,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 25,392 30,902

Page 5 continued...
North Bay Railway Company Limited (Registered number: 05542568)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,925 8,013

8. RELATED PARTY DISCLOSURES

In the year, the Company advanced funds amounting to £537,000 (2024: £46,904) to Seaside Railway Group Ltd, the ultimate parent company. At the year end, the balance owed to the Company was £632,709 (2024: £95,709).

In the year, the Company received funds amounting to £60,013 (2024: £Nil) from Northstead Manor Ltd, a subsidiary company of Seaside Railway Group Ltd. At the year end, the balance owed to the Company was £15,089 (2024: £75,102).

In the year, the Company received funds amounting to £22,800 (2024: £12,000) and repaid funds amounting to £2,860 (2024: £9,655) from/to Boatmans Tavern Ltd, a subsidiary company of Seaside Railway Group Ltd. At the year end, the Company owed Boatmans Tavern Ltd £68,700 (2024: £48,759)

In the year, the Company received funds amounting to £126,188 (2024: £30,000) and repaid funds amounting to £30,386 (2024: £Nil) from/to Northstead Manor Gardens Leisure Ltd, a subsidiary company of Seaside Railway Group Ltd. At the year end, the Company owed Northstead Manor Gardens Leisure Ltd £188,183 (2024: £92,381)

In the year, the Company received funds amounting to £140,000 (2024: £Nil) from Cleethorpes Light Railway Ltd, a company controlled by the directors. The Company also made payments amounts to £30,899 (2024:£15,573) to Cleethorpes Light Railway Ltd. At the year end the Company owed Cleethorpes Light Railway Ltd £16,542 (2024: £92,559 debtor).

In the year, the Company received funds amounting to £118,000 (2024: £Nil) from Lakeside Station Ltd, a company controlled by the directors. At the year end, the Company owed Lakeside Station Ltd £118,000 (2024: Nil).

9. ULTIMATE CONTROLLING PARTY

The Company is a subsidiary of immediate parent Seaside Railway Group Ltd. The parent is not required to complete consolidated financial statements. The registered office of the parent is Lakeside Station, Kings Road, Cleethorpes, Lincolnshire, England, DN35 0AG.

Page 6