The Esk Valley Railway Development Company Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04375880

THE ESK VALLEY RAILWAY DEVELOPMENT COMPANY

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

THE ESK VALLEY RAILWAY DEVELOPMENT COMPANY

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		211		281

CURRENT ASSETS

Debtors	6	1,500	19,625
Cash at bank and in hand		61,647	46,555
		---------	---------
		63,147	66,180

CREDITORS: amounts falling due within one year	7	40,023		44,291
		---------		---------
NET CURRENT ASSETS			23,124		21,889
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			23,335		22,170
			---------		---------
NET ASSETS			23,335		22,170
			---------		---------

THE ESK VALLEY RAILWAY DEVELOPMENT COMPANY

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Profit and loss account	23,335	22,170
	---------	---------
MEMBERS FUNDS	23,335	22,170
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 August 2025 , and are signed on behalf of the board by:

Mr A Williams - Chair

Chairman

Company registration number: 04375880

THE ESK VALLEY RAILWAY DEVELOPMENT COMPANY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Battersby House, Battersby, Great Ayton, North Yorkshire, TS9 6LU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover comprises of grants, subsidies and consultancy fees.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Grants and subsidies are recognised when the expenses they cover are incurred.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

5. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1 April 2024 and 31 March 2025	6,197
	-------
Depreciation
At 1 April 2024	5,916
Charge for the year	70
	-------
At 31 March 2025	5,986
	-------
Carrying amount
At 31 March 2025	211
	-------
At 31 March 2024	281
	-------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	700	1,230
Other debtors	800	18,395
	-------	---------
	1,500	19,625
	-------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	150	22,041
Corporation tax	290	304
Unexpired grants	38,540	21,056
Other creditors	1,043	890
	---------	---------
	40,023	44,291
	---------	---------