REGISTERED NUMBER: 00191427 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Rolling Stock & Engineering Co.

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Eynon

B J Nicandrou

S E Feilder

K J Eynon

SECRETARY:

J H Eynon

REGISTERED OFFICE:

67 Bryher Island

Port Solent

PORTSMOUTH

Hampshire

PO6 4UF

REGISTERED NUMBER:

00191427 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Investment property

4

219,839

219,839

CURRENT ASSETS

Debtors

5

23,542

18,240

Investments

6

1,236,299

1,229,543

Cash at bank

385,528

215,457

1,645,369

1,463,240

CREDITORS

Amounts falling due within one year

7

41,902

33,288

NET CURRENT ASSETS

1,603,467

1,429,952

TOTAL ASSETS LESS CURRENT LIABILITIES

1,823,306

1,649,791

CAPITAL AND RESERVES

Called up share capital

8

36,000

36,000

Investment property

revaluation

88,092

88,092

Capital redemption reserve

49,000

49,000

Fair value reserve

330,048

330,048

Retained earnings

1,320,166

1,146,651

SHAREHOLDERS' FUNDS

1,823,306

1,649,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

K J Eynon - Director

1.	STATUTORY INFORMATION

The Rolling Stock & Engineering Co. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Income

Rental income is recognised in accordance with the contractual terms of the lease.

Royalty income is recognised in the period in which it is earned.

Tangible fixed assets

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

Tangible fixed assets are included at cost less accumulated depreciation.

Investment property

Investment properties are included at fair value and changes in fair value are recognised in profit and loss.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Investments

Fixed asset investments and current asset investments are stated at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

219,839

NET BOOK VALUE

At 31 March 2025

219,839

At 31 March 2024

219,839

Fair value at 31 March 2025 is represented by:

£

Valuation in 2011

65,276

Valuation in 2021

(9,906

)

Valuation in 2023

32,722

Cost

131,747

219,839

Investment property was valued by the directors as at 31 March 2023 on a fair value basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,052

2,942

Prepayments and accrued income

19,490

15,298

23,542

18,240

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

604,967

767,298

Unlisted investments

631,332

462,245

1,236,299

1,229,543

Listed Investments

Unlisted Investments

£

£

Initial Cost

767,298

462,245

FAIR VALUE

At 1 April 2024

767,298

462,245

Additions

56,883

-

Disposals

(263,643

)

-

Revaluation

44,429

169,087

At 31 March 2025

604,967

631,332

NET BOOK VALUE

At 31 March 2025

604,967

631,332

At 31 March 2024

767,298

462,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

41,902

33,288

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

36,000

Ordinary

£1

36,000

36,000