Merseyside Model Railway Society

Merseyside Model Railway Society
Registered number:		08346072
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		88,946			88,711

Current assets
Stocks		2,800			3,200
Cash at bank and in hand		19,796			84,634
Legacy shares (CBA)		8,675			-
HSBC MMRS BMM savings account		105,659			103,384
Lloyds MMRS legacy account		26			76,911
Enterprise credit union accounts		50,000			-
LLoyds MMRS deposit account		77,408			-
HSBC MMRS shop account		878			975
		265,242			269,104


Net current assets			265,242			269,104

Net assets			354,188			357,815

Capital and reserves
Revaluation reserve	4		51,668			51,668
Profit and loss account			302,520			306,147

Shareholders' funds			354,188			357,815

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Nigel David Greenwood			Mr Stuart McBain
Director/Treasurer			Secretary
Approved by the board on 29 September 2025

Merseyside Model Railway Society
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 August 2024	88,074		1,081		89,155
	Additions	-		870		870
	At 31 July 2025	88,074		1,951		90,025

	Depreciation
	At 1 August 2024	-		444		444
	Charge for the year	-		635		635
	At 31 July 2025	-		1,079		1,079

	Net book value
	At 31 July 2025	88,074		872		88,946
	At 31 July 2024	88,074		637		88,711




4	Revaluation reserve			2025		2024
£					£

	At 1 August 2024			51,668		51,668

	At 31 July 2025			51,668		51,668


5	Other information

	Merseyside Model Railway Society is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 14 Century Building
	Tower Street
	Liverpool
	Merseyside
	L3 4BJ