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REGISTERED NUMBER: 00655803 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 October 2025 |

| for |

| Lincolnshire Coast Light Railway Company |

| Limited |

| Lincolnshire Coast Light Railway Company |

| Limited (Registered number: 00655803) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Lincolnshire Coast Light Railway Company |

| Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | W A A Evison

| J R Chappell

| I F Ellis

| REGISTERED OFFICE: | 55 Burgh Road

| Skegness

| Lincolnshire

| PE25 2RJ

| REGISTERED NUMBER: | 00655803 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| Northgate House

| Northgate

| Sleaford

| Lincolnshire

| NG34 7BZ

| Lincolnshire Coast Light Railway Company |

| Limited (Registered number: 00655803) |

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 14,524 |  | 13,508 |  |

CURRENT ASSETS

Stocks | 1,701 |  | 1,569 |  |

Cash at bank and in hand | 12,064 |  | 11,666 |  |

13,765 |  | 13,235 |  |

CREDITORS

Amounts falling due within one year | 5 | 18,548 |  | 18,324 |  |

NET CURRENT LIABILITIES | (4,783 | ) | (5,089 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,741 |  | 8,419 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 2,100 |  | 2,100 |  |

Revaluation reserve | 7 | 10,000 |  | 10,000 |  |

Retained earnings | (2,359 | ) | (3,681 | ) |

SHAREHOLDERS' FUNDS | 9,741 |  | 8,419 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2026 and were signed on its behalf by:

J R Chappell - Director

| Lincolnshire Coast Light Railway Company |

| Limited (Registered number: 00655803) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Lincolnshire Coast Light 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 represents net invoiced sales of services, excluding value added tax.

| Tangible fixed assets

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

| Land and Buildings | - | not provided

| Plant and machinery | - | 25% on reducing balance

| Stocks

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

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| Going concern

| As at 31 October 2025 the company's net liabilities exceeded it's assets by £4,783 (2024: £5,089).

| The directors have agreed that they will continue to financially support the company's cash flow as necessary.

| On the basis described above, the directors consider it appropriate to prepare these financial statements on the going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

| Lincolnshire Coast Light Railway Company |

| Limited (Registered number: 00655803) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS

| Land and |  | Plant and |

| Buildings |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 1,250 |  | 16,574 |  | 17,824 |  |

| Additions | - |  | 1,941 |  | 1,941 |  |

| At 31 October 2025 | 1,250 |  | 18,515 |  | 19,765 |  |

| DEPRECIATION

| At 1 November 2024 | - |  | 4,316 |  | 4,316 |  |

| Charge for year | - |  | 925 |  | 925 |  |

| At 31 October 2025 | - |  | 5,241 |  | 5,241 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,250 |  | 13,274 |  | 14,524 |  |

| At 31 October 2024 | 1,250 |  | 12,258 |  | 13,508 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 224 |  | - |  |

| Other creditors | 18,324 |  | 18,324 |  |

18,548 |  | 18,324 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2,100 | Ordinary | £1 | 2,100 |  | 2,100 |  |

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 November 2024

| and 31 October 2025 | 10,000 |  |

8. | ULTIMATE CONTROLLING PARTY

| The company was under the control of the executors of F W J Ellis, W Woolhouse and W A A Evison during the year.