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Company Registration No. 07748903 (England and Wales)
PRAGUE TRAINS LIMITED Unaudited accounts for the year ended 31 May 2025
PRAGUE TRAINS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PRAGUE TRAINS LIMITED Company Information for the year ended 31 May 2025
Directors
Martin L Cook Annabel J Cook
Company Number
07748903 (England and Wales)
Registered Office
MITRE HOUSE 2 BOND STREET IPSWICH IP4 1JE
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PRAGUE TRAINS LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
97,773
97,773
Tangible assets
5
45,073
51,899
Investments
6
50,000
-
192,846
149,672
Current assets
Debtors
7
-
218
Cash at bank and in hand
12,076
16,286
12,076
16,504
Creditors: amounts falling due within one year
8
(27,039)
(16,831)
Net current liabilities
(14,963)
(327)
Net assets
177,883
149,345
Capital and reserves
Called up share capital
100
100
Profit and loss account
177,783
149,245
Shareholders' funds
177,883
149,345
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2026 and were signed on its behalf by
Annabel J Cook Director Company Registration No. 07748903
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PRAGUE TRAINS LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
PRAGUE TRAINS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07748903. The registered office is MITRE HOUSE 2, BOND STREET, IPSWICH, IP4 1JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line Basis
Computer equipment
20% Straight Line Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 June 2024
76,721
21,052
97,773
At 31 May 2025
76,721
21,052
97,773
Amortisation
At 1 June 2024
-
-
-
At 31 May 2025
-
-
-
Net book value
At 31 May 2025
76,721
21,052
97,773
At 31 May 2024
76,721
21,052
97,773
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PRAGUE TRAINS LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
49,175
2,152
24,303
75,630
Additions
-
-
3,273
3,273
At 31 May 2025
49,175
2,152
27,576
78,903
Depreciation
At 1 June 2024
3,945
1,748
18,038
23,731
Charge for the year
7,890
124
2,085
10,099
At 31 May 2025
11,835
1,872
20,123
33,830
Net book value
At 31 May 2025
37,340
280
7,453
45,073
At 31 May 2024
45,230
404
6,265
51,899
6
Investments
Other investments
£
Valuation at 1 June 2024
-
Additions
50,000
Valuation at 31 May 2025
50,000
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
218
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(39)
-
Trade creditors
15,443
11,105
Taxes and social security
11,955
6,046
Other creditors
(320)
(320)
27,039
16,831
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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