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REGISTERED NUMBER: 15869990 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Period 1 August 2024 to 31 August 2025

for

ON THE RAIL (MIDLANDS) LIMITED

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Contents of the Financial Statements

for the Period 1 August 2024 to 31 August 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Balance Sheet | 3 |

Statement of Changes in Equity | 4 |

Notes to the Financial Statements | 5 |

Chartered Accountants' Report | 7 |

| ON THE RAIL (MIDLANDS) LIMITED |

Company Information

for the Period 1 August 2024 to 31 August 2025

| DIRECTOR: | A D Aston

| REGISTERED OFFICE: | 154 Griffiths Drive

| Ashmore Park

| Wednesfield

| Wolverhampton

| West Midlands

| WV11 2JP

| REGISTERED NUMBER: | 15869990 (England and Wales)

| ACCOUNTANTS: | CHEADLES

| Chartered Accountants

| Telegraph House

| 59 Wolverhampton Road

| Stafford

| Staffordshire

| ST17 4AW

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Report of the Director

for the Period 1 August 2024 to 31 August 2025

The director presents his report with the financial statements of the company for the period 1 August 2024 to 31 August 2025.

INCORPORATION

The company was incorporated on 1 August 2024 and commenced trading on the same date.

DIRECTOR

A D Aston was appointed as a director on 1 August 2024 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A D Aston - Director

17 March 2026

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Balance Sheet

31 August 2025

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 4 | 22,719 |  |

| CURRENT ASSETS

| Debtors | 5 | 6,342 |  |  |

| Cash at bank | 15,730 |  |  |

22,072 |  |

| CREDITORS

| Amounts falling due within one year | 6 | 18,469 |  |

| NET CURRENT ASSETS | 3,603 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 26,322 |  |

| PROVISIONS FOR LIABILITIES | 133 |  |

| NET ASSETS | 26,189 |  |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| Share premium | 22,073 |  |

| Retained earnings | 4,016 |  |

26,189 |  |

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 March 2026 and were signed by:

A D Aston - Director

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Statement of Changes in Equity

for the Period 1 August 2024 to 31 August 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Changes in equity

Issue of share capital | 100 |  | - |  | 22,073 |  | 22,173 |  |

Dividends | - |  | (43,800 | ) | - |  | (43,800 | ) |

Total comprehensive income | - |  | 47,816 |  | - |  | 47,816 |  |

Balance at 31 August 2025 | 100 |  | 4,016 |  | 22,073 |  | 26,189 |  |

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Notes to the Financial Statements

for the Period 1 August 2024 to 31 August 2025

1. | STATUTORY INFORMATION

| On the Rail (Midlands) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 1 .

ON THE RAIL (MIDLANDS) LIMITED (REGISTERED NUMBER: 15869990) |

Notes to the Financial Statements - continued

for the Period 1 August 2024 to 31 August 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 7,761 |  |

| Transfer to ownership | 22,073 |  |

| At 31 August 2025 | 29,834 |  |

| DEPRECIATION

| Charge for period | 7,115 |  |

| At 31 August 2025 | 7,115 |  |

| NET BOOK VALUE

| At 31 August 2025 | 22,719 |  |

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

£ |

| Trade debtors | 4,547 |  |

| Other debtors | 1,795 |  |

6,342 |  |

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

£ |

| Bank loans and overdrafts | 2,675 |  |

| Trade creditors | 154 |  |

| Taxation and social security | 13,203 |  |

| Other creditors | 2,437 |  |

18,469 |  |

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

On the Rail (Midlands) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of On the Rail (Midlands) Limited for the period ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of On the Rail (Midlands) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of On the Rail (Midlands) Limited and state those matters that we have agreed to state to the director of On the Rail (Midlands) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than On the Rail (Midlands) Limited and its director for our work or for this report.

It is your duty to ensure that On the Rail (Midlands) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of On the Rail (Midlands) Limited. You consider that On the Rail (Midlands) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of On the Rail (Midlands) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

17 March 2026