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REGISTERED NUMBER: 11718121 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

N Gauge Society Limited

N Gauge Society Limited (Registered number: 11718121)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

N Gauge Society Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mr A Frost

| Mr A Woodruff

| Mr I Kendall

| SECRETARY: | Mr A Woodruff

| REGISTERED OFFICE: | Lewis House

| Great Chesterford Court

| Great Chesterford

| Essex

| CB10 1PF

| REGISTERED NUMBER: | 11718121 (England and Wales)

N Gauge Society Limited (Registered number: 11718121)

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 34,500 |  | 34,500 |  |

Tangible assets | 6 | 15,695 |  | 32,780 |  |

50,195 |  | 67,280 |  |

CURRENT ASSETS

Stocks | 210,447 |  | 250,632 |  |

Debtors | 7 | 3,797 |  | 5,163 |  |

Cash at bank and in hand | 46,123 |  | 8,293 |  |

260,367 |  | 264,088 |  |

CREDITORS

Amounts falling due within one year | 8 | 109,748 |  | 113,248 |  |

NET CURRENT ASSETS | 150,619 |  | 150,840 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 200,814 |  | 218,120 |  |

RESERVES

Income and expenditure account | 200,814 |  | 218,120 |  |

200,814 |  | 218,120 |  |

N Gauge Society Limited (Registered number: 11718121)

Balance Sheet - continued

31 December 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 14 April 2026 and were signed on its behalf by:

Mr I Kendall - Director

N Gauge Society Limited (Registered number: 11718121)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| N Gauge Society Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

| Subscriptions are recognised on receipt and attributed to the financial years to which they relate.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, was being amortised evenly over its estimated useful life of seven years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are due to be amortised once the production run is received and the product starts to be shipped.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost and 20% on cost

| Stocks

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

N Gauge Society Limited (Registered number: 11718121)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Taxation

| The company is treated for corporation tax purposes as being mutually trading and is not liable to U.K. corporation tax on its trading profits.

4. | EMPLOYEES AND DIRECTORS

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

5. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 6,000 |  | 34,500 |  | 40,500 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 6,000 |  | - |  | 6,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 34,500 |  | 34,500 |  |

| At 31 December 2024 | - |  | 34,500 |  | 34,500 |  |

N Gauge Society Limited (Registered number: 11718121)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 171,422 |  |

| Additions | 645 |  |

| At 31 December 2025 | 172,067 |  |

| DEPRECIATION

| At 1 January 2025 | 138,642 |  |

| Charge for year | 17,730 |  |

| At 31 December 2025 | 156,372 |  |

| NET BOOK VALUE

| At 31 December 2025 | 15,695 |  |

| At 31 December 2024 | 32,780 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 150 |  | 105 |  |

| Other debtors | 3,647 |  | 5,058 |  |

3,797 |  | 5,163 |  |

| Other debtors disclosed above consists of £3,647 (2024 - £5,058) in relation to prepayments.

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

2025 | 2024 |

£ | £ |

| Trade creditors | 3,231 |  | 1,314 |  |

| Taxation and social security | 4,852 |  | 2,068 |  |

| Other creditors | 101,665 |  | 109,866 |  |

109,748 |  | 113,248 |  |

| Other creditors includes accruals of £413 (2024 - £600), deferred income of £87,288 (2024 - £86,500), director's loan of £Nil (2024 - £10,185) and deposits received of £13,964 (2024 - £12,581).