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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)
Page 1
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

The notes form part of these financial statements

Page 2 continued...
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


The notes form part of these financial statements

Page 3
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.

Page 4 continued...
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

Page 5 continued...
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).

Page 6