REGISTERED NUMBER: 07569729 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FFESTINIOG FUTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Broyd

J L Alexander

R D Holton

N F Burbidge

Dr D R Gwyn

Dr J D C A Prideaux

SECRETARY:

R D Holton

REGISTERED OFFICE:

Festiniog Railway Company

Harbour Station

Porthmadog

Gwynedd

LL49 9NF

REGISTERED NUMBER:

07569729 (England and Wales)

AUDITORS:

Williams Denton Cyf

Chartered Certified Accountants

Statutory Auditors

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Investments

4

5

5

CURRENT ASSETS

Debtors

5

95

95

NET CURRENT ASSETS

95

95

TOTAL ASSETS LESS CURRENT LIABILITIES

100

100

CAPITAL AND RESERVES

Called up share capital

100

100

SHAREHOLDERS' FUNDS

100

100

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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

N F Burbidge - Director

1.	STATUTORY INFORMATION

Ffestiniog Futures 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

5

NET BOOK VALUE

At 31 December 2025

5

At 31 December 2024

5

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

95

95

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Steven Barrett (Senior Statutory Auditor)

for and on behalf of Williams Denton Cyf

7.	ULTIMATE CONTROLLING PARTY

The controlling party is The Ffestiniog & Welsh Highlands Railway Trust.