Narrow Gauge Railway Society

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09925208

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		250		250
Tangible Assets	5		30,302		30,302

			30,552		30,552
CURRENT ASSETS
Stocks	6	1,500		1,500
Cash at bank and in hand		94,047		90,587

		95,547		92,087
Creditors: Amounts Falling Due Within One Year	7	(10,851 )		(10,867 )

NET CURRENT ASSETS (LIABILITIES)			84,696		81,220

TOTAL ASSETS LESS CURRENT LIABILITIES			115,248		111,772

NET ASSETS			115,248		111,772

Income and Expenditure Account			115,248		111,772

MEMBERS' FUNDS			115,248		111,772

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Narrow Gauge Railway Society

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Stephen Barber

Director

1 April 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Narrow Gauge Railway Society is a private company, limited by guarantee, incorporated in England & Wales, registered number 09925208 . The registered office is Tudor Lodge, Augustine Road, Minster on Sea, Sheerness, Kent, ME12 2LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to income and expenditure account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	25% straight line
Leasehold	Not depreciated
Plant & Machinery	33% straight line
Motor Vehicles	33% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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Narrow Gauge Railway Society

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	250

As at 31 December 2025	250

Net Book Value
As at 31 December 2025	250

As at 1 January 2025	250

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	30,302	617	1,754	32,673

As at 31 December 2025	30,302	617	1,754	32,673

Depreciation
As at 1 January 2025	-	617	1,754	2,371

As at 31 December 2025	-	617	1,754	2,371

Net Book Value
As at 31 December 2025	30,302	-	-	30,302

As at 1 January 2025	30,302	-	-	30,302

6. Stocks

	2025	2024
	£	£
Stock	1,500	1,500

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	368	383
Other creditors	10,483	10,484

	10,851	10,867

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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