Lakeside & Haverthwaite Railway Co Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00975745

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Lakeside & Haverthwaite Railway Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Maher

Mr S J Maher

Mr G D Magee

Mrs K M Maher

Mr A C Maher

Mr J P Maher

SECRETARY:

Mr M A Maher

REGISTERED OFFICE:

Haverthwaite Station

Newby Bridge

Nr Ulverston

Cumbria

LA12 8AL

REGISTERED NUMBER:

00975745

ACCOUNTANTS:

Haywoods

2nd Floor

11A Institute Street

Bolton

BL1 1PZ

BANKERS:

HSBC Bank plc

104 Duke Street

Barrow in Furness

Cumbria

LA14 1LR

FIXED ASSETS

Tangible assets

4

581,635

311,024

CURRENT ASSETS

Stocks

40,481

47,189

Debtors

5

101,122

143,565

Cash at bank and in hand

558,557

374,126

700,160

564,880

CREDITORS

Amounts falling due within one year

6

(331,740

)

(158,371

)

NET CURRENT ASSETS

368,420

406,509

TOTAL ASSETS LESS CURRENT
LIABILITIES

950,055

717,533

CREDITORS

Amounts falling due after more than one
year

7

(2,500

)

(17,527

)

NET ASSETS

947,555

700,006

CAPITAL AND RESERVES

Called up share capital

50,416

Share premium

140,574

Retained earnings

756,565

509,016

SHAREHOLDERS' FUNDS

947,555

700,006

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 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 Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

Mrs K M Maher - Director

1.	STATUTORY INFORMATION

Lakeside & Haverthwaite Railway Co Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 10% 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

422,071

551,956

974,027

Additions

-

315,012

Disposals

-

(2,750

)

(2,750

)

At 31 December 2025

422,071

864,218

1,286,289

DEPRECIATION

At 1 January 2025

208,353

454,650

663,003

Charge for year

14,756

29,529

44,285

Eliminated on disposal

-

(2,634

)

(2,634

)

At 31 December 2025

223,109

481,545

704,654

NET BOOK VALUE

At 31 December 2025

198,962

382,673

581,635

At 31 December 2024

213,718

97,306

311,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

(385

)

3,195

Other debtors

101,507

140,370

101,122

143,565

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,261

7,800

Hire purchase contracts

10,000

Trade creditors

64,030

-

Taxation and social security

40,951

46,299

Other creditors

213,498

94,272

331,740

158,371

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

-

5,027

Hire purchase contracts

2,500

12,500

2,500

17,527

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank Loan

3,260

12,827

The bank loan is secured by a debenture, including an equitable charge over all present and future freehold and leasehold property, together with a first fixed & floating charge over all debts owed to the company and all assets and undertakings of the company.