REGISTERED NUMBER: 13072334 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GOLDEN EAGLE LUXURY TRAINS DIRECT

LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

1,595,628

1,405,156

Cash at bank

573,152

308,668

2,168,780

1,713,824

CREDITORS

Amounts falling due within one year

5

(2,115,206

)

(1,663,490

)

NET CURRENT ASSETS

53,574

50,334

TOTAL ASSETS LESS CURRENT LIABILITIES

53,574

50,334

CAPITAL AND RESERVES

Called up share capital

314

314

Retained earnings

53,260

50,020

53,574

50,334

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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

T Littler - Director

1.	STATUTORY INFORMATION

Golden Eagle Luxury Trains Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13072334

Registered office:

Denzell House

Dunham Road

Bowdon

Altrincham

Cheshire

WA14 4QF

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

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 represents net invoiced sale of goods and services, excluding value added tax and is recognised at the date of departure.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

As in previous years tour activity in 2025 has been significantly impacted by the Russian invasion of Ukraine and the sanctions that followed. It has not been possible to run the Trans-Siberian programme since the invasion and this situation shows no sign of changing in the immediate future.

2025 was a year of consolidation as the business sought to increase the number of tours operated and to strengthen its order book and charter business. Due to this we have reported a profit after tax for the 2025 financial year

The company plans to grow its tour capacity in 2026 Funds are expected to be available to facilitate business growth if required to take advantage of the buoyant market conditions for the luxury train sector.

The Directors have the intention to sell Golden Eagle Luxury Trains Limited and Golden Eagle Luxury Trains Direct to a Luxury Trains operator, with the future intention of hiving across all trade of the entity to Golden Eagle Luxury Trains Direct.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Other debtors

1,595,628

1,405,156

Other debtors represent customer deposits held in trust accounts.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade creditors

47,737

41,192

Amounts owed to participating interests

1,233,569

702,392

Taxation and social security

760

1,016

Other creditors

833,140

918,890

2,115,206

1,663,490

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

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

(Unaudited)

£

£

T Littler

Balance outstanding at start of year

314

314

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

314

314

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T Littler.