Company No:
Contents
| DIRECTOR | J Harper |
| REGISTERED OFFICE | C/O Smith & Williamson |
| 103 Colmore Row | |
| Birmingham | |
| B3 3AG | |
| United Kingdom |
| COMPANY NUMBER | 11895571 (England and Wales) |
| AUDITOR | S&W Partners Audit Limited |
| Statutory Auditor | |
| 103 Colmore Row | |
| Birmingham | |
| B3 3AG | |
| United Kingdom |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments |
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| 500,000 | 0 | |||
| Current assets | ||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| 4,011,302 | 2,777,552 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 446,364 | 669,023 | ||
| Total assets less current liabilities | 946,364 | 669,023 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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The financial statements of Rail Events International Limited (registered number:
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J Harper
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rail Events International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 103 Colmore Row, Birmingham, B3 3AG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Rail Events International Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
At the time of approving the financial statements, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
At 31 December 2025, Rail Events Inc, the Company's immediate parent company, had sufficient cash balances to maintain a positive cash position and meet the Company's liabilities as they fall due for at least 12 months from the date of approval of these accounts, based upon current expectations and Rail Events Inc not demanding the amounts owed to them. The Company is reliant on the continued financial support of Rail Events Inc and has been provided with a letter of support. which states that Rail Events Inc will not be seeking repayment of any amounts due to it for a minimum of 12 months from the date of approval of these accounts, if such an act would reduce the ability of the Company to meet any other financial commitments for the same period and that Rail Events Inc will provide continued financial support for a period of a minimum of 12 months from the date of approval of these accounts.
The director believes the Company will continue to be a going concern and these financial statements are accordingly prepared on the going concern basis.
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operated and generates income.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price Less costs to complete and sell. The impairment loss is recognised immediately in profit or Loss.
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company's cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the asserts of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
Investments
Investments in associates are held as fixed asset investments and are initially recognised at cost. Following initial recognition, investments in associates are measured at cost less any accumulated impairment losses.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| £ | £ | ||
| Stocks |
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| £ | £ | ||
| Trade debtors |
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| Amounts owed by Group undertakings |
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| Prepayments and accrued income |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Accruals and deferred income |
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| Corporation tax |
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| Other taxation and social security |
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Amounts owed to Group undertakings are repayable on demand and do not bear interest.
The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.
The audit report was signed by Stephen Drew on behalf of S&W Partners Audit Limited.
The Company's immediate parent undertaking is Rail Events Inc, a company registered in the United States of America.
The Company's ultimate controlling party is American Heritage Railways, a company registered in the United States of America.