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Registered number: 01065002 MERSEYSIDE PASSENGER TRANSPORT SERVICES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
MERSEYSIDE PASSENGER TRANSPORT SERVICES LIMITED REGISTERED NUMBER: 01065002 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 400 |  | 45,025 |
|  | 400 |  | 45,025 |
Creditors: amounts falling due within one year | 5 | (375) |  | (45,000) |
Net current assets |  |  | 25 |  | 25
Total assets less current liabilities |  |  | 25 |  | 25
Net assets |  |  | 25 |  | 25
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 25 |  | 25
|  |  | 25 |  | 25
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2026.
R. J. McGuckin
Director
The notes on pages 2 to 4 form part of these financial statements. Page 1
MERSEYSIDE PASSENGER TRANSPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
Merseyside Passenger Transport Services Limited is a private limited company, limited by shares, incorporated in England and Wales. Its registered office is 1 Mann Island, Liverpool, Merseyside, L3 1BP. The company number is 01065002. The principal activity of the company is to operate a "Master Operating Lease Agreement" for rolling stock. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company's functional and presentational currency is GBP. The following principal accounting policies have been applied:
| 2.2 | Going concern
All rolling stock costs are recharged in full to Merseyrail Electrics 2002 Limited. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 2
MERSEYSIDE PASSENGER TRANSPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2025 - £NIL).
4. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 400 | 43,350
| Other debtors | - | 1,675
|  | 400 | 45,025
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accruals and deferred income | - | 44,625
| Share capital treated as debt | 375 | 375
|  | 375 | 45,000
6. | Related party transactions
| The parent undertaking provides management and administration services to the company free of charge. The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned group companies.
7. | Controlling party
The immediate and ultimate parent undertaking is Merseytravel. Copies of the accounts of Merseytravel may be obtained from 1 Mann Island, Liverpool, L3 1BP and are also available on their website. Page 3
MERSEYSIDE PASSENGER TRANSPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
8. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified. The audit report was signed on 13 August 2026 by Simon Whalley (Senior statutory auditor) on behalf of Langtons Professional Services Limited.
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