Company registration number 09366820 (England and Wales)
LOCOMOTIVE DIESELS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LOCOMOTIVE DIESELS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,719,909
4,107,992
Current assets
Debtors
5
21,969
71,837
Cash at bank and in hand
107,664
48,797
129,633
120,634
Creditors: amounts falling due within one year
6
(101,617)
(232,666)
Net current assets/(liabilities)
28,016
(112,032)
Net assets
3,747,925
3,995,960
Capital and reserves
Called up share capital
109
108
Share premium account
9,729,690
9,186,864
Profit and loss reserves
(5,981,874)
(5,191,012)
Total equity
3,747,925
3,995,960

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 June 2026
Mr J Hosking
Director
Company registration number 09366820 (England and Wales)
LOCOMOTIVE DIESELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Locomotive Diesels Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sixth Floor, Capital Tower, 91 Waterloo Road, London, SE1 8RT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The director has undertaken a number of scenario projections to understand the potential impact on the business and remains satisfied that due to the continued support of the shareholder, the Company is able to meet its liabilities as they fall due over the next 12 months. Thus it has adopted the going concern basis in preparing the annual financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Following a review of the entity's accounting policy, depreciation will be applied as described below.

Plant and machinery
10% straight line

An impairment review is conducted each year. Should any impairment or movement in impairment arise from this review, this will be charged to the profit and loss account in the period in which it occurs.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LOCOMOTIVE DIESELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 - (20 25 - 0).

LOCOMOTIVE DIESELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
8,096,502
Additions
145,707
Disposals
(60,000)
At 31 March 2026
8,182,209
Depreciation and impairment
At 1 April 2025
3,988,510
Depreciation charged in the year
307,612
Impairment losses
166,178
At 31 March 2026
4,462,300
Carrying amount
At 31 March 2026
3,719,909
At 31 March 2025
4,107,992
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
21,969
71,837
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
98,647
227,877
Taxation and social security
-
0
1,329
Other creditors
2,970
3,460
101,617
232,666
LOCOMOTIVE DIESELS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
7
Related party transactions

During the year, the director provided operating cashflow to the Company totalling £542,82 7 (202 5: £941,221).

During the year, one share was issued to Mr J Hosking for total consideration of £542,82 7.

The Company earned gross income totalling £219,750 (202 5: £266,000) during the year from the following companies, all entities under common control:

- Locomotive Intercity Limited

- Locomotive Services Limited

- Locomotive Services (TOC) Limited

- Saphos Train Travel Limited

- Statesman Rail Limited

- The Steam Dreams Rail Co Limited

At the year end, Locomotive Services (TOC) Limited owed £nil (202 5: £24,000); no other amounts were outstanding (2025: no other amounts).

The Company earned gross income totalling £nil (202 5: £61,707) from Royal Scot Locomotive & General Trust, a related undertaking. At the year end, £nil (202 5: £8,049) was outstanding.

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