Company registration number 8753647 (England and Wales)
LOCOMOTIVE STORAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LOCOMOTIVE STORAGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LOCOMOTIVE STORAGE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
15,030,559
13,746,773
Current assets
Debtors
5
606,769
1,178,007
Cash at bank and in hand
402,473
819,931
1,009,242
1,997,938
Creditors: amounts falling due within one year
6
(1,060,715)
(1,013,836)
Net current (liabilities)/assets
(51,473)
984,102
Net assets
14,979,086
14,730,875
Capital and reserves
Called up share capital
7
12
11
Share premium account
23,826,834
22,559,335
Profit and loss reserves
(8,847,760)
(7,828,471)
Total equity
14,979,086
14,730,875

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 August 2026 and are signed on its behalf by:
Mr J Hosking
Director
Company registration number 8753647 (England and Wales)
LOCOMOTIVE STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Locomotive Storage 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
Basis of preparation

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.

1.2
Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors have undertaken a number of scenario projections to understand the potential impact on the business and remain 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
Revenue

Turnover comprises rent and service charge receivable, along with the recharge of certain operating costs. It is recognised at the fair value of the consideration received or receivable, and is shown net of VAT and other sales related taxes.

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Over the 25 year length of the lease / 25 years
Plant and machinery
25% Straight Line
Fixtures, fittings & equipment
25% Straight Line
Computer equipment
25% Straight Line
Motor vehicles
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LOCOMOTIVE STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.6
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.

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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

LOCOMOTIVE STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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:

2026
2025
Number
Number
Total
8
6
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
18,262,255
971,480
19,233,735
Additions
2,064,170
121,747
2,185,917
At 31 March 2026
20,326,425
1,093,227
21,419,652
Depreciation and impairment
At 1 April 2025
4,737,957
749,005
5,486,962
Depreciation charged in the year
861,873
40,258
902,131
At 31 March 2026
5,599,830
789,263
6,389,093
Carrying amount
At 31 March 2026
14,726,595
303,964
15,030,559
At 31 March 2025
13,524,298
222,475
13,746,773
LOCOMOTIVE STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
380,965
711,046
Other debtors
225,804
466,961
606,769
1,178,007
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
390,265
324,772
Taxation and social security
5,123
8,312
Other creditors
665,327
680,752
1,060,715
1,013,836
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12
11
12
11
8
Operating lease commitments

Following an adjustment to the terms of the lease, at the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases,

2026
2025
£
£
Within one year
135,862
135,862
Between two and five years
543,446
543,446
In over five years
1,086,892
1,222,754
1,766,200
1,902,062
LOCOMOTIVE STORAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
9
Related party transactions

During the year, Mr J Hosking provided the Company with £1,267,499 (2025: £2,197,446) for operating cash flow. In addition, the Company issued 1 ordinary share to Mr J Hosking at a total value of £1,267,499 (2025: £2,197,446). As at 31 March 2026, Mr J Hosking was owed £nil (2025: £nil) by the Company.

During the year, the Company was charged rent expense of £135,862 (2025: £135,862) by Mr J Hosking.

During the year, the Company earned income of £84,473 (2025: £177,828) from London and North Western Railway Heritage Company Limited, a related undertaking. As at 31 March 2025, the Company was owed £nil (2025: £137,755) in relation to this.,

During the year, the Company earned income of £236,390 (2025: £160,123) from Locomotive Services Limited, a company under common control. As at 31 March 2025, the Company was owed £97,866 (2025: £267,068) in relation to this. As at 31 March 2025, Locomotive Services Limited owed the Company £nil (2025: £nil) in relation to expenses paid by the Company on behalf of Locomotive Services Limited.

During the year the Company earned income of £140,867 (2025: £114,125) from Locomotive Services (TOC) Limited, a company under common control. As at 31 March 2025, the Company was owed £68,550 (2025: £196,860) in relation to this.

During the year the Company earned income of £203,460 (2025: £200,000) from Royal Scot Locomotive and General Trust. As at 31 March 2025, the Company was owed £60,000 (2025: £nil) in relation to this.

The related party companies identified above are incorporated in England and Wales.

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