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Registration number: 01762406

The 35006 Locomotive Company Ltd
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 December 2025

The 35006 Locomotive Company Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Abridged Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Abridged Balance Sheet | 6 to 7
Statement of Changes in Equity | 8
Notes to the Unaudited Abridged Financial Statements | 9 to 13

The 35006 Locomotive Company Ltd

Company Information

Chairman | Mr A I Marshall

Directors | Mr J Mcmillan Mr D Tomlin Mr C A Ardy Mr P A E Jennings Mr J Fancote

Registered office | 9 The Orchards Walwyn Road Colwall Malvern Worcs WR13 6JZ

Accountants | GC Accountancy Ltd Chartered Certified Accountants 43 Merstow Green Evesham Worcs WR11 4BB

The 35006 Locomotive Company Ltd

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the abridged financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr A I Marshall - Chairman

Mr J Mcmillan

Mr D Tomlin

Mr C A Ardy

Mr P A E Jennings

Mr J Fancote

Principal activity

The principal activity of the company is hiring out of Merchant Navy Class locomotive 35006 "Peninsula and Oriental S N Co"

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 8 May 2026 and signed on its behalf by:

......................................... Mr A I Marshall Chairman |  |

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The 35006 Locomotive Company Ltd
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The 35006 Locomotive Company Ltd for the year ended 31 December 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The 35006 Locomotive Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The 35006 Locomotive Company Ltd and state those matters that we have agreed to state to the Board of Directors of The 35006 Locomotive Company Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The 35006 Locomotive Company Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The 35006 Locomotive Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The 35006 Locomotive Company Ltd. You consider that The 35006 Locomotive Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The 35006 Locomotive Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
GC Accountancy Ltd
Chartered Certified Accountants
43 Merstow Green
Evesham
Worcs
WR11 4BB

8 May 2026

The 35006 Locomotive Company Ltd

Abridged Profit and Loss Account for the Year Ended 31 December 2025

| Note | 2025 £ | 2024 £
Gross profit |  | 55,029 | 60,444
Administrative expenses |  | (27,798) | (30,800)
Profit before tax | 4 | 27,231 | 29,644
Tax on profit |  | - | (1,127)
Profit for the financial year |  | 27,231 | 28,517

The above results were derived from continuing operations.

The 35006 Locomotive Company Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2025

| 2025 £ | 2024 £
Profit for the year | 27,231 | 28,517
Increase in forfeited shares | 1,362 | -
Total comprehensive income for the year | 28,593 | 28,517

The 35006 Locomotive Company Ltd

(Registration number: 01762406)
Abridged Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 542,225 | 559,913
Investments | 6 | 1,000 | 1,000
|  | 543,225 | 560,913
Current assets |  |  |
Stocks | 7 | 976 | 850
Debtors |  | 1,405 | -
Cash at bank and in hand |  | 433,426 | 372,567
|  | 435,807 | 373,417
Prepayments and accrued income |  | - | 9,509
Creditors: Amounts falling due within one year |  | (4,110) | (3,452)
Net current assets |  | 431,697 | 379,474
Total assets less current liabilities |  | 974,922 | 940,387
Accruals and deferred income |  | (535) | (1,527)
Net assets |  | 974,387 | 938,860
Capital and reserves |  |  |
Called up share capital | 8 | 396,494 | 391,541
Share premium reserve |  | 132,090 | 130,109
Revaluation reserve |  | 220,000 | 220,000
Other reserves |  | 5,865 | 4,503
Retained earnings |  | 219,938 | 192,707
Shareholders' funds |  | 974,387 | 938,860

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The 35006 Locomotive Company Ltd

(Registration number: 01762406)
Abridged Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 8 May 2026 and signed on its behalf by:

......................................... Mr A I Marshall Chairman | ......................................... Mr D Tomlin Director |

The 35006 Locomotive Company Ltd

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Share premium £ | Revaluation reserve £ | Other reserves £ | Retained earnings £ | Total £
At 1 January 2025 | 391,541 | 130,109 | 220,000 | 4,503 | 192,707 | 938,860
Profit for the year | - | - | - | - | 27,231 | 27,231
Other comprehensive income | - | - | - | 1,362 | - | 1,362
Total comprehensive income | - | - | - | 1,362 | 27,231 | 28,593
New share capital subscribed | 4,953 | 1,981 | - | - | - | 6,934
At 31 December 2025 | 396,494 | 132,090 | 220,000 | 5,865 | 219,938 | 974,387

| Share capital £ | Share premium £ | Revaluation reserve £ | Other reserves £ | Retained earnings £ | Total £
At 1 January 2024 | 381,579 | 126,124 | 220,000 | 4,503 | 164,190 | 896,396
Profit for the year | - | - | - | - | 28,517 | 28,517
New share capital subscribed | 9,962 | 3,985 | - | - | - | 13,947
At 31 December 2024 | 391,541 | 130,109 | 220,000 | 4,503 | 192,707 | 938,860

The 35006 Locomotive Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
9 The Orchards
Walwyn Road
Colwall
Malvern
Worcs
WR13 6JZ

The principal place of business is:
4 Glamorgan Road
Cheltenham
Gloucestershire
GL51 3JF

These financial statements were authorised for issue by the Board on 8 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The 35006 Locomotive Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Locomotion and tender | Straight line method over 30 years
Fixtures and fittings | 10% Reducing balance
Support rolling stock | Not depreciated

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

The company holds 100% of the equity in MN 35006 Operations Ltd

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The 35006 Locomotive Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 21,962 | 25,671

The 35006 Locomotive Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 792,078 | 792,078
Additions | 4,274 | 4,274
At 31 December 2025 | 796,352 | 796,352
Depreciation
At 1 January 2025 | 232,165 | 232,165
Charge for the year | 21,962 | 21,962
At 31 December 2025 | 254,127 | 254,127
Carrying amount
At 31 December 2025 | 542,225 | 542,225
At 31 December 2024 | 559,913 | 559,913

The 35006 Locomotive Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6 | Investments

| Total £
Cost or valuation
At 1 January 2025 | 1,000
Provision
Carrying amount
At 31 December 2025 | 1,000
At 31 December 2024 | 1,000

| 2025 £ | 2024 £

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 976 | 850

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 381,579 | 381,579 | 381,579 | 381,579

9 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Other reserves £ | Total £
Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences | 1,362 | 1,362