Registration number:
The 35006 Locomotive Company Ltd
for the Year Ended 31 December 2025
The 35006 Locomotive Company Ltd
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
The 35006 Locomotive Company Ltd
Company Information
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Chairman |
Mr A I Marshall |
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Directors |
Mr J Mcmillan Mr D Tomlin Mr C A Ardy Mr P A E Jennings Mr J Fancote |
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Registered office |
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Accountants |
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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:
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
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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.
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43 Merstow Green
Evesham
Worcs
WR11 4BB
The 35006 Locomotive Company Ltd
Abridged Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Gross profit |
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Administrative expenses |
( |
( |
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Profit before tax |
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Tax on profit |
- |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The 35006 Locomotive Company Ltd
Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
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Profit for the year |
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Increase in forfeited shares |
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- |
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Total comprehensive income for the year |
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The 35006 Locomotive Company Ltd
(Registration number: 01762406)
Abridged Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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- |
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Cash at bank and in hand |
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Prepayments and accrued income |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
396,494 |
391,541 |
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Share premium reserve |
132,090 |
130,109 |
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Revaluation reserve |
220,000 |
220,000 |
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Other reserves |
5,865 |
4,503 |
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Retained earnings |
219,938 |
192,707 |
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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:
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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
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The 35006 Locomotive Company Ltd
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Share premium |
Revaluation reserve |
Other reserves |
Retained earnings |
Total |
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At 1 January 2025 |
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Profit for the year |
- |
- |
- |
- |
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Other comprehensive income |
- |
- |
- |
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- |
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Total comprehensive income |
- |
- |
- |
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New share capital subscribed |
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- |
- |
- |
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At 31 December 2025 |
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Share capital |
Share premium |
Revaluation reserve |
Other reserves |
Retained earnings |
Total |
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At 1 January 2024 |
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Profit for the year |
- |
- |
- |
- |
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New share capital subscribed |
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- |
- |
- |
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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
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General information |
The company is a private company limited by share capital, incorporated in Other.
The address of its registered office is:
The principal place of business is:
4 Glamorgan Road
Cheltenham
Gloucestershire
GL51 3JF
These financial statements were authorised for issue by the
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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:
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Asset class |
Depreciation method and rate |
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Locomotion and tender |
Straight line method over 30 years |
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Fixtures and fittings |
10% Reducing balance |
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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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Profit before tax |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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The 35006 Locomotive Company Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2025 |
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Additions |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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The 35006 Locomotive Company Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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Investments |
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Total |
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Cost or valuation |
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At 1 January 2025 |
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Provision |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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2025 |
2024 |
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Stocks |
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2025 |
2024 |
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Other inventories |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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381,579 |
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381,579 |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
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Other reserves |
Total |
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Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences |
1,362 |
1,362 |
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