Light Rail Transit Association

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 05072319

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		5,200		5,200

			5,200		5,200
CURRENT ASSETS
Stocks	5	3,368		3,434
Debtors	6	9,977		10,884
Cash at bank and in hand		130,736		127,939

		144,081		142,257
Creditors: Amounts Falling Due Within One Year	7	(88,596 )		(92,091 )

NET CURRENT ASSETS (LIABILITIES)			55,485		50,166

TOTAL ASSETS LESS CURRENT LIABILITIES			60,685		55,366

NET ASSETS			60,685		55,366

Income Statement			60,685		55,366

MEMBERS' FUNDS			60,685		55,366

Page 1

Page 2

Light Rail Transit Association

Statement of Financial Position (continued)

As At 31 December 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 5 August 2026 and were signed on its behalf by:

Mr T R Kendell

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Light Rail Transit Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 05072319 . The registered office is Unit 13, Orton Enterprise Centre, Bakewell Road, Orton Southgate, Peterborough, Cambridgeshire, PE2 6XU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the invoiced value of items sold and subscriptions supplied by the company, net of Value Added Tax and trade discounts.

2.4. Stocks and Work in Progress

Stocks consist of books and DVDs for resale. A physical stock was taken at the 31st December 2024. As with the accounts to 31st December 2023 only the last three publications published have been included (plus a nominal amount for Tramway Review and packing) and valued at cost of printing or written down depending on the rate of recent sales.

2.5. Taxation

The Association is generally covered by mutual trading rules and thus exempt from Corporation Tax on its activities apart from any receipt of investment income and sales of publications and DVDs to non-members.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 17)

Page 3

Page 4

Light Rail Transit Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Investments

	Unlisted
	£
Cost
As at 1 January 2025	5,200

As at 31 December 2025	5,200

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	5,200

As at 1 January 2025	5,200

i) LRTA (Publishing) Limited

The company owns 30% of the issued share capital of LRTA (Publishing) Limited; the other 70% is owned by Howard Johnston Associates Limited, a company partly owned by M A Johnston, a director of the Light Rail Transit Association.

The company was represented during 2025 on the board of LRTA (Publishing) Limited by T Kendell (appointed and P J Rowen,all of whom were directors of the company and none of whom received any remuneration for their services as directors of LRTA (Publishing) Limited.

The final position at 31st December 2025 of LRTA (Publishing) Limited is as follows;

Per unaudited financial statements;

Aggregate capital and reserves 2025 £4,046.

Surplus for the year after tax 2025 £1,977.

Under the provisions of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so. These accounts only show information about the company as an individual identity.

ii) TramForward Limited

The company also owns 100% of the issued share capital of TramForward Limited, a private limited company registered in England with a share capital. The company has not traded since its incorporation on 3rd May 2018.

5. Stocks

	2025	2024
	£	£
Stock	3,368	3,434

Page 4

Page 5

Light Rail Transit Association

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,334	1,430
Other debtors	2,310	3,768
VAT	5,333	5,686

	9,977	10,884

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,966	1,610
Other creditors	2,336	2,231
Subscriptions in advance	83,294	85,250
Re Ukraine Calendars	-	3,000

	88,596	92,091

8. Related Party Transactions

During the year the company purchased goods and services to a value of £64,014 (2024 - £65,592) from Mainspring Enterprises Limited, a company owned by Mr M A Johnston, a director of the Light Rail Transit Association, none of which related to his duties as a director of that company.

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

In the event of the company being wound up every member undertakes to contribute to the assets of the company such an amount as may be required not exceeding £1.

10. Area Funds

No area groups of the association hold any material funds and therefore none are include in the financial statements.

Page 5