REGISTERED NUMBER: 05542568 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

North Bay Railway Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Bryant

Mr J M Kerr

REGISTERED OFFICE:

Peasholm Station

Burniston Road

Scarborough

North Yorkshire

YO12 6PF

REGISTERED NUMBER:

05542568 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Tangible assets

4

35,159

37,585

CURRENT ASSETS

Stocks

6,650

7,053

Debtors

5

684,477

678,559

Cash at bank and in hand

108,450

43,368

799,577

728,980

CREDITORS

Amounts falling due within one year

6

506,927

550,604

NET CURRENT ASSETS

292,650

178,376

TOTAL ASSETS LESS CURRENT LIABILITIES

327,809

215,961

CREDITORS

Amounts falling due after more than one year

7

(19,742

)

(25,392

)

PROVISIONS FOR LIABILITIES

(8,545

)

(9,098

)

NET ASSETS

299,522

181,471

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

299,518

181,467

SHAREHOLDERS' FUNDS

299,522

181,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr P M Bryant - Director

Mr J M Kerr - Director

1.	STATUTORY INFORMATION

North Bay Railway Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

121,045

Additions

9,777

At 31 January 2026

130,822

DEPRECIATION

At 1 February 2025

83,460

Charge for year

12,203

At 31 January 2026

95,663

NET BOOK VALUE

At 31 January 2026

35,159

At 31 January 2025

37,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

4,007

735

Amounts owed by group undertakings

661,277

647,798

Other debtors

19,193

30,026

684,477

678,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,594

5,440

Trade creditors

1,428

3,905

Amounts owed to group undertakings

429,433

256,883

Taxation and social security

43,085

29,720

Other creditors

27,387

254,656

506,927

550,604

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

19,742

25,392

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,925

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with other wholly owned members of the group headed by Seaside Railway Group Ltd.

Cleethorpes Light Railway Limited and Lakeside Station Limited, which were under the common control of the company’s directors until they became wholly owned subsidiaries of Seaside Railway Group Ltd on 30 January 2026, provided interest-free funding during the year. The balances are included within amounts owed by and to group undertakings.

9.	ULTIMATE CONTROLLING PARTY

The company’s immediate and ultimate parent undertaking is Seaside Railway Group Ltd, a company registered in England and Wales, whose registered office is Lakeside Station, Kings Road, Cleethorpes, Lincolnshire, DN35 0AG.

The parent is not required to prepare consolidated financial statements.

Seaside Railway Group Ltd is controlled jointly by Mr P M Bryant and Mr J M Kerr.