REGISTERED NUMBER: 09232351 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Lakeside Station Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Kerr

Mr P M Bryant

REGISTERED OFFICE:

Lakeside Station

Kings Road

Cleethorpes

Lincolnshire

DN35 0AG

REGISTERED NUMBER:

09232351 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Intangible assets

4

52,667

60,567

Tangible assets

5

20,535

22,417

73,202

82,984

CURRENT ASSETS

Stocks

6,500

6,300

Debtors

6

296,645

290,806

Cash at bank

80,643

2,471

383,788

299,577

CREDITORS

Amounts falling due within one year

7

168,461

161,210

NET CURRENT ASSETS

215,327

138,367

TOTAL ASSETS LESS CURRENT LIABILITIES

288,529

221,351

CREDITORS

Amounts falling due after more than one year

8

(44,038

)

(62,019

)

PROVISIONS FOR LIABILITIES

(5,134

)

(5,604

)

NET ASSETS

239,357

153,728

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

239,337

153,708

SHAREHOLDERS' FUNDS

239,357

153,728

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

Lakeside Station 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

79,000

AMORTISATION

At 1 February 2025

18,433

Charge for year

7,900

At 31 January 2026

26,333

NET BOOK VALUE

At 31 January 2026

52,667

At 31 January 2025

60,567

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

100,250

Additions

3,250

At 31 January 2026

103,500

DEPRECIATION

At 1 February 2025

77,833

Charge for year

5,132

At 31 January 2026

82,965

NET BOOK VALUE

At 31 January 2026

20,535

At 31 January 2025

22,417

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

122

Amounts owed by group undertakings

295,556

-

Other debtors

1,089

290,684

296,645

290,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

14,904

14,033

Trade creditors

1,474

1,172

Amounts owed to group undertakings

12,907

-

Taxation and social security

32,040

23,354

Other creditors

107,136

122,651

168,461

161,210

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

44,038

62,019

9.	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.

Until 30 January 2026, when the company became a wholly owned subsidiary of Seaside Railway Group Ltd, the company was under the common control of its directors, together with Cleethorpes Light Railway Limited, North Bay Railway Company Limited and other companies now in the group. Interest-free funding was provided between these companies during the year. The balances are included within amounts owed by and to group undertakings.

At the year end the company owed its directors £87,687 (2025: £91,897), included within other creditors. The balances are unsecured, interest-free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company’s immediate and ultimate parent undertaking, from 30 January 2026, 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.