REGISTERED NUMBER: 13162665 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 January 2026

for

Seaside Railway Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Bryant

Mr J M Kerr

REGISTERED OFFICE:

Lakeside Station

Kings Road

Cleethorpes

Lincolnshire

DN35 0AG

REGISTERED NUMBER:

13162665 (England and Wales)

ACCOUNTANTS:

SMH Haywood & Co Limited

24-26 Mansfield Road

Rotherham

South Yorkshire

S60 2DT

FIXED ASSETS

Investments

4

1,138,991

407,083

CURRENT ASSETS

Debtors

5

260,782

589,146

CREDITORS

Amounts falling due within one year

6

892,037

1,007,913

NET CURRENT LIABILITIES

(631,255

)

(418,767

)

TOTAL ASSETS LESS CURRENT LIABILITIES

507,736

(11,684

)

CAPITAL AND RESERVES

Called up share capital

7

170

100

Merger reserve

521,870

-

Retained earnings

(14,304

)

(11,784

)

SHAREHOLDERS' FUNDS

507,736

(11,684

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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

Seaside Railway Group Ltd 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.

Transition to FRS 102

These are the first financial statements of the company prepared in accordance with FRS 102 Section 1A. The financial statements were previously prepared in accordance with FRS 105. The date of transition is 31 January 2024. The transition has not required any adjustments to the previously reported equity or profit or loss.

Going concern

The directors have considered the company’s ability to continue as a going concern. The net current liabilities principally comprise amounts owed to subsidiary undertakings, which will not be called for repayment where this would affect the company’s ability to meet its other liabilities. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The company and its subsidiary undertakings comprise a small group. The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare group accounts. These financial statements present information about the company as an individual entity.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses. Where shares are issued as consideration and merger relief under section 612 of the Companies Act 2006 applies, cost is the fair value of the shares issued, with the excess over nominal value credited to a merger reserve.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 January 2025

407,083

Additions

850,304

Adjust purchase consideration

(118,396

)

At 30 January 2026

1,138,991

NET BOOK VALUE

At 30 January 2026

1,138,991

At 30 January 2025

407,083

Additions comprise the acquisition of Eastleigh Lakeside Railway Ltd on 28 March 2025 for consideration of £328,364, and the acquisition of the entire share capital of Cleethorpes Light Railway Limited (£139,780) and Lakeside Station Limited (£382,160) on 30 January 2026 in exchange for the issue of 140 A ordinary shares of £0.50 each in the company.

The adjustment to purchase consideration of £118,396 relates to the loan from D Humphries, which was repaid separately under the terms of the share purchase agreement and does not form part of the cost of the shares.

The company’s subsidiary undertakings, all registered in England and Wales, are as follows:

Name

Registered Office

Class of Shares

Holding

North Bay Railway Company Limited

Peasholm Station, Burniston Road, Scarborough, North Yorkshire,YO12 6PF

Ordinary

100%

Northstead Manor Gardens Leisure Limited

Peasholm Station, Burniston Road, Scarborough, North Yorkshire,YO12 6PF

Ordinary

100%

Northstead Manor Limited

Peasholm Station, Burniston Road, Scarborough, North Yorkshire,YO12 6PF

Ordinary

100%

Boatman’s Tavern Limited

Peasholm Station, Burniston Road, Scarborough, North Yorkshire,YO12 6PF

Ordinary

100%

Eastleigh Lakeside Railway Limited

Lakeside Country Park, Wide Lane, Eastleigh, Hampshire,SO50 5PE

Ordinary

100%

Cleethorpes Light Railway Limited

Lakeside Station, Kings Road, Cleethorpes, Lincolnshire,DN35 0AG

A Shares

100%

Lakeside Station Limited

Lakeside Station, Kings Road, Cleethorpes, Lincolnshire,DN35 0AG

A Shares

100%

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

260,682

89,046

Other debtors

100

500,100

260,782

589,146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

803,096

632,709

Other creditors

88,941

375,204

892,037

1,007,913

7.	CALLED UP SHARE CAPITAL

Allotted, issued and called up:

2026 £

2025 £

340 (2025: 100) A Ordinary (2025: Ordinary) shares of £0.50 (2025: £1) each

170

100

£100 (2025: £100) of the above remained unpaid at the balance sheet date.

On 15 January 2026 the 100 ordinary shares of £1 each were subdivided into 200 A ordinary shares of £0.50 each. On 30 January 2026 the company issued 140 A ordinary shares of £0.50 each, with an aggregate nominal value of £70, in exchange for the entire share capital of Cleethorpes Light Railway Limited and Lakeside Station Limited.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by its directors, Mr P M Bryant and Mr J M Kerr, who each hold 50% of the issued share capital. There is no single ultimate controlling party.