| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2025 |
| for |
| The American Dining Car Company Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2025 |
| for |
| The American Dining Car Company Limited |
| The American Dining Car Company Limited (Registered number: 03047413) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| The American Dining Car Company Limited |
| Company Information |
| for the Year Ended 30 April 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 34 Romanby Road |
| NORTHALLERTON |
| North Yorkshire |
| DL7 8NF |
| The American Dining Car Company Limited (Registered number: 03047413) |
| Balance Sheet |
| 30 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| The American Dining Car Company Limited (Registered number: 03047413) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2025 |
| 1. | STATUTORY INFORMATION |
| The American Dining Car Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Rental income is accounted for on an accruals basis. |
| 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. |
| Patents & licences |
| The intangible assets relates to the initial costs of obtaining the premises licence. Although the licence has an unlimited legal duration, the intangible asset is being amortised over a useful life of 10 years for accounting purposes. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| Investment property comprises of a long lease. Any aggregate surplus or deficit arising from changes in market value is transferred to retained earnings. |
| Depreciation is provided in order to write off the long leasehold asset over its estimated useful life in accordance with the property, as the basis for obtaining fair value. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Going concern |
| These financial statements have been prepared on a going concern basis. |
| In response to current economic conditions and concerns of the trading ability in the short term of the company, the Directors have carefully considered the financial risks, including an assessment of future trading projections for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on this assessment, the Directors consider that the company can meet the demands of the business but if required the Directors confirm they will support the cash flow needs of the company. In addition, the company assets are assessed for recoverability on a regular basis, and the Directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
| In light of their proposed support the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern. This the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| The American Dining Car Company Limited (Registered number: 03047413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| Additions |
| At 30 April 2025 |
| AMORTISATION |
| Charge for year |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 May 2024 |
| and 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for year |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2024 |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 | 5,952 |
| Revaluation adjustments | 6,011 |
| At 30 April 2025 | 11,963 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| The property has been valued on an existing use basis by the directors. |
| The American Dining Car Company Limited (Registered number: 03047413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2025 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 30 April 2025 is represented by: |
| £ |
| Valuation in 2010 | 154,450 |
| Valuation in 2011 | (5,952 | ) |
| Valuation in 2012 | (5,952 | ) |
| Valuation in 2013 | (5,952 | ) |
| Valuation in 2014 | (5,952 | ) |
| Valuation in 2015 | (5,952 | ) |
| Valuation in 2016 | (5,952 | ) |
| Valuation in 2017 | (5,952 | ) |
| Valuation in 2018 | (5,952 | ) |
| Valuation in 2019 | (5,952 | ) |
| Valuation in 2020 | (5,952 | ) |
| Valuation in 2021 | (5,952 | ) |
| Valuation in 2022 | (5,952 | ) |
| Valuation in 2023 | (5,952 | ) |
| Valuation in 2024 | (5,952 | ) |
| Valuation in 2025 | (6,011 | ) |
| Cost | 346,140 |
| 411,251 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | DEFERRED TAX |
| £ |
| Balance at 1 May 2024 | ( |
) |
| Credit to Income Statement during year | ( |
) |
| Balance at 30 April 2025 | ( |
) |
| 10. | CONTINGENT LIABILITIES |
| There were no contingent liabilities at 30 April 2025. (2024 - None) |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr J R Iley by virtue of his shareholdings in The American Dining Car Company Ltd and Imp Hotel Ltd. |
| 12. | GOING CONCERN |
| Included in other creditors is a loan from a Director. The Director has confirmed that they will only seek repayment of their loan account when sufficient funds are available. |