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REGISTERED NUMBER:
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THE TEIFI VALLEY RAILWAY LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2016 TO 31 DECEMBER 2016 |
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REGISTERED NUMBER:
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THE TEIFI VALLEY RAILWAY LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2016 TO 31 DECEMBER 2016 |
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THE TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 APRIL 2016 TO 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE TEIFI VALLEY RAILWAY LIMITED |
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COMPANY INFORMATION |
for the Period 1 APRIL 2016 TO 31 DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Broyan House |
Priory Street |
Cardigan |
Ceredigion |
SA43 1BZ |
THE TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2016 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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 TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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BALANCE SHEET - continued |
31 DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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THE TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 APRIL 2016 TO 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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The Teifi Valley Railway Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
THE TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 APRIL 2016 TO 31 DECEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | Plant and | and |
property | property | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2016 |
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Disposals | ( |
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At 31 December 2016 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for period |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 March 2016 |
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The Directors have not complied with the provisions of FRS 11 and 15 with regard to carrying out a professional |
revaluation of the company's freehold property on a three and five year basis. |
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The freehold property was revalued at £462,250 by Poolman Harlow on 1st April 2004. |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2016 |
as restated |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2016 |
as restated |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2016 |
and 31 December 2016 |
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THE TEIFI VALLEY RAILWAY LIMITED (REGISTERED NUMBER: 01149600) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 APRIL 2016 TO 31 DECEMBER 2016 |
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7. | ULTIMATE CONTROLLING PARTY |
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Ultimate control of the Company is exercised by the Directors equally. |