WYVERNRAIL PLC

• ⚠

  Material uncertainty over going concern

  Material uncertainty relating to going concern We draw attention to note 1.2 to the financial statements, which indicates that the company incurred a net loss of £82,242 during the year ended 31 January 2025 and, as at that date, the company's current liabilities exceeded its current assets by £288,615. As stated in note 1.2, these conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DJH Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty relating to going concern We draw attention to note 1.2 to the financial statements, which indicates that the company incurred a net loss of £82,242 during the year ended 31 January 2025 and, as at that date, the company's current liabilities exceeded its current assets by £288,615. As stated in note 1.2, these conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “The 2024-25 trading year was dominated by one factor: the effect of the landslip at Duffield that had prevented us from operating trains along the length of the railway from October 2023 until mid-June 2024.”
• “Turnover increased by an impressive 15%, but the company is operating at the limits of its capacity.”
• “Catering had an excellent year with an increase in turnover of 23%.”
• “A growing railway comes with higher administrative costs. These have risen by 34% from £469,639 to £627,681 and the most significant increase was in advertising, which increased 158% to £75,985. Wages and Salaries grew by 37% to £263,507, while Power, Heat & Light increased by 45% to £36,147. Fuel and oil, of which a significant proportion was coal, increased by 30% to £95,363.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +15.9%

  £682,053 → £790,746

• Cash

  -59.5%

  £63,837 → £25,881

• Net assets

  -12.3%

  £575,497 → £504,465

• Employees

  +7.4%

  27 → 29

• Operating profit

  -167.2%

  -£29,664 → -£79,253

• Profit before tax

  -128.5%

  -£35,990 → -£82,242

• Wages

  +37%

  £192,403 → £263,507

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers