CHURNET VALLEY RAILWAY (1992) PLC

• ⚠

  Material uncertainty over going concern

  Accordingly, these financial statements have been prepared on a basis other than that of a going concern. However, no material adjustments have arisen with regard to asset valuations, as the Directors anticipate that they will be realised at their carrying value in the future.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. CHURNET VALLEY RAILWAY (1992) PLC 1992-12-15 → present
2. GOLDENLAUNCH PUBLIC LIMITED COMPANY 1992-10-30 → 1992-12-15

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

WR Partners

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Accordingly, these financial statements have been prepared on a basis other than that of a going concern. However, no material adjustments have arisen with regard to asset valuations, as the Directors anticipate that they will be realised at their carrying value in the future.”

Significant events

• “An important milestone in 2024 was the fourth year of the Polar Express operation at our railway. This venture achieved remarkable success, with a 23% increase in bookings over 2023, resulting in 58,531 passengers carried over 24 operating days.”
• “Through 2024 we have seen great progress on the Leek extension project which resulted in the project being completed in December 2024 with the first passenger train running over the extension.”
• “The Directors expect the company to convert to charitable status in the future. The Directors plan to transfer the Company's trading activities and assets to an existing Charity within 12 months, pending approval from the Charity Commission.”

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

Filings

10

last 12 months

Capital events

6

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +26.7%

  £2,710,503 → £3,433,887

• Cash

  +159%

  £13,752 → £35,612

• Net assets

  -10.3%

  £752,435 → £675,284

• Employees

  +40%

  30 → 42

• Operating profit

  +86%

  -£79,404 → -£11,119

• Profit before tax

  +42.9%

  -£134,505 → -£76,842

• Wages

  +40.1%

  £320,728 → £449,240

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