THE LYNTON AND BARNSTAPLE RAILWAY TRUST

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

Consolidated group

Auditor

Fawley Judge & Easton

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Lynton and Barnstaple Railway Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THE LYNTON AND BARNSTAPLE RAILWAY TRUST · parent
   1. Lynton and Barnstaple Railway Community Interest Company 100% · England & Wales
   2. L&B Blackmoor Company Plc 100% · England & Wales

Significant events

• “The major activity of the charity has been working on the ongoing project to re-open the Lynton to Barnstaple Railway.”
• “The charity has expanded its landholdings, carried out work to improve its heritage rolling stock, and continued to reach out to stakeholders.”
• “The L&B Blackmoor Company Plc operates the Old Station Inn public house trading at Blackmoor Gate. This is its first full year of operation as part of the group.”
• “Income generated the L&B Blackmoor Company Plc increased reflecting its first full year of trading in the group.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +19.7%

  £1,059,796 → £1,269,087

• Cash

  +18.2%

  £968,499 → £1,144,631

• Net assets

  +4.2%

  £7,091,458 → £7,386,761

• Employees

  -8.3%

  24 → 22

• Operating profit

  +25.1%

  £203,795 → £255,030

• Profit before tax

  +13.1%

  £250,338 → £283,166

• Wages

  +36.2%

  £415,388 → £565,699

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers