BLUEBELL RAILWAY PLC

• ◆

  Material uncertainty over going concern

  The company continues to be challenged by significantly increased costs against a background of trying to increase income. Delivering a sustainable operating surplus from the Railway is proving to be difficult. The Board are taking actions to reduce the level of operating losses. Whilst the Board recognise the challenges and uncertainties that the Railway faces, the Board believe that the continuing support from The Bluebell Railway Trust and the parent company, The Bluebell Railway Preservation Society, the actions to be implemented as detailed in the Strategic Report and the continued scrutiny of the Board, the company will continue as a going concern. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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.

1. BLUEBELL RAILWAY PLC 1986-02-26 → present
2. JORDANS 312 PUBLIC LIMITED COMPANY 1985-11-27 → 1986-02-26

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company continues to be challenged by significantly increased costs against a background of trying to increase income. Delivering a sustainable operating surplus from the Railway is proving to be difficult. The Board are taking actions to reduce the level of operating losses. Whilst the Board recognise the challenges and uncertainties that the Railway faces, the Board believe that the continuing support from The Bluebell Railway Trust and the parent company, The Bluebell Railway Preservation Society, the actions to be implemented as detailed in the Strategic Report and the continued scrutiny of the Board, the company will continue as a going concern. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. BLUEBELL RAILWAY PLC · parent
   1. Bluebell Extension Railway Ltd 100%
   2. Bluebell Railway Operating Lld 100%

Significant events

• “Halloween (new product Ghost train) a lot of work went into the professional filming, marketing and design of the mask.”
• “Giants of Steam generated record sales, the highest we have had for the event.”
• “Excellent Christmas sales, with all dining trains sold.”
• “Both of these events proved very successful and profitable, and we have been shortlisted for a National Railway Award for Rail200.”
• “For the 65th Anniversary event, while the budget was £23.5k, we took £47.9k.”

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

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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