VALLEY RAIL LEASING NO.1 LIMITED

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

• Turnover

  -88.6%

  £630,181 → £71,984

• Cash

  -51.1%

  £10,213 → £4,990

• Net assets

  -162.3%

  £333,163 → -£207,539

• Employees

  —

  Not reported

• Operating profit

  -535.4%

  £127,708 → -£556,104

• Profit before tax

  -535.4%

  £127,708 → -£556,104

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. VALLEY RAIL LEASING NO.1 LIMITED 2018-11-26 → present
2. VALLEY RAIL LEASING LIMITED 2018-09-25 → 2018-11-26

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding the loss for the year and the net liabilities position, the Directors consider it appropriate to prepare the financial statements on a going concern basis. ... Based on the forecasts, stress testing and the availability of group support, the Directors are satisfied that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “The shares in the company, which were previously owned by SMBC Leasing (UK) Limited, were transferred to a new company, Mithras Rail Holdings Limited, via a share for share exchange on 14 March 2024.”
• “During the year, the directors reassessed the accounting for interest-free loans advanced to LLPs. Historically, fair value was determined on the assumption that LLP distributions would repay the original loan amount shortly after partner payments commenced. However, following IFRS 9 guidance, external technical advice, and alignment with LLP cash-flow expectations, the repayment horizon should have been reassessed as significantly longer and has been extended from 5 years to 20 years.”

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

Filings

2

last 12 months

Capital events

0

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.