The Waterbury family are completely happy until mysterious men take their father away and they have to move up to Yorkshire without him. The three open-hearted children soon make many friends including their Old Gentleman whom they regularly wave to on his morning train journey. Bobbie, the eldest girl, makes contact with him to try and get help for the problems they are facing. Meanwhile the children find themselves involved in several unexpected dramas on the railway

Mysterious old solicitor Mr. Blunden visits Mrs. Allen and her young children in their squalid, tiny Camden Town flat and makes her an offer she cannot refuse. The family become the housekeepers to a derelict country mansion in the charge of the solicitors. One day the children meet the spirits of two other children who died in the mansion nearly a hundred years prior. The children prepare a magic potion that allows them to travel backwards in time to the era of the ghost children. Will the children be able to help their new friends and what will happen to them if they do?