Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-283false2022-03-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00742378 2022-03-01 2023-02-28 00742378 2023-02-28 00742378 2021-03-01 2022-02-28 00742378 2022-02-28 00742378 c:Director1 2022-03-01 2023-02-28 00742378 c:Director2 2022-03-01 2023-02-28 00742378 c:Director3 2022-03-01 2023-02-28 00742378 c:RegisteredOffice 2022-03-01 2023-02-28 00742378 d:Buildings 2023-02-28 00742378 d:Buildings 2022-02-28 00742378 d:CurrentFinancialInstruments 2023-02-28 00742378 d:CurrentFinancialInstruments 2022-02-28 00742378 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 00742378 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 00742378 d:ShareCapital 2023-02-28 00742378 d:ShareCapital 2022-02-28 00742378 d:RetainedEarningsAccumulatedLosses 2023-02-28 00742378 d:RetainedEarningsAccumulatedLosses 2022-02-28 00742378 c:FRS102 2022-03-01 2023-02-28 00742378 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 00742378 c:FullAccounts 2022-03-01 2023-02-28 00742378 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Company registration number: 00742378







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


T. E. RUSSELL LIMITED






































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T. E. RUSSELL LIMITED
 


 
COMPANY INFORMATION


Directors
N K Gibbs 
W Storm 
C S Richardson 




Registered number
00742378



Registered office
1st Floor, Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


T. E. RUSSELL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 4


 


T. E. RUSSELL LIMITED
REGISTERED NUMBER:00742378



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
500,000
500,000

  
500,000
500,000

Current assets
  

Debtors
  
750
-

Cash at bank and in hand
  
8,245
9,423

  
8,995
9,423

Creditors: amounts falling due within one year
 5 
(9,606)
(9,522)

Net current liabilities
  
 
 
(611)
 
 
(99)

Total assets less current liabilities
  
499,389
499,901

Provisions for liabilities
  

Deferred tax
  
(56,794)
(61,021)

  
 
 
(56,794)
 
 
(61,021)

Net assets
  
442,595
438,880


Capital and reserves
  

Called up share capital 
  
40,000
40,000

Profit and loss account
  
402,595
398,880

  
442,595
438,880


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2023.




Page 1

 


T. E. RUSSELL LIMITED
REGISTERED NUMBER:00742378


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

N K Gibbs
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


T. E. RUSSELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

T.E.Russell Limited is a private company, limited by shares and incorporated in England & Wales. The details of the registered office are disclosed in the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Turnover

Turnover is the amount of rent receivable by the company from the investment property.

  
2.3

Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revalued to their fair value at each reporting date by the directors, and any changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.

Page 3

 


T. E. RUSSELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Freehold Investment Property

£



Cost or valuation


At 1 March 2022
500,000



At 28 February 2023

500,000






Net book value



At 28 February 2023
500,000



At 28 February 2022
500,000

The investment property has been valued by the directors based upon rental yields and comparable commercial properties.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
4,806
4,842

Accruals and deferred income
4,800
4,680

9,606
9,522


 
Page 4