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REGISTERED NUMBER: 02627216 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Russell Investments (1991) Limited

Russell Investments (1991) Limited (Registered number: 02627216)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Russell Investments (1991) Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: D J Palmer
Mrs M B Palmer





SECRETARY: Mrs M B Palmer





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 02627216 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Russell Investments (1991) Limited (Registered number: 02627216)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,103 664,743
Investments 5 4,562 4,562
674,665 669,305

CURRENT ASSETS
Debtors 6 46,380 15,233
Cash at bank 603 806
46,983 16,039
CREDITORS
Amounts falling due within one year 7 57,026 49,012
NET CURRENT LIABILITIES (10,043 ) (32,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

664,622

636,332

CAPITAL AND RESERVES
Called up share capital 21,400 21,400
Revaluation reserve 8 4,562 4,562
Retained earnings 638,660 610,370
SHAREHOLDERS' FUNDS 664,622 636,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





D J Palmer - Director


Russell Investments (1991) Limited (Registered number: 02627216)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Russell Investments (1991) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% of cost or valuation

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group accounts exemption
The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 248 of the Companies Act 1985 not to prepare group accounts. The financial statements therefore present information concerning the company only and not the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Russell Investments (1991) Limited (Registered number: 02627216)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022 664,743
Revaluations 5,360
At 31 March 2023 670,103
NET BOOK VALUE
At 31 March 2023 670,103
At 31 March 2022 664,743

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£   
Valuation in 2020 592,552
Valuation in 2021 64,998
Valuation in 2022 7,193
Valuation in 2023 5,360
670,103

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 4,562
NET BOOK VALUE
At 31 March 2023 4,562
At 31 March 2022 4,562

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2020 41,590
Valuation in 2021 (18,759 )
Valuation in 2022 (18,269 )
4,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 41,681 10,534
Other debtors 4,699 4,699
46,380 15,233

Russell Investments (1991) Limited (Registered number: 02627216)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 992 946
Other creditors 56,034 48,066
57,026 49,012

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 4,562