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REGISTERED NUMBER: SC738882 (Scotland)









RUSSELL + RUSSELL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUSSELL + RUSSELL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: S M Clark
R McMaster
I McMonagle
A M McNally





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC738882 (Scotland)






RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 760,710 760,710

CURRENT ASSETS
Debtors 5 - 100
Cash at bank 24,862 2,675
24,862 2,775
CREDITORS
Amounts falling due within one year 6 316,680 94,257
NET CURRENT LIABILITIES (291,818 ) (91,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,892

669,228

CREDITORS
Amounts falling due after more than one year 7 265,974 352,890
NET ASSETS 202,918 316,338

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 202,818 316,238
SHAREHOLDERS' FUNDS 202,918 316,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)

BALANCE SHEET - continued
31ST JANUARY 2024


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 30th October 2024 and were signed on its behalf by:




S M Clark - Director



R McMaster - Director


RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Russell + Russell Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Russell + Russell Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st February 2023
and 31st January 2024 760,710
NET BOOK VALUE
At 31st January 2024 760,710
At 31st January 2023 760,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings 228,509 10,000
Other creditors 88,171 84,257
316,680 94,257

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 265,974 352,890

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Other loans 86,916 83,513

Amounts falling due between one and two years:
Other loans - 1-2 years 90,457 86,916

Amounts falling due between two and five years:
Other loans - 2-5 years 175,517 265,974

RUSSELL + RUSSELL HOLDINGS LIMITED (REGISTERED NUMBER: SC738882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
44 A Ordinary £1 44 49
11 B Ordinary £1 11 16
14 C Ordinary £1 14 19
11 D Ordinary £1 11 16
5 E Ordinary £1 5 -
5 F Ordinary £1 5 -
5 G Ordinary £1 5 -
5 H Ordinary £1 5 -
100 100

On 23rd March, 2023 the company reclassified some of it's share capital as follows:
-5 A ordinary shares were reclassified as E ordinary shares.
-5 B ordinary shares were reclassified as F ordinary shares.
-5 C ordinary shares were reclassified as G ordinary shares.
-5 D ordinary shares were reclassified as H ordinary shares.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous period.