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REGISTERED NUMBER: SC340932 (Scotland)









RUSSELL & RUSSELL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






RUSSELL & RUSSELL LIMITED (REGISTERED NUMBER: SC340932)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUSSELL & RUSSELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







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





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
Glasgow
G3 7SL





REGISTERED NUMBER: SC340932 (Scotland)






RUSSELL & RUSSELL LIMITED (REGISTERED NUMBER: SC340932)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 10,465

CURRENT ASSETS
Cash in hand 1 1

CREDITORS
Amounts falling due within one year 5 10,766 10,767
NET CURRENT LIABILITIES (10,765 ) (10,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,765

)

(301

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (10,766 ) (302 )
SHAREHOLDERS' FUNDS (10,765 ) (301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 25th November 2024 and were signed on its behalf by:





R McMaster - Director


RUSSELL & RUSSELL LIMITED (REGISTERED NUMBER: SC340932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Russell & Russell 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.

Going concern
The company had negative reserves of £10,766 as at 30th April, 2024. Included in creditors are loans from a related company totalling £10,766. It has been agreed that these loans will not be repaid to the detriment of the company's ability to trade. The directors therefore believe it is appropriate to prepare the financial statements on a going concern basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st May 2023 10,465
Impairments (10,465 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 10,465

Fixed asset investments are initially measured at cost. After initial recognition, fixed asset investments are measured at cost less any accumulated impairment losses

The impairment represents an investment in a business that has been dissolved post year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 10,766 10,767

RUSSELL & RUSSELL LIMITED (REGISTERED NUMBER: SC340932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes £10,766 (2023: £10,766) owed to Russell & Russell Business Advisers Limited, a related company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

7. ULTIMATE CONTROLLING PARTY

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

On the 4th November, 2022 the company became a subsidiary of Russell + Russell Holdings Limited. The directors are the majority shareholders of Russell + Russell Holdings Limited..

Russell + Russell Holdings Limited is a company registered in Scotland and its company number is SC738882. Its registered office is 4 Royal Crescent, Glasgow, G3 7SL.