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REGISTERED NUMBER: 04125635















D J RUSSELL ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D J RUSSELL ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D J Russell
Mrs K S Russell





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04125635





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 863,125 863,125

CURRENT ASSETS
Debtors 5 11,831 9,156
Cash at bank 31,618 4,181
43,449 13,337
CREDITORS
Amounts falling due within one year 6 188,055 203,504
NET CURRENT LIABILITIES (144,606 ) (190,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,519

672,958

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 177,271 177,271
Retained earnings 541,246 495,685
SHAREHOLDERS' FUNDS 718,519 672,958

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

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

D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

BALANCE SHEET - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2024 and were signed on its behalf by:




D J Russell - Director



Mrs K S Russell - Director


D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

D J Russell Estates Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
No depreciation is charged on the freehold property. The directors are of the opinion that the value of the freehold is in excess of the amount shown in the balance sheet.

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 2 (2023 - 2 ) .

D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

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


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 863,125
NET BOOK VALUE
At 31 March 2024 863,125
At 31 March 2023 863,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,535 2,860
Other debtor 5,000 5,000
Other debtors 1,296 1,296
11,831 9,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,700 6,700
Amounts owed to participating interests 162,222 162,222
Corporation tax 11,324 8,481
Directors' current accounts 7,109 23,326
Accrued expenses 2,700 2,775
188,055 203,504

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 177,271

D J RUSSELL ESTATES LTD (REGISTERED NUMBER: 04125635)

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


9. RELATED PARTY DISCLOSURES

The company was under the control of Mr & Mrs Russell throughout the current and previous year.

A partnership in under the control of Mr & Mrs Russell pays rent to D J Russell Estates Limited of £6000 (2023 £6000) for office space and storage.

Additionally D J Russell Limited, a company in which Mr & Mrs Russell are the major shareholders paid a rent of £14820 (2023 £14820).

All transactions are at arms length and on a commercial basis.