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REGISTERED NUMBER: 01402392 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 24th March 2024

for

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED (REGISTERED NUMBER: 01402392)






Contents of the Financial Statements
for the year ended 24th March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED

Company Information
for the year ended 24th March 2024







DIRECTORS: J C Bates
M Earl
N R Mclachlan
S G Preston
S Stiffel
T J M Rodgers
C Y R Tam
D A J Edmonds
C B Sawney





SECRETARY: Cc Company Secretarial Services Limited





REGISTERED OFFICE: London Block Management Ltd
3rd Floor
9 White Lion Street
London
N1 9PD





REGISTERED NUMBER: 01402392 (England and Wales)





ACCOUNTANTS: SWP Service Charge Accountants Limited
Chartered Accountants
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED (REGISTERED NUMBER: 01402392)

Statement of Financial Position
24th March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,228 258,870

CURRENT ASSETS
Debtors 5 5,826 7,204
Cash at bank 204,140 4,015
209,966 11,219
CREDITORS
Amounts falling due within one year 6 183,057 4,325
NET CURRENT ASSETS 26,909 6,894
TOTAL ASSETS LESS CURRENT LIABILITIES 285,137 265,764

PROVISIONS FOR LIABILITIES 12,757 12,757
NET ASSETS 272,380 253,007

RESERVES
Share premium 1,000 1,000
Revaluation reserve 7 90,868 90,868
Retained earnings 180,512 161,139
272,380 253,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24th 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.

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED (REGISTERED NUMBER: 01402392)

Statement of Financial Position - continued
24th 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:





J C Bates - Director


RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED (REGISTERED NUMBER: 01402392)

Notes to the Financial Statements
for the year ended 24th March 2024

1. STATUTORY INFORMATION

Russell Court (Bloomsbury) Management 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

RUSSELL COURT (BLOOMSBURY) MANAGEMENT
LIMITED (REGISTERED NUMBER: 01402392)

Notes to the Financial Statements - continued
for the year ended 24th March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 25th March 2023
and 24th March 2024 282,413
DEPRECIATION
At 25th March 2023 23,543
Charge for year 642
At 24th March 2024 24,185
NET BOOK VALUE
At 24th March 2024 258,228
At 24th March 2023 258,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,376 5,282
Other debtors 450 1,922
5,826 7,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,745 -
Other creditors 105,573 2,525
Due to service charge 61,022 -
Accruals and deferred income 11,717 1,800
183,057 4,325

7. RESERVES
Revaluation
reserve
£   
At 25th March 2023
and 24th March 2024 90,868

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Russell Court (Bloomsbury) Management
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Russell Court (Bloomsbury) Management Limited for the year ended 24th March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Russell Court (Bloomsbury) Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Russell Court (Bloomsbury) Management Limited and state those matters that we have agreed to state to the Board of Directors of Russell Court (Bloomsbury) Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Russell Court (Bloomsbury) Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Russell Court (Bloomsbury) Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Russell Court (Bloomsbury) Management Limited. You consider that Russell Court (Bloomsbury) Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Russell Court (Bloomsbury) Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SWP Service Charge Accountants Limited
Chartered Accountants
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN


28th January 2025