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REGISTERED NUMBER: 06695042 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Russell Squared Ltd

Russell Squared Ltd (Registered number: 06695042)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Russell Squared Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss K Russell
Mr A Russell





SECRETARY: Miss K Russell





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 06695042 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Russell Squared Ltd (Registered number: 06695042)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 554,254 536,531
Investment property 5 510,000 490,000
1,064,254 1,026,531

CURRENT ASSETS
Debtors 6 - 25,000
Cash at bank 248,898 228,139
248,898 253,139
CREDITORS
Amounts falling due within one year 7 472,943 510,357
NET CURRENT LIABILITIES (224,045 ) (257,218 )
TOTAL ASSETS LESS CURRENT LIABILITIES 840,209 769,313

PROVISIONS FOR LIABILITIES 89,444 64,156
NET ASSETS 750,765 705,157

CAPITAL AND RESERVES
Called up share capital 8 902 902
Fair value reserve 9 302,452 296,093
Retained earnings 447,411 408,162
SHAREHOLDERS' FUNDS 750,765 705,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Squared Ltd (Registered number: 06695042)

Balance Sheet - continued
30 September 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 30 January 2025 and were signed on its behalf by:





Miss K Russell - Director


Russell Squared Ltd (Registered number: 06695042)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Russell Squared Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 536,531
Revaluations 17,723
At 30 September 2024 554,254
NET BOOK VALUE
At 30 September 2024 554,254
At 30 September 2023 536,531

Russell Squared Ltd (Registered number: 06695042)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2017 44,915
Valuation in 2018 39,430
Valuation in 2019 37,733
Valuation in 2020 44,698
Valuation in 2021 25,597
Valuation in 2022 (4,568 )
Valuation in 2023 27,742
Valuation in 2024 17,723
Cost 320,984
554,254

Fixed asset investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 490,000
Revaluations 20,000
At 30 September 2024 510,000
NET BOOK VALUE
At 30 September 2024 510,000
At 30 September 2023 490,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 41,662
Valuation in 2018 7,990
Valuation in 2019 1,267
Valuation in 2020 13,663
Valuation in 2021 39,929
Valuation in 2022 55,513
Valuation in 2023 (10,024 )
Valuation in 2024 20,000
Cost 340,000
510,000

Russell Squared Ltd (Registered number: 06695042)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 340,000 340,000

Investment property was valued on an open market basis on 30 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors - 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' current accounts 471,934 509,397
Accrued expenses 1,009 960
472,943 510,357

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2
900 Ordinary B £1 900 900
902 902

9. RESERVES
Fair
value
reserve
£   
At 1 October 2023 296,093
Assets revalued in period 6,359

At 30 September 2024 302,452