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REGISTERED NUMBER: 13057533 (England and Wales)















Financial Statements

for the Period 31 December 2021 to 29 December 2022

for

Russ's Homes Limited

Russ's Homes Limited (Registered number: 13057533)






Contents of the Financial Statements
for the Period 31 December 2021 to 29 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Russ's Homes Limited

Company Information
for the Period 31 December 2021 to 29 December 2022







DIRECTOR: R Schwarze





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 13057533 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Russ's Homes Limited (Registered number: 13057533)

Balance Sheet
29 December 2022

29.12.22 30.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,379 40,140
Investment property 5 316,444 316,444
414,823 356,584

CURRENT ASSETS
Stocks 506,808 -
Debtors 6 214,053 117,817
Cash at bank 63 79
720,924 117,896
CREDITORS
Amounts falling due within one year 7 672,184 362,264
NET CURRENT ASSETS/(LIABILITIES) 48,740 (244,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,563

112,216

CREDITORS
Amounts falling due after more than one
year

8

481,122

106,320
NET (LIABILITIES)/ASSETS (17,559 ) 5,896

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,659 ) 5,796
(17,559 ) 5,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Russ's Homes Limited (Registered number: 13057533)

Balance Sheet - continued
29 December 2022


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 director and authorised for issue on 27 February 2025 and were signed by:





R Schwarze - Director


Russ's Homes Limited (Registered number: 13057533)

Notes to the Financial Statements
for the Period 31 December 2021 to 29 December 2022

1. STATUTORY INFORMATION

Russ's Homes 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.

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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

Turnover is measured at the fair value of construction services received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Russ's Homes Limited (Registered number: 13057533)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 29 December 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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 period was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2021 44,600
Additions 71,000
At 29 December 2022 115,600
DEPRECIATION
At 31 December 2021 4,460
Charge for period 12,761
At 29 December 2022 17,221
NET BOOK VALUE
At 29 December 2022 98,379
At 30 December 2021 40,140

Russ's Homes Limited (Registered number: 13057533)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 29 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2021
and 29 December 2022 316,444
NET BOOK VALUE
At 29 December 2022 316,444
At 30 December 2021 316,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 30.12.21
£    £   
Amounts owed by associates 214,053 97,577
Other debtors - 20,240
214,053 117,817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.22 30.12.21
£    £   
Trade creditors 336,140 96,166
Amounts owed to associates 44,378 8,000
Taxation and social security 19,225 48,014
Other creditors 272,441 210,084
672,184 362,264

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.12.22 30.12.21
£    £   
Other creditors 481,122 106,320

9. SECURED DEBTS

The following secured debts are included within creditors:

29.12.22 30.12.21
£    £   
Other loans 718,416 -