Company No:
Contents
| DIRECTOR | Stephen David Russell |
| SECRETARY | Sarah Ann Russell |
| REGISTERED OFFICE | 82 Station Road |
| Soham | |
| Ely | |
| CB7 5DZ | |
| United Kingdom |
| BUSINESS ADDRESS | 3 The Birches |
| Soham | |
| Cambridgeshire | |
| CB7 5FH |
| COMPANY NUMBER | 04055690 (England and Wales) |
| ACCOUNTANT | Corbett Accountants Limited |
| Bakersfield | |
| 82 Station Road | |
| Soham | |
| Ely | |
| Cambridgeshire | |
| CB7 5DZ |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 50,157 | 120,300 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current assets | 14,129 | 23,667 | ||
| Total assets less current liabilities | 14,129 | 23,667 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account |
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of Izzard and Russell Investments Limited (registered number:
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Stephen David Russell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Izzard and Russell Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 82 Station Road, Soham, Ely, CB7 5DZ, United Kingdom. The principal place of business is 3 The Birches, Soham, Cambridgeshire, CB7 5FH.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| £ | £ | ||
| Trade creditors |
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| Amounts owed to related parties |
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| Amounts owed to director |
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| Corporation tax |
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| Other taxation and social security |
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| Other creditors |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| During the year the company was charged rent and management charges on an arms length basis by the partnership of Mr SD Russell, company director and 50% shareholder, and Townsend Paddock Limited, a 50% shareholder of the company. Mr SD Russell owns two thirds of the share capital of Townsend Paddock Limited. | 0 | 0 | |
| Rent | 40,000 | 40,000 | |
| Management charges | 9,000 | 9,000 | |
| As at 5 April 2025 Izzard And Russell Investments Limited owed monies to the partnership of Mr SD Russell and Townsend Paddock Limited | 13,973 | 57,895 | |
| Included within creditors is a director's loan owing to Mr SD Russell. The loan is interest free and there are no repayment terms. | 4,719 | 19,486 |