The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year to 31 December 2019 in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Russell Hill Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company made a trueloss in the year of £4,708 (2023: £5,489) and at the balance sheet date had net assets of £292,686 (2023: £297,394)

The construction of the property is complete and at the time of preparing these accounts, four units are on the market and one unit exchanged for sale.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

WIP is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the WIP to their present location and condition.

WIP held for distribution at no or nominal consideration is measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of WIP over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average number of employees (including directors) employed during the year was:

The Ordinary A shares of £1 each and the Ordinary B shares of £1 each rank pari passu in all respects except for varying rights to receive distributions and the right to vote.

Included within other creditors is an amount of £189,676 (2023: £190,000) due to Synovia Holdings Ltd, a company under the control of the directors.

Included within other creditors is an amount of £115,750 (2023: £265,750) due to Bubbles Investment Ltd, a property investment company.

Included within other creditors is an amount of £35,328 (2023: £36,625) due to New Life Investment Ltd, a property investment company

Included within other creditors is an amount of £35,000 (2023: £35,000) due to TUW (MALBEC) Ltd, an investment company.

Included within other creditors is an amount of £20,000 (2023: £nil) due to MI Finance, an investment company.

Included within other creditors is an amount of £505,000 (2023: £620,000) owed to G J Hopkins, a director.