Company registration number 02121019 (England and Wales)
RUSSETGLOW LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
RUSSETGLOW LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RUSSETGLOW LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,880
3,937
Investment properties
4
710,331
677,344
713,211
681,281
Current assets
Cash at bank and in hand
10,090
11,951
Creditors: amounts falling due within one year
(43,258)
(42,938)
Net current liabilities
(33,168)
(30,987)
Total assets less current liabilities
680,043
650,294
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
679,043
649,294
Total equity
680,043
650,294
RUSSETGLOW LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year 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.

The financial statements were approved and signed by the director and authorised for issue on 12 September 2025
A V Mitchell
Director
Company Registration No. 02121019
RUSSETGLOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Russetglow Limited is a private company limited by shares incorporated in England and Wales. The registered office is William Street, Raistrick, Brighouse, West Yorkshire, United Kingdom, HD6 1HR.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25.00% Reducing Balance
Computer equipment
33.33% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Impairment of fixed assets
1.5
Cash and cash equivalents

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.

1.6
Financial instruments
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.

RUSSETGLOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. There has been no deferred tax calculated.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
RUSSETGLOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Total
£
Cost
At 1 April 2024 and 31 March 2025
5,395
Depreciation and impairment
At 1 April 2024
1,458
Depreciation charged in the year
1,057
At 31 March 2025
2,515
Carrying amount
At 31 March 2025
2,880
At 31 March 2024
3,937
4
Investment property
2025
£
Fair value
At 1 April 2024
677,344
Revaluations
32,987
At 31 March 2025
710,331

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 20 25 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

2025-03-31 2024-04-01 false false false 12 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity A V Mitchell A V Mitchell 2025-09-15 02121019 2024-04-01 2025-03-31 02121019 2025-03-31 02121019 2024-03-31 02121019 core:CurrentFinancialInstruments 2025-03-31 02121019 core:CurrentFinancialInstruments 2024-03-31 02121019 core:ShareCapital 2025-03-31 02121019 core:ShareCapital 2024-03-31 02121019 core:RetainedEarningsAccumulatedLosses 2025-03-31 02121019 core:RetainedEarningsAccumulatedLosses 2024-03-31 02121019 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 02121019 core:PlantMachinery 2024-04-01 2025-03-31 02121019 core:ComputerEquipment 2024-04-01 2025-03-31 02121019 2023-04-01 2024-03-31 02121019 2024-03-31 02121019 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02121019 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02121019 bus:FRS102 2024-04-01 2025-03-31 02121019 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02121019 bus:Director1 2024-04-01 2025-03-31 02121019 bus:CompanySecretary1 2024-04-01 2025-03-31 02121019 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP