COMPANY REGISTRATION NUMBER:
11805538
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Russon Campbell (Oundle) Limited |
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Filleted Unaudited Financial Statements |
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Russon Campbell (Oundle) Limited |
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Statement of Financial Position |
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30 June 2025
Fixed assets
Current assets
|
Stocks |
1,000,000 |
1,280,000 |
|
Debtors |
5 |
20 |
140 |
|
Cash at bank and in hand |
86 |
87 |
|
------------ |
------------ |
|
1,000,106 |
1,280,227 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
1,364,467 |
1,682,831 |
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------------ |
------------ |
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Net current liabilities |
364,361 |
402,604 |
|
--------- |
--------- |
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Total assets less current liabilities |
(
364,361) |
(
401,901) |
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--------- |
--------- |
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Net liabilities |
(
364,361) |
(
401,901) |
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--------- |
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
20 |
20 |
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Profit and loss account |
(
364,381) |
(
401,921) |
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--------- |
--------- |
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Shareholders deficit |
(
364,361) |
(
401,901) |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Russon Campbell (Oundle) Limited |
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Statement of Financial Position (continued) |
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30 June 2025
These financial statements were approved by the
board of directors
and authorised for issue on
28 November 2025
, and are signed on behalf of the board by:
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Mrs J B Campbell |
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Director |
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Company registration number:
11805538
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Russon Campbell (Oundle) Limited |
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Notes to the Financial Statements |
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Year ended 30 June 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Horringer Manor, Manor Lane, Horringer, Bury St. Edmunds, IP29 5PY.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tangible assets
|
Equipment |
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£ |
|
Cost |
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At 1 July 2024 |
|
|
Disposals |
|
|
------- |
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At 30 June 2025 |
– |
|
------- |
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Depreciation |
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At 1 July 2024 |
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|
Disposals |
|
|
------- |
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At 30 June 2025 |
– |
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------- |
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Carrying amount |
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At 30 June 2025 |
– |
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------- |
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At 30 June 2024 |
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|
------- |
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5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
20 |
140 |
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---- |
---- |
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
1,364,467 |
1,682,831 |
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------------ |
------------ |
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7.
Related party transactions
Included in Other creditors are loans repayable to Black Dog Capital Limited of £106,896 (2024: £425,260). Black Dog Capital Limited is a connected company by virtue of common directorship. Included in Other creditors are loans repayable to Russon Campbell Developments Limited of £1,223,224 (2024: £1,223,224). Russon Campbell Developments Limited is controlled by a close family member.