REGISTERED NUMBER: 05752669 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

RUSSO REAL ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O Russo

REGISTERED OFFICE:

23a High Street

Kings Langley

Hertfordshire

WD4 8AB

REGISTERED NUMBER:

05752669 (England and Wales)

ACCOUNTANTS:

Gowers Limited

The Old School House

Bridge Road

Hunton Bridge

Kings Langley

Hertfordshire

WD4 8SZ

FIXED ASSETS

Tangible assets

3

82,500

90,000

Investment property

4

1,170,440

1,170,000

1,252,940

1,260,000

CURRENT ASSETS

Debtors

5

34,585

6,519

Cash at bank and in hand

103

3,243

34,688

9,762

CREDITORS

Amounts falling due within one year

6

(838,594

)

(898,958

)

NET CURRENT LIABILITIES

(803,906

)

(889,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

449,034

370,804

CREDITORS

Amounts falling due after more than one year

7

(22,043

)

(25,596

)

ACCRUALS AND DEFERRED INCOME

(59,910

)

(488

)

NET ASSETS

367,081

344,720

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

366,981

344,620

SHAREHOLDERS' FUNDS

367,081

344,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 31st December 2025 and were signed by:

O Russo - Director

1.	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.

Turnover

Turnover represents net invoiced rent excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided to write off the cost of assets over their estimated useful lives. Depreciation is charged in the accounts at the following rates:

Freehold improvements 10 years straight line

No depreciation is provided on freehold land and property. The director has invoked a true and fair override which he understands is a departure from the generally accepted accounting policies.

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.

Taxation

Taxation for the year 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 year 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st April 2024

and 31st March 2025

150,000

DEPRECIATION

At 1st April 2024

60,000

Charge for year

7,500

At 31st March 2025

67,500

NET BOOK VALUE

At 31st March 2025

82,500

At 31st March 2024

90,000

Bank loans are secured on the freehold property concerned.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

1,658,438

DEPRECIATION

At 1st April 2024

and 31st March 2025

487,998

NET BOOK VALUE

At 31st March 2025

1,170,440

At 31st March 2024

1,170,440

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,585

6,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,863

-

Trade creditors

3,116

3,318

Taxation and social security

13,104

9,572

Other creditors

816,511

886,068

838,594

898,958

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

22,043

25,596

8.	ULTIMATE CONTROLLING PARTY

The company has been controlled throughout the year by O Russo Esq, sole director.