Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 40 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.34 2024-03-01 false Real Estate Agencies true true false 01411487 2024-03-01 2025-02-28 01411487 2023-03-01 2024-02-29 01411487 2025-02-28 01411487 2024-02-29 01411487 c:Director2 2024-03-01 2025-02-28 01411487 d:Buildings d:LongLeaseholdAssets 2024-03-01 2025-02-28 01411487 d:Buildings d:LongLeaseholdAssets 2025-02-28 01411487 d:Buildings d:LongLeaseholdAssets 2024-02-29 01411487 d:MotorVehicles 2024-03-01 2025-02-28 01411487 d:MotorVehicles 2025-02-28 01411487 d:MotorVehicles 2024-02-29 01411487 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 01411487 d:FurnitureFittings 2024-03-01 2025-02-28 01411487 d:FurnitureFittings 2025-02-28 01411487 d:FurnitureFittings 2024-02-29 01411487 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 01411487 d:OfficeEquipment 2024-03-01 2025-02-28 01411487 d:OfficeEquipment 2025-02-28 01411487 d:OfficeEquipment 2024-02-29 01411487 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 01411487 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 01411487 d:CurrentFinancialInstruments 2025-02-28 01411487 d:CurrentFinancialInstruments 2024-02-29 01411487 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 01411487 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 01411487 d:ShareCapital 2025-02-28 01411487 d:ShareCapital 2024-02-29 01411487 d:RetainedEarningsAccumulatedLosses 2025-02-28 01411487 d:RetainedEarningsAccumulatedLosses 2024-02-29 01411487 c:OrdinaryShareClass2 2024-03-01 2025-02-28 01411487 c:OrdinaryShareClass2 2025-02-28 01411487 c:OrdinaryShareClass2 2024-02-29 01411487 c:OrdinaryShareClass3 2024-03-01 2025-02-28 01411487 c:OrdinaryShareClass3 2025-02-28 01411487 c:OrdinaryShareClass3 2024-02-29 01411487 c:OrdinaryShareClass4 2024-03-01 2025-02-28 01411487 c:OrdinaryShareClass4 2025-02-28 01411487 c:OrdinaryShareClass4 2024-02-29 01411487 c:OrdinaryShareClass5 2024-03-01 2025-02-28 01411487 c:OrdinaryShareClass5 2025-02-28 01411487 c:OrdinaryShareClass5 2024-02-29 01411487 c:FRS102 2024-03-01 2025-02-28 01411487 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 01411487 c:FullAccounts 2024-03-01 2025-02-28 01411487 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 01411487 2 2024-03-01 2025-02-28 01411487 6 2024-03-01 2025-02-28 01411487 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01411487 RUSSELL SIMPSON LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
RUSSELL SIMPSON LIMITED REGISTERED NUMBER: 01411487 BALANCE SHEET AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | 625,199 |  | 683,759
Fixed asset investments | 5 |  | 50,000 |  | 53,000
|  |  | 675,199 |  | 736,759
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,382,951 |  | 1,481,825 |
Cash at bank and in hand | 7 | 4,482,847 |  | 2,780,726 |
|  | 5,865,798 |  | 4,262,551 |
Creditors: amounts falling due within one year | 8 | (1,435,580) |  | (1,154,038) |
Net current assets |  |  | 4,430,218 |  | 3,108,513
Total assets less current liabilities |  |  | 5,105,417 |  | 3,845,272
Net assets |  |  | 5,105,417 |  | 3,845,272
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | 5,105,317 |  | 3,845,172
|  |  | 5,105,417 |  | 3,845,272
Page 1
RUSSELL SIMPSON LIMITED REGISTERED NUMBER: 01411487 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
H R S Russell
Director
Date: 12 February 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Russell Simpson Limited is a private company limited by shares, registered in England and Wales (registered number: 01411487). The registered office and principal place of business address is 151a Sydney Street, London, SW3 6NT. The principal activity of the company continued to be that of a residential property sales and lettings agency. The financial statements are presented in sterling, which is the functional currency of the Company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Page 3
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as described below. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - |  | straight line over the life of the lease
|  |  |  | Motor vehicles | - | 25% | straight line
|  |  |  | Fixtures and fittings | - | 15% | reducing balance
|  |  |  | Office equipment | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 40 (2024 - 34).
4. | Tangible fixed assets
|  | Long-term leasehold property | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 March 2024 | 273,963 | 384,210 | 183,082 | 129,338 | 970,593
| Additions | - | 56,205 | 3,075 | 22,005 | 81,285
| Disposals | - | (72,188) | - | (1,421) | (73,609)
| At 28 February 2025 | 273,963 | 368,227 | 186,157 | 149,922 | 978,269
| Depreciation |  |  |  |  |
| At 1 March 2024 | 2,509 | 156,739 | 59,951 | 67,634 | 286,833
| Charge for the year on owned assets | - | 59,356 | 18,724 | 22,966 | 101,046
| Disposals | - | (34,354) | - | (454) | (34,808)
| At 28 February 2025 | 2,509 | 181,741 | 78,675 | 90,146 | 353,071
| Net book value |  |  |  |  |
| At 28 February 2025 | 271,454 | 186,486 | 107,482 | 59,776 | 625,198
| At 29 February 2024 | 271,454 | 227,471 | 123,131 | 61,703 | 683,759
Page 6
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 March 2024 | 53,000
| Disposals | (3,000)
| At 28 February 2025 | 50,000
6. | Debtors
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 113,586 | 43,296
| Amounts owed by group undertakings | 439,973 | 199,973
| Prepayments and accrued income | 827,658 | 1,235,341
| Other debtors | 1,734 | 3,215
|  | 1,382,951 | 1,481,825
7. | Cash and cash equivalents
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,482,847 | 2,780,726
| Less: bank overdrafts | - | (915)
|  | 4,482,847 | 2,779,811
Page 7
RUSSELL SIMPSON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 142,757 | 36,918
| Accruals and deferred income | 447,515 | 472,104
| Corporation tax | 323,439 | 57,820
| Other taxation and social security | 449,769 | 524,405
| Obligations under finance lease and hire purchase contracts | - | 8,423
| Bank overdrafts | - | 915
| Other creditors | 72,100 | 53,453
|  | 1,435,580 | 1,154,038
9. | Share capital
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 87 (2024 - 87) A Ordinary shares of £1.00 each | 87 | 87
|  | 1 (2024 - 1) B Ordinary share of £1.00 | 1 | 1
|  | 2 (2024 - 2) C Ordinary shares of £1.00 each | 2 | 2
|  | 2 (2024 - 2) D Ordinary shares of £1.00 each | 2 | 2
|  | 2 (2024 - 2) E Ordinary shares of £1.00 each | 2 | 2
|  | 2 (2024 - 2) F Ordinary shares of £1.00 each | 2 | 2
|  | 2 (2024 - 2) G Ordinary shares of £1.00 each | 2 | 2
|  | 2 (2024 - 2) H Ordinary shares of £1.00 each | 2 | 2
|  |  | 100 | 100
Page 8