RUSS PROPERTIES LTD


Directors	DIXON, Russell Lee
	HAMMOND, Sarah Jane


Registered Address	1 Harlow Crescent
	Oxley Park
	Milton Keynes
	MK4 4EP


Registered Number	14614679 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		10,700		-
Investment property	4		259,049		259,049
			269,749		259,049
Current assets
Cash at bank and on hand		735		17,099
		735		17,099
Creditors amounts falling due within one year	5	(241,612)		(270,221)
Net current assets (liabilities)			(240,877)		(253,122)
Total assets less current liabilities			28,872		5,927
Net assets			28,872		5,927
Capital and reserves
Called up share capital			51		51
Profit and loss account			28,821		5,876
Shareholders' funds			28,872		5,927

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 May 2026, and are signed on its behalf by:

DIXON, Russell Lee
Director
Registered Company No. 14614679

RUSS PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from rental income is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Investment Property is recorded at cost or fair value and is impaired when relevant. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Investment Property is recorded at cost or fair value and is impaired when relevant.  Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
Additions	10,700	10,700
At 31 January 26	10,700	10,700
Net book value
At 31 January 26	10,700	10,700
At 31 January 25	-	-

4.	Investment property


		£
	Fair value at 01 February 25	259,049
	At 31 January 26	259,049

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	2,980
Taxation and social security	2,873	1,308
Other creditors	237,845	265,111
Accrued liabilities and deferred income	894	822
Total	241,612	270,221