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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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RUSSLAND INVESTMENTS LIMITED
COMPANY INFORMATION
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RUSSLAND INVESTMENTS LIMITED
CONTENTS
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RUSSLAND INVESTMENTS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The director presents the strategic report for the period ended 31 December 2025.
The director has undertaken a fair review of the business and some of the details are shown in the paragraphs below.
Russland Investments Limited was incorporated on 21 March 2023 and became the parent company of the Fixmart group of companies on 18 September 2023. Business environment The building services and construction sector is a large sector in the UK, and relies on a secure and efficient supply chain. The Group is constantly refining its performance in order to meet this challenge, and focus on achieving its targets. Strategy The Company controls a primarily family owned Group which has strong values and holds itself to the highest standards. The business was established in 1977, and the success of the Group to date is rooted in excellent service and stock availability of quality products. The Group strives to meet the demands of its customers, at the same time as targeting high efficiency and sustainability goals.
Risk acceptance and risk management is continually monitored by means of a framework of policies, procedures and internal controls. All such policies and procedures are overseen by the board of directors and senior management and are constantly under review to comply with statutory regulations and best practice.
The principal risks to the business are the general economic situation in the United Kingdom, with inflationary pressures and low confidence. The Group continues to offer credit terms to all established customers and the amount of credit offered is continually monitored in order to lessen the effect of any potential defaults, as well as a level of credit insurance in place.
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RUSSLAND INVESTMENTS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Liquidity and credit risks
The Group continues to generate cash to adequately fund its trading and reward its stakeholders, whilst also building funds to re-invest in the Group’s future expansion plans. The Board achieves a balance in liquidity through a robust program of budgeting, reforecasting and cash flow modelling, enabling it to invest surplus funds appropriately. The business monitors closely KPI’s on margin, liquidity and working capital as part of this process. The Group’s credit risk is managed through a number of management measures:
1.Very good market intelligence within the market sector
2.A cautious approach to the granting of credit facilities to new and existing customers, backed up with credit insurance cover.
3.A robust debt collection policy, internally by Credit Control and with the support of external professionals.
4.The Group’s well-established Supply Chain and Operations are a constant focus for the Board and senior management at their monthly meetings.
5.The Group maintains a prudent policy towards forward purchasing foreign currency to protect margins and address foreign currency exposure risk.
Development and performance
The Group results are determined by the performance of the main trading entity, Fixmart Limited. The Directors regard 2025 as an encouraging year, delivering strong growth. This performance was primarily driven by a return of customer confidence in projects awarded, together with our strategic focus on supporting clients, which had a direct and positive impact on both revenue and profitability. Although the market continues to exhibit uncertainty, particularly in the housing sector where demand remains under pressure, the Group has responded by broadening its approach to maintain targets and strengthen performance. Our continued investment in the business underpins our strong financial and strategic resilience, positioning us well to navigate current challenges and to capture future opportunities.
The director reported an operating profit of the Group of 16.5% for the year (2024: 12.9%).
The trading subsidiary, Fixmart Limited, reported an operating profit of 19.4% (2024: 16.6%) for the year ended 31 December 2025, continuing a track record of strong performance. At the year end, the Group had shareholders funds of £15,225,769 (2024: £13,673,965). The director believes the Group's position to be satisfactory, especially as the Group's current assets exceed its current liabilities by £9,784,234 (2024: £7,813,625), having a strong Group current ratio of 3.6 : 1 (2024: 4.4 : 1) at the end of the year.
This report was approved by the board and signed on its behalf.
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RUSSLAND INVESTMENTS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The director presents his report and the financial statements for the year ended 31 December 2025.
The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation and minority interests, amounted to £1,038,991 (2024 - £520,913).
No ordinary dividends were paid by the Company. Its subsidiary undertaking Fixmart Group Limited paid dividends amounting to £1,227,165 (2024: £2,717,207).
The director who served during the year was:
The Group continues to perform well and is constantly striving to serve customers with increasing excellent service to enhance performance and customer satisfaction.
The directors believe that there is a very strong foundation and have put together a strategic growth plan for the next three years. They will continue to develop the infrastructure to deliver this on plan.
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RUSSLAND INVESTMENTS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
There have been no significant events affecting the Company since the year end.
The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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RUSSLAND INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RUSSLAND INVESTMENTS LIMITED
We have audited the financial statements of Russland Investments Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated statement of comprehensive income, the Company balance sheet, the Consolidated statement of changes in equity, the Company statement of changes in equity, the Consolidated statement of cash flows, the Consolidated analysis of net debt, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
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RUSSLAND INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RUSSLAND INVESTMENTS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Director's report.
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RUSSLAND INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RUSSLAND INVESTMENTS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙Reviewing minutes of meetings of those charged with governance;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; and
∙Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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RUSSLAND INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RUSSLAND INVESTMENTS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Maidstone, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
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RUSSLAND INVESTMENTS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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RUSSLAND INVESTMENTS LIMITED
REGISTERED NUMBER: 14746623
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2025
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RUSSLAND INVESTMENTS LIMITED
REGISTERED NUMBER: 14746623
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026.
The notes on pages 18 to 37 form part of these financial statements.
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RUSSLAND INVESTMENTS LIMITED
REGISTERED NUMBER: 14746623
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 18 to 37 form part of these financial statements.
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