Company registration number 01161456 (England and Wales)
RUSSCHAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
RUSSCHAR LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RUSSCHAR LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investments
3
100
100
Current assets
Debtors falling due after more than one year
4
788,517
615,919
Debtors falling due within one year
4
-
0
57
Cash at bank and in hand
179,661
111,210
968,178
727,186
Creditors: amounts falling due within one year
5
(173,183)
(4,350)
Net current assets
794,995
722,836
Net assets
795,095
722,936
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
794,995
722,836
Total equity
795,095
722,936

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 August 2026 and are signed on its behalf by:
Ms FD Fine
Director
Company Registration No. 01161456
RUSSCHAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Russchar Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 7, Highview, 5 Holford Road, Hampstead, London, UK, NW3 1AG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. B asic financial instruments are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial instruments classified as receivable or payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

RUSSCHAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
3
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
100
100
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
-
0
57
RUSSCHAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
4
Debtors
(Continued)
- 4 -
2026
2025
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
788,517
615,919
Total debtors
788,517
615,976
5
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
170,348
-
0
Other creditors
2,835
4,350
173,183
4,350
2026-03-31 2025-04-01 false false false 14 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity Felicity Fine Dr M Levinkind Gatesvale Limited 01161456 2025-04-01 2026-03-31 01161456 2026-03-31 01161456 2025-03-31 01161456 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 01161456 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 01161456 core:WithinOneYear 2026-03-31 01161456 core:WithinOneYear 2025-03-31 01161456 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 01161456 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01161456 core:ShareCapital 2026-03-31 01161456 core:ShareCapital 2025-03-31 01161456 core:RetainedEarningsAccumulatedLosses 2026-03-31 01161456 core:RetainedEarningsAccumulatedLosses 2025-03-31 01161456 bus:Director1 2025-04-01 2026-03-31 01161456 2024-04-01 2025-03-31 01161456 core:Non-currentFinancialInstruments 2026-03-31 01161456 core:Non-currentFinancialInstruments 2025-03-31 01161456 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01161456 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01161456 bus:FRS102 2025-04-01 2026-03-31 01161456 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 01161456 bus:Director2 2025-04-01 2026-03-31 01161456 bus:CompanySecretary1 2025-04-01 2026-03-31 01161456 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP