REGISTERED NUMBER: 06695042 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2025

for

Russell Squared Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss K Russell

Mr A Russell

SECRETARY:

Miss K Russell

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

06695042 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investments

4

507,079

554,254

Investment property

5

495,000

510,000

1,002,079

1,064,254

CURRENT ASSETS

Cash at bank

249,324

248,898

CREDITORS

Amounts falling due within one year

6

466,823

472,943

NET CURRENT LIABILITIES

(217,499

)

(224,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

784,580

840,209

PROVISIONS FOR LIABILITIES

69,725

89,444

NET ASSETS

714,855

750,765

CAPITAL AND RESERVES

Called up share capital

9

902

902

Fair value reserve

10

256,413

302,452

Retained earnings

457,540

447,411

SHAREHOLDERS' FUNDS

714,855

750,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17th September 2026 and were signed on its behalf by:

Miss K Russell - Director

1.	STATUTORY INFORMATION

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

2.	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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Impairment of trade debtors - The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile of debtors and historical experience.

Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use.

Valuation of investment property - Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st October 2024

554,254

Disposals

(6,844

)

Revaluations

(40,331

)

At 30th September 2025

507,079

NET BOOK VALUE

At 30th September 2025

507,079

At 30th September 2024

554,254

Cost or valuation at 30th September 2025 is represented by:

Other

investments

£

Valuation in 2017

44,915

Valuation in 2018

39,430

Valuation in 2019

37,733

Valuation in 2020

44,698

Valuation in 2021

25,597

Valuation in 2022

(4,568

)

Valuation in 2023

27,742

Valuation in 2024

17,723

Valuation in 2025

(40,331

)

Cost

314,140

507,079

Fixed asset investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2024

510,000

Additions

21,800

Revaluations

(36,800

)

At 30th September 2025

495,000

NET BOOK VALUE

At 30th September 2025

495,000

At 30th September 2024

510,000

Fair value at 30th September 2025 is represented by:

£

Valuation in 2017

41,662

Valuation in 2018

7,990

Valuation in 2019

1,267

Valuation in 2020

13,663

Valuation in 2021

39,929

Valuation in 2022

55,513

Valuation in 2023

(10,024

)

Valuation in 2024

20,000

Valuation in 2025

(36,800

)

Cost

361,800

495,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

361,800

340,000

Investment property was valued on an open market basis on 30th September 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Directors' current accounts

465,767

471,934

Accrued expenses

1,056

1,009

466,823

472,943

7.	LEASING AGREEMENTS

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

8.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

2

Ordinary

£1

2

2

900

Ordinary B

£1

900

900

902

902

10.

RESERVES

Fair

value

reserve

£

At 1st October 2024

302,452

Assets revalued in period

(46,039

)

At 30th September 2025

256,413

11.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company was owed £125,127 (2024: £131,606) to a director. The balance is unsecured, interest-free and repayable on demand.

At the balance sheet date, the Company was owed £340,640 (2024: £340,328) to a director. The balance is unsecured, interest-free and repayable on demand.

13.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure in these financial statements.

14.	CASH AND CASH EQUIVALENTS

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.