D J Russell Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04125638 (England and Wales)

D J RUSSELL PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Burgin

D J Russell

Mrs K S Russell

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

Shire Court

West Street

Dunstable

Bedfordshire

LU6 1NX

REGISTERED NUMBER:

04125638 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

847,953

847,953

CURRENT ASSETS

Cash at bank

28,340

8,553

CREDITORS

Amounts falling due within one year

5

522,804

529,548

NET CURRENT LIABILITIES

(494,464

)

(520,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

353,489

326,958

CAPITAL AND RESERVES

Called up share capital

6

100

100

Fair value reserve

7

139,202

139,202

Retained earnings

7

214,187

187,656

SHAREHOLDERS' FUNDS

353,489

326,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2021 and were signed on its behalf by:

D J Russell - Director

Mrs K S Russell - Director

1.	STATUTORY INFORMATION

D J Russell Property 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.

Tangible fixed assets

No depreciation is charged on the properties. The directors are of the opinion that the values exceed that amount shown in the accounts.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2020

and 31 December 2020

847,953

NET BOOK VALUE

At 31 December 2020

847,953

At 31 December 2019

847,953

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

1,322

1,674

Corporation tax

6,223

5,597

Directors' current accounts

514,059

521,077

Accrued expenses

1,200

1,200

522,804

529,548

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

90

Ordinary

£1

90

90

10

Ordinary-A

£1

10

10

100

100

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2020

187,656

139,202

326,858

Profit for the year

26,531

26,531

At 31 December 2020

214,187

139,202

353,389

8.	RELATED PARTY DISCLOSURES