Russell Chambers Ltd

07647246 (England and Wales)

Albany House Claremont Lane Esher Surrey KT10 9FQ United Kingdom

Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ

Tangible assets

158,152 

152,437 

Investments

4,173,526 

4,005,437 

Debtors

667,395 

81,559 

Cash at bank and in hand

676,422 

1,356,796 

(223,904)

(216,539)

Deferred tax

(39,538)

(38,109)

Called up share capital

3 

3 

Profit and loss account

5,412,050 

5,341,578 

For the year ending 31 March 2023 the company was entitled to exemption from audit 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 financial statements were approved by the Board and authorised for issue on 22 May 2024 and were signed on its behalf by

Mr R E Chambers Director Company Registration No. 07647246

Russell Chambers Ltd is a private company, limited by shares, registered in England and Wales, registration number 07647246. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the statement of income and retained earnings within 'other operating income'.

Interest income is recognised in the statement of income and retained earnings using the effective interest method.

Finance costs are charged to the statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Motor vehicles

Fixtures & fittings

Computer equipment

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

At cost 

At cost 

At cost 

At 1 April 2022

62,945 

141,681 

- 

204,626 

Additions

51,510 

- 

474 

51,984 

Disposals

(60,100)

- 

- 

(60,100)

At 31 March 2023

At 1 April 2022

38,021 

14,168 

- 

52,189 

Charge for the year

14,428 

12,751 

53 

27,232 

On disposals

(41,063)

- 

- 

(41,063)

At 31 March 2023

At 31 March 2023

At 31 March 2022

Valuation at 1 April 2022

4,005,437 

Additions

168,089 

Valuation at 31 March 2023

Trade debtors

30,000 

72,859 

Accrued income and prepayments

- 

8,700 

Other debtors

637,395 

- 

Trade creditors

480 

2,598 

Taxes and social security

202,883 

160,456 

Other creditors

17,199 

34,193 

Loans from directors

- 

15,950 

Accruals

3,342 

3,342 

Allotted, called up and fully paid:

2 A ordinary shares of of £1 each

2 

2 

1 B ordinary share of of £1 each

1 

1 

- 

476,557 

- 

476,557 

During the year the average number of employees was 1 (2022: 1).