We present photometric observations of the dwarf nova 1RXS J053234.9+624755. We performed a detailed analysis of the superoutburst that occurred in August 2009. We found the superhump period to be P-sh = 0.057122(14)days. Based on the O-C diagram we conclude that P-sh increased during the plateau at the rate of dP(sh)/dt = (9.24 +/- 1.4). 10(-5). Both the O-C analysis and evolution of the superhumps light curve favor the model in which superhumps originate in a variable source located in the vicinity of the hot spot. In addition, the evolution of the light curve suggests that the superhump light source approaches the disk plane as the superoutburst declines. Detailed analysis of the superoutburst plateau phase enabled us to detect a signal which we interpret as apsidal motion of the accretion disk. We detected additional modulations during the final stage of the superoutburst characterized by periods of 104 s and 188 s which we tentatively interpret as quasi periodic oscillations. Estimations of A(0) and A(n) are in agreement with the dependence between the amplitude of superhumps and the orbital inclination.