Company registration number 02072668 (England and Wales)
RAINLAWN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
RAINLAWN LIMITED
CONTENTS
Page
Accountants' report
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5 - 7
RAINLAWN LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr Jeffery Keller
Mr K J Jarvis
Company number
02072668
Registered office
5th Floor
Watson House
54-60 Baker Street
London
United Kingdom
W1U 7BU
Accountants
King & King
Chartered Accountants
5th Floor
Watson House
54-60 Baker Street
London
United Kingdom
W1U 7BU
RAINLAWN LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RAINLAWN LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2021
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rainlawn Limited for the year ended 30 November 2021 which comprise, the statement of financial position, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation

This report is made solely to the Board of Directors of Rainlawn Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Rainlawn Limited and state those matters that we have agreed to state to the Board of Directors of Rainlawn Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rainlawn Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Rainlawn Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rainlawn Limited. You consider that Rainlawn Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rainlawn Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

King & King
31 August 2022
Chartered Accountants
5th Floor
Watson House
54-60 Baker Street
London
United Kingdom
W1U 7BU
RAINLAWN LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2021
30 November 2021
- 3 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
4
7,323
7,743
Creditors: amounts falling due within one year
5
(2,040)
(2,040)
Net current assets
5,283
5,703
Capital and reserves
Called up share capital
55,704
55,704
Profit and loss reserves
(50,421)
(50,001)
Total equity
5,283
5,703

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2021 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.

The 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 31 August 2022 and are signed on its behalf by:
Mr K J Jarvis
Director
Company Registration No. 02072668
RAINLAWN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 4 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 December 2019
55,704
(49,581)
6,123
Year ended 30 November 2020:
Loss and total comprehensive income for the year
-
(420)
(420)
Balance at 30 November 2020
55,704
(50,001)
5,703
Year ended 30 November 2021:
Loss and total comprehensive income for the year
-
(420)
(420)
Balance at 30 November 2021
55,704
(50,421)
5,283
RAINLAWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 5 -
1
Accounting policies
Company information

Rainlawn Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, Watson House, 54-60 Baker Street, London, United Kingdom, W1U 7BU.

1.1
Accounting convention

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 amounts 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.

1.2
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RAINLAWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
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 amount 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 that are 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2021
2020
Number
Number
Total
2
1
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
7,323
7,743
5
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
2,040
2,040
RAINLAWN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 7 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company, Citywide Properties Limited, Citywide (Holdings) Limited and Jarvis Keller Holdings Limited are under common control.
At the balance sheet date, the company was owed an amount of £1,372 (2020: £1,372) from J B Keller and an amount of £1,379 (2020: £1,379) from K J Jarvis.
7
Parent company
The immediate parent company is Citywide (Holdings) Limited and the ultimate parent company is Jarvis Keller Holdings Limited. The registered office address of both companies is 5th Floor Watson House, 54 - 60 Baker Street, London W1U 7BU.
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