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Company Registration No. 13660344 (England and Wales)
RAINBOW PROPERTY KHT LTD Unaudited accounts for the year ended 31 October 2023
RAINBOW PROPERTY KHT LTD Unaudited accounts Contents
Page
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RAINBOW PROPERTY KHT LTD Company Information for the year ended 31 October 2023
Director
Kibrom Michael YOHANNES
Company Number
13660344 (England and Wales)
Registered Office
575 HAREHILLS LANE LEEDS LS9 6LG ENGLAND
Accountants
DAS Financials Unity Business Centre 26 Roundhay Road Leeds LS7 1AB
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RAINBOW PROPERTY KHT LTD Statement of financial position as at 31 October 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
111,488 
Current assets
Cash at bank and in hand
7,668 
Creditors: amounts falling due within one year
(312)
Net current assets
7,356 
Total assets less current liabilities
118,844 
Creditors: amounts falling due after more than one year
(117,548)
Net assets
1,296 
Capital and reserves
Called up share capital
1 
Profit and loss account
1,295 
Shareholders' funds
1,296 
For the year ending 31 October 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
Kibrom Michael YOHANNES Director Company Registration No. 13660344
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RAINBOW PROPERTY KHT LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
RAINBOW PROPERTY KHT LTD is a private company, limited by shares, registered in England and Wales, registration number 13660344. The registered office is 575 HAREHILLS LANE, LEEDS, LS9 6LG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation and amortization applies to Land & Building
Plant & machinery
20% on the diminishing balance method
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
- 
- 
Additions
110,248 
1,550 
111,798 
At 31 October 2023
110,248 
1,550 
111,798 
Depreciation
Charge for the year
- 
310 
310 
At 31 October 2023
- 
310 
310 
Net book value
At 31 October 2023
110,248 
1,240 
111,488 
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RAINBOW PROPERTY KHT LTD Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
312 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Loans from directors
117,548 
7
Average number of employees
During the year the average number of employees was 0.
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