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REGISTERED NUMBER: 01174393 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Rainbow Over Clifton Limited

Rainbow Over Clifton Limited (Registered number: 01174393)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rainbow Over Clifton Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr E J C Wormald
Mr J C Nandha
Mr B F Spiers





SECRETARY: Mrs P Sidoli





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 01174393 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Rainbow Over Clifton Limited (Registered number: 01174393)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58 77
Investment property 5 271,490 271,490
271,548 271,567

CURRENT ASSETS
Debtors 6 5,462 4,082
Cash at bank 84,424 63,912
89,886 67,994
CREDITORS
Amounts falling due within one year 7 110,450 88,110
NET CURRENT LIABILITIES (20,564 ) (20,116 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,984

251,451

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 131,421 131,421
Retained earnings 9 119,463 119,930
SHAREHOLDERS' FUNDS 250,984 251,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:





Mr J C Nandha - Director


Rainbow Over Clifton Limited (Registered number: 01174393)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Rainbow Over Clifton Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& fittings
£   
COST
At 1 September 2022
and 31 August 2023 29,506
DEPRECIATION
At 1 September 2022 29,429
Charge for year 19
At 31 August 2023 29,448
NET BOOK VALUE
At 31 August 2023 58
At 31 August 2022 77

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 271,490
NET BOOK VALUE
At 31 August 2023 271,490
At 31 August 2022 271,490

Fair value at 31 August 2023 is represented by:
£   
Valuation in 1998 131,421
Cost 140,069
271,490

Rainbow Over Clifton Limited (Registered number: 01174393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,596 3,276
Prepayments 866 806
5,462 4,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,348 545
Taxation 5,520 5,431
Social security and other taxes 72 40
Other creditors 2,500 -
Directors' loan accounts 101,002 82,088
Accrued expenses 8 6
110,450 88,110

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2022 119,930 131,421 251,351
Profit for the year 23,533 23,533
Dividends (24,000 ) (24,000 )
At 31 August 2023 119,463 131,421 250,884

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 were paid to the directors .