Registered number: SC379090
RAINBOW NURSERY (2010) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
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RAINBOW NURSERY (2010) LIMITED
COMPANY INFORMATION
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RAINBOW NURSERY (2010) LIMITED
REGISTERED NUMBER: SC379090
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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RAINBOW NURSERY (2010) LIMITED
REGISTERED NUMBER: SC379090
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 5 form part of these financial statements.
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RAINBOW NURSERY (2010) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Rainbow Nursery (2010) Limited is limited by shares and incorporated in Scotland, registration number SC379090. The address of the registered office is 8 Crofters Way, East Whiteburn, Bathgate, West Lothian EH47 8ES.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
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RAINBOW NURSERY (2010) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
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Investments in subsidiary companies
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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The bank loan is secured by a bond and floating charge over the assets of the company.
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Creditors: Amounts falling due after more than one year
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The bank loan is secured by a bond and floating charge over the assets of the company.
Loans of £779,143 (2022 - £718,225) fall due for payment in more than 5 years.
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RAINBOW NURSERY (2010) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
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Allotted, called up and fully paid
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25 (2022 - 25) A Ordinary shares of £1.00 each
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25 (2022 - 25) B Ordinary shares of £1.00 each
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25 (2022 - 25) C Ordinary shares of £1.00 each
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25 (2022 - 25) D Ordinary shares of £1.00 each
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