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REGISTERED NUMBER: 08217823 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Rainbar Limited

Rainbar Limited (Registered number: 08217823)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rainbar Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr K S Patel





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 08217823 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

Rainbar Limited (Registered number: 08217823)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 62,437 31,649

CURRENT ASSETS
Inventories 3,031 2,698
Debtors 5 195 -
Cash at bank and in hand 14,849 13,197
18,075 15,895
CREDITORS
Amounts falling due within one year 6 62,273 41,408
NET CURRENT LIABILITIES (44,198 ) (25,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,239

6,136

CREDITORS
Amounts falling due after more than one
year

7

(153,816

)

(137,887

)

PROVISIONS FOR LIABILITIES 8 - (123 )
NET LIABILITIES (135,577 ) (131,874 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (136,577 ) (132,874 )
SHAREHOLDERS' FUNDS (135,577 ) (131,874 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rainbar Limited (Registered number: 08217823)

Balance Sheet - continued
30 September 2023


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 director and authorised for issue on 9 August 2024 and were signed by:





Mr K S Patel - Director


Rainbar Limited (Registered number: 08217823)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Rainbar 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bar and Kitchen Equipments - 20% on reducing balance
Fixtures and Fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Rainbar Limited (Registered number: 08217823)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. PROPERTY, PLANT AND EQUIPMENT
Bar and Fixtures
Kitchen and Motor
Equipments Fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 51,194 74,143 9,900 135,237
Additions 12,328 34,070 - 46,398
At 30 September 2023 63,522 108,213 9,900 181,635
DEPRECIATION
At 1 October 2022 38,040 59,703 5,845 103,588
Charge for year 5,097 9,702 811 15,610
At 30 September 2023 43,137 69,405 6,656 119,198
NET BOOK VALUE
At 30 September 2023 20,385 38,808 3,244 62,437
At 30 September 2022 13,154 14,440 4,055 31,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 195 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,377
Trade creditors 2,025 1,448
Taxation and social security 40,441 18,439
Other creditors 9,807 11,144
62,273 41,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 19,167 29,167
Other creditors 134,649 108,720
153,816 137,887

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 134,649 108,720

Rainbar Limited (Registered number: 08217823)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. PROVISIONS FOR LIABILITIES
30.9.22
£   
Deferred tax 123

Deferred
tax
£   
Balance at 1 October 2022 123
Accelerated capital allowances (318 )
Balance at 30 September 2023 (195 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 October 2022 (132,874 )
Deficit for the year (3,703 )
At 30 September 2023 (136,577 )