Silverfin false false 31/10/2023 31/10/2023 01/11/2022 The principal activity of the Company during the financial period was that of using the latest technologies to match farmers' produce data with food buyers' interest in real-time. M-E Proca 23/10/2020 12969821 2023-10-31 12969821 bus:Director1 2023-10-31 12969821 2022-10-31 12969821 core:CurrentFinancialInstruments 2023-10-31 12969821 core:CurrentFinancialInstruments 2022-10-31 12969821 2022-11-01 2023-10-31 12969821 bus:Micro-entities 2022-11-01 2023-10-31 12969821 bus:FilletedAccounts 2022-11-01 2023-10-31 12969821 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12969821 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12969821 bus:Director1 2022-11-01 2023-10-31 12969821 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 12969821 (England and Wales)

RAINBOW PHI LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

RAINBOW PHI LTD

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 October 2023

Contents

RAINBOW PHI LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
RAINBOW PHI LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTOR M-E Proca
REGISTERED OFFICE C/O Harrison Clark Rickerbys Limited
62 Cornhill
London
EC3V 3NH
United Kingdom
COMPANY NUMBER 12969821 (England and Wales)
CHARTERED ACCOUNTANTS GRAVITA III LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
RAINBOW PHI LTD

BALANCE SHEET

As at 31 October 2023
RAINBOW PHI LTD

BALANCE SHEET (continued)

For the financial year ended 31 October 2023
2023 2022
£ £
Fixed assets 11,741 571
Current assets 22,926 41,199
Creditors: amounts falling due within one year ( 538,915) ( 321,879)
Net current liabilities ( 515,989) ( 280,680)
Total assets less current liabilities ( 504,248) ( 280,109)
Accruals and deferred income ( 3,973) ( 20,140)
Net liabilities ( 508,221) ( 300,249)
Capital and reserves ( 508,221) ( 300,249)

For the financial 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.

Director's responsibilities:

The financial statements of Rainbow Phi Ltd (registered number: 12969821) were approved and authorised for issue by the director on 03 September 2024 and were signed on its behalf by:

M-E Proca
Director
RAINBOW PHI LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
RAINBOW PHI LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 October 2023

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 12969821). The address of its registered office is C/O Harrison Clark Rickerbys Limited, 62 Cornhill, London, EC3V 3NH, United Kingdom.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including the director 3 1

3. Guarantees and other financial commitments

Other financial commitments
2023 2022
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 33,000 39,600

4. Going Concern

The director has assessed the Balance sheet and likely future cash flows at the date of approving these financial statements. The director notes that the Company is in its initial stages of development and is not revenue generating yet. The Company continues to be supported through a loan from the director providing funds when needed. The director has confirmed that the funding will continue to be available for at least 12 months from the date of signing these financial statements and the director confirms they have the ability to continue this funding. As a result, The director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.