Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr A J Candy 14 October 2024 The principal activity of the company is that of land and property letting.

On 31 March 2024, the companies trade has been ceased and the director intends to have the company wound up in the foreseeable future.
02102018 2024-03-31 02102018 2023-03-31 02102018 core:CurrentFinancialInstruments 2024-03-31 02102018 core:CurrentFinancialInstruments 2023-03-31 02102018 core:ShareCapital 2024-03-31 02102018 core:ShareCapital 2023-03-31 02102018 core:RetainedEarningsAccumulatedLosses 2024-03-31 02102018 core:RetainedEarningsAccumulatedLosses 2023-03-31 02102018 core:LandBuildings 2023-03-31 02102018 core:PlantMachinery 2023-03-31 02102018 core:LandBuildings 2024-03-31 02102018 core:PlantMachinery 2024-03-31 02102018 bus:OrdinaryShareClass1 2024-03-31 02102018 2023-04-01 2024-03-31 02102018 bus:FilletedAccounts 2023-04-01 2024-03-31 02102018 bus:SmallEntities 2023-04-01 2024-03-31 02102018 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02102018 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02102018 bus:Director1 2023-04-01 2024-03-31 02102018 core:LandBuildings core:TopRangeValue 2023-04-01 2024-03-31 02102018 core:PlantMachinery 2023-04-01 2024-03-31 02102018 2022-04-01 2023-03-31 02102018 core:LandBuildings 2023-04-01 2024-03-31 02102018 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02102018 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02102018 (England and Wales)

RAINBOW PIGS COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

RAINBOW PIGS COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

RAINBOW PIGS COMPANY LIMITED

BALANCE SHEET

As at 31 March 2024
RAINBOW PIGS COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 133,409
0 133,409
Current assets
Debtors 4 0 7,624
Cash at bank and in hand 36,684 39,011
36,684 46,635
Creditors: amounts falling due within one year 5 ( 13,000) ( 6,673)
Net current assets 23,684 39,962
Total assets less current liabilities 23,684 173,371
Net assets 23,684 173,371
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 22,684 172,371
Total shareholders' funds 23,684 173,371

For the financial year ending 31 March 2024 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 Pigs Company Limited (registered number: 02102018) were approved and authorised for issue by the Director on 14 October 2024. They were signed on its behalf by:

Mr A J Candy
Director
RAINBOW PIGS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
RAINBOW PIGS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rainbow Pigs Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Edneys Farm, Mells, Frome, Somerset, BA11 3RF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

On 31 March 2024, the companies trade has been ceased and the director intends to have the company wound up in the foreseeable future. As a result the financial statements have been prepared on a basis other than going concern basis of preparation.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2023 335,962 141,118 477,080
Disposals ( 335,962) ( 141,118) ( 477,080)
At 31 March 2024 0 0 0
Accumulated depreciation
At 01 April 2023 204,908 138,763 343,671
Disposals ( 204,908) ( 138,763) ( 343,671)
At 31 March 2024 0 0 0
Net book value
At 31 March 2024 0 0 0
At 31 March 2023 131,054 2,355 133,409

4. Debtors

2024 2023
£ £
Trade debtors 0 7,624

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 3,760
Other creditors 13,000 2,913
13,000 6,673

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000