Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false12023-03-01publishing of music, multi media and software, the copy writing of music, multim media and computer software, music education and product licencing.1truetrue 03843736 2023-03-01 2024-02-29 03843736 2022-03-01 2023-02-28 03843736 2024-02-29 03843736 2023-02-28 03843736 c:Director1 2023-03-01 2024-02-29 03843736 d:PlantMachinery 2023-03-01 2024-02-29 03843736 d:PlantMachinery 2024-02-29 03843736 d:PlantMachinery 2023-02-28 03843736 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03843736 d:CurrentFinancialInstruments 2024-02-29 03843736 d:CurrentFinancialInstruments 2023-02-28 03843736 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 03843736 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03843736 d:ShareCapital 2024-02-29 03843736 d:ShareCapital 2023-02-28 03843736 d:RetainedEarningsAccumulatedLosses 2024-02-29 03843736 d:RetainedEarningsAccumulatedLosses 2023-02-28 03843736 c:FRS102 2023-03-01 2024-02-29 03843736 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03843736 c:FullAccounts 2023-03-01 2024-02-29 03843736 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03843736 2 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 03843736






RAINBOW MEDIA PUBLISHING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










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RAINBOW MEDIA PUBLISHING LIMITED
REGISTERED NUMBER:03843736

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
28
37

  
28
37

Current assets
  

Stocks
  
12,000
12,000

Debtors: amounts falling due within one year
 5 
16,293
5,890

Cash at bank and in hand
 6 
10,052
10,237

  
38,345
28,127

Creditors: amounts falling due within one year
 7 
(27,678)
(24,941)

Net current assets
  
 
 
10,667
 
 
3,186

Total assets less current liabilities
  
10,695
3,223

  

Net assets
  
10,695
3,223


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
10,693
3,221

  
10,695
3,223


Page 1

 
RAINBOW MEDIA PUBLISHING LIMITED
REGISTERED NUMBER:03843736
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges his 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: 




................................................
P D Rayner-Brown
Director

Date: 29 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RAINBOW MEDIA PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Rainbow Media Publishing Limited is a private company limited by shares, incorporated in England and
Wales. Its registered office is St Giles Cottage, Langridge Lane, Haywards Heath, West Sussex, RH16
3LG.
The principal activity of the company continued to be that of the publishing of music, multi media and
software, the copy writing of music, multi media and computer software, music education and media
product licencing

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
RAINBOW MEDIA PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RAINBOW MEDIA PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).

Page 5

 
RAINBOW MEDIA PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
1,688



At 29 February 2024

1,688



Depreciation


At 1 March 2023
1,651


Charge for the year on owned assets
9



At 29 February 2024

1,660



Net book value



At 29 February 2024
28



At 28 February 2023
37

Page 6

 
RAINBOW MEDIA PUBLISHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Amounts owed by group undertakings
16,263
5,860

Tax recoverable
30
30

16,293
5,890



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
10,052
10,237

10,052
10,237



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
533
310

Amounts owed to group undertakings
22,078
20,878

Corporation tax
1,755
395

Other creditors
1,782
1,828

Accruals and deferred income
1,530
1,530

27,678
24,941


 
Page 7