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REGISTERED NUMBER: 01174393 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Rainbow Over Clifton Limited

Rainbow Over Clifton Limited (Registered number: 01174393)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rainbow Over Clifton Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr E J C Wormald
Mr J C Nandha
Mr B F Spiers





SECRETARY: Mrs P Sidoli





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 01174393 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Rainbow Over Clifton Limited (Registered number: 01174393)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43 58
Investment property 5 271,490 271,490
271,533 271,548

CURRENT ASSETS
Debtors 6 7,331 5,462
Cash at bank 88,295 84,424
95,626 89,886
CREDITORS
Amounts falling due within one year 7 119,542 110,450
NET CURRENT LIABILITIES (23,916 ) (20,564 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,617

250,984

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 131,421 131,421
Retained earnings 9 116,096 119,463
SHAREHOLDERS' FUNDS 247,617 250,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr J C Nandha - Director


Rainbow Over Clifton Limited (Registered number: 01174393)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Rainbow Over Clifton 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& fittings
£   
COST
At 1 September 2023
and 31 August 2024 29,506
DEPRECIATION
At 1 September 2023 29,448
Charge for year 15
At 31 August 2024 29,463
NET BOOK VALUE
At 31 August 2024 43
At 31 August 2023 58

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 271,490
NET BOOK VALUE
At 31 August 2024 271,490
At 31 August 2023 271,490

Fair value at 31 August 2024 is represented by:
£   
Valuation in 1998 131,421
Cost 140,069
271,490

Rainbow Over Clifton Limited (Registered number: 01174393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,771 4,596
Prepayments 2,560 866
7,331 5,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,518 1,348
Taxation 2,729 5,520
Social security and other taxes 72 72
Other creditors 2,644 2,500
Directors' loan accounts 112,006 101,002
Accrued expenses 573 8
119,542 110,450

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 119,463 131,421 250,884
Profit for the year 11,633 11,633
Dividends (15,000 ) (15,000 )
At 31 August 2024 116,096 131,421 247,517