Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07930620 Mr D Davies Miss S Davies Miss N L Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07930620 2024-01-31 07930620 2025-01-31 07930620 2024-02-01 2025-01-31 07930620 frs-core:CurrentFinancialInstruments 2025-01-31 07930620 frs-core:ComputerEquipment 2025-01-31 07930620 frs-core:ComputerEquipment 2024-02-01 2025-01-31 07930620 frs-core:ComputerEquipment 2024-01-31 07930620 frs-core:ShareCapital 2025-01-31 07930620 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07930620 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07930620 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07930620 frs-bus:SmallEntities 2024-02-01 2025-01-31 07930620 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07930620 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07930620 frs-bus:Director1 2024-02-01 2025-01-31 07930620 frs-bus:Director2 2024-02-01 2025-01-31 07930620 frs-bus:Director3 2024-02-01 2025-01-31 07930620 frs-countries:EnglandWales 2024-02-01 2025-01-31 07930620 2023-01-31 07930620 2024-01-31 07930620 2023-02-01 2024-01-31 07930620 frs-core:CurrentFinancialInstruments 2024-01-31 07930620 frs-core:ShareCapital 2024-01-31 07930620 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07930620
Rainbow Estates Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07930620
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 207 275
Investment Properties 5 500,000 500,000
500,207 500,275
CURRENT ASSETS
Debtors 6 2,207 4,324
Cash at bank and in hand 3,570 3,933
5,777 8,257
Creditors: Amounts Falling Due Within One Year 7 (515,534 ) (527,176 )
NET CURRENT ASSETS (LIABILITIES) (509,757 ) (518,919 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,550 ) (18,644 )
NET LIABILITIES (9,550 ) (18,644 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (9,650 ) (18,744 )
SHAREHOLDERS' FUNDS (9,550) (18,644)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Davies
Director
3 June 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Rainbow Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07930620 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year in relation to residential property rental.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment 25% reducing balance
2.5. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are
recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Computer equipment
£
Cost or Valuation
As at 1 February 2024 1,548
As at 31 January 2025 1,548
Depreciation
As at 1 February 2024 1,273
Provided during the period 68
As at 31 January 2025 1,341
Net Book Value
As at 31 January 2025 207
As at 1 February 2024 275
5. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 500,000
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,688 1,688
Deferred tax current asset 519 2,636
2,207 4,324
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,649 1,812
Corporation tax 100 100
Accruals and deferred income 2,596 1,140
Directors' loan accounts 511,189 524,124
515,534 527,176
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
10. Reserves
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable funds as detailed below:
2025
2024
£
£
Distributable profit and loss reserves
(17,761)
(26,855)
Non-distributable profit and loss reserves
8,112
8,112
image
image
(9,650)
image
(18,744)
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11. Related Party Transactions
The following related party transactions were undertaken during the year:
A director introduced £800 (2024 :£35,100) and withdrew £13,735 (2024: withdrew £3,571). At 31 January 2025 the balance payable was £511,189 (2024: £524,124).
A director introduced £Nil and withdrew £nil (2024: introduced £Nil and withdrew £14,827). At 31 January 2025 the balance payable was £Nil (2024: £nil).
Dividends were paid to the directors in respect of their shareholders totalling £Nil (2024: £Nil).
The aggregate remuneration paid to key management personnel for the year was £2,316 (2024: £13,956).
No further transactions with related parties were undertaken, other those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
12. Going Concern
The company is able to meet its day to day working capital requirements through the support of its directors. Therefore the directors consider it appropriate to prepare the financial statements on the going concern basis.

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