Registration number:
Rainbow Holdings (Crewe) Limited
for the Year Ended 31 December 2024
Rainbow Holdings (Crewe) Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Rainbow Holdings (Crewe) Limited
(Registration number: 12372875)
Balance Sheet as at 31 December 2024
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2023 |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Rainbow Holdings (Crewe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises of rents received and dividends from its subsidiary company.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Rainbow Holdings (Crewe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Investment property
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2024 |
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At 1 January |
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At 31 December |
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The fair value of the investment property was considered by the director at 31 December 2024 and was deemed to be £150,000.
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Rainbow Holdings (Crewe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Subsidiaries |
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Cost or valuation |
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At 1 January 2024 |
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Provision |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
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Subsidiary undertakings |
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7/9 Macon Court, Crewe, CW1 6EA England and Wales |
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Subsidiary undertakings |
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Rainbow Blinds (Crewe) Limited The principal activity of Rainbow Blinds (Crewe) Limited is |
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Debtors |
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Current |
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2023 |
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Other debtors |
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Rainbow Holdings (Crewe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Other creditors |
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Related party transactions |
At 31 December 2024 the Company's subsidiary Rainbow Blinds (Crewe) Limited owed £179,115 to the company. This loan is interest free and repayable on demand.