Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true52023-07-01false8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02567347 2023-07-01 2024-06-30 02567347 2022-07-01 2023-06-30 02567347 2024-06-30 02567347 2023-06-30 02567347 c:CompanySecretary1 2023-07-01 2024-06-30 02567347 c:Director1 2023-07-01 2024-06-30 02567347 c:Director2 2023-07-01 2024-06-30 02567347 c:Director3 2023-07-01 2024-06-30 02567347 c:RegisteredOffice 2023-07-01 2024-06-30 02567347 d:PlantMachinery 2023-07-01 2024-06-30 02567347 d:PlantMachinery 2024-06-30 02567347 d:PlantMachinery 2023-06-30 02567347 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02567347 d:FurnitureFittings 2023-07-01 2024-06-30 02567347 d:FurnitureFittings 2024-06-30 02567347 d:FurnitureFittings 2023-06-30 02567347 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02567347 d:OfficeEquipment 2023-07-01 2024-06-30 02567347 d:OfficeEquipment 2024-06-30 02567347 d:OfficeEquipment 2023-06-30 02567347 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02567347 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02567347 d:CurrentFinancialInstruments 2024-06-30 02567347 d:CurrentFinancialInstruments 2023-06-30 02567347 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02567347 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02567347 d:ShareCapital 2024-06-30 02567347 d:ShareCapital 2023-06-30 02567347 d:RetainedEarningsAccumulatedLosses 2024-06-30 02567347 d:RetainedEarningsAccumulatedLosses 2023-06-30 02567347 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-01 2024-06-30 02567347 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-06-30 02567347 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 02567347 c:FRS102 2023-07-01 2024-06-30 02567347 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02567347 c:FullAccounts 2023-07-01 2024-06-30 02567347 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02567347 2 2023-07-01 2024-06-30 02567347 6 2023-07-01 2024-06-30 02567347 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 02567347











 

RAINBOW LETTINGS LIMITED

FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 30 JUNE 2024

 
RAINBOW LETTINGS LIMITED
 

COMPANY INFORMATION


DIRECTORS
I. Grossnass 
I. M. Lerner 
J. Lerner 




COMPANY SECRETARY
I. Grossnass



REGISTERED NUMBER
02567347



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
RAINBOW LETTINGS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
RAINBOW LETTINGS LIMITED
REGISTERED NUMBER: 02567347

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,615
10,314

Investments
 5 
543,722
-

Current assets
  

Debtors
 6 
28,011
22,792

Cash at bank and in hand
  
198,533
137,943

  
226,544
160,735

Creditors: amounts falling due within one year
 7 
(758,535)
(299,226)

Net current liabilities
  
 
 
(531,991)
 
 
(138,491)

Other provisions
  
(89,112)
-

  
 
 
(89,112)
 
 
-

Net liabilities
  
(69,766)
(128,177)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(69,866)
(128,277)

Equity shareholders' deficit
  
(69,766)
(128,177)


Page 1

 
RAINBOW LETTINGS LIMITED
REGISTERED NUMBER: 02567347

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on  26 August 2025.




I. Grossnass
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Rainbow Lettings Limited (company number: 02567347) is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN.
The company's principal place of business is 60 Walm Lane, London, NW2 4RA.

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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

  
2.3

GOING CONCERN

At the Balance Sheet date, the Company had net liabilities of £69,809 (2023: £128,177). The Company relies on the support of the directors and its related parties, who will continue to support the Company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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 provided on the following basis:

Plant and machinery
-
20%
straight line
Fixtures and fittings
-
15%
straight line
Office equipment
-
33%
straight line

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment

 
2.7

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.

 
2.8

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 and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.10

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.11

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.13

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.14

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.15

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2023 - 5).

Page 5

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



COST


At 1 July 2023
84,544
85,409
1,587
171,540



At 30 June 2024

84,544
85,409
1,587
171,540



DEPRECIATION


At 1 July 2023
84,544
75,394
1,288
161,226


Charge for the year
-
2,427
272
2,699



At 30 June 2024

84,544
77,821
1,560
163,925



NET BOOK VALUE



At 30 June 2024
-
7,588
27
7,615



At 30 June 2023
-
10,015
299
10,314


5.


FIXED ASSET INVESTMENTS





Investments in subsidiaries

£



Cost or valuation


At 1 July 2023
-


Additions
543,722



At 30 June 2024
543,722




Page 6

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


DEBTORS

2024
2023
£
£

Due within one year

Trade debtors
-
5,178

Amounts owed by group undertakings
19,871
9,558

Prepayments and accrued income
8,140
8,056

28,011
22,792



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,674
12,760

Other taxation and social security
23,702
35,402

Amounts owed to group undertakings
7,286
-

Other creditors
689,066
244,414

Accruals and deferred income
21,680
6,650

Bank overdrafts
2,127
-

758,535
299,226



8.


PROVISIONS





Earn out provision

£





At 1 July 2023
-


Additions
89,112



At 30 June 2024
89,112


9.


PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £913 (2023: £1,788).
Contributions totalling £225 
(2023: £Nil) were payable to the fund at the Balance Sheet date and are included in creditors.

Page 7

 
RAINBOW LETTINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


RELATED PARTY TRANSACTIONS

Included within other creditors are amounts due to key management personnel of the Company of £58,000 (2023: £58,000).
Included within other creditors are amounts due to related parties, related through common control, of £453,537 (
2023: £60,000).
Included within other creditors are amounts due to the directors' of the company of £169 
(2023: £169)
During the year purchases of £99,228 (2022: £99,167) were made from related parties, related through common control, that provide key management personnel services to the Company.


Page 8