Rainbow Lounge Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14550512

Rainbow Lounge Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Rainbow Lounge Limited

Statement of Financial Position

31 December 2024

		Period from
	Year to	20 Dec 22 to
	31 Dec 24	31 Dec 23
	£	£
Fixed assets	579,241	573,008
	---------	---------

Current assets	110,663	72,079

Creditors: amounts falling due within one year	758,855	642,300
	---------	---------
Net current liabilities	( 648,192)	( 570,221)
	---------	---------
Total assets less current liabilities	( 68,951)	2,787

Accruals and deferred income	3,000	2,000
	--------	-------
	(71,951)	787
	--------	-------

Capital and reserves	( 71,951)	787
	--------	----

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2023: 9 ).

2. Directors' advances, credits and guarantees

During the year loans were provided to the company by the directors. The balances at the beginning of the year amounted to £634,900 and at the end of the year amounted to £725,909. Interest at a rate of 8% was payable on the loans during the year.

For the 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:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 17 April 2025 , and are signed on behalf of the board by:

Mrs T Clayton	Mr D Clayton
Director	Director

Company registration number: 14550512

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 141 Staplegrove Road, Taunton, Somerset, TA2 6AF.