RAINBOWWAVE LIMITED

Company Registration Number:
04501620 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

RAINBOWWAVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

RAINBOWWAVE LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 0 15,000
Tangible assets: 4 110,000 117,000
Investments:   0 0
Total fixed assets: 110,000 132,000
Current assets
Stocks: 0 0
Debtors: 5 2,305,000 2,595,000
Cash at bank and in hand: 317,000 137,000
Total current assets: 2,622,000 2,732,000
Creditors: amounts falling due within one year: 6 (1,035,000) (1,433,000)
Net current assets (liabilities): 1,587,000 1,299,000
Total assets less current liabilities: 1,697,000 1,431,000
Creditors: amounts falling due after more than one year: 7   (37,000)
Total net assets (liabilities): 1,697,000 1,394,000
Capital and reserves
Called up share capital: 100,000 100,000
Other reserves: 33,000 33,000
Profit and loss account: 1,564,000 1,261,000
Shareholders funds: 1,697,000 1,394,000

The notes form part of these financial statements

RAINBOWWAVE LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Jonathan Whitwam
Status: Director

The notes form part of these financial statements

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 28 37

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 167,000
At 31 December 2024 167,000
Amortisation
At 01 January 2024 152,000
Charge for year 15,000
At 31 December 2024 167,000
Net book value
At 31 December 2024 0
At 31 December 2023 15,000

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 557,000
Additions 14,000
Disposals (116,000)
At 31 December 2024 455,000
Depreciation
At 01 January 2024 440,000
Charge for year 21,000
On disposals (116,000)
At 31 December 2024 345,000
Net book value
At 31 December 2024 110,000
At 31 December 2023 117,000

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Includes trade creditors, amount owed to group company, VAT and other creditors including a loan.

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

Balance is zero in 2024.

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Financial commitments

Relates to rent of head office in London.

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

9. Related party transactions

Name of the related party: Mouki Mou UK Limited
Relationship:
Owned by same majority shareholder.
Description of the Transaction: Loan of £462k that is short term and repayable.
£
Balance at 01 January 2024 422,000
Balance at 31 December 2024 462,000

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

10. Post balance sheet events

The ultimate holding company, Rainbowwave Holdings Limited, was 100% transferred to an Employee Ownership Trust on 20th March 2025. The initial contribution to the trust was £2.4m. Deferred payments to the former shareholders of £4.3m will be made from the future profits of the group.