Registration number: 04429371

Shanghai Rainbow Estate Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Shanghai Rainbow Estate Limited

Company Information

Directors

Mrs Janet Treacy Pierce Ms Xiaohong Liu

 

Company secretary

Mrs Janet Treacy Pierce

Registered office

8th Floor 1 Southampton Street London WC2R 0LR

Accountants

Charter Tax Consulting Limited 8th Floor 1 Southampton Street London WC2R 0LR

Shanghai Rainbow Estate Limited

(Registration number: 04429371)
Balance Sheet as at 31 December 2024

	Note	2024 €	2023 €
Fixed assets
Investment property	5	3,500,000	3,500,000
Other financial assets	6	255,130	248,736
		3,755,130	3,748,736
Current assets
Debtors	7	4,755	8,599
Cash at bank and in hand		3,643	8,459
		8,398	17,058
Creditors: Amounts falling due within one year	8	(4,849,200)	(4,776,379)
Net current liabilities		(4,840,802)	(4,759,321)
Total assets less current liabilities		(1,085,672)	(1,010,585)
Provisions for liabilities		-	(39,026)
Net liabilities		(1,085,672)	(1,049,611)
Capital and reserves
Called up share capital		1,616	1,616
Other reserves		425,691	425,691
Retained earnings		(1,512,979)	(1,476,918)
Shareholders' deficit		(1,085,672)	(1,049,611)

Shanghai Rainbow Estate Limited

(Registration number: 04429371)
Balance Sheet as at 31 December 2024

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:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

Mrs Janet Treacy Pierce Company secretary and director

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
8th Floor
1 Southampton Street
London
WC2R 0LR
U.K.

These financial statements were authorised for issue by the Board on 30 September 2025.

2	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.

These financial statements have been prepared and presented in Euros (€) which is the functional currency of the company. The financial statements are rounded to the nearest whole €.

Going concern

The financial statements have not been prepared on a going concern basis as the company intends to cease trading within 12 months of the signing date of these financial statements. The material assets of the company are not expected to be disposed of until 31 December 2025 and were not held for sale at the balance sheet date, therefore have remained within fixed assets in these financial statements.

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Judgements

No significant judgements have been made by management in the preparation of these financial statements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred 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.

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Straight line
Security equipment	25% Straight line
Arbour	25% Straight line

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments, whether current or long-term are derived from current market prices as at the balance sheet date. Any changes to the market value of investments held are recognised in profit or loss with gains and losses transferred from a distributable reserve to a non-distributable reserve until those gains or losses are realised on disposal.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
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, loans to related parties and investments in listed securities.
 

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Tangible assets

	Furniture, fittings and equipment  €	Other property, plant and equipment €	Total €
Cost or valuation
At 1 January 2024	17,800	7,000	24,800
At 31 December 2024	17,800	7,000	24,800
Depreciation
At 1 January 2024	17,800	7,000	24,800
At 31 December 2024	17,800	7,000	24,800
Carrying amount
At 31 December 2024	-	-	-

5	Investment properties

	2024 €
At 1 January 2024	3,500,000
At 31 December 2024	3,500,000

There has been a valuation of the investment property by an independent valuer after the balance sheet date on 7th April 2025. The value remained unchanged from the market value of €3,500,000 as at 31 December 2023 and 31 December 2024 and therefore no change in market value of the property is required.

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Other financial assets (current and non-current)

	Other financial assets €	Total €
Non-current financial assets
Cost or valuation
At 1 January 2024	248,736	248,736
Disposals	(8,489)	(8,489)
Fair value adjustments	14,995	14,995
Foreign exchange revaluation	(112)	(112)
At 31 December 2024	255,130	255,130
Carrying amount
At 31 December 2024	255,130	255,130

7

Debtors

	2024 €	2023 €
Prepayments	4,755	8,599
	4,755	8,599

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 €	2023 €
Due within one year
Loans and borrowings	9	-	323
Trade creditors		7,104	10,489
Other creditors		4,842,096	4,765,567
		4,849,200	4,776,379

Shanghai Rainbow Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Current loans and borrowings

	2024 €	2023 €
Bank overdrafts	-	323

10	Related party transactions

Summary of transactions with other related parties

Ms X Liu, a director and controlling party of the company was owed €4,842,096 (2023- €4,765,567) from the company at the balance sheet date. No interest has been charged on the loan and it is repayable on demand.The shareholder confirms that they will not withdraw the shareholder loan unless and until the company has sufficient funds.

11	Off-balance sheet arrangements

Non adjusting post balance sheet event
As at the balance sheet date, the company owns an investment property which has a market value of €3,500,000. The directors have agreed to sell the property to the shareholder by 31 December 2025, at its market value of €3,500,000.