Registration number: 05361653

Rainbow S&L Ltd

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Rainbow S&L Ltd

Company Information

Directors

Mrs N White Mr R J White

Registered office

The White House London Road Whimple Exeter Devon EX5 2PT

Accountants

Easterbrook Eaton Limited Chartered AccountantsCosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Rainbow S&L Ltd

(Registration number: 05361653)
Abridged Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,843,536	1,846,054
Current assets
Debtors	5	101,057	107,157
Cash at bank and in hand		540,083	520,833
		641,140	627,990
Prepayments and accrued income		407	397
Creditors: Amounts falling due within one year		(821,970)	(885,816)
Net current liabilities		(180,423)	(257,429)
Total assets less current liabilities		1,663,113	1,588,625
Accruals and deferred income		(18,626)	(350)
Net assets		1,644,487	1,588,275
Capital and reserves
Called up share capital	6	100	100
Revaluation reserve		839,863	839,863
Retained earnings		804,524	748,312
Shareholders' funds		1,644,487	1,588,275

For the financial year ending 31 January 2025 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2025 and signed on its behalf by:
 

......................................... Mr R J White Director

Rainbow S&L Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

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:
The White House
London Road
Whimple
Exeter
Devon
EX5 2PT

The principal place of business is:
Ormidale Square
Lowman Way
Tiverton
Devon
EX16 6SR

These financial statements were authorised for issue by the Board on 10 October 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 abridged 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 abridged 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 the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Rainbow S&L Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

The current income 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.

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, Fittings and Equipment	15% p.a. reducing balance basis.
Motor Vehicles	20% p.a. reducing balance basis.

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 9).

Rainbow S&L Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	1,952,303	25,198	31,253	2,008,754
At 31 January 2025	1,952,303	25,198	31,253	2,008,754
Depreciation
At 1 February 2024	121,285	15,406	26,009	162,700
Charge for the year	-	1,469	1,049	2,518
At 31 January 2025	121,285	16,875	27,058	165,218
Carrying amount
At 31 January 2025	1,831,018	8,323	4,195	1,843,536
At 31 January 2024	1,831,018	9,792	5,244	1,846,054

Included within the net book value of land and buildings above is £1,830,000 (2024 - £1,830,000) in respect of freehold land and buildings and £1,018 (2024 - £1,018) in respect of short leasehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

7	Related party transactions

Summary of transactions with parent

Rainbow Holdings (UK) Limited

Summary of transactions with associates

Rainbow Wholesale Limited
(Note - Included in Other Creditors is £50,000 due to Rainbow Wholesale Limited regarding management fees for the year to 31 January 2012.)

Rainbow S&L Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Expenditure with and payables to related parties

2025	Associates £
Purchase of goods	220,040
Amounts payable to related party	75,634

2024	Associates £
Purchase of goods	224,628
Amounts payable to related party	58,618

Loans from related parties

2025	Parent £	Associates £	Total £
At start of period	514,108	260,449	774,557
Repaid	(122)	(60,000)	(60,122)
At end of period	513,986	200,449	714,435

2024	Parent £	Associates £	Total £
At start of period	464,036	200,449	664,485
Advanced	50,072	60,000	110,072
At end of period	514,108	260,449	774,557