ACCOUNTS - Final Accounts preparation

Registered number: 10375939

RAINBOW PANDA PUB CO LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 14 MARCH 2025

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

RAINBOW PANDA PUB CO LTD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RAINBOW PANDA PUB CO LTD
FOR THE YEAR ENDED 14 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rainbow Panda Pub Co Ltd for the year ended 14 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Rainbow Panda Pub Co Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Rainbow Panda Pub Co Ltd and state those matters that we have agreed to state to the Board of Directors of Rainbow Panda Pub Co Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rainbow Panda Pub Co Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rainbow Panda Pub Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rainbow Panda Pub Co Ltd. You consider that Rainbow Panda Pub Co Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Rainbow Panda Pub Co Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther LLP

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

13 December 2025

Page 1

RAINBOW PANDA PUB CO LTD

REGISTERED NUMBER: 10375939

BALANCE SHEET

AS AT 14 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	6		191,428		205,875
			191,428		205,875
Current assets
Stocks	7	14,471		3,175
Debtors: amounts falling due within one year	8	107,436		192,184
Cash at bank and in hand	9	39,164		30,285
		161,071		225,644
Creditors: amounts falling due within one year	10	(123,051)		(289,537)
Net current assets/(liabilities)			38,020		(63,893)
Total assets less current liabilities			229,448		141,982

Net assets			229,448		141,982

Capital and reserves
Called up share capital	250	250
Profit and loss account	229,198	141,732
	229,448	141,982

Page 2

RAINBOW PANDA PUB CO LTD

REGISTERED NUMBER: 10375939

BALANCE SHEET (CONTINUED)

AS AT 14 MARCH 2025

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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 December 2025.

J A Woollard

Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

1.	General information

Rainbow Panda Pub Co Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10375939 and its registered address is Rylston, Lillie Road, London, England, SW6 7LW.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

2.3

Interest income

Interest income is recognised in the income statement using the effective interest method.

2.4

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 income statement 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.

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RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

2.Accounting policies (continued)

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the income statement.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Employees

The average monthly number of employees, including directors, during the year was 10 (2024 - 10).

Page 6

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

5.	Taxation

		2025	2024
		£	£

Corporation tax
Current tax on profits for the year	34,190	10,323
	34,190	10,323

Total current tax	34,190	10,323

Factors affecting tax charge for the year

The rate at which corporation tax is charged increased on 1 April 2023. The rate increased to 25% for companies whose taxable profits exceed £250,000. For companies with profits of less than £50,000, the current 19% rate will still apply. Companies with taxable profits between £50,000 and £250,000 will pay tax at the 25% rate reduced by a marginal relief such that overall, they will pay on a sliding scale between 19% and 25%. Deferred taxes at the balance sheet date have been measured using these enacted tax rates and reflected in these financial statements.

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

6.	Tangible fixed assets

		Short-term leasehold property
		£
	Cost or valuation
	At 15 March 2024	278,112
	At 14 March 2025	278,112
	Depreciation
	At 15 March 2024	72,237
	Charge for the period	14,447
	At 14 March 2025	86,684
	Net book value
	At 14 March 2025	191,428
	At 14 March 2024	205,875

7.	Stocks
		2025	2024
		£	£

Stocks	14,471	3,175
	14,471	3,175

Debtors

					2025	2024
					£	£


Other debtors	94,989	177,366
Prepayments and accrued income	12,447	14,818
	107,436	192,184

Page 8

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

9.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	39,164	30,285
	39,164	30,285

10.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	32,207	33,418
Corporation tax	21,975	10,323
Other taxation and social security	24,577	23,722
Other creditors	41,412	140,754
Accruals and deferred income	2,880	81,320
	123,051	289,537

The amounts included under Other taxation and social security and Other creditors represent liabilities due at the year end that have not yet been settled. The table below provides a breakdown of the principal components of these balances:

					2025	2024
					£	£

Other taxation and social security
PAYE/NI control	3,247	2,709
VAT control	21,331	21,014
	24,578	23,723

Page 9

RAINBOW PANDA PUB CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 MARCH 2025

11.	Transactions with directors

Included within the year end creditors balance is an amount due from the company to J Hooper of £24,400 (2024: £85,400). Throughout the year, total withdrawal of funds amounted to £61,000 (2024: £96,330), with total deposits of £Nil (2024: £141,000). The outstanding balance is unsecured, repayable on demand and not subject to interest.

Included within the year end creditors balance is an amount due from the company to P Lacey of £11,600 (2024: £40,600). Throughout the year, total withdrawal of funds amounted to £29,000 (2024: £35,765), with total deposits of £Nil (2024: £57,780). The outstanding balance is unsecured, repayable on demand and not subject to interest.

Included within the year end creditors balance is an amount due from the company to J Wollard of £4,000 (2024: £14,000). Throughout the year, total withdrawal of funds amounted to £10,000 (2024: £9,158), with total deposits of £Nil (2024: £23,158). The outstanding balance is unsecured, repayable on demand and not subject to interest.

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