Company Registration No. 06767979 (England and Wales)
Rainbow Trade Ltd
Unaudited accounts
for the year ended 31 March 2025
Rainbow Trade Ltd
Unaudited accounts
Contents
Rainbow Trade Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr J A Cope
Mrs T M Cope
Joseph Aryeh Cope
Company Number
06767979 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
England
Accountants
1g Accountants
Churchill House
137-139 Brent Street
London
NW4 4DJ
Rainbow Trade Ltd
Statement of financial position
as at 31 March 2025
Debtors
3,041,940
2,746,635
Cash at bank and in hand
30,212
96,390
Creditors: amounts falling due within one year
(368,049)
(352,773)
Net current assets
2,704,103
2,490,252
Total assets less current liabilities
2,731,901
2,491,633
Creditors: amounts falling due after more than one year
(2,236)
(12,439)
Net assets
2,729,665
2,479,194
Called up share capital
100
100
Profit and loss account
2,729,565
2,479,094
Shareholders' funds
2,729,665
2,479,194
For the year ending 31 March 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Joseph Aryeh Cope
Director
Company Registration No. 06767979
Rainbow Trade Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rainbow Trade Ltd is a private company, limited by shares, registered in England and Wales, registration number 06767979. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Fixed assets investments are initially recorded at cost, and subsequently stated at cost less ant accumulated losses. Listed investments are measured at fair value with the changes in fair value being recognised in profit and loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Rainbow Trade Ltd
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
5
Investments
Other investments
Valuation at 1 April 2024
250
Valuation at 31 March 2025
26,950
The company holds 250 £1 ordinary shares in Totally Global Logistic Ltd, a company registered in England with registration number 15024657.
Amounts falling due within one year
Trade debtors
336,000
456,300
Other debtors
2,705,371
2,290,335
Amounts falling due after more than one year
Rainbow Trade Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
90,690
10,000
Taxes and social security
92,070
54,532
Other creditors
70,176
176,256
Loans from directors
-
(12,928)
8
Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
Included in other debtors are the following amounts due from companies connected with the company by virtue of common control or management. These amounts are interest-free and repayable on demand.
Ladywood Properties Ltd: £80,349 (2024: £62,849)
RT Estates Ltd: £1,865,213 (2024: £1,820,713)
RT Freeholds Ltd: £3,274 (2024: £3,274)
Bartek Ltd: £238,500 (2024: £196,500)
Berrys Estates Ltd: £425,000 (2024: nil)
Darell Estates Ltd: £785.59 (2024: £56,414 creditor)
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Average number of employees
During the year the average number of employees was 4 (2024: 4).