REGISTERED NUMBER: 12248992 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

THE RAINBOW EASTBOURNE LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

54,363

62,378

CURRENT ASSETS

Stocks

6

7,778

6,232

Debtors

7

48,428

38,178

Cash at bank and in hand

13,700

6,998

69,906

51,408

CREDITORS

Amounts falling due within one year

8

238,921

145,656

NET CURRENT LIABILITIES

(169,015

)

(94,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(114,652

)

(31,870

)

CREDITORS

Amounts falling due after more than one year

9

-

(7,362

)

PROVISIONS FOR LIABILITIES

11

-

(104

)

NET LIABILITIES

(114,652

)

(39,336

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

(114,752

)

(39,436

)

SHAREHOLDERS' FUNDS

(114,652

)

(39,336

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

Miss S Simes - Director

1.	STATUTORY INFORMATION

The Rainbow Eastbourne Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12248992

Registered office:

37-39 South Street

Eastbourne

East Sussex

BN21 4UP

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The directors have confirmed their intention to continue their support to the company for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable of food and drinks served to customers. This is net of any discounts and VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and conditions.

At each reporting date, an assessment is made for the impairment due to obsolescence or slow movement. Any excess of the carrying amount of stocks over its estimates selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 3 ).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

121,718

Additions

1,533

At 31 March 2025

123,251

DEPRECIATION

At 1 April 2024

59,340

Charge for year

9,548

At 31 March 2025

68,888

NET BOOK VALUE

At 31 March 2025

54,363

At 31 March 2024

62,378

6.

STOCKS

2025

2024

£

£

Stocks

7,778

6,232

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

4,605

23,234

Amounts owed by group undertakings

17,235

-

Other debtors

3,000

5,204

VAT

-

9,667

Prepayments and accrued income

80

73

24,920

38,178

Amounts falling due after more than one year:

Deferred tax asset

23,508

-

Aggregate amounts

48,428

38,178

Deferred tax asset

2025

£

Accelerated capital allowances

(13,591

)

Tax losses carried forward

37,099

23,508

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,062

28

Hire purchase contracts (see note 10)

8,002

16,647

Trade creditors

13,281

71,038

Amounts owed to group undertakings

170,437

-

VAT

2,788

-

Other creditors

433

41,278

Accruals and deferred income

9,918

16,665

238,921

145,656

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

-

7,362

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

8,002

16,647

Between one and five years

-

7,362

8,002

24,009

Non-cancellable

operating leases

2025

2024

£

£

Within one year

21,000

42,000

Between one and five years

-

21,000

21,000

63,000

11.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

Accelerated capital allowances

15,595

Tax losses carried forward

(15,491

)

104

Deferred

tax

£

Balance at 1 April 2024

104

Provided during year

(23,612

)

Balance at 31 March 2025

(23,508

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100