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REGISTERED NUMBER: 07922073 (England and Wales)









Financial Statements

for the Year Ended 29 February 2024

for

RHINO AFRICA SAFARIS LIMITED

RHINO AFRICA SAFARIS LIMITED (REGISTERED NUMBER: 07922073)

Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RHINO AFRICA SAFARIS LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D Ryan





REGISTERED OFFICE: 6th Floor
One London Wall
London
EC2Y 5EB





REGISTERED NUMBER: 07922073 (England and Wales)





AUDITORS: Haines Watts (Western) Limited
Chartered Accountants and Statutory Auditors
Bath House
6-8 Bath Street
Bristol
BS1 6HL

RHINO AFRICA SAFARIS LIMITED (REGISTERED NUMBER: 07922073)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 158,516 142,974
Cash at bank 152,360 151,571
310,876 294,545
CREDITORS
Amounts falling due within one year 5 (38,593 ) (24,280 )
NET CURRENT ASSETS 272,283 270,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,283

270,265

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 242,283 240,265
272,283 270,265

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 12 August 2024 and were signed by:





D Ryan - Director


RHINO AFRICA SAFARIS LIMITED (REGISTERED NUMBER: 07922073)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. COMPANY INFORMATION

Rhino Africa Safaris Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of the provision of management consultancy services in respect of its parent entity.

2. ACCOUNTING POLICIES

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

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate any adverse conditions, and the current resources available, the director has concluded that the company can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year ended 29 February 2024 and derives from the provision of services falling within the company's ordinary activities.

RHINO AFRICA SAFARIS LIMITED (REGISTERED NUMBER: 07922073)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises the current tax charge. 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

RHINO AFRICA SAFARIS LIMITED (REGISTERED NUMBER: 07922073)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 158,516 142,834
Social security & other taxes - 140
158,516 142,974

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 482 485
Social security and other taxes 1,043 -
Other creditors 25,544 16,695
Accruals and deferred income 11,524 7,100
38,593 24,280

Included in other creditors are pension contributions not paid to the pension administrator at the year end of £294 (2023 - £257).

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Bracher FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts (Western) Limited

7. RELATED PARTY DISCLOSURES

The company is a 100% subsidiary undertaking of Rhino Africa Safaris (Pty) South Africa, a company registered in South Africa.

All of the company's turnover of £128,390 in respect of management service charges (2023 - £120,949) was attributable to its parent entity, Rhino Africa Safaris (Pty) South Africa. At the year end date Rhino Africa Safaris Limited was owed the sum of £158,516 by Rhino Africa Safaris (Pty) South Africa (2023 - £142,834).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Rhino Africa Safaris (Pty) South Africa, which itself does not have a single controlling party.