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REGISTERED NUMBER: 04909041 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J S Coetzee





SECRETARY: Mrs K L Coetzee





REGISTERED OFFICE: Huddle Wimbledon
Wimbledon Quarter
4 Queens Road
London
SW19 8ND





REGISTERED NUMBER: 04909041 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Business Advisers and Accountants
Unit 2.02 High Weald House,
Glovers End
Bexhill
East Sussex
United Kingdom
TN39 5ES

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
As Restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,424 21,937
Investments 5 197,050 959,050
224,474 980,987

CURRENT ASSETS
Debtors 6 2,255 6,813
Cash at bank and in hand 75,504 181,473
77,759 188,286
CREDITORS
Amounts falling due within one year 7 288,328 476,179
NET CURRENT LIABILITIES (210,569 ) (287,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,905

693,094

PROVISIONS FOR LIABILITIES 7,267 4,801
NET ASSETS 6,638 688,293

CAPITAL AND RESERVES
Called up share capital 8 100 100
Special reserve 9 50 686,050
Retained earnings 6,488 2,143
SHAREHOLDERS' FUNDS 6,638 688,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





Mr J S Coetzee - Director


RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rhino Construction & Building Services 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 recognized in the company's balance sheet 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 recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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 company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2023 35,891 35,826 71,717
Additions 12,400 - 12,400
At 31 March 2024 48,291 35,826 84,117
Depreciation
At 1 April 2023 23,948 25,832 49,780
Charge for year 4,415 2,498 6,913
At 31 March 2024 28,363 28,330 56,693
Net book value
At 31 March 2024 19,928 7,496 27,424
At 31 March 2023 11,943 9,994 21,937

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023
and 31 March 2024 30,188
Depreciation
At 1 April 2023
and 31 March 2024 20,835
Net book value
At 31 March 2024 9,353
At 31 March 2023 9,353

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 April 2023 959,050
Disposals (762,000 )
At 31 March 2024 197,050
Net book value
At 31 March 2024 197,050
At 31 March 2023 959,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
As Restated
£    £   
Trade debtors - 3,624
Amounts owed by group undertakings 2,255 -
Other debtors - 3,189
2,255 6,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
As Restated
£    £   
Trade creditors 22,821 25,803
Taxation and social security 66,376 104,678
Other creditors 199,131 345,698
288,328 476,179

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

RHINO CONSTRUCTION & BUILDING SERVICES
LIMITED (REGISTERED NUMBER: 04909041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RESERVES
Special
reserve
£   
At 1 April 2023 686,050
Special reserve (686,000 )

At 31 March 2024 50