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Rhino Enterprises Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

Registration number: 06435749

 

Rhino Enterprises Holdings Limited

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Rhino Enterprises Holdings Limited

(Registration number: 06435749)
Statement of financial position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

802

802

Current assets

 

Debtors

5

659,727

659,540

Cash at bank and in hand

 

271

458

 

659,998

659,998

Creditors: Amounts falling due within one year

6

(320,000)

(320,000)

Net current assets

 

339,998

339,998

Net assets

 

340,800

340,800

Capital and reserves

 

Called up share capital

570

570

Capital redemption reserve

230

230

Retained earnings

340,000

340,000

Shareholders' funds

 

340,800

340,800

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 

.........................................
Mr R N J Schofield
Director

 

Rhino Enterprises Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Regent Buildings
Regent Street
Leeds
LS2 7QA

These financial statements were authorised for issue by the Board on 17 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rhino Enterprises Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

802

802

Subsidiaries

£

Cost or valuation

At 1 August 2023

802

Provision

Carrying amount

At 31 July 2024

802

At 31 July 2023

802

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by group undertakings

659,727

659,540

   

659,727

659,540

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to associated companies

20,000

20,000

Other creditors

 

300,000

300,000

 

320,000

320,000