Rhino Properties Bristol Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10961254 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Rhino Properties Bristol Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F N De La Lynde

Mr D K Harvey

Mr S D Harvey

REGISTERED OFFICE:

24 Wesley Place

Bristol

City of Bristol

BS8 2YD

REGISTERED NUMBER:

10961254 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

21,133

27,040

Investment property

5

45,266,490

46,617,921

45,287,623

46,644,961

CURRENT ASSETS

Debtors

6

7,762

8,358

Cash at bank

600,056

1,753,266

607,818

1,761,624

CREDITORS

Amounts falling due within one year

7

10,859,876

10,486,110

NET CURRENT LIABILITIES

(10,252,058

)

(8,724,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,035,565

37,920,475

CREDITORS

Amounts falling due after more than one year

8

(8,550,000

)

(8,550,000

)

PROVISIONS FOR LIABILITIES

(312,325

)

(1,337,398

)

NET ASSETS

26,173,240

28,033,077

CAPITAL AND RESERVES

Called up share capital

10

12,027,000

Share premium

11

6,899,250

Fair value reserve

11

942,486

3,979,193

Retained earnings

11

6,304,504

5,127,634

SHAREHOLDERS' FUNDS

26,173,240

28,033,077

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

Mr D K Harvey - Director

1.	STATUTORY INFORMATION

Rhino Properties Bristol Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st April 2024

28,504

994

29,498

Additions

-

1,049

At 31st March 2025

28,504

2,043

30,547

DEPRECIATION

At 1st April 2024

2,375

83

2,458

Charge for year

6,532

424

6,956

At 31st March 2025

8,907

507

9,414

NET BOOK VALUE

At 31st March 2025

19,597

1,536

21,133

At 31st March 2024

26,129

911

27,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

46,617,921

Additions

2,697,511

Revaluations

(4,048,942

)

At 31st March 2025

45,266,490

NET BOOK VALUE

At 31st March 2025

45,266,490

At 31st March 2024

46,617,921

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

6,010,049

Valuation in 2024

(704,458

)

Valuation in 2025

(4,048,942

)

Cost

44,009,841

45,266,490

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

44,009,841

41,312,330

The investment properties were valued on an open market basis on 31st March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

4,279

-

Other debtors

3,483

1,672

Prepayments

-

6,686

7,762

8,358

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

9,871,500

Trade creditors

4,107

4,133

Amounts owed to associates

500,000

-

Tax

209,703

364,994

Other creditors

272,274

236,553

Deferred income

-

6,746

Accrued expenses

2,292

2,184

10,859,876

10,486,110

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

8,550,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

18,421,500

The bank loans are secured on the properties owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

9,000,000

Ordinary A shares

£1

9,000,000

3,000,000

Ordinary B shares

£1

3,000,000

27,000

Ordinary C shares

£1

27,000

12,027,000

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 1st April 2024

5,127,634

6,899,250

3,979,193

16,006,077

Deficit for the year

(1,834,831

)

-

(1,834,831

)

Dividends

(25,006

)

-

(25,006

)

Assets revalued in period

3,036,707

-

(3,036,707

)

-

At 31st March 2025

6,304,504

6,899,250

942,486

14,146,240