Company registration number 12997915 (England and Wales)
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
1,165,746
1,165,746
Current assets
Debtors
5
11,960
10,125
Creditors: amounts falling due within one year
6
(32,510)
-
0
Net current (liabilities)/assets
(20,550)
10,125
Total assets less current liabilities
1,145,196
1,175,871
Creditors: amounts falling due after more than one year
7
(1,135,071)
(1,165,746)
Net assets
10,125
10,125
Capital and reserves
Called up share capital
139
139
Share premium account
9,986
9,986
Total equity
10,125
10,125

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 May 2026 and are signed on its behalf by:
Mr D Stevenson
Director
Company registration number 12997915 (England and Wales)
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

RGML Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Monaghan House, Clarendon Street, Hyde, UK, SK14 2EP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

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

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and 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.

RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
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 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 recognised 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, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts 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 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
3
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,165,746
1,165,746
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Rhino Automotive Limited
Monaghan House, Clarendon Street, Hyde, Cheshire, SK14 2EP
Ordinary
58.00
Oceros Marketing Limited
As above
Ordinary
100.00
RGML Holdings Limited
As above
Ordinary
100.00
Glasstech Window Limited
As above
Ordinary
100.00
Halo Automotive Technologies Limited
As above
Ordinary
100.00
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
11,960
10,125
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
32,510
-
0
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
1,135,071
1,165,746
8
Related party transactions

At the balance sheet date £1,135,071 (2024: £1,165,746) was owed to group companies. This amount is interest free and repayable in 1 year and 1 day on a rolling basis.

9
Directors' transactions
RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Directors' transactions
(Continued)
- 5 -

At the balance sheet date £11,960 (2024: £10,125) was due to the company from directors. This amount is interest free and repayable on demand.

At the balance sheet date £32,510 (2024: £Nil) was due from the company to directors. This amount is interest free and repayable on demand.

10
Controlling party

The company is controlled by Mr & Mrs Higgins, by virtue of their joint shareholding.

11
Prior period adjustment

During the preparation of the financial statements for the year ended 31 December 2025, the directors identified a number of omittances relating to prior periods. In accordance with Section 10 of FRS 102, the comparative figures have been restated to correct the se as per the below.

The prior period adjustments relate to:

- the recognition and presentation of dividends received from group undertakings and dividends paid to equity shareholders;

- corrections to issued share capital and share premium balances;

- corrections to the carrying value of investments in subsidiary undertakings;

- corrections to cash at hand balances;

- corrections to amounts due to group undertakings; and

- corrections to amounts due to and from directors

The adjustments arose following a detailed review of historic accounting records and intercompany balances. The directors concluded that the previously reported amounts did not appropriately reflect the underlying transactions and balances at the reporting dates.

RGML LTD
(FORMALLY KNOWN AS RHINO GROUP (MANCHESTER) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Prior period adjustment
(Continued)
- 6 -
Reconciliation of changes in equity
1 January
31 December
2024
2024
£
£
Adjustments to prior year
Recognition of dividends received from group companies
-
252,133
Recognition of dividends paid to equity shareholders
-
(252,133)
Correction to the carrying value of investments in subsidiary undertakings
-
(94)
Correction to cash at hand balances
-
(2)
Correction to amounts due to group undertakings
-
(4)
Correction to amounts due from directors
-
10,125
Total adjustments
-
10,025
Equity as previously reported
100
100
Equity as adjusted
100
10,125
Analysis of the effect upon equity
Share capital
-
39
Share premium
-
9,986
-
10,025
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