Company registration number 16047291 (England and Wales)
RHINO PROPERTIES NORFOLK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
RHINO PROPERTIES NORFOLK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RHINO PROPERTIES NORFOLK LTD
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
4
2,134,551
Current assets
Cash at bank and in hand
30,149
Creditors: amounts falling due within one year
5
(1,114,012)
Net current liabilities
(1,083,863)
Total assets less current liabilities
1,050,688
Creditors: amounts falling due after more than one year
6
(1,055,099)
Net liabilities
(4,411)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(4,511)
Total equity
(4,411)

For the financial period ended 31 October 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 period in question in accordance with section 476.

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 July 2026
Mr D Elsom
Director
Company registration number 16047291 (England and Wales)
RHINO PROPERTIES NORFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Rhino Properties Norfolk Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 243 Mill Road, Cambridge, CB1 3BE.

1.1
Reporting period

The company was incorporated on the 29th October 2024 so the accounts are prepared for a period longer than a year. As these are the company's first financial statements, there are no comparative figures presented.

1.2
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.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, although this is dependent upon the continued financial support of the company's banks and directors. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
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.

RHINO PROPERTIES NORFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
Number
Total
0
4
Investment property
2025
£
Fair value
At 1 November 2024
-
0
Additions
2,134,551
At 31 October 2025
2,134,551

The fair value of the investment property has been arrived at on the basis of a valuation carried out at by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2025
£
Bank loans
61,734
Other creditors
1,052,278
1,114,012

The bank loans of £61,734 are secured by fixed charges against properties owned by the company.

RHINO PROPERTIES NORFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 4 -
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
1,055,099

The bank loans of £1,055,099 are secured by fixed charges against properties owned by the company.

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