REGISTERED NUMBER: 06012736 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

RHINO PROTECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S E Wade

Mr T Stevens

REGISTERED OFFICE:

Windsor House Troon Way Business Centre

Humberstone Lane

Leicester

LE4 9HA

REGISTERED NUMBER:

06012736 (England and Wales)

ACCOUNTANTS:

QACCOUNTING LTD

Windsor House,

Troon Way Business Centre,

Thurmaston, Leicestershire

LE4 9HA

FIXED ASSETS

Intangible assets

4

41,986

31,796

Tangible assets

5

11,112

10,858

53,098

42,654

CURRENT ASSETS

Debtors

6

4,027,826

3,311,312

Prepayments and accrued income

94,776

57,280

Cash at bank

7

681,011

1,195,766

4,803,613

4,564,358

CREDITORS

Amounts falling due within one year

8

3,543,929

3,985,796

NET CURRENT ASSETS

1,259,684

578,562

TOTAL ASSETS LESS CURRENT LIABILITIES

1,312,782

621,216

PROVISIONS FOR LIABILITIES

13,275

10,663

NET ASSETS

1,299,507

610,553

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Capital redemption reserve

50

50

Retained earnings

1,298,457

609,503

1,299,507

610,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Mr S E Wade - Director

1.	STATUTORY INFORMATION

RHINO PROTECT 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.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Group relief

It is the group's policy in certain situations to charge for tax losses surrendered by the way of group relief at the rate prevailing at the end of the financial period in respect of which relief is given.

Insurance broking debtors, creditors and cash balances

The company acts as an agent in broking the insurable risks of its clients and, generally, is not liable as a principal for premiums due to underwriters or for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters and since in practice premium and claim monies are usually accounted for by insurance intermediaries, it has followed generally accepted accounting practices by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.

Included in cash and cash equivalents is client money held by the company in IBA bank accounts which are under risk transfer agreements with the ultimate underwriters.

Such funds are disclosed as fiduciary assets and liabilities in the notes of the financial statements.

Turnover

The company acts as an agent. Turnover represents commission receivable for services, net of VAT and IPT.

Turnover is principally derived from two distinct income streams; being the sale of insurance policies, where the commission is credited to turnover on the inception of the policy, and consultancy fees, where income is credited to turnover as the fees are incurred.

The turnover figure represents the net income after associated underwriter and brokerage costs have been deducted. Sales including gross value of insurance premiums written for the year was £9,174,437 (2024 - £7,604,078).

Intangible assets

Software development costs are recognised as an intangible asset when all of the following criteria are

demonstrated:

- The technical feasibility of completing the software so that it will be available for use or sale.

- The intention to complete the software and use or sell it.

- The ability to use software or sell it.

- How the software will generate probable future economic benefits.

- The availability of adequate technical, financial and other resources to complete the development and touse or sell the software.

- The ability to measure reliably the expenditure attributable to the software during its development.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on the following bases:

Computer Software - 25% straight line

Trademark - 10% straight line

Tangible fixed assets

Tangible fixed assets under the model are stated at historical cost less accumulated depreciation and any

accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the

asset to the location and condition necessary for it to be capable of operating in the manner intended by

management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment - 25% straight line

Fixtures & Fittings - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in the Profit and Loss account.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

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.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognized immediately in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Investments in Subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Operating Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Trademark

software

Totals

£

£

£

COST

At 1 January 2025

-

162,069

162,069

Additions

1,740

29,700

31,440

At 31 December 2025

1,740

191,769

193,509

AMORTISATION

At 1 January 2025

-

130,273

130,273

Amortisation for year

174

21,076

21,250

At 31 December 2025

174

151,349

151,523

NET BOOK VALUE

At 31 December 2025

1,566

40,420

41,986

At 31 December 2024

-

31,796

31,796

5.	TANGIBLE FIXED ASSETS

Fixtures

and

IT

fittings

Equipment

Totals

£

£

£

COST

At 1 January 2025

3,224

21,089

24,313

Additions

4,985

1,050

6,035

At 31 December 2025

8,209

22,139

30,348

DEPRECIATION

At 1 January 2025

806

12,649

13,455

Charge for year

1,704

4,077

5,781

At 31 December 2025

2,510

16,726

19,236

NET BOOK VALUE

At 31 December 2025

5,699

5,413

11,112

At 31 December 2024

2,418

8,440

10,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,339,670

2,995,967

Amounts owed by group undertakings

593,739

310,449

Other debtors

94,417

4,896

4,027,826

3,311,312

Included within trade debtors are fiduciary assets of £3,339,670 (2024 - £2,963,012).

7.	CASH AT BANK

2025 2024

£ £

Cash at bank 681,011 1,195,766

Included within cash and cash equivalents are fiduciary assets of £663,430 (2024 - £1,179,998).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,169,803

2,049,787

Amounts owed to group undertakings

266,339

419,133

Taxation and social security

348,413

163,327

Other creditors

759,374

1,353,549

3,543,929

3,985,796

Included within other creditors is fiduciary liabilities of £2,086,553 (2024 - £1,998,069).

9.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The bank facilities with Lloyds Bank Plc are secured by an Omnibus Guarantee and set-off agreement between this company, Quest Business Services Limited, Vantage Legal Services Limited, Vantage Legal Protect Limited, Rhino Protect Holdings Ltd, Contractor Weekly Limited, Rhino Resource Services Holdings Ltd, Rhino Resource Services Limited, Vantage Tax Fee Protection Limited, IR35 Buddy Limited and Vantage Tax Fee Protection (Global) Limited.