Company No: 07922073 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

David Thomas Ryan

REGISTERED OFFICE	6th Floor
	One London Wall
	London
	EC2Y 5EB
	United Kingdom

COMPANY NUMBER

07922073 (England and Wales)

AUDITOR	Gravita Audit Western Limited
	Chartered Accountants and Statutory Auditors
	Statutory Auditor
	2nd Floor, South
	One Castle Park
	Tower Hill
	Bristol
	BS2 0JA

	Note	2026		2025
		£		£
Current assets
Debtors	3	277,116		164,443
Cash at bank and in hand		40,367		148,105
		317,483		312,548
Creditors: amounts falling due within one year	4	( 43,480)		( 37,944)
Net current assets		274,003		274,604
Total assets less current liabilities		274,003		274,604
Net assets		274,003		274,604
Capital and reserves
Called-up share capital	5	30,000		30,000
Profit and loss account		244,003		244,604
Total shareholder's funds		274,003		274,604

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rhino Africa Safaris Limited (registered number: 07922073) were approved and authorised for issue by the Director on 11 September 2026. They were signed on its behalf by:

David Thomas Ryan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rhino Africa Safaris Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6th Floor, One London Wall, London, EC2Y 5EB, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year ended 28 February 2026 and derives from the provision of services falling within the company's ordinary activities.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments 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. Amounts 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.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Debtors

	2026		2025
	£		£
Amounts owed by Group undertakings	277,116		164,443

4. Creditors: amounts falling due within one year

	2026		2025
	£		£
Accruals	12,199		12,064
Corporation tax	67		545
Other taxation and social security	1,452		0
Other creditors	29,762		25,335
	43,480		37,944

5. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
30,000 Ordinary shares of £ 1.00 each	30,000		30,000

6. Related party transactions

The company is a 100% subsidiary undertaking of Rhino Africa Safaris (Pty) South Africa, a company registered in South Africa.

All of the company's turnover of £41,650 in respect of management service charges (2025 - £55,496) was attributable to its parent entity, Rhino Africa Safaris (Pty) South Africa. At the year end date Rhino Africa Safaris Limited was owed the sum of £277,116 by Rhino Africa Safaris (Pty) South Africa (2025 - £164,443).

Included in expenses is £8,650 (2025 - £9,960) in respect of consultancy fees paid to Rhino Africa Safaris (Pty) South Africa.

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 28 February 2026 was unqualified.

The audit report was signed by Alan Sanders BA FCA on behalf of Gravita Audit Western Limited, Chartered Accountants and Statutory Auditors.

8. Ultimate controlling party

The company is controlled by Rhino Africa Safaris (Pty) South Africa ,which itself does not have a single controlling party.