Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseinvestment holding company32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12969648 2021-11-01 2022-10-31 12969648 2020-11-01 2021-10-31 12969648 2022-10-31 12969648 2021-10-31 12969648 c:Director1 2021-11-01 2022-10-31 12969648 c:Director2 2021-11-01 2022-10-31 12969648 c:Director3 2021-11-01 2022-10-31 12969648 c:RegisteredOffice 2021-11-01 2022-10-31 12969648 d:CurrentFinancialInstruments 2022-10-31 12969648 d:CurrentFinancialInstruments 2021-10-31 12969648 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12969648 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 12969648 d:ShareCapital 2022-10-31 12969648 d:ShareCapital 2021-10-31 12969648 d:RetainedEarningsAccumulatedLosses 2022-10-31 12969648 d:RetainedEarningsAccumulatedLosses 2021-10-31 12969648 c:OrdinaryShareClass1 2021-11-01 2022-10-31 12969648 c:OrdinaryShareClass1 2022-10-31 12969648 c:OrdinaryShareClass1 2021-10-31 12969648 c:FRS102 2021-11-01 2022-10-31 12969648 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 12969648 c:FullAccounts 2021-11-01 2022-10-31 12969648 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 12969648 6 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12969648









GREEN ELEPHANT VENTURES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
GREEN ELEPHANT VENTURES LTD
 
 
COMPANY INFORMATION


Directors
B J Green 
M E Doughty 
H Sether 




Registered number
12969648



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
GREEN ELEPHANT VENTURES LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5

 
GREEN ELEPHANT VENTURES LTD
REGISTERED NUMBER: 12969648

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
301,500
201,500

  
301,500
201,500

Current assets
  

Debtors: amounts falling due within one year
 5 
-
2,600

Cash at bank and in hand
  
247
230

  
247
2,830

Creditors: amounts falling due within one year
 6 
(311,999)
(207,500)

Net current liabilities
  
 
 
(311,752)
 
 
(204,670)

Total assets less current liabilities
  
(10,252)
(3,170)

  

Net liabilities
  
(10,252)
(3,170)


Capital and reserves
  

Called up share capital 
  
2
1

Profit and loss account
  
(10,254)
(3,171)

  
(10,252)
(3,170)


Page 1

 
GREEN ELEPHANT VENTURES LTD
REGISTERED NUMBER: 12969648
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.




................................................
B J Green
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
GREEN ELEPHANT VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Green Elephant Ventures Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GREEN ELEPHANT VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

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 ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

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 the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 2).


4.


Fixed asset investments





Fixed asset investments

£



Cost 


At 1 November 2021
201,500


Additions
100,000



At 31 October 2022
301,500





5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
-
2,600

-
2,600


Page 4

 
GREEN ELEPHANT VENTURES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
310,499
206,000

Accruals and deferred income
1,500
1,500

311,999
207,500



7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



150 (2021 - 100) Ordinary share capital shares of £0.01 each
2
1





8.


Related party transactions

Included within other creditors are Directors' loan account amounts totalling £210,499 (2021:£206,000). These amounts are interest free and repayable on demand.

 
Page 5