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Company Registration No. 12590604 (England and Wales)
White Elephant Operations Limited Unaudited accounts for the year ended 31 December 2023
White Elephant Operations Limited Unaudited accounts Contents
Page
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White Elephant Operations Limited Company Information for the year ended 31 December 2023
Director
A. Kaplan Bile
Company Number
12590604 (England and Wales)
Registered Office
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of White Elephant Operations Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of White Elephant Operations Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of White Elephant Operations Limited, as a body, in accordance with the terms of our engagement letter dated 12 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of White Elephant Operations Limited and state those matters that we have agreed to state to the Board of Directors of White Elephant Operations Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than White Elephant Operations Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that White Elephant Operations Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of White Elephant Operations Limited. You consider that White Elephant Operations Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of White Elephant Operations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 3 September 2024
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White Elephant Operations Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
14,399,962 
9,207,277 
Current assets
Debtors
5,817,072 
9,514,534 
Creditors: amounts falling due within one year
(3,064)
(1,795)
Net current assets
5,814,008 
9,512,739 
Total assets less current liabilities
20,213,970 
18,720,016 
Creditors: amounts falling due after more than one year
(20,289,002)
(18,574,958)
Net (liabilities)/assets
(75,032)
145,058 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(75,132)
144,958 
Shareholders' funds
(75,032)
145,058 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2024 and were signed on its behalf by
A. Kaplan Bile Director Company Registration No. 12590604
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White Elephant Operations Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
White Elephant Operations Limited is a private company, limited by shares, registered in England and Wales, registration number 12590604. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments 
£ 
Valuation at 1 January 2023
9,207,277 
Additions
5,192,685 
Valuation at 31 December 2023
14,399,962 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
5,817,072 
9,514,534 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
2,514 
1,075 
Accruals
550 
720 
3,064 
1,795 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
20,289,002 
18,574,958 
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White Elephant Operations Limited Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
The company was under the control of Mr A. Kaplan Bile throughout the current period. Multery Company S.A. is interested in 100% of the company's share capital.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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