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REGISTERED NUMBER: 11487865 (England and Wales)















Financial Statements for the Period 1 August 2023 to 31 January 2025

for

The Leafy Elephant Limited

The Leafy Elephant Limited (Registered number: 11487865)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Leafy Elephant Limited

Company Information
for the Period 1 August 2023 to 31 January 2025







DIRECTORS: S E Meers
S R Scott
D G Scott
C A Scott





REGISTERED OFFICE: Bracken House Bunces Shaw
Farley Hill
Reading
Berkshire
RG7 1UU





REGISTERED NUMBER: 11487865 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

The Leafy Elephant Limited (Registered number: 11487865)

Statement of Financial Position
31 January 2025

31.1.25 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 336,068

CURRENT ASSETS
Stocks - 10,376
Debtors 5 9,304 39,346
Cash at bank and in hand 2,142 5,842
11,446 55,564
CREDITORS
Amounts falling due within one year 6 370,862 295,225
NET CURRENT LIABILITIES (359,416 ) (239,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES (359,416 ) 96,407

CREDITORS
Amounts falling due after more than one year 7 236,046 207,717
NET LIABILITIES (595,462 ) (111,310 )

CAPITAL AND RESERVES
Called up share capital 9 361,566 361,566
Retained earnings (957,028 ) (472,876 )
SHAREHOLDERS' FUNDS (595,462 ) (111,310 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





S R Scott - Director


The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 January 2025

1. STATUTORY INFORMATION

The Leafy Elephant 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long Leasehold - 50 year straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 3 year straight line
SDLT on lease - 10 year straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

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

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.

Share capital
Ordinary shares are classified as equity.

Preference shares are classified in accordance with FRS 102 paragraph 22.13 and included within liabilities and equity. The liability element is calculated as the present value of the future contractual cash flows, discounted at a market rate of interest for a similar liability that does not have the associated equity component. The interest expense will be calculated using the effective interest method and charged to profit or loss each year.The equity element is calculated as any residual value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 9 ) .

The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 January 2025

4. TANGIBLE FIXED ASSETS
SDLT on Long Plant and
lease leasehold machinery
£    £    £   
COST
At 1 August 2023 2,053 275,000 19,546
Additions - - -
Disposals (2,053 ) (275,000 ) (19,546 )
At 31 January 2025 - - -
DEPRECIATION
At 1 August 2023 890 23,130 13,419
Charge for period 308 8,250 2,106
Eliminated on disposal (1,198 ) (31,380 ) (15,525 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - - -
At 31 July 2023 1,163 251,870 6,127

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 194,740 9,457 500,796
Additions 3,125 - 3,125
Disposals (197,865 ) (9,457 ) (503,921 )
At 31 January 2025 - - -
DEPRECIATION
At 1 August 2023 117,832 9,457 164,728
Charge for period 27,543 - 38,207
Eliminated on disposal (145,375 ) (9,457 ) (202,935 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - - -
At 31 July 2023 76,908 - 336,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Trade debtors - 7,522
Other debtors 9,304 31,824
9,304 39,346

The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Trade creditors 276 8,368
Taxation and social security 4,099 9,158
Other creditors 366,487 277,699
370,862 295,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.7.23
£    £   
Other creditors 236,046 207,717

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.7.23
£    £   
Within one year - 39,417
Between one and five years - 160,000
In more than five years - 23,333
- 222,750

9. CALLED UP SHARE CAPITAL


Equity Share Capital

Number:

Class:
Nominal
Value:


£   
400 Ordinary A £1 400
200 Ordinary B £1 200
200 Ordinary C £1 200
200 Ordinary D £1 200
1,000
Preference Share Capital
Number: Class: £   
499,000 Preference 360,566
360,566
Total Share Capital 361,566


The company issued 499,000 preference shares redeemable at the issue's discretion. These shares are classified within liabilities and equity in accordance with FRS102 paragraph 22.13. These shares pay a non-discretionary annual dividend of 0.5%. On a winding-up, the holders have priority before all other classes of shares to receive repayment of capital plus any arrears of dividend. The holders have no voting rights.

10. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £363,444 (2023 - £254,975). This loan is interest free, repayable on demand and shown within other creditors.