ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 04974611

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	PINK ELEPHANT EMEA LIMITED


PINK ELEPHANT EMEA LIMITED

COMPANY INFORMATION

Directors	M J Havinga
	G J Huisman


Registered number	04974611


Registered office	Reading Bridge House 6th Floor
	George Street
	Reading
	United Kingdom
	RG1 8LS


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


PINK ELEPHANT EMEA LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


PINK ELEPHANT EMEA LIMITED REGISTERED NUMBER:04974611

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		6,339		10,640
Investments	5		551		551
			6,890		11,191
Current assets
Debtors: amounts falling due within one year	6	733,261		1,187,303
Cash at bank and in hand		408,788		211,070
		1,142,049		1,398,373
Creditors: amounts falling due within one year	7	(393,390)		(715,841)
Net current assets			748,659		682,532
Total assets less current liabilities			755,549		693,723
Provisions for liabilities
Other provisions	8	(20,000)		(10,000)
			(20,000)		(10,000)
Net assets			735,549		683,723

Capital and reserves
Allotted, called up and fully paid share capital	8,000	8,000
Profit and loss account	727,549	675,723
	735,549	683,723

Page 1


PINK ELEPHANT EMEA LIMITED REGISTERED NUMBER:04974611

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

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 income and retained earnings 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 by:

................................................

G J Huisman

Director

Date: 29 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


PINK ELEPHANT EMEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Pink Elephant EMEA Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.
The financial statements are presented in sterling, which is the functional and presentational currency of the company, and are rounded to the nearest pound sterling.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge 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.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3


PINK ELEPHANT EMEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost 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.

Depreciation is provided on the following basis:

				Office equipment	-	25%	straight line
				Computer equipment	-	33%	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 profit or loss.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8

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 share.

Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).

Page 4


PINK ELEPHANT EMEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Office and computer equiment
		£
	Cost or valuation
	At 1 January 2024	71,393
	Additions	1,145
	Disposals	(49,611)
	At 31 December 2024	22,927
	Depreciation
	At 1 January 2024	60,753
	Charge for the year	5,446
	Disposals	(49,611)
	At 31 December 2024	16,588
	Net book value
	At 31 December 2024	6,339
	At 31 December 2023	10,640

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	551
	At 31 December 2024	551

Page 5


PINK ELEPHANT EMEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	435,502	900,899
Amounts owed by group undertakings	182,782	124,750
Other debtors	3,048	-
Prepayments and accrued income	111,929	161,654
	733,261	1,187,303

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	144,950	322,441
Amounts owed to group undertakings	35,652	46,130
Corporation tax	-	27,073
Other taxation and social security	74,506	98,351
Other creditors	-	3,262
Accruals and deferred income	138,282	218,584
	393,390	715,841

8.	Provisions

		Dilapidations provision
		£

	At 1 January 2024	10,000
	Charged to profit or loss	10,000
	At 31 December 2024	20,000

Page 6


PINK ELEPHANT EMEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Not later than 1 year	26,264	34,351
Later than 1 year and not later than 5 years	49,464	-
	75,728	34,351

10.	Controlling party

The controlling party is Windveer Holding B.V by virtue of their 70% shareholding.

Page 7