| 12 Elements Ltd |
| Registered number: |
15412509 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
| £ |
|
| Fixed assets |
| Investments |
3 |
|
|
1,433,000 |
|
| Current assets |
| Debtors |
4 |
|
120 |
|
|
| Net current assets |
|
|
|
120 |
|
|
| Total assets less current liabilities |
|
|
|
1,433,120 |
|
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,434,490) |
|
|
|
| Net liabilities |
|
|
|
(1,370) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
(1,470) |
|
| Shareholder's funds |
|
|
|
(1,370) |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Anna Bondarenko |
| Director |
| Approved by the board on 7 October 2025 |
|
| 12 Elements Ltd |
| Notes to the Accounts |
| for the period from 15 January 2024 to 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Going concern |
|
12 Elements Ltd is fundamentally different from other companies in that, with respect to its primary business, it does not provide goods or services and has no customers other than its shareholders. Rather, it functions as an investment vehicle for its investors. |
|
|
The financial statements are normally prepared on the assumption that the entity will continue in operation for the foreseeable future. Hence, it is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations; if such intention or need exists, the financial statements may have to be prepared on a different basis. |
|
|
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. As a result, the director has adopted the going concern basis of accounting. |
|
|
| 2 |
Employees |
2025 |
| Number |
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
Additions |
1,433,000 |
|
|
At 31 January 2025 |
1,433,000 |
|
|
The company holds 20% or more of the share capital of the following Ukrainian companies: |
|
| Carrying |
|
Company |
Value |
| % |
£ |
|
"12 Elements" LLC |
Charter Capital |
100 |
|
|
|
1,433,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
| £ |
|
|
Other debtors |
120 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
| £ |
|
|
Other creditors |
1,434,490 |
|
|
|
|
|
|
|
|
|
| 6 |
Events after the reporting date |
|
|
There were no events after the balance sheet that require disclosure. |
|
|
| 7 |
Related party transactions |
|
|
There were no transactions with related parties that were undertaken outside of normal market conditions. |
|
|
| 8 |
Controlling party |
|
|
The company's immediate and ultimate controlling party is the sole shareholder, Anna Bondarenko. |
|
|
| 9 |
Other information |
|
|
12 Elements Ltd is a private company limited by shares and incorporated in England. Its registered office is at: |
|
12 Mulberry Place, Pinnell Road, London, SE9 6AR |