White Elephant Operations Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12590604

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		19,404,746		14,399,962

			19,404,746		14,399,962
CURRENT ASSETS
Debtors	5	3,268,448		5,817,072

		3,268,448		5,817,072
Creditors: Amounts Falling Due Within One Year	6	(625 )		(3,064 )

NET CURRENT ASSETS (LIABILITIES)			3,267,823		5,814,008

TOTAL ASSETS LESS CURRENT LIABILITIES			22,672,569		20,213,970

Creditors: Amounts Falling Due After More Than One Year	7		(8,325,370 )		(20,289,002 )

NET ASSETS/(LIABILITIES)			14,347,199		(75,032 )

CAPITAL AND RESERVES
Called up share capital	8		14,357,635		100
Profit and Loss Account			(10,436 )		(75,132 )

SHAREHOLDERS' FUNDS			14,347,199		(75,032)

Page 1

Page 2

White Elephant Operations Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Emiliano Navajas

Director

30th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

White Elephant Operations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12590604 . The registered office is 103 High Street, Waltham Cross, EN8 7EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Other
	£
Cost or Valuation
As at 1 January 2024	14,399,962
Additions	5,004,784

As at 31 December 2024	19,404,746

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	19,404,746

As at 1 January 2024	14,399,962

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	3,268,448	5,817,072

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	-	2,514
Accruals and deferred income	625	550

	625	3,064

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	8,325,370	20,289,002

Page 3

Page 4

White Elephant Operations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	14,357,635	100