White Elephant Properties Two Limited

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

Registered number: 12757516

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,807,646		3,178,069
Investments	5		1,329,075		1,309,264

			4,136,721		4,487,333
CURRENT ASSETS
Debtors	6	3,427,317		3,307,495

		3,427,317		3,307,495
Creditors: Amounts Falling Due Within One Year	7	(3,840 )		(8,798,916 )

NET CURRENT ASSETS (LIABILITIES)			3,423,477		(5,491,421 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,560,198		(1,004,088 )

NET ASSETS/(LIABILITIES)			7,560,198		(1,004,088 )

CAPITAL AND RESERVES
Called up share capital	8		8,990,864		100
Profit and Loss Account			(1,430,666 )		(1,004,188 )

SHAREHOLDERS' FUNDS			7,560,198		(1,004,088)

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 member has 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

3rd October 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

White Elephant Properties Two Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12757516 . The registered office is 103 High Street, WALTHAM CROSS, HERTFORDSHIRE, EN8 7AN.

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.

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

3. Average Number of Employees

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

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	3,291,693
Revaluations	(370,423 )

As at 31 December 2024	2,921,270

Amortisation
As at 1 January 2024	113,624

As at 31 December 2024	113,624

Net Book Value
As at 31 December 2024	2,807,646

As at 1 January 2024	3,178,069

5. Investments

	Other
	£
Cost or Valuation
As at 1 January 2024	1,309,264
Fair value adjustments	19,811

As at 31 December 2024	1,329,075

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,329,075

As at 1 January 2024	1,309,264

Page 2

Page 3

White Elephant Properties Two Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	3,427,317	3,307,495

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	3,215	8,798,316
Accruals and deferred income	625	600

	3,840	8,798,916

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	8,990,864	100