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REGISTERED NUMBER: 04540606 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

ORAC (UK) Limited

ORAC (UK) Limited (Registered number: 04540606)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ORAC (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Y Taillieu



SECRETARY: T Jonckheere



REGISTERED OFFICE: Unit 3
Birtley Courtyard
Bramley
Surrey
GU5 0LA



REGISTERED NUMBER: 04540606 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Skilton, ACA



INDEPENDENT AUDITORS: Brewers Chartered Accountants
Unit 3
Birtley Courtyard
Bramley
Surrey
GU5 0LA

ORAC (UK) Limited (Registered number: 04540606)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 234,150 110,368
Cash at bank 54,233 110,063
288,383 220,431
CREDITORS
Amounts falling due within one year 7 118,568 136,012
NET CURRENT ASSETS 169,815 84,419
TOTAL ASSETS LESS CURRENT LIABILITIES 169,815 84,419

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 168,815 83,419
SHAREHOLDERS' FUNDS 169,815 84,419

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





Y Taillieu - Director


ORAC (UK) Limited (Registered number: 04540606)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ORAC (UK) Limited is a private company, limited by shares registered in England & Wales. The company's registered number and registered office can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The functional and presentation of the financial statements is the pound sterling and the rounding is £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Preparation of the financial statements has not required management to make significant judgements and estimates.

Turnover
Turnover is recognised to the extent that it is probable that economic benefit will flow to the company and the revenue can be reliably measured. Revenue shown in the profit and loss account represents income from services earned in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Assets over £500 are capitalised.

Financial instruments
The Company only enters into basic financial instruments 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 ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


ORAC (UK) Limited (Registered number: 04540606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

ORAC (UK) Limited (Registered number: 04540606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 479
Disposals (479 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 479
Eliminated on disposal (479 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 117,028 49,238
Other debtors 9,382 9,228
VAT 53,040 35,563
Prepayments and accrued income 54,700 16,339
234,150 110,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,625 19,635
Tax 45,691 20,004
Social security and other taxes 13,154 8,805
Intercompany dividends - 70,000
Accruals and deferred income 45,098 17,568
118,568 136,012

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 44,316 33,295
Between one and five years 25,851 10,644
70,167 43,939

ORAC (UK) Limited (Registered number: 04540606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Skilton, ACA Senior Statutory Auditor
for and on behalf of Brewers Chartered Accountants

11. RELATED PARTY DISCLOSURES

Continued trade by ORAC (UK) Limited is wholly reliant on the sale of goods in the United Kingdom by ORAC NV, a wholly owned subsidiary of ORAC Holding NV.

The company has taken advantage of the the exemption under FRS 102 from disclosing intra group transactions with wholly owned subsidiaries.

12. ULTIMATE CONTROLLING PARTY

The controlling party is ORAC HOLDING NV.

The registered office of ORAC Holding NV is Biekorfstraat 32, 8400 Oostende, Belgium.