REGISTERED NUMBER: 12169950 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 August 2023

for

Oasis Discovery Partners Ltd

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

6

Balance Sheet

7

Notes to the Financial Statements

8

DIRECTORS:

Thomas Collins

Christopher David Deppe

Ritika Gawande

Brooks Powlen

Frank Rodriquez

SECRETARY:

REGISTERED OFFICE:

167-169 Great Portland Street

5th Floor

London

W1W 5PF

REGISTERED NUMBER:

12169950 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The directors present their report with the financial statements of the company for the year ended 31 August 2023.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of data processing, hosting and related activities

DIRECTORS

The directors who have held office during the period from 1 September 2022 to the date of this report are as follows:

Mark Adamson - appointed 11 October 2022

Thomas Collins - appointed 11 October 2022

Christopher David Deppe - appointed 11 October 2022

Ritika Gawande - appointed 11 October 2022

Brooks Powlen - appointed 11 October 2022

Frank Rodriquez - appointed 11 October 2022

Saleem Dababneh - resigned 11 October 2022

Brandon Law - resigned 11 October 2022

Mark Adamson resigned as a director of the company on 5 September 2025.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed for the next financial year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Thomas Collins - Director

17 September 2025

Opinion

We have audited the financial statements of Oasis Discovery Partners Ltd (the 'company') for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 August 2023 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The financial statements of the Company for the year ended 31 August 2022 were not audited - unaudited comparatives. This is not a qualification in this context.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- enquiring of management including obtaining and reviewing supporting documentation concerning the company's policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- discussing among the engagement team including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- obtaining an understanding of the legal and regulatory framework that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included the Companies Act 2006 and Tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition including completeness and occurrence for sales as key audit matters/risks.

Our procedures to respond to risks identified included the following:

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Substantive test on sales to get assurance on sales completeness and occurrence and occurrence.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

MPK Merali (Senior Statutory Auditor)

for and on behalf of Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

17 September 2025

TURNOVER

674,595

365,093

Cost of sales

(255,279

)

(174,148

)

GROSS PROFIT

419,316

190,945

Administrative expenses

(651,769

)

(435,607

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(232,453

)

(244,662

)

Tax on loss

-

(32,444

)

LOSS FOR THE FINANCIAL YEAR

(232,453

)

(277,106

)

FIXED ASSETS

Tangible assets

5

77,779

137,428

CURRENT ASSETS

Debtors

6

180,584

84,456

Cash at bank

47,290

228,298

227,874

312,754

CREDITORS

Amounts falling due within one year

7

(219,763

)

(416,591

)

NET CURRENT ASSETS/(LIABILITIES)

8,111

(103,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,890

33,591

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

472,004

472,004

Capital contribution

284,752

-

Retained earnings

(670,867

)

(438,414

)

85,890

33,591

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Thomas Collins - Director

1.	STATUTORY INFORMATION

Oasis Discovery Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Computers at straight line basis: 3 years - 33.33%

- Network equipment at straight line basis: 5 Years - 20%

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The Company was acquired by a new US parent group in October 2022 and is currently undergoing a comprehensive management and business restructuring. While the Company continues to report net losses, its revenues, net current assets, and overall net asset position have improved significantly during the year.

After making appropriate enquiries, the Directors have formed the view that there is a reasonable expectation that both the Company and the wider Group have sufficient resources to continue to meet Company's obligations as they fall due and to maintain operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

2023

2022

(Restated)

£

£

Depreciation - owned assets

67,973

66,689

5.	TANGIBLE FIXED ASSETS

Computer

& networ

equipmen

£

COST

At 1 September 2022

331,088

Additions

8,324

At 31 August 2023

339,412

DEPRECIATION

At 1 September 2022

193,660

Charge for year

67,973

At 31 August 2023

261,633

NET BOOK VALUE

At 31 August 2023

77,779

At 31 August 2022

137,428

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

(Restated)

£

£

Trade debtors

175,103

55,657

Other debtors

62

2

Prepayments and accrued income

5,419

28,797

180,584

84,456

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

(Restated)

£

£

Trade creditors

27,745

16,439

Tax

32,444

32,444

Social security and other taxes

21,725

18,422

Accrued expenses

20,140

-

VAT

67,543

37,814

Due to related parties

50,166

311,472

219,763

416,591

8.	RELATED PARTY DISCLOSURES

Oasis Discovery Partners LLC (Oasis USA) is the parent company of Oasis Discovery Partners Limited (Oasis UK).

Repario Data LLC is the parent company of Oasis USA.

Oasis USA wrote down £284,752 balance with Oasis UK being treated as part of the investment by Oasis USA in Oasis UK. This has resulted in net balance of £50,166 (2022: £311,472) as at 31 August 2023 as net payable to Oasis USA and a capital contribution by Oasis USA in UK books of £284,752 (2022: Nil).

9.	COMPARATIVE FIGURES

During 2023, the Company’s management identified errors in the financial statements submitted for the year ended 31 August 2022. The details are presented in the tables below.To ensure consistency in the presentation of the financial statements, the comparative figures have been restated to reflect the changes in presentation applied in the current year, as follows:

i.) Income statement

Item

Year 2022-as previously reported

Prior year adjustmentDebit/ (Credit)

Year 2022-as restated

Sales

(380,381

)

15,288

(365,093

)

Administrative expenses

209,618

400,136

609,754

Total

(170,763

)

415,424

244,662

ii.) Balance sheet

Item

Year 2022-as previously reported

Prior year adjustmentDebit/ (Credit)

Year 2022-as restated

Fixed assets

6,455

130,973

137,428

Debtors

1,061

83,395

84,456

Creditors

(15,483

)

(401,108

)

(416,591

)

Share premium

-

(472,004

)

(472,004

)

Retained earnings

(220,330

)

658,744

438,414

Total

(228,296

)

-

(228,297

)