Company registration number 06898472 (England and Wales)
ORACLE CAPITAL ADVISORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 21 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ORACLE CAPITAL ADVISORS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
ORACLE CAPITAL ADVISORS LTD
BALANCE SHEET
AS AT
21 DECEMBER 2024
21 December 2024
- 1 -
21 December 2024
23 December 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,280
26,675
Investments
5
500
500
29,780
27,175
Current assets
Debtors
7
45,061,033
40,037,660
Cash at bank and in hand
1,141,423
201,533
46,202,456
40,239,193
Creditors: amounts falling due within one year
8
(2,218,991)
(34,530,324)
Net current assets
43,983,465
5,708,869
Total assets less current liabilities
44,013,245
5,736,044
Creditors: amounts falling due after more than one year
9
(45,236,099)
(7,563,398)
Net liabilities
(1,222,854)
(1,827,354)
Capital and reserves
Called up share capital
10
1,750,000
1,750,000
Profit and loss reserves
(2,972,854)
(3,577,354)
Total equity
(1,222,854)
(1,827,354)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 21 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ORACLE CAPITAL ADVISORS LTD
BALANCE SHEET (CONTINUED)
AS AT
21 DECEMBER 2024
21 December 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 17 September 2025
Y Gantman
Director
Company registration number 06898472 (England and Wales)
ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 21 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Oracle Capital Advisors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Stratford Place, London, W1C 1AX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company made a profit in the last two years and has net current assets of £6 m (202 2 - £8.5 m) but negative equity of £1.6 m (202 2 - £2m) due to losses incurred in previous years. The financial statements have been prepared on the going concern basis as the company has received confirmation from a shareholder who has agreed to provide financial support to the company as may be necessary to meet its obligations as they fall due. On this basis, the director believes that it is appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

Revenue represents fees receivable for investment management and consultancy services, commissions receivable and rent receivable net of VAT. All fees, rent and commissions receivable are recognised on the date on which the company is contractually entitled to receive the income.

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
25% straight-line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment of debtors

The Company is required to consider assets for impairment where such indicators exist using value in use calculations or fair value estimates.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
16
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 22 December 2023
113,743
Additions
13,406
At 21 December 2024
127,149
Depreciation and impairment
At 22 December 2023
87,068
Depreciation charged in the year
10,801
At 21 December 2024
97,869
Carrying amount
At 21 December 2024
29,280
At 21 December 2023
26,675
ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
- 8 -
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
500
500
6
Joint ventures

Details of the company's joint ventures at 21 December 2024 are as follows:

Name of undertaking
Registered office
Interest
% Held
held
Direct
Halamar (Golden Square) Ltd
United Kingdom
Ordinary shares
50.00
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
84,266
31,326
Amounts owed by undertakings in which the company has a participating interest
42,914,951
39,621,629
Other debtors
2,020,402
327,363
Prepayments and accrued income
41,414
57,342
45,061,033
40,037,660
8
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
664,690
34,061,097
Trade creditors
81,831
36,484
Amounts owed to group undertakings
934,669
413,249
Taxation and social security
37,712
1,708
Deferred income
118,356
8,550
Other creditors
375,166
-
0
Accruals and deferred income
6,567
9,236
2,218,991
34,530,324
9
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Other borrowings
45,236,099
7,563,398
ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
- 9 -
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,750,000
1,750,000
1,750,000
1,750,000
11
Other reserves

Other reserves represents the capital contribution arising from the treatment of borrowings at amortised cos t.

12
Financial commitments, guarantees and contingent liabilities

At the year end, the company had the following outstanding charges:

- A charge created 29th May 2020 entitling Credit Suisse (UK) Limited to a fixed charge over the company's debts and floating charge over the company's assets.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

£28,800 (2023: £28,800)

13
Ultimate controlling party

The immediate parent company is Oracle Capital Group Limited.

The ultimate joint controlling parties of the company are D Korotkov-Koganovich and M Ishmuratov.

14
Events after the reporting date

Since February 2022, military conflict in Ukraine is increasingly affecting world economic situation and global financial markets and exacerbating ongoing economic challenges, including rising inflation, increased cost of materials and global supply-chain disruption.

At present, it is not possible to quantify the effect of these events on the company. The company’s management is actively assessing its continued impact and is taking all possible actions to mitigate the consequences for the company and its stakeholders.

15
Related party transactions
Transactions with related parties
ORACLE CAPITAL ADVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 21 DECEMBER 2024
15
Related party transactions
(Continued)
- 10 -

During the period the company entered into the following transactions with related parties

The company received £58,859 (2023: £366,757) from a company under common ownership and paid expenses totaling £75,000 (2023: £399,769) on behalf of the company under common ownership. The carrying value of the loan owed to the company under common ownership was £178,448 at 21 December 2024 (2023: £196,589). The loan is interest free and unsecured.

The company paid expenses totaling £14,040 (2023: £19,040) on behalf of the company under common ownership. The company received £1,208 (2023: £15,144) from a company under common ownership. The carrying value of the loan owed to the company under common ownership was £332,440 at 21 December 2024 (2023: £345,272). The loan is interest free and unsecured.

The company paid expenses totaling £68,876 (2023: £46,004) to a company under common ownership and received £23,738 (2023: 70,351 ) on behalf of the company under common ownership. The carrying value of the loan owed to the company under common ownership was £423,782 at 21 December 2024 (2023: £468,920). The loan is interest free and unsecured.

The company paid £2,354,522 (2023: £1,928,398) to a company under joint ownership. The outstanding amount has 14% interest rate, the interest on the loan for the year is £1,754,522 (2023: £1,754.522). The carrying value of the loan owed by the company under joint ownership was £41,302,401 at 21 December 2024 (2023: £38,947,879). The loan has a 14% interest rate and is unsecured.

The company repaid £224,962 (Paid 2023: £1,007,689) to a ultimate beneficial owner. The carrying value of the loan owed to the ultimate beneficial owner was £772,806 at 21 December 2024 (2023: £997,768). The loan is interest free and unsecured.

The company received £3,297,623 (2023: £346,650 from a controlling party. The company repaid £3,518,077 (2023: £nil) to a controlling party. The carrying value of the loan owed to a controlling party was £126,196 at 21 December 2024 (2023: £346,650). The loan is interest free and unsecured.

The company loaned £3,368,119 (2023: £878,000) to a company under common ownership on behalf of the company under common ownership. The company under common ownership repaid loan totaling £2,353,102 (2023: £560,000). The carrying value of the loan owed by the company under common ownership was £1,612,549 at 21 December 2024 (2023: £597,533). The loan is interest free and unsecured.

2024-12-21 2023-12-22 false CCH Software CCH Accounts Production 2024.100 No description of principal activity Y Gantman false false 06898472 2023-12-22 2024-12-21 06898472 2024-12-21 06898472 2023-12-21 06898472 core:OtherPropertyPlantEquipment 2024-12-21 06898472 core:OtherPropertyPlantEquipment 2023-12-21 06898472 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-21 06898472 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-21 06898472 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-21 06898472 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-21 06898472 core:CurrentFinancialInstruments 2024-12-21 06898472 core:CurrentFinancialInstruments 2023-12-21 06898472 core:ShareCapital 2024-12-21 06898472 core:ShareCapital 2023-12-21 06898472 core:RetainedEarningsAccumulatedLosses 2024-12-21 06898472 core:RetainedEarningsAccumulatedLosses 2023-12-21 06898472 bus:Director1 2023-12-22 2024-12-21 06898472 core:IntangibleAssetsOtherThanGoodwill 2023-12-22 2024-12-21 06898472 core:ComputerSoftware 2023-12-22 2024-12-21 06898472 core:FurnitureFittings 2023-12-22 2024-12-21 06898472 2022-12-24 2023-12-21 06898472 core:OtherPropertyPlantEquipment 2023-12-21 06898472 core:OtherPropertyPlantEquipment 2023-12-22 2024-12-21 06898472 1 2023-12-22 2024-12-21 06898472 core:Non-currentFinancialInstruments 2024-12-21 06898472 core:Non-currentFinancialInstruments 2023-12-21 06898472 bus:PrivateLimitedCompanyLtd 2023-12-22 2024-12-21 06898472 bus:SmallCompaniesRegimeForAccounts 2023-12-22 2024-12-21 06898472 bus:FRS102 2023-12-22 2024-12-21 06898472 bus:AuditExempt-NoAccountantsReport 2023-12-22 2024-12-21 06898472 bus:FullAccounts 2023-12-22 2024-12-21 xbrli:pure xbrli:shares iso4217:GBP