Registration number: 02665052

Oracle Snooker Clubs Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Oracle Snooker Clubs Limited

Company Information

Director

Mr A Benardout

Registered office

Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD

Oracle Snooker Clubs Limited

(Registration number: 02665052)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	725,000	725,000
Current assets
Debtors	5	368,025	366,325
Cash at bank and in hand		14,058	21,507
		382,083	387,832
Creditors: Amounts falling due within one year	6	(4,400)	(3,700)
Net current assets		377,683	384,132
Total assets less current liabilities		1,102,683	1,109,132
Creditors: Amounts falling due after more than one year	6	(360,309)	(360,309)
Provisions for liabilities		(96,500)	(96,500)
Net assets		645,874	652,323
Capital and reserves
Called up share capital		100	100
Revaluation reserve		497,510	497,510
Retained earnings		148,264	154,713
Shareholders' funds		645,874	652,323

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2025
 

......................................... Mr A Benardout Director

Oracle Snooker Clubs Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the director on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents rental income receivable. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Oracle Snooker Clubs Limited

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

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4	Investment properties

	2024 £
At 1 January	725,000
At 31 December	725,000

The investment properties were valued on an open market basis on the 31 December 2024 by the director of the company.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	2024 £	2023 £
Prepayments	851	750
Other debtors	367,174	365,575
	368,025	366,325

Oracle Snooker Clubs Limited

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

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	4,400	3,700

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	360,309	360,309

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	360,309	360,309

8	Related party transactions

Transactions with the director

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr A Benardout
Advance	158,251	37,216	(35,617)	159,850

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Mr A Benardout
Advance	150,775	33,828	(26,352)	158,251

Other transactions with the director

The loan to the director is interest free and has no fixed repayment terms.