ORO MANAGEMENT LTD

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

Registered number: 13033406

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		-		30,000

			-		30,000
CURRENT ASSETS
Debtors	5	250		186
Cash at bank and in hand		470		200

		720		386
Creditors: Amounts Falling Due Within One Year	6	(11,150 )		(12,430 )

NET CURRENT ASSETS (LIABILITIES)			(10,430 )		(12,044 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,430 )		17,956

Creditors: Amounts Falling Due After More Than One Year	7		(190,470 )		(187,213 )

NET LIABILITIES			(200,900 )		(169,257 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(201,000 )		(169,357 )

SHAREHOLDERS' FUNDS			(200,900)		(169,257)

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 her 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

Miss Janina WOLKOW

Director

29 September 2025

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

1. General Information

ORO MANAGEMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13033406 . The registered office is 33 Cavendish Square, London, W1G 0PW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, notwithstanding the company's net liabilities position due to accumulated losses and investment impairments.

The directors have assessed the company’s ability to continue as a going concern and note that, under the terms of a loan agreement, a other creditor’s loan is not contractually due for repayment before 20 January 2026. The directors have also approved that any future repayment of this loan, if required, will be supported through either a shareholder capital injection or shareholder loan.

Having considered the company’s financial position, cash flow forecasts, and the terms of the creditor loan, the directors believe that the company will be able to meet its liabilities as they fall due for at least the next 12 months. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the services.

2.4. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.7. Investments in Joint venture

Investments in Joint Venture are initial recognised at cost and subsequently measured at cost less impairment.

3. Average Number of Employees

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

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	180,000

As at 31 December 2024	180,000

Provision
As at 1 January 2024	150,000
Impairment losses	30,000

As at 31 December 2024	180,000

...CONTINUED

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ORO MANAGEMENT LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	30,000

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	250	186

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	2,918
Other creditors	11,150	9,512

	11,150	12,430

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	190,470	187,213

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At the end of the reporting period, the company owed £8,400 to the director, Ms. J Wolkow. No interest has been charged on the outstanding balance.

The company is connected to Sumosan Limited, a company incorporated in England. At the balance sheet date, the company owed Sumosan Limited £1,250 (2023: £4,500) for an outstanding loan on which interest is not payable.

The company is connected to Sumosan Restaurant Limited, a company incorporated in Cyprus. At the balance sheet date, the company owed Sumosan Restaurant Limited £190,470 (2023:£187,213).Interest is not payable on the loan until 20th January 2026.

10. Ultimate Controlling Party

The company's ultimate controlling party is J Wolkow by virtue of her ownership of 100% of the issued share capital in the company.

11. Comparable figures

Previous year figures have been regrouped or rearranged to make them comparable with current year figures.

12. Audit Information

The auditor's report on the accounts of ORO MANAGEMENT LTD for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Statutory Auditor.

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