Company registration number 00352839 (England and Wales)
S. OPPENHEIMER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
S. OPPENHEIMER LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
S. OPPENHEIMER LIMITED
COMPANY INFORMATION
Directors
R W Towse
S T Towse
Secretary
S T Towse
Company number
00352839
Registered office
3rd Floor
114a Cromwell Road
London
SW7 4AG
Accountants
Bright Grahame Murray
Emperor's Gate
114a Cromwell Road
Kensington
London
SW7 4AG
S. OPPENHEIMER LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
247
Investments
4
4,018,075
3,667,908
4,018,075
3,668,155
Current assets
Debtors
6
105,649
79,348
Cash at bank and in hand
334,619
169,887
440,268
249,235
Creditors: amounts falling due within one year
5
(85,688)
(3,780)
Net current assets
354,580
245,455
Total assets less current liabilities
4,372,655
3,913,610
Provisions for liabilities
(178,786)
(120,411)
Net assets
4,193,869
3,793,199
Capital and reserves
Called up share capital
2,500
2,500
Capital redemption reserve
2,500
2,500
Profit and loss reserves
4,188,869
3,788,199
Total equity
4,193,869
3,793,199
S. OPPENHEIMER LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 13 July 2026 and are signed on its behalf by:
R W Towse
Director
Company registration number 00352839 (England and Wales)
S. OPPENHEIMER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

S. Oppenheimer Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, Kensington, London, SW7 4AG.

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, modified to include fixed asset investments at their open market value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents advisory services receivable, net of VAT and trade discounts.

1.3
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:

Office Equipment
50% p.a on a straight line basis

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.

1.4
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.

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.

Interests in Investment Portfolios are revalued to their open market value at each year end with the surplus or deficit recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

S. OPPENHEIMER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.6
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.

1.7
Financial instruments
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.

Current asset investments are held at the lower of cost and open market value. Where a revaluation to open market value is necessary, this is immediately recognised through the profit and loss account.

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.

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.

S. OPPENHEIMER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
0
0
S. OPPENHEIMER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
15,640
Depreciation and impairment
At 1 January 2025
15,393
Depreciation charged in the year
247
At 31 December 2025
15,640
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
247
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
4,018,075
3,667,908
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
3,667,908
Additions
3,174,998
Valuation changes
514,111
Investment charges
(64,046)
Disposals
(3,274,896)
At 31 December 2025
4,018,075
Carrying amount
At 31 December 2025
4,018,075
At 31 December 2024
3,667,908
S. OPPENHEIMER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
80,801
-
0
Other creditors
4,887
3,780
85,688
3,780
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
105,649
79,348
7
Directors' transactions

During the period dividends totalling £nil (2024: £50,000) were paid to the directors.

Advances
% Rate
Opening balance
Interest charged
Closing balance
£
£
£
Director's loan account
3.75
79,162
5,982
85,144
79,162
5,982
85,144
2025-12-31 2025-01-01 false false false 15 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R W Towse S T Towse S T Towse 00352839 2025-01-01 2025-12-31 00352839 bus:Director1 2025-01-01 2025-12-31 00352839 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 00352839 bus:CompanySecretary1 2025-01-01 2025-12-31 00352839 bus:Director2 2025-01-01 2025-12-31 00352839 bus:RegisteredOffice 2025-01-01 2025-12-31 00352839 2025-12-31 00352839 2024-12-31 00352839 core:OtherPropertyPlantEquipment 2025-12-31 00352839 core:OtherPropertyPlantEquipment 2024-12-31 00352839 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 00352839 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00352839 core:CurrentFinancialInstruments 2025-12-31 00352839 core:CurrentFinancialInstruments 2024-12-31 00352839 core:ShareCapital 2025-12-31 00352839 core:ShareCapital 2024-12-31 00352839 core:CapitalRedemptionReserve 2025-12-31 00352839 core:CapitalRedemptionReserve 2024-12-31 00352839 core:RetainedEarningsAccumulatedLosses 2025-12-31 00352839 core:RetainedEarningsAccumulatedLosses 2024-12-31 00352839 core:PlantMachinery 2025-01-01 2025-12-31 00352839 2024-01-01 2024-12-31 00352839 core:OtherPropertyPlantEquipment 2024-12-31 00352839 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 00352839 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00352839 bus:FRS102 2025-01-01 2025-12-31 00352839 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 00352839 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00352839 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP