Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-31false2021-06-01true1The principal activity for the company during the year under review continued to be that of developing lottery management and data-processing software for large-scale operators and players.1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07625501 2021-06-01 2022-05-31 07625501 2020-06-01 2021-05-31 07625501 2022-05-31 07625501 2021-05-31 07625501 c:CompanySecretary1 2021-06-01 2022-05-31 07625501 c:Director1 2021-06-01 2022-05-31 07625501 c:RegisteredOffice 2021-06-01 2022-05-31 07625501 d:CurrentFinancialInstruments 2022-05-31 07625501 d:CurrentFinancialInstruments 2021-05-31 07625501 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 07625501 c:FullAccounts 2021-06-01 2022-05-31 07625501 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 07625501 c:Micro-entities 2021-06-01 2022-05-31 xbrli:pure iso4217:GBP
Registered number: 07625501










LOTTERYTECH LTD

UNAUDITED
ANNUAL REPORT
AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MAY 2022
 






 



 






 
LOTTERYTECH LTD
 

COMPANY INFORMATION


Director
Mr J Krebs 




Company secretary
Mr M Kenth



Registered number
07625501



Registered office
28 Old Brompton Road
Suite 27

London

SW7 3SS




Accountants
Wellden Turnbull Ltd
Chartered Accountants

Albany House

Claremont Lane

Esher

Surrey

KT10 9FQ





 
LOTTERYTECH LTD
 
 
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MAY 2022

The chairman presents his statement for the period.

In its tenth financial year, the company achieved its objective of developing innovative lottery management software and launching it to a growing audience of players and businesses.

The company expanded its business-to-business and secondary lottery offering in joint venture with financial risk management partners, providing access to new structures such prize indemnity insurance, insurance-linked securities and alternative capital.

Additionally, the company continued to develop its line of syndicate management services, ticket purchasing integrations, live data feeds and white-label platforms.

The company successfully reached and exceeded its growth targets while delivering consistently high standards of service. We look forward to future years of technological innovation in this exciting industry.


NameJoachim Krebs
Chairman

Date28 August 2023

Page 1

 
LOTTERYTECH LTD
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MAY 2022

The director presents his report and the financial statements for the year ended 31 May 2022.
 
 
Principal activity
 
 
The principal activity for the company during the year under review continued to be that of developing lottery management and data-processing software for large-scale operators and players.
 
 
Director
 
 
The director who served during the year was:
 
 
Mr J Krebs 
 
In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
 
 
This report was approved by the board and signed on its behalf.
 
 



Mr J Krebs
Director

Date: 28 August 2023
Page 2

 
LOTTERYTECH LTD
REGISTERED NUMBER:07625501

BALANCE SHEET
AS AT 31 MAY 2022

2022
2021
£
£


Called up share capital not paid
100
100

Fixed assets
13,994
21,707

Current assets
5,785,355
3,319,311

Creditors: amounts falling due within one year
(5,827,111)
(3,358,073)

Net current liabilities
 
 
(41,756)
 
 
(38,762)

Total assets less current liabilities
(27,662)
(16,955)


Accruals and deferred income
(1,525)
(1,476)

Net liabilities
(29,187)
(18,431)



Capital and reserves
(29,187)
(18,431)


Notes


General information

Lotterytech Ltd is a private company, limited by shares and incorporated in England and Wales, registration number 07625501. The address of the registered office is 28 Old Brompton Road, Suite 27, London, SW7 3SS, which is also the principal place of business.


Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Mr J Krebs
Director

Date: 28 August 2023

Page 3

 
LOTTERYTECH LTD
REGISTERED NUMBER:07625501

Page 4