Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31true16false2022-11-01No description of principal activity16true 12213577 2022-11-01 2023-10-31 12213577 2021-11-01 2022-10-31 12213577 2023-10-31 12213577 2022-10-31 12213577 c:Director5 2022-11-01 2023-10-31 12213577 d:Buildings d:LongLeaseholdAssets 2022-11-01 2023-10-31 12213577 d:Buildings d:LongLeaseholdAssets 2023-10-31 12213577 d:Buildings d:LongLeaseholdAssets 2022-10-31 12213577 d:FurnitureFittings 2022-11-01 2023-10-31 12213577 d:FurnitureFittings 2023-10-31 12213577 d:FurnitureFittings 2022-10-31 12213577 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12213577 d:OfficeEquipment 2022-11-01 2023-10-31 12213577 d:OfficeEquipment 2023-10-31 12213577 d:OfficeEquipment 2022-10-31 12213577 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12213577 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12213577 d:CurrentFinancialInstruments 2023-10-31 12213577 d:CurrentFinancialInstruments 2022-10-31 12213577 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12213577 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12213577 d:RetainedEarningsAccumulatedLosses 2023-10-31 12213577 d:RetainedEarningsAccumulatedLosses 2022-10-31 12213577 c:FRS102 2022-11-01 2023-10-31 12213577 c:Audited 2022-11-01 2023-10-31 12213577 c:FullAccounts 2022-11-01 2023-10-31 12213577 c:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 12213577 d:WithinOneYear 2023-10-31 12213577 d:WithinOneYear 2022-10-31 12213577 d:BetweenOneFiveYears 2023-10-31 12213577 d:BetweenOneFiveYears 2022-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2022-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2022-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-10-31 12213577 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2022-10-31 12213577 c:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12213577









BETTING AND GAMING COUNCIL
(A company limited by guarantee)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BETTING AND GAMING COUNCIL
 
(A company limited by guarantee)
REGISTERED NUMBER: 12213577

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
                                                                       Note
£
£

Fixed assets
  

Tangible assets
 4 
52,874
136,329

Current assets
  

Debtors: amounts falling due within one year
 5 
3,496,469
1,661,133

Cash at bank and in hand
 6 
1,152,241
1,427,451

  
4,648,710
3,088,584

Creditors: amounts falling due within one year
 7 
(4,596,102)
(2,971,461)

Net current assets
  
 
 
52,608
 
 
117,123

Net assets
  
105,482
253,452


Capital and reserves
  

Profit and loss account
  
105,482
253,452

  
105,482
253,452


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with 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 on 21 February 2024.




B M Simmonds (Chairman)
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Betting and Gaming Council (the "Company") is a private company limited by guarantee, incorporated in England and Wales. Its registration number is 12213577. The registered office is 1 Bedford Row, London, United Kingdom, WC1R 4BU.
The principal activity of the company during the year under review was that of a standards body for the regulated UK betting and gaming industry, excluding the National Lottery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plans

The Company operates multiple defined contribution plans for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following annual basis:

Leasehold property improvements
-
Over the useful life of the asset (39 months).
Fixtures and fittings
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.10

Creditors

Short term creditors are measured at the transaction price. 

  
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 16).

Page 5

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Leasehold property improvements
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
185,482
52,130
89,155
326,767


Additions
-
2,160
16,775
18,935


Disposals
-
-
(4,872)
(4,872)



At 31 October 2023

185,482
54,290
101,058
340,830



Depreciation


At 1 November 2022
104,168
31,047
55,223
190,438


Charge for the year on owned assets
57,400
17,915
27,075
102,390


Disposals
-
-
(4,872)
(4,872)



At 31 October 2023

161,568
48,962
77,426
287,956



Net book value



At 31 October 2023
23,914
5,328
23,632
52,874



At 31 October 2022
81,314
21,083
33,932
136,329


5.


Debtors

2023
2022
£
£


Trade debtors
3,304,429
1,122,905

Other debtors
50,123
390,799

Prepayments and accrued income
141,917
147,429

3,496,469
1,661,133


Page 6

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,152,241
1,427,451



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
190,676
161,466

Corporation tax
146,586
89,475

Other taxation and social security
95,166
104,312

Other creditors and deferred income
3,846,240
2,217,903

Accruals
317,434
398,305

4,596,102
2,971,461




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


9.


Pension commitments

The pension charge for the year was £299,030 (2022 - £273,020). The balance outstanding at the year end amounted to £16,023 (2022 - £13,640).

Page 7

 
BETTING AND GAMING COUNCIL

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Commitments under operating leases

At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£

Other


Not later than 1 year
1,009
1,509

Later than 1 year and not later than 5 years
379
1,388

1,388
2,897

2023
2022

£
£

Land and buildings


Not later than 1 year
45,953
183,810

Later than 1 year and not later than 5 years
-
45,953

45,953
229,763


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2023 was unqualified.

The audit report was signed on 27 February 2024 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe LLP.

Page 8