Carduus Sports Data UK Limited SC745386 false 2022-09-26 2023-09-30 2023-09-30 The principal activity of the company is the commercialisation of horse racing data. Digita Accounts Production Advanced 6.30.9574.0 true SC745386 2022-09-26 2023-09-30 SC745386 2023-09-30 SC745386 bus:OrdinaryShareClass1 2023-09-30 SC745386 core:CurrentFinancialInstruments 2023-09-30 SC745386 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC745386 bus:SmallEntities 2022-09-26 2023-09-30 SC745386 bus:AuditExemptWithAccountantsReport 2022-09-26 2023-09-30 SC745386 bus:FullAccounts 2022-09-26 2023-09-30 SC745386 bus:SmallCompaniesRegimeForAccounts 2022-09-26 2023-09-30 SC745386 bus:RegisteredOffice 2022-09-26 2023-09-30 SC745386 bus:Director1 2022-09-26 2023-09-30 SC745386 bus:Director2 2022-09-26 2023-09-30 SC745386 bus:OrdinaryShareClass1 2022-09-26 2023-09-30 SC745386 bus:PrivateLimitedCompanyLtd 2022-09-26 2023-09-30 SC745386 bus:Agent1 2022-09-26 2023-09-30 SC745386 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-26 2023-09-30 SC745386 countries:Scotland 2022-09-26 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC745386

Carduus Sports Data UK Limited

Annual Report and Unaudited Financial Statements

for the Period from 26 September 2022 to 30 September 2023

 

Carduus Sports Data UK Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 7

 

Carduus Sports Data UK Limited

Company Information

Directors

Mr J C S Soto

Mr G R Reyes

Registered office

 

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Accountants

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Carduus Sports Data UK Limited
for the Period Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Carduus Sports Data UK Limited for the period ended 30 September 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Carduus Sports Data UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Carduus Sports Data UK Limited and state those matters that we have agreed to state to the Board of Directors of Carduus Sports Data UK Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carduus Sports Data UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Carduus Sports Data UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Carduus Sports Data UK Limited. You consider that Carduus Sports Data UK Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Carduus Sports Data UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

15 April 2024

 

Carduus Sports Data UK Limited

(Registration number: SC745386)
Balance Sheet as at 30 September 2023

Note

2023
£

Current assets

 

Debtors

4

9,894

Cash at bank and in hand

 

3,922

 

13,816

Creditors: Amounts falling due within one year

5

(23,471)

Net liabilities

 

(9,655)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(9,755)

Shareholders' deficit

 

(9,655)

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 April 2024 and signed on its behalf by:
 

 

Carduus Sports Data UK Limited

(Registration number: SC745386)
Balance Sheet as at 30 September 2023

.........................................
Mr J C S Soto
Director

.........................................
Mr G R Reyes
Director

 

Carduus Sports Data UK Limited

Notes to the Unaudited Financial Statements for the Period from 26 September 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the Board on 15 April 2024.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

Basis of preparation

These financial statements have been prepared on a going concern basis as the directors have undertaken to support the company until profitability can be achieved. Support is also provided by creditors.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration derived from the commercialisation of horse racing data. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

 

Carduus Sports Data UK Limited

Notes to the Unaudited Financial Statements for the Period from 26 September 2022 to 30 September 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2.

 

Carduus Sports Data UK Limited

Notes to the Unaudited Financial Statements for the Period from 26 September 2022 to 30 September 2023

4

Debtors

2023
£

Trade debtors

9,834

Other debtors

60

9,894

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

4,192

Taxation and social security

4,459

Accruals and deferred income

14,815

Other creditors

5

23,471

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     

7

Related party transactions

The company operates a loan account with the director, Mr J C S Soto.
During the year, the director advanced loans totalling £5 to the company. At the year end, the balance due to the director was £5. This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with the director, Mr G R Reyes.
During the year, the company advanced loans totalling £60 to the director. At the year end, the balance due from the director was £60. This loan is unsecured, interest free and has no fixed repayment terms.