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REGISTERED NUMBER: 02995200 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

BETTING LIMITED

BETTING LIMITED (Registered number: 02995200)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BETTING LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs D Milford
C Latter
J Hardman





SECRETARY: Ms C Horton





REGISTERED OFFICE: 3 Brook Street
Bishops Waltham
Hampshire
SO32 1AX





REGISTERED NUMBER: 02995200 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co.
Parkgate House
33a Pratt Street
London
NW1 0BG

BETTING LIMITED (Registered number: 02995200)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,237 56,316
Investments 5 21,676 176
63,913 56,492

CURRENT ASSETS
Debtors 6 338,257 351,279
Cash at bank and in hand 177,825 344,708
516,082 695,987
CREDITORS
Amounts falling due within one year 7 81,837 91,898
NET CURRENT ASSETS 434,245 604,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,158

660,581

CREDITORS
Amounts falling due after more than one
year

8

15,000

25,000
NET ASSETS 483,158 635,581

CAPITAL AND RESERVES
Called up share capital 1,340 1,340
Retained earnings 481,818 634,241
SHAREHOLDERS' FUNDS 483,158 635,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing 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.

BETTING LIMITED (Registered number: 02995200)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





C Latter - Director


BETTING LIMITED (Registered number: 02995200)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

BETTING LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BETTING LIMITED (Registered number: 02995200)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 126,553
DEPRECIATION
At 1 December 2022 70,237
Charge for year 14,079
At 30 November 2023 84,316
NET BOOK VALUE
At 30 November 2023 42,237
At 30 November 2022 56,316

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 December 2022 176
Additions 21,500
At 30 November 2023 21,676
NET BOOK VALUE
At 30 November 2023 21,676
At 30 November 2022 176

Fixed asset investments represents the cost of a 20% shareholding in Mega Fan Games Ltd (a company incorporated in Ireland).

Fixed asset investment addition represents the costs of forming DSG Deutiche Software GmbH which is a wholly owned German subsidiary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 338,257 351,279

BETTING LIMITED (Registered number: 02995200)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 63,161 64,725
Taxation and social security 5,766 14,007
Other creditors 2,910 3,166
81,837 91,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,000 25,000