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REGISTERED NUMBER: 04328588 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Sports Gaming Limited

Sports Gaming Limited (Registered number: 04328588)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sports Gaming Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J W Saumarez Smith





REGISTERED OFFICE: 16 Rugby Street
London
WC1N 3QZ





REGISTERED NUMBER: 04328588 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Sports Gaming Limited (Registered number: 04328588)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1 331
1 331

CURRENT ASSETS
Debtors 6 570,502 570,647
Cash at bank 480,176 339,782
1,050,678 910,429
CREDITORS
Amounts falling due within one year 7 2,244,569 2,099,911
NET CURRENT LIABILITIES (1,193,891 ) (1,189,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,193,890

)

(1,189,151

)

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings (1,203,890 ) (1,199,151 )
SHAREHOLDERS' FUNDS (1,193,890 ) (1,189,151 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 21 August 2024 and were signed by:





J W Saumarez Smith - Director


Sports Gaming Limited (Registered number: 04328588)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Domain name is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible fixed assets (including purchased domain names) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed ten years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Sports Gaming Limited (Registered number: 04328588)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Domain
name
£   
COST
At 1 January 2023
and 31 December 2023 24,173
AMORTISATION
At 1 January 2023
and 31 December 2023 24,173
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,965
DEPRECIATION
At 1 January 2023 1,634
Charge for year 330
At 31 December 2023 1,964
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 124,577 124,577
VAT - 145
Deferred tax asset 445,925 445,925
570,502 570,647

Sports Gaming Limited (Registered number: 04328588)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes 5,222 1,203
VAT 6,255 -
Other creditors 3,672 3,672
Pensions creditor 666 -
Wages control 217 -
Directors' loan accounts 2,228,537 2,095,036
2,244,569 2,099,911

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100,000 Ordinary 10p 10,000 10,000

9. GOING CONCERN

When preparing these financial statements, the management have made an assessment of the entity's ability to continue as a going concern, An entity is a going concern unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management have taken into account all available information about the future, which is, at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue. Based upon the continued support of the Director in providing working capital to the company and the intention to continue to trade with expectation of improved results in the future, management believe that the going concern basis for preparation of the accounts remains appropriate.