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REGISTERED NUMBER: 12976148 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BETZONE LIMITED

BETZONE LIMITED (REGISTERED NUMBER: 12976148)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BETZONE LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I Blackburn
N Hudson





SECRETARY: I Blackburn





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 12976148 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Statement of Financial Position
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,027 5,262
Tangible assets 5 29,645 33,874
30,672 39,136

CURRENT ASSETS
Debtors 6 280,878 591,498
Cash at bank 81,236 1,716,938
362,114 2,308,436
CREDITORS
Amounts falling due within one year 7 502,480 844,011
NET CURRENT (LIABILITIES)/ASSETS (140,366 ) 1,464,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

(109,694

)

1,503,561

PROVISIONS FOR LIABILITIES 8 5,633 7,967
NET (LIABILITIES)/ASSETS (115,327 ) 1,495,594

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (115,427 ) 1,495,494
SHAREHOLDERS' FUNDS (115,327 ) 1,495,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Statement of Financial Position - continued
31 DECEMBER 2024


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 13 February 2025 and were signed on its behalf by:




I Blackburn - Director



N Hudson - Director


BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Betzone 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.

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


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 represents stakes received in respect of bookmaking transactions placed on events which occurred before the period end, less the amounts paid to winning customers.

Stakes received are not recognised as turnover until the result of the event(s) on which the stake is placed is known. The amount is included as deferred income until this time. This policy is considered to be reasonable as it matches the stakes with any payout made.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
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.

BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

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 22 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 17,310
AMORTISATION
At 1 January 2024 12,048
Charge for year 4,235
At 31 December 2024 16,283
NET BOOK VALUE
At 31 December 2024 1,027
At 31 December 2023 5,262

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 16,733 68,343 85,076
Additions 3,618 11,144 14,762
At 31 December 2024 20,351 79,487 99,838
DEPRECIATION
At 1 January 2024 7,250 43,952 51,202
Charge for year 3,741 15,250 18,991
At 31 December 2024 10,991 59,202 70,193
NET BOOK VALUE
At 31 December 2024 9,360 20,285 29,645
At 31 December 2023 9,483 24,391 33,874

BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 55,398 502,593
Directors' loan account - 19,533
Deferred tax asset 205,171 -
Prepayments and accrued income 20,309 69,372
280,878 591,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 82,007 93,644
Corporation tax 210,206 205,171
Social security and other taxes 44,279 261,565
Other creditors 155,679 261,471
Accruals and deferred income 10,309 22,160
502,480 844,011

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 5,633 7,967

Deferred
tax
£   
Balance at 1 January 2024 7,967
Provided during year (2,334 )
Balance at 31 December 2024 5,633

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000,000 Ordinary Shares £0.0001 100 100

On 14th October, 2022, the company share capital was subdivided from 100 ordinary shares of £1.00 each to 1,000,000 ordinary shares of £0.0001 each.

BETZONE LIMITED (REGISTERED NUMBER: 12976148)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,495,494
Deficit for the year (1,610,921 )
At 31 December 2024 (115,427 )

11. POST BALANCE SHEET EVENTS

During the period following the year under review, the company has sold its trading name, domains and Intellectual Property Rights to Richmond Operations One Limited, a company registered in Gibraltar.

Betzone Limited and Richmond One Limited have a director and some shareholders in common.