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REGISTERED NUMBER: SC236458 (Scotland)















Financial Statements for the Year Ended 30 September 2024

for

Sportsoracle Limited

Sportsoracle Limited (Registered number: SC236458)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sportsoracle Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Professor R J Maughan
Dr S M Shirreffs





SECRETARY: Dr S M Shirreffs





REGISTERED OFFICE: 1 East Craibstone Street
Aberdeen
Aberdeenshire
AB11 6YQ





REGISTERED NUMBER: SC236458 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

Sportsoracle Limited (Registered number: SC236458)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,898 2,260
Investments 5 927,227 755,632
988,125 757,892

CURRENT ASSETS
Debtors 6 58,132 35,620
Cash at bank 837,036 967,656
895,168 1,003,276
CREDITORS
Amounts falling due within one year 7 154,262 104,515
NET CURRENT ASSETS 740,906 898,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,729,031

1,656,653

PROVISIONS FOR LIABILITIES 8 3,275 11,816
NET ASSETS 1,725,756 1,644,837

CAPITAL AND RESERVES
Called up share capital 9 175 175
Capital redemption reserve 25 25
Fair value reserve 10 - 39,973
Retained earnings 1,725,556 1,604,664
SHAREHOLDERS' FUNDS 1,725,756 1,644,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Sportsoracle Limited (Registered number: SC236458)

Balance Sheet - continued
30 September 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 30 May 2025 and were signed on its behalf by:




Professor R J Maughan - Director



Dr S M Shirreffs - Director


Sportsoracle Limited (Registered number: SC236458)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sportsoracle Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 - 33% on cost and 20% 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 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.

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 (2023 - 2 ) .

Sportsoracle Limited (Registered number: SC236458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 12,228
Additions 60,126
At 30 September 2024 72,354
DEPRECIATION
At 1 October 2023 9,968
Charge for year 1,488
At 30 September 2024 11,456
NET BOOK VALUE
At 30 September 2024 60,898
At 30 September 2023 2,260

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 755,632
Additions 515,999
Disposals (376,678 )
Revaluations 32,274
At 30 September 2024 927,227
NET BOOK VALUE
At 30 September 2024 927,227
At 30 September 2023 755,632

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2021 53,435
Valuation in 2022 (22,348 )
Valuation in 2023 7,820
Valuation in 2024 (39,982 )
Cost 928,302
927,227

Sportsoracle Limited (Registered number: SC236458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 43,444 35,437
Other debtors 14,688 183
58,132 35,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 34,745 654
Taxation and social security 117,456 101,722
Other creditors 2,061 2,139
154,262 104,515

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 3,275 11,816

Deferred
tax
£   
Balance at 1 October 2023 11,816
Accelerated capital allowances (8,541 )
Balance at 30 September 2024 3,275

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
175 Ordinary £1 175 175

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023 39,973
Disposals (39,973 )

At 30 September 2024 -