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Registered number: 01993814









THE NATIONAL BINGO GAME ASSOCIATION LIMITED
(A company limited by guarantee)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 DECEMBER 2024

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 01993814

BALANCE SHEET
AS AT 29 DECEMBER 2024

29 December 2024
31 December 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
81,836
46,298

Investments
 5 
2
2

  
81,838
46,300

Current assets
  

Debtors: amounts falling due within one year
 6 
203,714
136,490

Cash at bank and in hand
 7 
2,315,034
3,053,266

  
2,518,748
3,189,756

Creditors: amounts falling due within one year
 8 
(1,467,977)
(2,357,306)

Net current assets
  
 
 
1,050,771
 
 
832,450

Total assets less current liabilities
  
1,132,609
878,750

Net assets
  
1,132,609
878,750


Capital and reserves
  

Profit and loss account
  
1,132,609
878,750


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Baron
Director

Date: 11 June 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 1

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 01993814
    
BALANCE SHEET (CONTINUED)
AS AT 29 DECEMBER 2024


Page 2

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

1.


General information

The National Bingo Association Limited is a private company limited by guarantee and registered in England and Wales. Its registered office address is Lexham House, 75 High Street North, Dunstable, Bedfordshire, LU6 1JF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 4

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3 years straight line
Office equipment
-
3 years straight line
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2023 - 7).

Page 6

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 30 December 2023
32,709
147,422
2,718,490
2,898,621


Additions
1,324
3,036
60,277
64,637



At 29 December 29 December 2024

34,033
150,458
2,778,767
2,963,258



Depreciation


At 30 December 2023
24,465
141,128
2,686,730
2,852,323


Charge for the period on owned assets
3,257
2,567
23,275
29,099



At 29 December 29 December 2024

27,722
143,695
2,710,005
2,881,422



Net book value



At 29 December 29 December 2024
6,311
6,763
68,762
81,836



At 29 December 31 December 2023
8,244
6,294
31,760
46,298


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 30 December 2023
2



At 29 December 29 December 2024
2






Net book value



At 29 December 29 December 2024
2



At 29 December 31 December 2023
2

Page 7

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024

6.


Debtors

29 December 2024
31 December 2023
£
£

Trade debtors
8,211
8,010

Amounts owed by group undertakings
21,760
8

Other debtors
8,180
8,150

Prepayments and accrued income
165,563
120,322

203,714
136,490



7.


Cash and cash equivalents

29 December 2024
31 December 2023
£
£

Cash at bank and in hand
2,315,034
3,053,266


Barclays Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.


8.


Creditors: Amounts falling due within one year

29 December 2024
31 December 2023
£
£

Trade creditors
101,037
70,777

Amounts owed to group undertakings
-
978

Corporation tax
22,554
3,828

Other taxation and social security
55,836
49,570

Other creditors
1,211,563
2,178,816

Accruals and deferred income
76,987
53,337

1,467,977
2,357,306


Page 8

 
THE NATIONAL BINGO GAME ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2024


9.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Every member of the company undertakes to contribute to the assets if it should be wound up, while they are a member or within one year after they cease to be a member, for payment of the liabilities of the company contracted before they cease to be a member, and of costs, charges and expenses of winding up, and for the adjustments of the rights of the contributors themselves, such amounts as may be required.


10.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,250 (2023 - £25,237). No contributions (2023 - £Nil) were payable to the fund at the balance sheet date.


11.


Commitments under operating leases

At 29 December 29 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 December 2024
31 December 2023
£
£


Not later than 1 year
40,000
40,000

Later than 1 year and not later than 5 years
120,000
120,110

Later than 5 years
104,767
144,658

264,767
304,768


12.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.


13.


Auditors' information

The auditors' report on the financial statements for the period ended 29 December 2024 was unqualified.

The audit report was signed on 18 June 2025 by Alexander Chrysaphiades (FCA) (senior statutory auditor) on behalf of Adler Shine LLP.

 
Page 9