Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31352024-01-01falseNo description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07080629 2024-01-01 2024-12-31 07080629 2023-01-01 2023-12-31 07080629 2024-12-31 07080629 2023-12-31 07080629 c:Director3 2024-01-01 2024-12-31 07080629 d:OfficeEquipment 2024-01-01 2024-12-31 07080629 d:OfficeEquipment 2024-12-31 07080629 d:OfficeEquipment 2023-12-31 07080629 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07080629 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 07080629 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 07080629 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 07080629 d:CurrentFinancialInstruments 2024-12-31 07080629 d:CurrentFinancialInstruments 2023-12-31 07080629 d:Non-currentFinancialInstruments 2024-12-31 07080629 d:Non-currentFinancialInstruments 2023-12-31 07080629 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07080629 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07080629 d:ShareCapital 2024-12-31 07080629 d:ShareCapital 2023-12-31 07080629 d:RetainedEarningsAccumulatedLosses 2024-12-31 07080629 d:RetainedEarningsAccumulatedLosses 2023-12-31 07080629 c:FRS102 2024-01-01 2024-12-31 07080629 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07080629 c:FullAccounts 2024-01-01 2024-12-31 07080629 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07080629 2 2024-01-01 2024-12-31 07080629 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07080629 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 07080629









BETABLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BETABLE LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9


 
BETABLE LIMITED
REGISTERED NUMBER: 07080629

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
7,365

Tangible assets
 5 
52
979

  
52
8,344

Current assets
  

Debtors: amounts falling due after more than one year
 6 
2,313,451
2,368,451

Debtors: amounts falling due within one year
 6 
3,342,393
1,040,529

Cash at bank and in hand
 7 
278,832
183,911

  
5,934,676
3,592,891

Creditors: amounts falling due within one year
 8 
(24,445,419)
(19,898,868)

Net current liabilities
  
 
 
(18,510,743)
 
 
(16,305,977)

Total assets less current liabilities
  
(18,510,691)
(16,297,633)

  

Net liabilities
  
(18,510,691)
(16,297,633)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(18,510,692)
(16,297,634)

  
(18,510,691)
(16,297,633)


Page 1

 
BETABLE LIMITED
REGISTERED NUMBER: 07080629
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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: 




................................................
W Jacobs
Director

Date: 4 August 2025

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

Page 2

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Betable Limited is a private company, limited by shares, domiciled in England and Wales,
registration number 07080629. The registered office is Aston House, Cornwall Avenue, London N3 1LF.

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

Going concern

The immediate parent company, Collisse Group Limited and the ultimate parent company, Rubicon Media LLC will continue supporting the company to meet its working capital requirement and obligations. On this basis the directors considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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:

Office equipment
-
25%
Straight line method

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.

 
2.11

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.

Page 5

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 45 (2023 - 35).

Page 6

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Trademarks

£





At 1 January 2024
12,273


Disposals
(12,273)



At 31 December 2024

-





At 1 January 2024
4,908


Charge for the year on owned assets
1,227


On disposals
(6,135)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 31 December 2023
7,365



Page 7

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
3,712



At 31 December 2024

3,712



Depreciation


At 1 January 2024
2,732


Charge for the year on owned assets
928



At 31 December 2024

3,660



Net book value



At 31 December 2024
52



At 31 December 2023
979


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
2,313,451
2,368,451

2,313,451
2,368,451


2024
2023
£
£

Due within one year

Trade debtors
34,509
39,924

Other debtors
3,156,304
888,475

Prepayments and accrued income
28,388
24,641

Tax recoverable
123,192
87,489

3,342,393
1,040,529


Page 8

 
BETABLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
278,832
183,911

278,832
183,911



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
389,270
59,227

Other taxation and social security
176,312
210,105

Other creditors
23,561,622
19,562,671

Accruals and deferred income
318,215
66,865

24,445,419
19,898,868



9.


Controlling party

The immediate parent company and controlling party is Collisse Group Limited, a company incorporated in British Virgin Islands. Rubicon Media Inc is the ultimate parent company and is incorporated in the USA.

 
Page 9