Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity86true 13715581 2024-01-01 2024-12-31 13715581 2023-01-01 2023-12-31 13715581 2024-12-31 13715581 2023-12-31 13715581 1 2024-01-01 2024-12-31 13715581 d:CompanySecretary1 2024-01-01 2024-12-31 13715581 d:Director2 2024-01-01 2024-12-31 13715581 d:Director3 2024-01-01 2024-12-31 13715581 d:RegisteredOffice 2024-01-01 2024-12-31 13715581 c:CurrentFinancialInstruments 2024-12-31 13715581 c:CurrentFinancialInstruments 2023-12-31 13715581 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 13715581 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13715581 c:ShareCapital 2024-12-31 13715581 c:ShareCapital 2023-12-31 13715581 c:RetainedEarningsAccumulatedLosses 2024-12-31 13715581 c:RetainedEarningsAccumulatedLosses 2023-12-31 13715581 d:FRS102 2024-01-01 2024-12-31 13715581 d:Audited 2024-01-01 2024-12-31 13715581 d:FullAccounts 2024-01-01 2024-12-31 13715581 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13715581 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 13715581 (England and Wales)














1/ST GLOBAL WAGERING SOLUTIONS LTD

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
1/ST GLOBAL WAGERING SOLUTIONS LTD
 
 
COMPANY INFORMATION


Directors
S Fraser 
A R Butler 




Company secretary
Bird & Bird Company Secretaries Limited



Registered number
13715581



Registered office
12 New Fetter Lane

London

England

EC4A 1JP




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited





 
1/ST GLOBAL WAGERING SOLUTIONS LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4

 
1/ST GLOBAL WAGERING SOLUTIONS LTD
REGISTERED NUMBER:13715581

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
317,824
58,817

Cash at bank and in hand
  
33,885
41,916

  
351,709
100,733

Creditors: amounts falling due within one year
 5 
(291,896)
(68,215)

Net current assets
  
 
 
59,813
 
 
32,518

Total assets less current liabilities
  
59,813
32,518

  

Net assets
  
59,813
32,518


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
59,812
32,517

  
59,813
32,518


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: 




S Fraser
Director

Date: 12 August 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
1/ST GLOBAL WAGERING SOLUTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
1.2

Going concern

The Company is in a net asset position. Despite this position, due to the Company's business model being solely a transfer pricing arrangement with TSG Global Wagering Solutions, LLC. and AmTote International, Inc., it is reliant upon continued support of these companies in order to remain a going concern.
The Company has received written confirmation from TSG Global Wagering Solutions, LLC. and AmTote International, Inc. that it will continue to provide financial support for a period of at least 12 months from the date of signing these financial statements. For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

 
1.3

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the parent company. Intercompany turnover is recognised when all of the following conditions are satisfied:
 
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the intercompany service agreement;
the costs incurred under the intercompany service agreement can be measured reliably.

 
1.4

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.

Page 2

 
1/ST GLOBAL WAGERING SOLUTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.5

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.

 
1.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

 
1.7

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 held on deposit by service providers is included within bank and cash balances, as these amounts are highly liquid and repayable without penalty on notice of not more than 24 hours.

  
1.8

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.


2.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 12 August 2025 by Adam Wildbore FCCA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.


3.


Employees

The average monthly number of employees during the year was 8 (2023 - 6).

Page 3

 
1/ST GLOBAL WAGERING SOLUTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
312,732
58,817

Other debtors
92
-

Prepayments and accrued income
5,000
-

317,824
58,817



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
140,000
-

Corporation tax
15,602
9,860

Other taxation and social security
28,398
39,068

Other creditors
4,737
2,250

Accruals and deferred income
103,159
17,037

291,896
68,215



6.


Controlling party

Ontario, Inc. is the parent company of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 95 Eric T. Smith Way, Aurora, Ontario, Canada, L4G 0Z6.


7.


Post balance sheet events

In February 2025, the company entered into an operating lease commitment for the rental of a property for £67,832 per annum and in January 2025 paid a deposit of £35,431. The term of the lease is five years and there is a break clause in February 2028. This is a non-adjusting post balance sheet event.
There were no adjusting or other non-adjusting post balance sheet events occuring between the end of the reporting period and the date these financial statements were approved.

 
Page 4