Silverfin false false 31/12/2024 11/01/2024 31/12/2024 Mr N J Eccles 11/01/2024 Mr R Jones 11/01/2024 13 August 2025 The principal activity for the Company during the financial period was that of the development of software for gamification of the sportsbook and casino trade. SC794906 2024-12-31 SC794906 bus:Director1 2024-12-31 SC794906 bus:Director2 2024-12-31 SC794906 core:CurrentFinancialInstruments 2024-12-31 SC794906 core:ShareCapital 2024-12-31 SC794906 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC794906 core:OtherPropertyPlantEquipment 2024-01-10 SC794906 2024-01-10 SC794906 core:OtherPropertyPlantEquipment 2024-12-31 SC794906 bus:OrdinaryShareClass1 2024-12-31 SC794906 2024-01-11 2024-12-31 SC794906 bus:FilletedAccounts 2024-01-11 2024-12-31 SC794906 bus:SmallEntities 2024-01-11 2024-12-31 SC794906 bus:AuditExemptWithAccountantsReport 2024-01-11 2024-12-31 SC794906 bus:PrivateLimitedCompanyLtd 2024-01-11 2024-12-31 SC794906 bus:Director1 2024-01-11 2024-12-31 SC794906 bus:Director2 2024-01-11 2024-12-31 SC794906 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-11 2024-12-31 SC794906 core:OtherPropertyPlantEquipment 2024-01-11 2024-12-31 SC794906 bus:OrdinaryShareClass1 2024-01-11 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC794906 (Scotland)

BETHOG LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 11 JANUARY 2024 TO 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

BETHOG LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 11 JANUARY 2024 TO 31 DECEMBER 2024

Contents

BETHOG LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
BETHOG LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 31.12.2024
£
Fixed assets
Tangible assets 3 16,425
16,425
Current assets
Debtors 4 1,078
Cash at bank and in hand 67,176
68,254
Creditors: amounts falling due within one year 5 ( 49,874)
Net current assets 18,380
Total assets less current liabilities 34,805
Provision for liabilities 6 ( 3,434)
Net assets 31,371
Capital and reserves
Called-up share capital 7 1
Profit and loss account 31,370
Total shareholder's funds 31,371

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of BetHog Ltd (registered number: SC794906) were approved and authorised for issue by the Board of Directors on 13 August 2025. They were signed on its behalf by:

Mr N J Eccles
Director
BETHOG LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 11 JANUARY 2024 TO 31 DECEMBER 2024
BETHOG LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 11 JANUARY 2024 TO 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

BetHog Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 18 Castlemains Gardens Dirleton, North Berwick, EH39 5EU, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Following incorporation of the Company on 11 January 2024, the reporting period length for the first financial period is 11 January 2024 to 31 December 2024.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the parent company.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability or an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
11.01.2024 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 8

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 11 January 2024 0 0
Additions 17,661 17,661
At 31 December 2024 17,661 17,661
Accumulated depreciation
At 11 January 2024 0 0
Charge for the financial period 1,236 1,236
At 31 December 2024 1,236 1,236
Net book value
At 31 December 2024 16,425 16,425

4. Debtors

31.12.2024
£
Other debtors 1,078

5. Creditors: amounts falling due within one year

31.12.2024
£
Trade creditors 1,770
Taxation and social security 37,210
Other creditors 10,894
49,874

6. Deferred tax

31.12.2024
£
At the beginning of financial period 0
Charged to the Profit and Loss Account ( 3,434)
At the end of financial period ( 3,434)

7. Called-up share capital

31.12.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1

8. Ultimate controlling party

Parent Company:

BetHog Inc.
631 Orienta Avenue,
Mamaroneck,
NY 10543.