REGISTERED NUMBER: 14298494 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Racecourse Betting Compliance Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

T Booth

J P Carthy

REGISTERED OFFICE:

11 Longbow Close

Pennine Business Park

Bradley

Huddersfield

HD2 1GQ

REGISTERED NUMBER:

14298494 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Racecourse Betting Compliance Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Racecourse Betting Compliance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Racecourse Betting Compliance Limited and state those matters that we have agreed to state to the Board of Directors of Racecourse Betting Compliance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Racecourse Betting Compliance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Racecourse Betting Compliance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Racecourse Betting Compliance Limited. You consider that Racecourse Betting Compliance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Racecourse Betting Compliance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

23 September 2025

FIXED ASSETS

Intangible assets

5

27,659

38,031

Tangible assets

6

1,719

280

29,378

38,311

CURRENT ASSETS

Debtors

7

123,438

112,163

Cash at bank

5,037

3,970

128,475

116,133

CREDITORS

Amounts falling due within one year

8

156,619

129,433

NET CURRENT LIABILITIES

(28,144

)

(13,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,234

25,011

PROVISIONS FOR LIABILITIES

5,616

9,578

NET (LIABILITIES)/ASSETS

(4,382

)

15,433

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(4,383

)

15,432

(4,382

)

15,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

T Booth - Director

1.	STATUTORY INFORMATION

Racecourse Betting Compliance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The Directors have considered the Company’s financial position and prospects, including the impact of current trading conditions within the racing industry. While the sector continues to experience a slow yet steady decline, increased overhead costs have placed additional pressure on the Company’s profitability.

Notwithstanding these challenges, the Company benefits from the ongoing financial support of the wider Group. The Directors have received confirmation that intercompany loans will not be called for repayment in the foreseeable future, and that sufficient resources will be made available as required to enable the Company to meet its liabilities as they fall due.

On this basis, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated

depreciation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery etc - 33.3% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Going concern

The directors' are satisfied that the immediate parent undertaking has adequate resources and will continue to support the company to continue in operational existence for a period of at least twelve months from the date of this report.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

51,860

AMORTISATION

At 1 January 2024

13,829

Amortisation for year

10,372

At 31 December 2024

24,201

NET BOOK VALUE

At 31 December 2024

27,659

At 31 December 2023

38,031

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

500

Additions

2,388

At 31 December 2024

2,888

DEPRECIATION

At 1 January 2024

220

Charge for year

949

At 31 December 2024

1,169

NET BOOK VALUE

At 31 December 2024

1,719

At 31 December 2023

280

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

82,985

81,889

Amounts owed by group undertakings

25,103

14,127

Other debtors

15,350

16,147

123,438

112,163

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

22,712

40,372

Taxation and social security

36,364

36,646

Other creditors

97,543

52,415

156,619

129,433

9.	RELATED PARTY DISCLOSURES

Due from parent company

2024

2023

£

£

Amount due from related party at the balance sheet date

25,103

14,127

The above loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Racecourse Data Technologies Limited. In the opinion of the directors there is no one ultimate controlling party.