ACCOUNTS - Final Accounts preparation

Company registration number: 10405720

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	SPORTCAST LIMITED


SPORTCAST LIMITED REGISTERED NUMBER:10405720

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due after more than one year - Deferred tax	4	8,673		1,380
Debtors due within one year	4	23,952,525		17,931,702
Bank and cash balances		463,528		1,945,427
		24,424,726		19,878,509
Creditors: amounts falling due within one year	5	(7,968,592)		(5,669,842)
Net current assets			16,456,134		14,208,667
Total assets less current liabilities			16,456,134		14,208,667

Net assets			16,456,134		14,208,667

Capital and reserves
Called up share capital	100	100
Capital contributions	641,348	641,348
Profit and loss account	15,814,686	13,567,219
	16,456,134	14,208,667

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:

................................................

J E Levin

Director

Date: 30 September 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


SPORTCAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Sportcast Limited is a private Company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is given on the Company Information page. The principal place of business is the same as the registered office.

The Company's functional and presentational currency is GBP.

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

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 generated via the operation of a betting platform and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

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.

2.4

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2


SPORTCAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

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.

Employees

The average monthly number of employees, including directors, during the year was 9 (2023 -14).

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SPORTCAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Debtors
		2024	2023
		£	£

Due after more than one year
Deferred tax asset	8,673	1,380
	8,673	1,380

					2024	2023
					£	£

Due within one year
Trade debtors	7,824,191	4,758,823
Amounts owed by group undertakings	13,727,406	8,536,750
Other debtors	693,670	17,372
Prepayments and accrued income	1,703,182	4,617,664
Tax recoverable	4,076	1,093
	23,952,525	17,931,702

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	123,326	257,910
Amounts owed to group undertakings	6,577,228	5,254,798
Other taxation and social security	1,116,469	19,095
Other creditors	55,913	51,611
Accruals	95,656	86,428
	7,968,592	5,669,842

6.	Post balance sheet events

On 24 March 2025, the ultimate holding company, Endeavor Group Holdings, Inc. completed the sale of OpenBet to OB Global Holdings LLC in a management buyout. Consequently, the ultimate holding company of Sportcast Limited was changed from Endeavor Group Holdings, Inc. to OB Global Holdings LLC.

7.	Parent company

At the year end, the parent of the smallest group for which consolidated financial statements were drawn up was Sportcast Pty Ltd. The registered office of the parent company is The Commons Cremorne, 10-20 Gwynne Street, Cremorne Vic 3121.

Page 4


SPORTCAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Auditor's information

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

The audit report was signed on 30 September 2025 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP

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