Company Registration number: 15718764

DragonBet Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

DragonBet Ltd

(Registration number: 15718764)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	33,169	3,275
Current assets
Debtors	5	797,157	137,900
Cash at bank and in hand		1,418,831	1,214,594
		2,215,988	1,352,494
Creditors: Amounts falling due within one year	6	(1,894,880)	(969,619)
Net current assets		321,108	382,875
Total assets less current liabilities		354,277	386,150
Creditors: Amounts falling due after more than one year	6	-	(500,000)
Provisions for liabilities		(8,292)	-
Net assets/(liabilities)		345,985	(113,850)
Capital and reserves
Called up share capital	7	1	1
Retained earnings		345,984	(113,851)
Shareholders' funds/(deficit)		345,985	(113,850)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 August 2026 and signed on its behalf by:
 

......................................... Mr D E Lovell Director

......................................... Mr J J L Lovell Director

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in Wales and England.

The address of its registered office is:
2 Alexandra Gate
Fford Pengam
Cardiff
CF24 2SA

These financial statements were authorised for issue by the Board on 25 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received. The fair value of revenue is total amounts wagered less payouts on sportsbook betting and online gaming.

Turnover is recognised under an exchange transaction with a customer when and to the extent that the business obtains the rights to consideration in exchange for its performance.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost
Plant and machinery	25% on cost
Fixtures and fittings	10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 8).

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 December 2024	-	-	3,381	3,381
Additions	2,136	471	31,375	33,982
At 30 November 2025	2,136	471	34,756	37,363
Depreciation
At 1 December 2024	-	-	106	106
Charge for the year	18	79	3,991	4,088
At 30 November 2025	18	79	4,097	4,194
Carrying amount
At 30 November 2025	2,118	392	30,659	33,169
At 30 November 2024	-	-	3,275	3,275

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		7,500	-
Amounts owed by related parties	9	292,441	26,000
Prepayments		167,570	35,041
Other debtors		329,646	76,859
		797,157	137,900

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	3,712
Trade creditors		204,998	262,754
Amounts owed to group undertakings	9	3,375	-
Taxation and social security		150,517	14,756
Accruals and deferred income		502,679	193,332
Other creditors		1,033,311	495,065
		1,894,880	969,619

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	500,000

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	-	500,000

Current loans and borrowings

	2025 £	2024 £
Other borrowings	-	3,712

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9	Related party transactions

Amounts owing to/(from) the directors

2025	At 1 December 2024 £	Advances to director £	Repayments by director £	At 30 November 2025 £
Mr D E Lovell
Interest free and unsecured	39,999	250,292	(45,172)	245,119

2024	At 14 May 2024 £	Advances to director £	Repayments by director £	At 30 November 2024 £
Mr D E Lovell
Interest free and unsecured	-	40,000	(1)	39,999

Income and receivables from related parties

2025	Other related parties £
Receipt of services	30,000

2024

Loans to related parties

2025	Subsidiary £	Other related parties £	Total £
At start of period	26,000	-	26,000
Advanced	204,077	198,450	402,527
Repaid	-	(157,993)	(157,993)
Interest transactions	-	8,191	8,191
At end of period	230,077	48,648	278,725

2024	Subsidiary £	Total £
Advanced	26,000	26,000
At end of period	26,000	26,000

DragonBet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Terms of loans to related parties

No interest has been charged on the loans to fellow subsidiaries. These amounts are unsecured and repayable on demand.

 Interest was charged at 8% per annum above the Bank of England base rate, payable quarterly in arrears on loans to other related parties.These amounts were unsecured and repayable upon demand.

Loans from related parties

2025	Other related parties £	Total £
At start of period	503,712	503,712
Repaid	(512,041)	(512,041)
Interest transactions	8,329	8,329
At end of period	-	-

2024	Other related parties £	Total £
Advanced	500,000	500,000
Interest transactions	3,712	3,712
At end of period	503,712	503,712

Terms of loans from related parties

Interest was charged at 2.25% per annum, payable quarterly in arrears from other related parties.These amounts were unsecured and repayable upon demand.

10	Parent and ultimate parent undertaking

The company's immediate parent is Lovells Group Limited, incorporated in England and Wales.