PREMIER LOTTERIES UK LIMITED

• ⚠

  Material uncertainty over going concern

  Taking into account all available information about the future, which is at least twelve months from the date when the financial statements are authorised for issue, the Company is no longer a going concern for the year ended 30 September 2024 and the financial statements are prepared on a basis other than going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Taking into account all available information about the future, which is at least twelve months from the date when the financial statements are authorised for issue, the Company is no longer a going concern for the year ended 30 September 2024 and the financial statements are prepared on a basis other than going concern.”

Group structure

1. PREMIER LOTTERIES UK LIMITED · parent
   1. Camelot Business Solutions Limited 100% · UK · Business Development

Significant events

• “On 4 February 2023, the Company disposed of its 100% equity interest in its subsidiary Camelot UK Lotteries Limited.”
• “On 3 March 2023, the Company disposed of its 100% equity interests in the Camelot LS Group.”
• “On 1 March 2023, a special resolution was passed to reduce the Company's share capital and cancel the share premium, increasing retained earnings by £30.7m.”
• “On 6 March 2023, a share transfer was completed whereby PLCUK acquired 7 B Ordinary Shares in the Company from Fourmoront Corporation.”
• “During the period the director made the decision to transition from International Financial Reporting Standards ('IFRS') to Financial Reporting Standard 102 ('FRS 102').”
• “In February 2023, the Company's investment assets were sold to Allwyn. The directors do not have plans to retain the Company for other purposes and as a result, they plan to liquidate the Company in the near future.”
• “The Company's parent undertaking was Premier Lotteries Capital UK Limited ('PLCUK') until 16 September 2025 when PLCUK was dissolved. The Company's ultimate shareholder is now Ontario Teachers' Pension Plan Board ('Teachers').”
• “Under the terms of the share purchase agreement for the sale of investment in CGLSL, the Company received an additional sum of USD$10.5 million in March 2024, with the amount equal to £8.2 million.”
• “The rate of UK corporation tax increased to 25.0% from 19.0% on 1 April 2023.”
• “At the previous year end, a provision of £2.4m was recognised. The actual value paid during the current period was £1.4m, resulting in a gain realised in the statement of comprehensive income of £1m.”
• “The comparative figures in the primary statements and notes have been restated to reflect a prior year error related to a sale of investment in CGLSL, where an amount equivalent to £0.8 million was not reflected in prior year.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.