Report
Annual report and accounts 2024 to 2025
The Gambling Commission's 2024 to 2025 annual report and accounts. For the period 1 April 2024 to 31 March 2025.
Contents
- Foreword
- Performance report
- Accountability report
- Financial statements
- Notes on the accounts
-
- Statement of accounting policies
- Statement of operating costs by operating segment
- Expenditure
- Income cash receipts
- Property, plant and equipment
- Right of use assets
- Intangible assets
- Financial instruments
- Cash and cash equivalents
- Trade and other receivables
- Trade and other payables
- Provisions and charges
- Retirement benefit obligations
- Lease liabilities
- Contingent liabilities disclosed under IAS 37
- Related party transactions
- Amounts of income to the Consolidated Fund
- Events after the reporting period
- Appendices
6 - Right of use assets
In accordance with International Financial Reporting Standard (IFRS) 16, the Gambling Commission has categorised all leases as right of use assets, except for those leases which are exempt either by having less than 12 months to run from 31 March 2025 or are considered low value (less than £5,000).
The right of use asset is recognised as an asset and a corresponding lease liability at the net present value (NPV) of future lease payments. Lease payments are apportioned between the finance charge and the reduction of the outstanding liability.
Finance leases 2024 to 2025
| Description | Victoria Square House Land and Buildings £ thousands |
Plant and Equipment £ thousands |
Total £ thousands |
|
|---|---|---|---|---|
| Cost and/or valuation | ||||
| At 1 April 2024 | 5,094 | 10 | 5,104 | |
| Right of use asset additions | 0 | 0 | 0 | 0 |
| Derecognition of right-of-use assets | 0 | 0 | 0 | 0 |
| As at 31 March 2025 | 5,094 | 10 | 5,104 | |
| Accumulated depreciation | ||||
| At 1 April 2024 | 3,683 | 3 | 3,686 | |
| Charged in year | 797 | 4 | 801 | |
| Disposal | 0 | 0 | 0 | |
| As at 31 March 2025 | 4,480 | 7 | 4,487 | |
| Carrying value as at 31 March 2025 | 614 | 3 | 617 | |
| Carrying value as at 31 March 2024 | 1,411 | 7 | 1,418 | |
Finance leases 2023 to 2024
| Description | Victoria Square House Land and Buildings £ thousands |
Bloomsbury Street Land and Buildings £ thousands |
Plant and Equipment £ thousands |
Total £ thousands |
|---|---|---|---|---|
| Cost and/or valuation | ||||
| At 1 April 2023 | 5,094 | 611 | 16 | 5,721 |
| Right of use asset additions | 0 | 0 | 0 | 0 |
| Derecognition of right-of-use assets | 0 | (611) | (6) | (617) |
| As at 31 March 2024 | 5,094 | 0 | 10 | 5,104 |
| Accumulated depreciation | ||||
| At 1 April 2023 | 2,946 | 611 | 6 | 3,563 |
| Charged in year | 737 | 0 | 3 | 740 |
| Disposal | 0 | (611) | (6) | (617) |
| As at 31 March 2024 | 3,683 | 0 | 3 | 3,686 |
| Carrying value as at 31 March 2024 | 1,411 | 0 | 7 | 1,418 |
| Carrying value as at 31 March 2023 | 2,148 | 0 | 10 | 2,158 |
Victoria Square House
The Commission holds a current lease for its existing premises in central Birmingham. The lease was signed in May 2015, and is for a period of 10 years (with a 5-year break clause) and commenced with effect from February 2016 when the previous lease expired. As at 31 March 2025, the lease at Victoria Square House has a remainder of 11 months, through to February 2026. Discussions are ongoing to agree a contract modification to remain in Victoria Square House until September 2029.
Plant and Equipment
The Commission holds a current lease for 2 photocopiers for the office. The lease is for a period of 3 years and commenced with effect from 24 February 2023. The lease will continue to 23 February 2026.
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Intangible assets
Last updated: 15 October 2025
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