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
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- 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
g. Right of use assets
The Gambling Commission holds 2 lease arrangements: one for office accommodation and one for photocopiers. Both leases are considered immaterial in value.
Right-of-use assets and lease liabilities are measured using the cost model, which is considered an appropriate proxy for fair value under the FReM. Lease payments are fixed and do not include variable elements such as RPI or CPI uplifts.
The lease term reflects management’s judgement on the likelihood of exercising extension or break options, which is reassessed if significant changes occur (IFRS 16.18).
Right-of-use assets are depreciated on a straight-line basis over the lease term. Lease liabilities are measured at amortised cost, using the HMT discount rate where the implicit rate is not readily determinable.
Last updated: 15 October 2025
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