The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Immersiverse Limited is a private company limited by shares incorporated in England and Wales. The registered office is 39 Long Acre, London, Greater London, England, WC2E 9LG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements are prepared on the going concern basis. trueSilver Lining Productions No.1 Limited, the parent company, has provided a letter of support confirming that financial support with be provided for a period of not less than twelve months from the date of signing the financial statements. The parent has also confirmed that it will not seek repayment of amounts owed without compromising the ability of the company to trade and meet its liabilities as they fall due. As a result, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only has basic financial instruments measured at amortised cost with no financial instruments classified as other or basic instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

The company has taken the exemption under FRS102 not to disclose transactions with 100% group companies.

The parent company is Silver Lining Productions No.1 Limited, a company registered in England and Wales.

The ultimate controlling party is KIN Capital Partners LLP as it owns 100% of KCP Nominees LTD. As KCP Nominees LTD holds a 51.75% position in Silver Lining Productions No1 Limited, a majority shareholding, KIN is able to control decisions at shareholder meetings.

Charges have been made against the film "Hope Gap" in favour of the following parties to secure their interests in the copyright of the title to the film: Silver Lining Productions No.1 Ltd; Film Finances Inc.; Lip Sync Productions LLP; Origin Pictures Ltd; Sampsonic Media Ltd; Screen Yorkshire Ltd and William Nicholson.