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Company Registration No. 08495841 (England and Wales)
Immerse Labs Ltd Unaudited accounts for the year ended 30 April 2025
Immerse Labs Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Immerse Labs Ltd Company Information for the year ended 30 April 2025
Directors
Mr D Downes Mrs K Downes
Company Number
08495841 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
Aspens & Co Ltd 29 Highcroft Crescent Leamington Spa Warwickshire CV32 6BN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Immerse Labs Ltd for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Immerse Labs Ltd for the year ended 30 April 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Immerse Labs Ltd, as a body, in accordance with the terms of our engagement letter dated 2 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Immerse Labs Ltd and state those matters that we have agreed to state to the Board of Directors of Immerse Labs Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Immerse Labs Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Immerse Labs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Immerse Labs Ltd. You consider that Immerse Labs Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Immerse Labs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aspens & Co Ltd Chartered Certified Accountants 29 Highcroft Crescent Leamington Spa Warwickshire CV32 6BN 7 October 2025
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Immerse Labs Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
186
249
Investment property
5
121,209
121,209
121,395
121,458
Current assets
Debtors
6
3,222
582
Cash at bank and in hand
290
27,916
3,512
28,498
Creditors: amounts falling due within one year
7
(107,443)
(128,518)
Net current liabilities
(103,931)
(100,020)
Net assets
17,464
21,438
Capital and reserves
Profit and loss account
17,464
21,438
Shareholders' funds
17,464
21,438
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by
Mr D Downes Director Company Registration No. 08495841
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Immerse Labs Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Immerse Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 08495841. The registered office is 124 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
Investment property
Investment property is included at cost.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 May 2024
416
At 30 April 2025
416
Depreciation
At 1 May 2024
167
Charge for the year
63
At 30 April 2025
230
Net book value
At 30 April 2025
186
At 30 April 2024
249
5
Investment property
2025
£
Fair value at 1 May 2024
121,209
At 30 April 2025
121,209
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Immerse Labs Ltd Notes to the Accounts for the year ended 30 April 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,985
-
Accrued income and prepayments
237
402
Other debtors
-
180
3,222
582
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,245
2,280
VAT
(70)
3,515
Trade creditors
1,424
1,464
Taxes and social security
(683)
2,887
Loans from directors
105,527
118,372
107,443
128,518
8
Transactions with related parties
The company paid interest of £3,649 (2024: £12,946) to the director Mr D Downes.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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