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REGISTERED NUMBER: 10342163 (England and Wales)

VISR Holdings Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

VISR Holdings Limited (Registered number: 10342163)

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

VISR Holdings Limited

Company Information

for the year ended 31 March 2025

| DIRECTORS: | L A Deane

| L R West

| G A Hainsworth

| Mrs A Hainsworth

| P Ashton

| REGISTERED OFFICE: | Regent's Court

| Princess Street

| HULL

| East Yorkshire

| HU2 8BA

| REGISTERED NUMBER: | 10342163 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

VISR Holdings Limited (Registered number: 10342163)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 684 |  | 5,550 |  |

Investments | 5 | 101 |  | 101 |  |

785 |  | 5,651 |  |

CURRENT ASSETS

Debtors | 6 | 16,684 |  | 17,262 |  |

Cash at bank | 14 |  | 1,630 |  |

16,698 |  | 18,892 |  |

CREDITORS

Amounts falling due within one year | 7 | 3,844,315 |  | 2,729,515 |  |

NET CURRENT LIABILITIES | (3,827,617 | ) | (2,710,623 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (3,826,832 | ) | (2,704,972 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | 11,030 |  |

NET LIABILITIES | (3,826,832 | ) | (2,716,002 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 345 |  | 345 |  |

Share premium | 1,249,836 |  | 1,249,836 |  |

Retained earnings | (5,077,013 | ) | (3,966,183 | ) |

SHAREHOLDERS' FUNDS | (3,826,832 | ) | (2,716,002 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VISR Holdings Limited (Registered number: 10342163)

Balance Sheet - continued

31 March 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

L A Deane - Director

VISR Holdings Limited (Registered number: 10342163)

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| VISR Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about VISR Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 402 of the Companies Act 2006 not to prepare consolidated financial statements.

| Going concern

| At the balance sheet date, the company's liabilities exceeded its assets. However the directors are of the opinion that due to the continued support of the company's creditors it continues to be a going concern. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 33% on cost

| Computer equipment | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VISR Holdings Limited (Registered number: 10342163)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 9,403 |  | 15,084 |  | 24,487 |  |

| DEPRECIATION

| At 1 April 2024 | 7,917 |  | 11,020 |  | 18,937 |  |

| Charge for year | 1,066 |  | 3,800 |  | 4,866 |  |

| At 31 March 2025 | 8,983 |  | 14,820 |  | 23,803 |  |

| NET BOOK VALUE

| At 31 March 2025 | 420 |  | 264 |  | 684 |  |

| At 31 March 2024 | 1,486 |  | 4,064 |  | 5,550 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 101 |  |

| NET BOOK VALUE

| At 31 March 2025 | 101 |  |

| At 31 March 2024 | 101 |  |

| The company holds 100% of the share capital of VISR Dynamics Limited and 60% of the share capital of Gateway Interactive Limited.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 16,684 |  | 17,262 |  |

VISR Holdings Limited (Registered number: 10342163)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,099 |  | 10,182 |  |

| Trade creditors | 45,992 |  | 10,228 |  |

| Amounts owed to group undertakings | 3,108,277 |  | 2,000,043 |  |

| Other creditors | 679,947 |  | 709,062 |  |

3,844,315 |  | 2,729,515 |  |

| Within other creditors £90,776 is secured by a fixed and floating charge over the assets of the company.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 11,030 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 345 | Ordinary | £1 | 345 |  | 345 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company has no single controlling party.