VOICEVERSE LABS LTD


Directors	AGGARWAL, Vatsal
	SHARMA, Siddharth


Registered Address	Summit House
	12 Red Lion Square
	London
	WC1R 4HQ


Registered Number	13844903 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		16,859		30,356
			16,859		30,356
Current assets
Debtors	5	213,801		259,179
Cash at bank and on hand		38,626		17,248
		252,427		276,427
Creditors amounts falling due within one year	6	(1,710,107)		(998,147)
Net current assets (liabilities)			(1,457,680)		(721,720)
Total assets less current liabilities			(1,440,821)		(691,364)
Net assets			(1,440,821)		(691,364)
Capital and reserves
Called up share capital			120		120
Share premium			220,361		220,361
Profit and loss account			(1,661,302)		(911,845)
Shareholders' funds			(1,440,821)		(691,364)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 December 2025, and are signed on its behalf by:

SHARMA, Siddharth
Director
Registered Company No. 13844903

VOICEVERSE LABS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The directors consider the basis to be appropriate as the company expects to continue generating sales and the parent company, MetaVoice Labs Inc, has sufficient reserves to support the company to trade for a minimum of 12 months from the period end.

Going concern

The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The directors consider the basis to be appropriate as the company expects to continue generating sales and the parent company, MetaVoice Labs Inc, has sufficient reserves to support the company to trade for a minimum of 12 months from the period end.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		3

3.	Prior period adjustment
	Amounts owed to related parties of £963,752 were previously included within Creditors: amounts due after one year, and costs of £212,738 were previously included within cost of sales for the period ended 31 March 2024. In the current year financial statements, these amounts have been reclassified to Creditors: amounts due within one year and administrative expenses respectively. This reclassification is presentational in nature and has no impact on the reported loss for the prior period or on shareholders’ funds.

Prior period adjustment

Amounts owed to related parties of £963,752 were previously included within Creditors: amounts due after one year, and costs of £212,738 were previously included within cost of sales for the period ended 31 March 2024. In the current year financial statements, these amounts have been reclassified to Creditors: amounts due within one year and administrative expenses respectively. This reclassification is presentational in nature and has no impact on the reported loss for the prior period or on shareholders’ funds.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	40,576	40,576
At 31 March 25	40,576	40,576
Depreciation and impairment
At 01 April 24	10,220	10,220
Charge for year	13,497	13,497
At 31 March 25	23,717	23,717
Net book value
At 31 March 25	16,859	16,859
At 31 March 24	30,356	30,356

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	206,675	222,287
Prepayments and accrued income	7,126	36,892
Total	213,801	259,179

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,538	7,366
Bank borrowings and overdrafts	-	1,760
Amounts owed to related parties	1,643,102	963,752
Taxation and social security	34,090	24,609
Other creditors	11,955	294
Accrued liabilities and deferred income	16,422	366
Total	1,710,107	998,147


	At the balance sheet date, the company owed £1,643,102 (2024: £963,752) to the parent company, MetaVoice Labs Inc, based in the United States of America. The loan is unsecured, interest-free, and repayable on demand.

7.	Operating lease commitments
	At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £4,224 (2024: £46,080). The total amount is payable within one year.

8.	Related party transactions
	During the year a Director received a loan of £2,100 from the Company and another Director repaid £600 to the Company. At the balance sheet date, the two Directors owed £15,000 (2024: £13,500) to the Company and this amount is included within other debtors. The loans are unsecured, interest free and repayable on demand. The amount outstanding as at the year-end represents the highest amount outstanding during the year. Post year end the Director repaid the loan amount of £2,100 received during the year.

Related party transactions

During the year a Director received a loan of £2,100 from the Company and another Director repaid £600 to the Company. At the balance sheet date, the two Directors owed £15,000 (2024: £13,500) to the Company and this amount is included within other debtors.

The loans are unsecured, interest free and repayable on demand.

The amount outstanding as at the year-end represents the highest amount outstanding during the year.

Post year end the Director repaid the loan amount of £2,100 received during the year.