For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

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.

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

Immersion Capital Services (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Stag House, Old London Road, Hertford, Hertfordshire, United Kingdom, SG13 7LA.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised when the amount of revenue can be reliably measured, and it is probable that the Company will be paid for what it’s due.

Expenditure on research and development is charged to the profit and loss account in the year in which it is incurred.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Assets are depreciated at an appropriate rate over their estimated useful life.

Investments held as fixed assets are stated at cost after allowing for impairment in value.

The Company does not trade in financial instruments.

All trade and other debtors are initially recognised at transaction value, because none of them are financing transactions. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence that the Company may not recover amounts owed. The Company does not hold collateral against its trade and other debtors, so its exposure to credit risk is the net balance of trade and other debtors after allowing for any credit losses.

Cash is held with banks with a strong external credit rating.

Trade and other creditors and accruals are initially recognised at transaction value, as none of them are financing transactions. They are derecognised when paid.

As the Company only has short-term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Taxation for the year is current and deferred tax. Tax is generally recognised in the income statement, unless 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 as the amount of tax payable using applicable tax law at balance sheet date.

Deferred tax is recognised on all timing differences at balance sheet date.

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

Tax losses and other deferred tax assets are recognised when it’s probable they’ll be recovered against either the reversal of deferred tax liabilities or future taxable profits.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leases that don’t transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Monetary assets and liabilities in foreign currencies are translated into sterling at applicable exchange rates at the balance sheet date. Transactions in foreign currencies are translated into sterling at applicable exchange rates on the date of transaction. Exchange differences are considered in arriving at the operating result.

Expenses

Expenses incurred have been recognised on an accruals basis

The preparation of the financial statements requires management to make judgements, estimates and assumptions affecting the amounts reported for assets and liabilities at balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means that actual outcomes could differ from those estimates.

The average monthly number of persons (including directors) employed by the company during the year was:

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The immediate parent undertaking is Immersion Capital Intermediate Limited, a company registered in the Cayman Islands. The ultimate parent company is Immersion Capital Management (GP) Limited, a company registered in the Cayman Islands.