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REGISTERED NUMBER: 12329287 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| INNOVISION IP LTD |

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

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 |

INNOVISION IP LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Dr G G Green

| W R Newmark

| P J Schwabach

| REGISTERED OFFICE: | 50 Seymour Street

| London

| W1H 7JG

| REGISTERED NUMBER: | 12329287 (England and Wales)

| ACCOUNTANTS: | Orcom Civvals Limited

| Accountants

| 50 Seymour Street

| London

| W1H 7JG

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 125,688 |  | 42,646 |  |

Tangible assets | 5 | 3,351 |  | 3,985 |  |

129,039 |  | 46,631 |  |

CURRENT ASSETS

Debtors | 6 | 393,768 |  | 108,155 |  |

Cash at bank | 57,535 |  | 117,267 |  |

451,303 |  | 225,422 |  |

CREDITORS

Amounts falling due within one year | 7 | (152,479 | ) | (133,532 | ) |

NET CURRENT ASSETS | 298,824 |  | 91,890 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 427,863 |  | 138,521 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 8 | 427,763 |  | 138,421 |  |

427,863 |  | 138,521 |  |

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.

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

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 19 January 2026 and were signed on its behalf by:

Dr G G Green - Director

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Innovision IP Ltd 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| We are making an election under S.815 CTA 2009 to treat software capitalised as intangible assets in the sum of £100,000 on the balance sheet as tangible assets for capital allowances.

| 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 | - | 25% on cost

| Computer equipment | - | 25% on 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.

| Pension costs and other post-retirement benefits

| 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.

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

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 4 (2024 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 1 April 2024 | 106,250 |  |

| Additions | 100,000 |  |

| At 31 March 2025 | 206,250 |  |

| AMORTISATION

| At 1 April 2024 | 63,604 |  |

| Amortisation for year | 16,958 |  |

| At 31 March 2025 | 80,562 |  |

| NET BOOK VALUE

| At 31 March 2025 | 125,688 |  |

| At 31 March 2024 | 42,646 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | - |  | 6,224 |  | 6,224 |  |

| Additions | 983 |  | - |  | 983 |  |

| At 31 March 2025 | 983 |  | 6,224 |  | 7,207 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 2,239 |  | 2,239 |  |

| Charge for year | 61 |  | 1,556 |  | 1,617 |  |

| At 31 March 2025 | 61 |  | 3,795 |  | 3,856 |  |

| NET BOOK VALUE

| At 31 March 2025 | 922 |  | 2,429 |  | 3,351 |  |

| At 31 March 2024 | - |  | 3,985 |  | 3,985 |  |

INNOVISION IP LTD (REGISTERED NUMBER: 12329287)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 369,609 |  | 108,055 |  |

| Other debtors | 24,159 |  | 100 |  |

393,768 |  | 108,155 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 29,261 |  | 74,002 |  |

| Taxation and social security | 120,691 |  | 57,474 |  |

| Other creditors | 2,527 |  | 2,056 |  |

152,479 |  | 133,532 |  |

8. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 138,421 |  |

| Profit for the year | 289,342 |  |

| At 31 March 2025 | 427,763 |  |