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Registration number: 07616190

The Virtual Tour Experts Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

The Virtual Tour Experts Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

The Virtual Tour Experts Limited

Company Information

Directors | Mr N Henderson Mrs L Henderson Mrs J E McDonald

Company secretary | Mrs L Henderson

Registered office | 128b High Street Sidmouth Devon EX10 8EE

Accountants | Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

The Virtual Tour Experts Limited

(Registration number: 07616190)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 109,900 | 105,643
Tangible assets | 5 | 12,459 | 16,994
|  | 122,359 | 122,637
Current assets |  |  |
Debtors | 6 | 20,192 | 16,032
Cash at bank and in hand |  | 70,830 | 117,657
|  | 91,022 | 133,689
Creditors: Amounts falling due within one year | 7 | (34,738) | (45,077)
Net current assets |  | 56,284 | 88,612
Net assets |  | 178,643 | 211,249
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 178,443 | 211,049
Shareholders' funds |  | 178,643 | 211,249

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The Virtual Tour Experts Limited

(Registration number: 07616190)
Balance Sheet as at 31 May 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2026 and signed on its behalf by:

......................................... Mr N Henderson Director

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
128b High Street
Sidmouth
Devon
EX10 8EE

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Prior period adjustments

Change in Accounting Policy – Capitalisation of Development Costs
During the year, the directors changed the company’s accounting policy in respect of development expenditure and decided that where the recognition criteria within FRS 102 Section 18 (Intangible Assets other than Goodwill) is met, it should be capitalised rather than expensing as incurred.
The change in accounting policy has been applied retrospectively in accordance with FRS 102 Section 10 (Accounting Policies, Estimates and Errors) and comparative information has been restated accordingly.
The retrospective application in 2024 resulted in:
• the recognition of £46,948 of development costs as intangible assets at the beginning of the comparative period, together with £9,390 of related accumulated amortisation.
• an increase in the brought forward retained earnings at 1 June 2025 by £109,900 and an increase in profit for the year ended 31 May 2024 by £14,863. amortisation.
• an increase in the brought forward retained earnings at 1 June 2024 by £105,643, to reflect the capitalisation of costs

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Asset class | Depreciation method and rate
Plant and machinery | 10% straight line basis
Office equipment | 10% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Internally generated software | 20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 June 2024 | 160,423 | 160,423
Additions internally developed | 45,427 | 45,427
At 31 May 2025 | 205,850 | 205,850
Amortisation
At 1 June 2024 | 54,780 | 54,780
Amortisation charge | 41,170 | 41,170
At 31 May 2025 | 95,950 | 95,950
Carrying amount
At 31 May 2025 | 109,900 | 109,900
At 31 May 2024 | 105,643 | 105,643

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 22,985 | 20,709 | 43,694
Additions | 3,415 | - | 3,415
Disposals | (5,398) | - | (5,398)
At 31 May 2025 | 21,002 | 20,709 | 41,711
Depreciation
At 1 June 2024 | 12,324 | 14,376 | 26,700
Charge for the year | 2,100 | 2,071 | 4,171
Eliminated on disposal | (1,619) | - | (1,619)
At 31 May 2025 | 12,805 | 16,447 | 29,252
Carrying amount
At 31 May 2025 | 8,197 | 4,262 | 12,459
At 31 May 2024 | 10,661 | 6,333 | 16,994

The Virtual Tour Experts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 14,192 | 16,032
Prepayments and accrued income | 6,000 | -
Total current trade and other debtors | 20,192 | 16,032

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 12,163 | 7,426
Taxation and social security | 12,145 | 29,691
Other creditors | 8,430 | 7,960
Accrued expenses | 2,000 | -
| 34,738 | 45,077