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# VIRTUAL REALITY UNIVERSAL LIMITED

## Company Registration Number:
10841213 (England and Wales)

## Unaudited statutory accounts for the year ended 30 June 2025

## Period of accounts

## Start date: 1 July 2024

## End date: 30 June 2025

# VIRTUAL REALITY UNIVERSAL LIMITED

## Contents of the Financial Statements

for the Period Ended 30 June 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# VIRTUAL REALITY UNIVERSAL LIMITED

Directors' report period ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Principal activities of the company

Principal Activity Relating to the Asset The Company developed a structured multilingual dictionary intended for use within educational and assessment contexts. The asset consists of a curated linguistic dataset designed to support multilingual learners and is based on deterministic linguistic mappings. No proprietary structures, algorithms, or technical implementation details are disclosed in this report due to ongoing intellectual property protection processes.

Company policy on disabled employees

Virtual Reality Universal Limited For the year ended 31 March 2026. The directors recognise their responsibilities under the Equality Act 2010 and are committed to ensuring that disabled employees, and applicants with disabilities, are treated fairly, supported appropriately, and given equal opportunities within the Company. The Company’s policy in relation to disabled employees is as follows, Commitment to Equality and Inclusion The Company is committed to providing a working environment in which disabled employees are valued, respected, and able to contribute fully to the organisation. No employee or applicant will be treated less favourably on the grounds of disability. Recruitment and Selection The Company ensures that recruitment processes are accessible and inclusive. Where a candidate has a disability, reasonable adjustments are made to the recruitment and assessment process to ensure they are not placed at a disadvantage. Training, Development, and Promotion Disabled employees are given equal access to training, career development, and promotion opportunities. The Company ensures that training materials, systems, and environments are accessible, and that adjustments are made where required. Retention and Support Where an existing employee becomes disabled, the Company will make every reasonable effort to retain them in employment. This may include: Adjustments to working hours Modifications to duties Provision of assistive equipment Adaptation of the working environment Redeployment to a suitable alternative role The Company works collaboratively with employees to identify appropriate adjustments. Reasonable Adjustments The Company is committed to making reasonable adjustments to remove or reduce barriers faced by disabled employees. Adjustments are assessed on a case by case basis and may include physical, technological, organisational, or procedural changes. Health, Safety, and Wellbeing The Company ensures that disabled employees are not placed at risk due to their disability. Risk assessments are adapted where necessary, and additional support or equipment is provided to ensure safe working conditions. Monitoring and Continuous Improvement The Company regularly reviews its policies and practices relating to disabled employees to ensure compliance with legislation and alignment with best practice. Feedback from employees is welcomed and used to improve accessibility and inclusion. Statement of Compliance The directors confirm that the Company has complied with its obligations under the Equality Act 2010 and remains committed to supporting disabled employees and applicants throughout the organisation.

Additional information

For the year ended 31 March 2026 Virtual Reality Universal Limited The directors present this report relating specifically to the Company’s Deterministic Multilingual Dictionary Asset, recognised as an intangible asset during the year. Business Review During the year, the Company: Completed the creation of a multilingual dictionary comprising over 5,000 structured linguistic entries Conducted linguistic validation and quality assurance Prepared the asset for integration into future educational products Capitalised the asset at £475,000 following recognised valuation methodologies. Added the asset to the Company’s intangible asset register in accordance with FRS 102 The directors consider the development and capitalisation of this asset to be a significant milestone in the Company’s intellectual property strategy. Future Developments The Company intends to: Expand the dictionary into additional languages Enhance its structure and metadata for international use Pursue licensing opportunities with educational organisations and technology partners Integrate the asset into future commercial offerings The directors believe the asset will contribute materially to the Company’s long term growth. Directors’ Responsibilities Statement The directors confirm that the dictionary asset meets the criteria for recognition under FRS 102 and that appropriate valuation, documentation, and governance procedures were followed. Approval of Report Approved by the Board on 10th April 2026. Blake Hopley Director Virtual Reality Universal Limited

Directors

The director shown below has held office during the whole of the period from
1 July 2024 to 30 June 2025

Blake Graham Thomas Hopley

Secretary Blake Graham Thomas Hopley

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 April 2026

And signed on behalf of the board by:
Name: Blake Graham Thomas Hopley
Status: Secretary

# VIRTUAL REALITY UNIVERSAL LIMITED

## Profit And Loss Account

for the Period Ended 30 June 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 0 | 0
Cost of sales: | 0 | 0
Gross profit(or loss): | 0 | 0
Distribution costs: | 0 | 0
Administrative expenses: | 0 | 0
Other operating income: | 0 | 0
Operating profit(or loss): | 0 | 0
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | 0 | 0
Profit(or loss) before tax: | 0 | 0
Tax: | 0 | 0
Profit(or loss) for the financial year: | 0 | 0

# VIRTUAL REALITY UNIVERSAL LIMITED

## Balance sheet

As at 30 June 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 1 | 1
Fixed assets
Intangible assets: | 3 | 475,000 | 0
Tangible assets: |  | 0 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 475,000 | 0
Current assets
Stocks: |  | 0 | 0
Debtors: |  | 0 | 0
Cash at bank and in hand: |  | 0 | 0
Investments: |  | 0 | 0
Total current assets: |  | 0 | 0
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: |  | 0 | 0
Net current assets (liabilities): |  | 0 | 0
Total assets less current liabilities: |  | 475,001 | 1
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | 0 | 0
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 475,001 | 1
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 0 | 0
Other reserves: |  | 475,000 | 0
Profit and loss account: |  | 0 | 0
Total Shareholders' funds: |  | 475,001 | 1

The notes form part of these financial statements

# VIRTUAL REALITY UNIVERSAL LIMITED

## Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 April 2026
and signed on behalf of the board by:

Name: Blake Graham Thomas Hopley
Status: Director

The notes form part of these financial statements

# VIRTUAL REALITY UNIVERSAL LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Virtual Reality Universal Limited For the year ended 31 March 2026 Turnover Policy The Company recognises turnover in accordance with FRS 102 Section 23 Revenue, applying the principles of performance obligations, reliability of measurement, and transfer of economic benefit. Turnover represents the fair value of consideration receivable for goods and services supplied in the ordinary course of business, excluding value added tax and trade discounts. Revenue is recognised only when it is probable that economic benefits will flow to the Company and the amount can be measured reliably. The Company’s turnover is recognised under the following principles: 1. Sale of Goods (Hardware Products) Revenue from the sale of physical products is recognised when control of the goods passes to the customer, which is typically the point of delivery or dispatch depending on contractual terms. No revenue is recognised until: the goods have been delivered or made available to the customer the customer has accepted the goods (where applicable) the significant risks and rewards of ownership have transferred 2. Licensing Income (Software, Data, IP) Revenue from licensing intellectual property, software, or linguistic datasets is recognised over the period of the licence, unless the licence constitutes a one off transfer of rights, in which case revenue is recognised at the point the customer obtains the right to use the asset. Where minimum guarantees or upfront fees apply, revenue is recognised: on a straightline basis over the licence term, or in line with usage, where usage based royalties apply 3. Service Income (Support, Integration, Training) Revenue from services is recognised as the services are performed, based on the stage of completion at the reporting date. Where services are delivered over time, revenue is recognised proportionally to the work completed. 4. Contract Liabilities (Deferred Income) Where payment is received in advance of performance, the amount is recorded as deferred income and recognised as turnover only when the related goods or services have been delivered. 5. Multiple Element Arrangements Where a contract includes both goods and services (e.g., hardware , support , licensing), the total consideration is allocated to each component based on its relative standalone selling price, and revenue is recognised separately for each element in accordance with the relevant policy above. 6. Measurement of Turnover Turnover is measured at the fair value of consideration received or receivable, net of: VAT trade discounts rebates returns and allowances 7. Judgements and Estimates The directors review revenue recognition judgements annually, including: allocation of revenue across performance obligations timing of transfer of control estimation of usage based royalties assessment of recoverability These judgements are made in accordance with FRS 102 and the Company’s accounting policies.

  Tangible fixed assets depreciation policy

  Tangible Fixed Assets Tangible fixed assets are stated at cost, net of accumulated depreciation and impairment losses. Cost includes all expenditure directly attributable to bringing the asset into working condition for its intended use. Depreciation Depreciation is provided to write off the cost of tangible assets, less their estimated residual value, on a straight line basis over their expected useful economic lives. The following useful lives are applied: Plant and machinery: 3 to 5 years Computer equipment: 3 years Fixtures and fittings: 3 to 5 years Office equipment: 3 to 5 years Depreciation is charged from the date the asset is available for use. Subsequent Expenditure Subsequent expenditure is capitalised only when it enhances the economic benefits of the asset beyond its originally assessed performance. All other expenditure, including repairs and maintenance, is recognised in the profit and loss account as incurred. Disposals Gains or losses on disposal of tangible assets are calculated as the difference between the net disposal proceeds and the carrying amount of the asset. These are recognised in the profit and loss account in the period of disposal. Impairment At each reporting date, the directors assess whether there is any indication that tangible assets may be impaired. If such an indication exists, the recoverable amount of the asset is estimated and an impairment loss is recognised where the carrying amount exceeds the recoverable amount. Capitalisation Threshold The Company capitalises tangible assets with an individual cost of £500 or more. Items below this threshold are expensed to the profit and loss account unless they form part of a larger capital project. Leased Assets Where the Company holds assets under finance leases, the assets are recognised as tangible fixed assets and depreciated over their useful lives. Lease payments are apportioned between finance charges and reduction of the lease liability. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

  Intangible fixed assets amortisation policy

  Virtual Reality Universal Limited For the year ended 31 March 2026 Intangible Assets Intangible assets are recognised when they are: Identifiable; controlled by the Company; expected to generate future economic benefits; and capable of being measured reliably. Intangible assets are initially measured at cost or valuation, and subsequently carried at cost or valuation less accumulated amortisation and impairment losses Amortisation Amortisation is charged to the profit and loss account on a straight line basis over the estimated useful economic life of each intangible asset. The amortisation period and method are reviewed annually by the directors. The following useful lives are applied: Intellectual property assets: 10 years Linguistic datasets and structured dictionaries: 10 years Software and internally developed systems: 3 to 10 years depending on nature and use Amortisation begins when the asset is available for use, not necessarily when it begins generating revenue. Subsequent Expenditure Subsequent expenditure on intangible assets is capitalised only when it enhances the economic benefits of the asset beyond its originally assessed performance. All other expenditure is recognised in the profit and loss account as incurred. Impairment At each reporting date, the directors assess whether there is any indication that an intangible asset may be impaired. If such an indication exists, the recoverable amount of the asset is estimated and an impairment loss is recognised where the carrying amount exceeds the recoverable amount. Impairment losses are recognised in the profit and loss account. Derecognition Intangible assets are derecognised on disposal or when no future economic benefits are expected from their use. Gains or losses on derecognition are recognised in the profit and loss account as the difference between the net disposal proceeds and the carrying amount of the asset. Capitalisation Threshold The Company capitalises intangible assets with an individual cost or valuation of £1,000 or more, unless they form part of a larger identifiable project. Judgements and Estimates The determination of useful lives, amortisation rates, and impairment assessments involves management judgement. These estimates are reviewed annually to ensure they remain appropriate.

  Valuation information and policy

  VALUATION INFORMATION POLICY Virtual Reality Universal Limited For the year ended 31 March 2026 Valuation of Assets The Company holds both tangible and intangible assets which are measured in accordance with the recognition, measurement, and disclosure requirements of FRS 102. The valuation of assets is based on reliable, supportable evidence and reflects management’s best estimates of fair value and useful economic life. Intangible Asset Valuation Intangible assets are recognised at cost or valuation, where valuation is determined using established and supportable methodologies. The Company may use one or more of the following recognised valuation approaches: Cost Approach based on the cost of creating or replacing the asset Market Approach based on comparable market transactions where available Income Approach based on the present value of expected future economic benefits The chosen method depends on the nature of the asset, the availability of market data, and the reliability of projected income streams. Valuations are supported by internal documentation and, where appropriate, external professional input. Frequency of Valuation Review The directors review the carrying value of intangible assets annually or more frequently if events or changes in circumstances indicate that the carrying amount may not be recoverable. Where a valuation has been used to determine the initial carrying amount, the directors assess whether: the valuation remains appropriate, the assumptions used remain reasonable, and any indicators of impairment exist. Impairment Assessment At each reporting date, the Company assesses whether there is any indication that an asset may be impaired. Indicators may include: changes in market conditions technological developments regulatory changes reduced commercial performance obsolescence If such indicators exist, the recoverable amount is estimated and compared with the carrying amount. Any impairment loss is recognised in the profit and loss account. Judgements and Estimates The valuation of intangible assets involves significant judgement, including: Estimating useful economic lives forecasting future cash flows determining discount rates assessing market comparables evaluating technological and commercial viability These judgements are reviewed annually and updated where necessary to ensure they remain reasonable and supportable. Documentation and Governance The Company maintains detailed documentation to support all valuations, including: Valuation methodology assumptions and inputs supporting evidence board approval amortisation schedules impairment assessments All valuations are reviewed and approved by the Board of Directors. Changes in Valuation Policy Any changes to valuation methodology or assumptions are disclosed in the financial statements where they have a material impact on the Company’s financial position or performance.

# VIRTUAL REALITY UNIVERSAL LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# VIRTUAL REALITY UNIVERSAL LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 July 2024 | 0 | 0 | 0
Additions | 0 | 0 | 0
Disposals | 0 | 0 | 0
Revaluations | 0 | 475,000 | 475,000
Transfers | 0 | 0 | 0
At 30 June 2025 | 0 | 475,000 | 475,000
Amortisation |  |  |
At 1 July 2024 | 0 | 0 | 0
Charge for year | 0 | 0 | 0
On disposals | 0 | 0 | 0
Other adjustments | 0 | 0 | 0
At 30 June 2025 | 0 | 0 | 0
Net book value |  |  |
At 30 June 2025 | 0 | 475,000 | 475,000
At 30 June 2024 | 0 | 0 | 0

# VIRTUAL REALITY UNIVERSAL LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 4. Financial Commitments

FINANCIAL COMMITMENTS NOTE Virtual Reality Universal Limited For the year ended 31 March 2026 Financial Commitments At the reporting date, the Company had the following financial commitments that are not recognised as liabilities in the statement of financial position: 1. Operating Lease Commitments The Company had no operating lease commitments at the reporting date. 2. Capital Commitments No other capital commitments existed at the reporting date. 3. Research and Development Commitments The Company had no contracted R and D commitments at the reporting date. 4. Licensing and Intellectual Property Commitments The Company had no outstanding IP related commitments at the reporting date. 5. Other Financial Commitments The Company may enter into agreements for services, consultancy, or technology procurement as part of its operational activities. At the reporting date, the Company had outstanding commitments of: The Company had no other financial commitments at the reporting date.