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Registered number: 05653761 360Viewmax Limited Unaudited Financial statements For the year ended 31 December 2024
360Viewmax Limited Company Information
Directors | P A Stanley
| J Harding
Company secretary | K Horsley
Registered number | 05653761
Registered office | Bourne House
| 475 Godstone Road
| Whyteleafe
| Surrey
| CR3 0BL
Accountants | Kreston Reeves LLP
| 9 Donnington Park
| 85 Birdham Road
| Chichester
| West Sussex
| PO20 7AJ
360Viewmax Limited Contents
| Page
Directors' report | 1 - 2
Statement of comprehensive income | 3
Statement of financial position | 4 - 5
Statement of changes in equity | 6
Statement of cash flows | 7
Notes to the financial statements | 8 - 15
Accountants report | 16
360Viewmax Limited Directors' report For the year ended 31 December 2024 The directors present their report and the financial statements for the year ended 31 December 2024.
Directors' responsibilities statement
The directors are responsible for preparing the Directors' report and the financial statements, in accordance with applicable law. Company law requires the directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the UK. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing the financial statements, the directors are required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgments and estimates that are reasonable and prudent; ∙state whether they have been prepared in accordance with IFRS as adopted by the UK, subject to any material departures disclosed and explained in the financial statements; ∙assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and ∙use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.
Principal activity
The principal activity of the Company is the provision of 360 degree digital interactive panoramic imaging services.
Director
The director who served during the year was:
P A Stanley
Since the year end, J Harding was appointed as a Director on 22 December 2025 and H Scott-Martin was appointed as a Director on 8 November 2025 and resigned on 22 December 2025. Page 1
360Viewmax Limited Directors' report (continued) For the year ended 31 December 2024
Small companies' exemption note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
................................................ P A Stanley Director
Date: 5 May 2026
Page 2
360Viewmax Limited Statement of comprehensive income For the year ended 31 December 2024
|  |  |  | 2024 | 2023
|  |  | Note | £ | £
Revenue | 6 | - | 5,500
Gross profit |  | - | 5,500
Administrative expenses |  | (29,850) | (26,179)
Exceptional item: Loan provision |  | (1,210,112) | -
Loss from operations |  | (1,239,962) | (20,679)
Finance income | 8 | 30,016 | 30,125
Finance expense | 8 | (11,314) | (15,821)
Loss before tax |  | (1,221,260) | (6,375)
Tax expense | 9 | - | -
Loss for the year |  | (1,221,260) | (6,375)
The notes on pages 8 to 15 form part of these financial statements.
Page 3
360Viewmax Limited Registered number: 05653761 Statement of financial position As at 31 December 2024
|  | As restated
| 2024 | 2023
Note | £ | £
Assets |  |
Non-current assets |  |  |
Property, plant and equipment | 10 | - | -
Current assets |  |  |
Trade and other receivables | 11 | 2,938 | 1,217,530
Cash and cash equivalents |  | 628 | 1,339
|  | 3,566 | 1,218,869
Total assets |  | 3,566 | 1,218,869
Liabilities |  |
Current liabilities |  |  |
Trade and other liabilities | 12 | 243,058 | 237,101
|  | 243,058 | 237,101
Total liabilities |  | 243,058 | 237,101
Net (liabilities)/assets |  | (239,492) | 981,768
Page 4
360Viewmax Limited Registered number: 05653761 Statement of financial position (continued) As at 31 December 2024
|  | As restated
| 2024 | 2023
Note | £ | £
Issued capital and reserves |  |  |
Share capital | 14 | 21,000 | 21,000
Share premium reserve |  | 4,000 | 4,000
Retained earnings |  | (264,492) | 956,768
Total equity |  | (239,492) | 981,768
For the year ending 31 December 2024 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 for the year in question in accordance with section 476 of the Companies Act 2006. 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. The Company's financial statements have been prepared in accordance with the provisions applicable to the companies subject to the small companies regime. The financial statements on pages 3 to 15 were approved and authorised for issue by the board of directors and were signed on its behalf by:
................................................ P A Stanley
Director
Date: 5 May 2026
The notes on pages 8 to 15 form part of these financial statements. Page 5
360Viewmax Limited Statement of changes in equity For the year ended 31 December 2024
| Share capital | Share premium | Retained earnings (restated) | Total equity (restated)
| £ | £ | £ | £
At 1 January 2023 (as previously stated) | 21,000 | 4,000 | (560,322) | (535,322)
Prior year adjustment | - | - | 1,523,465 | 1,523,465
At 1 January 2023 (as restated) | 21,000 | 4,000 | 963,143 | 988,143
Comprehensive income for the year |  |  |  |
Loss for the year | - | - | (6,375) | (6,375)
Total comprehensive income for the year | - | - | (6,375) | (6,375)
At 31 December 2023 (as restated) | 21,000 | 4,000 | 956,768 | 981,768
At 1 January 2024 (as restated) | 21,000 | 4,000 | 956,768 | 981,768
Comprehensive income for the year |  |  |  |
Loss for the year | - | - | (1,221,260) | (1,221,260)
Total comprehensive income for the year | - | - | (1,221,260) | (1,221,260)
At 31 December 2024 | 21,000 | 4,000 | (264,492) | (239,492)
The notes on pages 8 to 15 form part of these financial statements.
Page 6
360Viewmax Limited Statement of cash flows For the year ended 31 December 2024
|  |  |  | 2024 | 2023
|  |  | Note | £ | £
Cash flows from operating activities |  |  |
Loss for the year |  | (1,221,260) | (6,375)
Adjustments for |  |  |
Loans provided for |  | 1,210,112 | -
Finance income | 8 | (30,016) | (30,125)
Finance expense | 8 | 11,314 | 15,821
|  | (29,850) | (20,679)
Movements in working capital: |  |  |
Decrease/(increase) in trade and other receivables |  | 39,580 | (14,533)
Increase in trade and other payables |  | 5,957 | 12,457
Cash generated from operations |  | 15,687 | (22,755)
Net cash from/(used in) operating activities |  | 15,687 | (22,755)
Interest received |  | - | 30,125
Net cash from investing activities |  | - | 30,125
Cash flows from financing activities |  |  |
Proceeds from/(repayments of) loans |  | (5,084) | 7,954
Interest paid |  | (11,314) | (15,821)
Net cash used in financing activities |  | (16,398) | (7,867)
Net decrease in cash and cash equivalents |  | (711) | (497)
Cash and cash equivalents at the beginning of year |  | 1,339 | 1,836
Cash and cash equivalents at the end of the year |  | 628 | 1,339
The notes on pages 8 to 15 form part of these financial statements. Page 7
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
1. | Reporting entity
360Viewmax Limited (the 'Company') is a limited company incorporated in England and Wales. The Company's registered office is at Bourne House, 475 Godstone Road, Whyteleafe, Surrey, CR3 0BL. The Company's principal activity is the provision of 360 degree digital interactive panoramic imaging services.
2. | Basis of preparation
The financial statements have been prepared in accordance with International Financial Reporting Standards, International Accounting Standards and Interpretations as adopted by the UK (collectively IFRSs) and the Companies Act 2006 applicable to companies reporting under IFRS. They have been presented in accordance with IAS1 - Presentation of Financial Statements. Details of the Company's accounting policies, including changes during the year, are included in note 2.2 and 3. In preparing these financial statements, management has made judgments, estimates and assumptions that affect the application of the Company accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.
| 2.1 Basis of measurement
The financial statements have been prepared on the historical cost basis except for the following items, which are measured on an alternative basis on each reporting date.
| 2.2 Changes in accounting policies i) New standards, interpretations and amendments effective from 1 January 2024
During the financial year, there were no IFRSs or IFRIC interpretations that were effective for the first time that would be expected to have a material impact on the company. The following pronouncements have been adopted in the year and either had no impact on the financial statements or resulted in changes to the presentation and disclosure only: - Classification of Liabilities as Current or Non-current - Disclosure of accounting policies (Amendment to IAS 1 and IFRS Practice Statement 2); effective 1 January 2024 - Lease Liability in a Sale and Leaseback (Amendments to IFRS 16); effective 1 January 2024 - Non-current Liabilities with Covenants (Amendments to IAS 1); effective 1 January 2024 - Supplier finance arrangements (Amendments to IAS 7 and IFRS 7); effective 1 January 2024 Page 8
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024 2.Basis of preparation (continued)
| ii) | New standards, interpretations and amendments not yet effective
The following new standards, interpretations and amendments, which are not yet effective and have not been adopted early in these financial statements, are not expected to have a material impact on the Company's future financial statements: - Lack of Exchangeability (Amendments to IAS 21); effective 1 January 2025 - IFRS 9 & IFRS 7 Classification & Measurement Amendments; effective 1 January 2026 - IFRS 18 Presentation and Disclosure in Financial Statements; effective 1 January 2027 - IFRS 19 Subsidiaries without Public Accountability; effective January 2027 The directors anticipate that all new standards, interpretations and amendments will be adopted for the first period beginning on or after the effective date. 3.Accounting policies
| 3.1 | Going concern
The financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependent upon the support of one of its directors. If this assumption proves to be inappropriate, adjustments may have to be made to adjust the value of assets to their recoverable amounts and to provide for any further liabilities which might arise.
| 3.2 | Revenue
Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a customer. The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Company does not adjust any of the transaction prices for the time value of money.
| 3.3 | Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a separate entity and the Company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. For defined contribution plans, contributions are paid into publicly or privately administered pension insurance plans on a mandatory or contractual basis. The contributions are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for the service, the excess is recognised as an asset. Page 9
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024 3.Accounting policies (continued)
| 3.4 | Property, plant and equipment
Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment. Any gain or loss on disposal of an item of property, plant and equipment is recognised in profit or loss. Subsequent expenditure is capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company. Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is provided at the following rates:
|  | Plant and machinery | 33% | straight line
|  | Office equipment | 33% | straight line and 25% straight line
| 3.5 | Trade receivables
Trade receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not, they are presented as non-current assets. Trade receivables 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 receivables 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.
| 3.6 | Trade payables
Trade payables 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 payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
| 3.7 | Financial instruments
Financial assets and financial liabilities are recognised when an entity becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.
4. | Functional and presentation currency
These financial statements are presented in pound sterling, which is the Company's functional currency. All amounts have been rounded to the nearest pound, unless otherwise indicated. Page 10
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
5. | Prior year adjustment
During the year, the company identified that it had included a creditor balance which had been fully settled by a payment having been made by a related company that had not been reflected in the financial statements. The impact of the prior year adjustment is to increase the retained earnings brought forward as at 1 January 2023 by £1,523,465 and reduce creditors by the same value. As a result of this, net assets as at 31 December 2023 have increased by £1,523,465. The financial statements have been restated retrospectively.
6. | Revenue
| The following is an analysis of the Company's revenue for the year from continuing operations:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Fees receivable | - | 5,500
|  | - | 5,500
| Timing of revenue recognition:
|  |  |  | 2024 | 2023
|  |  |  | £ | £
| Goods and services transferred at a point in time | - | 5,500
|  | - | 5,500
7. | Employee benefit expenses
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Employee benefit expenses (including directors) comprise: |  |
| Wages and salaries | 16,500 | 14,000
| National insurance | 1,740 | 1,414
| Defined contribution pension cost | 1,320 | 1,145
|  | 19,560 | 16,559
| The monthly average number of persons, including the director, employed by the Company during the year was 1 (2023: 1). The employee costs arise from a recharge from a related company.
Page 11
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
8. | Finance income and expense
| Recognised in profit or loss
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
Finance income |  |
| Other interest receivable | 30,016 | 30,125
| Total finance income | 30,016 | 30,125
| Finance expense |  |
| Other loan interest payable | 11,314 | 15,821
| Total finance expense | 11,314 | 15,821
| Net finance income recognised in profit or loss | 18,702 | 14,304
9. | Tax expense
| 9.1 Income tax recognised in profit or loss
| The reasons for the difference between the actual tax charge for the year and the standard rate of corporation tax in the United Kingdom applied to losses for the year are as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Loss for the year | (1,221,260) | (6,375)
| Loss before income taxes | (1,221,260) | (6,375)
| Tax using the Company's domestic tax rate of 25% (2023: 23.5%) | (305,315) | 379,273
| Amounts not deductible for tax purposes | 305,315 | (379,273)
| Total tax expense | - | -
Changes in tax rates and factors affecting the future tax charges At the reporting date, deferred tax assets of £59,862 (2023: £59,862) have not been provided for in respect of tax losses being carried forward of £237,928 (2023: £237,928) Page 12
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
10. | Property, plant and equipment
|  | Plant and machinery | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2023 | 216,538 | 3,708 | 220,246
| At 31 December 2023 | 216,538 | 3,708 | 220,246
| Disposals | (6,500) | - | (6,500)
| At 31 December 2024 | 210,038 | 3,708 | 213,746
|  | Plant and machinery | Office equipment | Total
|  | £ | £ | £
| Accumulated depreciation and impairment |  |  |
| At 1 January 2023 | 216,538 | 3,708 | 220,246
| At 31 December 2023 | 216,538 | 3,708 | 220,246
| Disposals | (6,500) | - | (6,500)
| At 31 December 2024 | 210,038 | 3,708 | 213,746
| Net book value |  |  |
| At 1 January 2023 | - | - | -
| At 31 December 2023 | - | - | -
| At 31 December 2024 | - | - | -
11. | Trade and other receivables
|  | 2024 | 2023
|  | £ | £
| Current |  |
| Amounts due from entities under common control | - | 1,211,018
| Total financial assets other than cash and cash equivalents classified as loans and receivables | - | 1,211,018
| Prepayments and accrued income | 1,738 | 1,892
| Other receivables | 1,200 | 4,620
| Total current trade and other receivables | 2,938 | 1,217,530
Page 13
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
12. | Trade and other payables
|  | 2024 | As restated 2023
|  | £ | £
| Trade payables | 1,616 | 19,401
| Amounts due to related entities | 2,870 | 7,954
| Other payables | 235,572 | 206,441
| Accruals | 3,000 | 3,305
| Total current trade and other payables | 243,058 | 237,101
13. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,320 (2023 - £1,145). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the year end date.
14. | Share capital
| Authorised and issued |
|  | 2024 | 2024 | 2023 | 2023
|  | Number | £ | Number | £
| Shares treated as equity |  |  |  |
| Ordinary shares of £1 each | 21,000 | 21,000 | 21,000 | 21,000
|  | 21,000 | 21,000 | 21,000 | 21,000
Page 14
360Viewmax Limited Notes to the financial statements For the year ended 31 December 2024
15. | Related party transactions
Details of transactions between the Company and its related parties are disclosed below.
| 15.1 Other related party transactions
| Other related party transactions are as follows:
| Related party relationship | Type of transaction |  | Balance due/(owed)
|  |  |  | 2024 | 2023
|  |  |  | £ | £
| Companies under common control | Loans |  | - | 1,211,018
| Companies in which the controlling party has significant influence | Loan |  | (2,870) | (7,954)
| The balance due from companies under common control has been fully provided for at the year end on the basis that it has been waived post year end.
16. | Controlling party
The ultimate controlling party is P A Stanley.
Page 15