CANDELA VR CIC

Company limited by guarantee

Company Registration Number:
15302177 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2025

Period of accounts

Start date: 1 December 2024

End date: 30 November 2025

CANDELA VR CIC

Contents of the Financial Statements

for the Period Ended 30 November 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CANDELA VR CIC

Profit And Loss Account

for the Period Ended 30 November 2025

2025 2024


£
£
Turnover: 20 225
Gross profit(or loss): 20 225
Administrative expenses: ( 413 ) ( 254 )
Operating profit(or loss): (393) (29)
Profit(or loss) before tax: (393) (29)
Profit(or loss) for the financial year: (393) (29)

CANDELA VR CIC

Balance sheet

As at 30 November 2025

Notes 2025 2024


£
£
Current assets
Cash at bank and in hand: 43 225
Total current assets: 43 225
Creditors: amounts falling due within one year: 3 ( 465 ) ( 254 )
Net current assets (liabilities): (422) (29)
Total assets less current liabilities: (422) ( 29)
Total net assets (liabilities): (422) (29)
Members' funds
Profit and loss account: (422) ( 29)
Total members' funds: ( 422) (29)

The notes form part of these financial statements

CANDELA VR CIC

Balance sheet statements

For the year ending 30 November 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 22 April 2026
and signed on behalf of the board by:

Name: Semhar RUSSOM
Status: Director

The notes form part of these financial statements

CANDELA VR CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

CANDELA VR CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

CANDELA VR CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 465 254
Total 465 254

COMMUNITY INTEREST ANNUAL REPORT

CANDELA VR CIC

Company Number: 15302177 (England and Wales)

Year Ending: 30 November 2025

Company activities and impact

In this financial year, Candela VR CIC attended an outreach event held by the University of Warwick, engaging directly with school-age pupils and their parents from the West Midlands community. At the event, the team promoted physics and STEM as accessible and rewarding study and career pathways, and gave attendees the opportunity to speak with current and recent Physics undergraduates about routes into the subject. Alongside this, the company focused on consolidating and reviewing feedback gathered from students, teachers, volunteers, and event attendees from prior and current engagements. This feedback was used to inform improvements to the VR product and session materials. Investing in product development during this period directly supports the company’s community interest objectives by strengthening the quality of the resources that will be delivered free of charge to schools.

Consultation with stakeholders

Candela VR CIC’s stakeholders include school pupils, teachers, parents, university partners, and the company’s volunteer team. During the financial year, feedback was gathered from attendees at the University of Warwick event in which the company participated, and previously collected feedback from school sessions and volunteers was further reviewed. This input has been used to shape ongoing improvements to the VR product and session structure.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Semhar RUSSOM
Status: Director