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Virtualversity Limited
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Notes to the financial statements
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for the period ended 31 August 2026
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1
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Company information
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Virtualversity Limited is a private company registered in England and Wales. Its registered number is 14087961. The company is limited by shares. Its registered office is Uncommon Holborn, High Holborn, London, WC1V 6DF.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. Post balance sheet, the company will be wound down in an orderly manner and struck off the register.
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Intangible assets
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Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Software development
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-
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20% straight line
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3
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Average number of employees
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During the period the average number of employees was 3 (2025 - 3).
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4
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Intangible assets
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Other intangible assets
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£
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Cost
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At 1 October 2025
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40,034
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Disposals
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(40,034)
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At 31 August 2026
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-
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Amortisation
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At 31 August 2026
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-
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3
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