ACCOUNTS - Final Accounts

Registered number: 12513619

IMMERSIVE PUBLISHING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

IMMERSIVE PUBLISHING LIMITED

REGISTERED NUMBER: 12513619

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

CURRENT ASSETS
Debtors: amounts falling due within one year	5	92		92
Cash at bank and in hand		942		2,028
		1,034		2,120
Creditors: amounts falling due within one year	6	(43,465)		(28,655)
NET CURRENT LIABILITIES			(42,431)		(26,535)
NET LIABILITIES			(42,431)		(26,535)

CAPITAL AND RESERVES
Called up share capital	7	100	100
Share premium account		49,985	49,985
Profit and loss account		(92,516)	(76,620)
		(42,431)	(26,535)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

V L Cooper

Director

Date: 13 September 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1

IMMERSIVE PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	GENERAL INFORMATION

Immersive Publishing Limited (the 'Company') is a private company limited by shares and incorporated in England and Wales. Its registered office is 12 Cook Close, Cambridge, CB4 1PH.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The financial statements have been prepared on a going concern basis. The Company incurred a loss during the year ended 31 March 2026 and, at that date, had net liabilities of £42,431. The Company has continued to be supported by its shareholders through the provision of loan funding to meet its working capital requirements. The shareholders have confirmed their intention to continue to provide financial support to the Company for a period of at least twelve months from the date of approval of these financial statements.

The directors have prepared forecasts and cash flow projections and, having considered the Company's expected future trading performance together with the continued availability of shareholder funding, have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of augmented reality product sales, exclusive of Value Added Tax. Revenue is measured as the fair value of the consideration received or receivable and is recognised based on invoice date.

2.4

RESEARCH AND DEVELOPMENT

Research and development costs are written off to the profit and loss account as incurred.

Page 2

IMMERSIVE PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The Company has no employees other than the directors (2025 - NIL).

Page 3

IMMERSIVE PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	TANGIBLE FIXED ASSETS

		Computer equipment
		£
	COST
	At 1 April 2025	1,520
	At 31 March 2026	1,520
	DEPRECIATION
	At 1 April 2025	1,520
	At 31 March 2026	1,520
	NET BOOK VALUE
	At 31 March 2026	-
	At 31 March 2025	-

DEBTORS

					2026	2025
					£	£

Other debtors	7	7
Unpaid share capital	85	85
	92	92

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2026	2025
		£	£

Other creditors	41,840	27,155
Accruals and deferred income	1,625	1,500
	43,465	28,655

Other creditors comprise a loan owed to a director totalling £41,840 (2025 - £27,155). This loan is unsecured, interest free and repayable on demand.

Page 4

IMMERSIVE PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	SHARE CAPITAL
		2026	2025
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

15 (2025 - 15) Ordinary shares of £1 each	15	15

ALLOTTED, CALLED UP AND UNPAID

65 (2025 - 65) Ordinary shares of £1 each	65	65
20 (2025 - 20) Non-Voting shares of £1 each	20	20

	85	85

Ordinary shares are entitled to full rights in respect of voting, dividends and the return of capital.

Non-Voting shares do not carry voting rights but are entitled to full rights in respect of dividends and the return of capital.

Page 5