IMMERSIVE LABS LTD

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The business continues to trade satisfactorily with no significant adverse cash flow impact. The business has a good level of cash reserves and access to additional financing from the group if required. The parent company remains in a position to support the company as required, with year ending cash reserves of £24,707k and has committed to continuing to support the company as needed. The directors will continue to review the business position and react accordingly. Having taken these steps, the directors believe that the business has sufficient prospects of trade and sufficient financial resources to continue to trade for a period of not less than twelve months from the date of approval of these financial statements. The directors have therefore continued to adopt the going concern basis in drawing up these financial statements.”

Significant events

• “During April 2025, the group's board approved a series of transactions which see the company reduce its intercompany balance with its parent, Immersive Labs Holdings Limited. As part of these transactions, all of the company's Series A Voting shares would be redesignated into Ordinary Shares.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.