VIRTUAL CLASS LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -40.6%

  £874,804 → £519,903

• Net assets

  -79.7%

  -£627,900 → -£1,128,396

• Employees

  -35.6%

  118 → 76

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which assumes that the group will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these statements, and will be able to meet its debts as they fall due.”

Group structure

1. VIRTUAL CLASS LTD · parent
   1. Third Space Global (Pvt) Ltd 100% · Sri Lanka · Design, development and provision of online tutorial services
   2. Third Space Learning, Inc 100% · USA · Sale and distribution online math tutoring

Significant events

• “On 10 October 2024, the company completed an investment round raising £820,350 through the issue of 77,906 E shares of £0.01 each at £10.53 per share.”
• “On 10 October 2024, as part of the investment round, 80,172 E shares of £0.01 each were issued at £7.90 per share on conversion of the convertible loan note issued in 2024.”
• “In May 2025, the company issued £500,000 (nominal value) of unsecured convertible loan notes.”
• “Between 11 and 19 June 2025, a total of £3,329 was raised from the issue of 25,610 G3 shares of £0.01 each at £0.13 per share under the Growth Share Incentive Scheme.”
• “On 22 September 2025 the company issued the final £200,000 (nominal value) of unsecured convertible loan notes committed to on 29 May 2025.”
• “On 19 December 2025 the company issued a further £400,000 (nominal value) of unsecured convertible loan notes to existing shareholders to provide the company with additional working capital until completion of the investment round in March 2026.”
• “On 31 March 2026 the company raised £2,889,500, before expenses, through the issue of 363,939 F1 shares of £0.01 per share for cash to new and existing shareholders.”

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

Filings

20

last 12 months

Capital events

11

last 24 months

Officers appointed

2

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.