Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13686784 2023-03-01 2024-02-29 13686784 2021-10-18 2023-02-28 13686784 2024-02-29 13686784 2023-02-28 13686784 c:Director1 2023-03-01 2024-02-29 13686784 c:Director2 2023-03-01 2024-02-29 13686784 d:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 13686784 d:OtherPropertyPlantEquipment 2024-02-29 13686784 d:OtherPropertyPlantEquipment 2023-02-28 13686784 d:CurrentFinancialInstruments 2024-02-29 13686784 d:CurrentFinancialInstruments 2023-02-28 13686784 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13686784 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13686784 d:ShareCapital 2024-02-29 13686784 d:ShareCapital 2023-02-28 13686784 d:SharePremium 2024-02-29 13686784 d:SharePremium 2023-02-28 13686784 d:RetainedEarningsAccumulatedLosses 2024-02-29 13686784 d:RetainedEarningsAccumulatedLosses 2023-02-28 13686784 c:FRS102 2023-03-01 2024-02-29 13686784 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13686784 c:FullAccounts 2023-03-01 2024-02-29 13686784 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13686784 4 2023-03-01 2024-02-29 13686784 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13686784









PIERIAN SPRING DATA SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
PIERIAN SPRING DATA SERVICES LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PIERIAN SPRING DATA SERVICES LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pierian Spring Data Services Ltd for the year ended 29 February 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of Pierian Spring Data Services Ltd, as a body, in accordance with the terms of our engagement letter dated 18 October 2021Our work has been undertaken solely to prepare for your approval the financial statements of Pierian Spring Data Services Ltd and state those matters that we have agreed to state to the Board of Directors of Pierian Spring Data Services Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pierian Spring Data Services Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Pierian Spring Data Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pierian Spring Data Services Ltd. You consider that Pierian Spring Data Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Pierian Spring Data Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Milton Avis LLP
 
Chartered Accountants
  
London
W1U 6TU
9 January 2025
Page 1

 
PIERIAN SPRING DATA SERVICES LTD
REGISTERED NUMBER: 13686784

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
90,000
480,900

  
90,000
480,900

Current assets
  

Debtors: amounts falling due within one year
 5 
-
19,716

Cash at bank and in hand
 6 
424
19,021

  
424
38,737

Creditors: amounts falling due within one year
 7 
(498,509)
(463,512)

Net current liabilities
  
 
 
(498,085)
 
 
(424,775)

Total assets less current liabilities
  
(408,085)
56,125

  

Net (liabilities)/assets
  
(408,085)
56,125


Capital and reserves
  

Called up share capital 
  
255
255

Share premium account
  
199,845
199,845

Profit and loss account
  
(608,185)
(143,975)

  
(408,085)
56,125


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of income and retained earnings 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 on 9 January 2025.

Page 2

 
PIERIAN SPRING DATA SERVICES LTD
REGISTERED NUMBER: 13686784
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024




................................................
Colin Gerstein
................................................
Akbar De Medici
Director
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 3

 
PIERIAN SPRING DATA SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The company is a private company limited by shares and was incorporated on 18 October 2021 and is registered in England and Wales. Its registered office is 10 The Stables, Aldenham, United Kingdom, WD25 8DG.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.3

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 Software
-

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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PIERIAN SPRING DATA SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


3.


Employees

2024
£

Wages and salaries
92,092

92,092


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
2
2

Page 5

 
PIERIAN SPRING DATA SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Computer Software

£



Cost or valuation


At 1 March 2023
480,900


Additions
51,629


Disposals
(442,529)



At 29 February 2024

90,000






Net book value



At 29 February 2024
90,000

The computer software has been sold to Dyad Artificial Intelligence.


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
-
19,716

-
19,716



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
424
19,021

424
19,021


Page 6

 
PIERIAN SPRING DATA SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
4,200
113,200

Other taxation and social security
5,875
-

Group company creditors
487,234
348,312

Accruals and deferred income
1,200
2,000

498,509
463,512



8.


Controlling party

The company is mainly controlled by its parent company, Cavendish Health Group owned by Colin Gerstein and Akbar De Medici.   

 
Page 7