DTL DATA SCIENCE GP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
DTL Data Science GP Limited is a private limited company incorporated in England and Wales. The registered office is Botanic House, 100 Hills Road, Cambridge, CB2 1PH.
The ultimate parent undertaking is Accelerator Advisory Limited, a private limited company incorporated in England and Wales.
The Company's functional and presentational currency is GBP.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At 31 March 2024 the Company's total liabilities exceeded its total assets by £610,427 (31 August 2023 - £477,611). The directors are confident that funds will be advanced to the Company from Deeptech Labs Fund 1 LP as required to ensure the Company has sufficient resources to meet its liabilities as they fall due, and that the Company will make good this deficit by future gains. On the basis of their review the directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing these financial statements. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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