Registration number: SC066475

Pilgrim Systems Limited

Contents

Page(s)

Directors' Report	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Pilgrim Systems Limited

Directors' Report for the Year Ended 31 December 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the Company

The Directors, who held office during the year, were as follows:

K. Major

W.D. Rowell

Approved by the Board on 16 September 2025 and signed on its behalf by:
 

......................................... W.D. Rowell Director

Pilgrim Systems Limited

(Registration number: SC066475)
Balance Sheet as at 31 December 2024

	Note	2024 US$	2023 US$
Current assets
Debtors : amounts falling due within one year	3	2,979,497,316	2,979,497,316
Net current assets		2,979,497,316	2,979,497,316
Net assets		2,979,497,316	2,979,497,316
Capital and reserves
Called up share capital	4	2,979,506,786	2,979,506,786
Profit and loss account		(9,470)	(9,470)
Total shareholders' funds		2,979,497,316	2,979,497,316

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:

.........................................
W.D. Rowell
Director

Pilgrim Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private Company limited by share capital, incorporated in United Kingdom and domiciled in Scotland.

The address of its registered office is:
83 Princes Street
Edinburgh
Lothian Region
EH2 2ER
Scotland

2	Accounting policies

Basis of preparation

These financial statements are prepared in accordance with the Financial Reporting Standard 101, ‘Reduced Disclosure Framework’ (FRS 101) and the Companies Act 2006.

In preparing these financial statements, the Company applies the recognition, measurement and disclosure requirements of International Financial Reporting Standards as adopted by the UK (UK-adopted international accounting standards), but makes amendments where necessary in order to comply with the Companies Act 2006 and to take advantage of FRS 101 disclosure exemptions.

Trading Status
The Company has not traded during the year or the previous year, has incurred no liabilities and consequently,has made neither profit or loss. None of the Directors received any emoluments in respect of their services to the Company.
 

3	Debtors : amount falling due within one year

	2024 US$	2023 US$
Amount owed by fellow group undertakings	2,979,497,316	2,979,497,316

Amounts owed by fellow undertaking are unsecured, non-interest bearing and repayable on demand.

Pilgrim Systems Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

4	Called up share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	US$	No.	US$
Ordinary Shares of £0.10 each US$0.13 (2023 - US$0.13) each	23,027,999,083	2,979,506,786	23,027,999,083	2,979,506,786

All allotted share capital and called up share capital have been paid.

5	Parent and ultimate parent undertaking

The Company's immediate parent is Rufeta Unlimited, incorporated in Jersey

The ultimate parent is Thomson Investments Limited, incorporated in Canada.

The most senior parent entity producing publicly available financial statements is Thomson Reuters Corporation. These financial statements are available upon request from Five Canada Square, Canary Wharf, London, E14 5AQ, and are publicly available at www.thomsonreuters.com.

The parent of the largest group in which these financial statements are consolidated is Thomson Reuters Corporation, incorporated in Canada.