ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 13686784

PIERIAN SPRING DATA SERVICES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

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 28 FEBRUARY 2025

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 28 February 2025 which comprise the Balance Sheet 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 Scotland, we 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 2021. Our 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 result 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

6 January 2026

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PIERIAN SPRING DATA SERVICES LTD

REGISTERED NUMBER: 13686784

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible assets	3		90,000		90,000
			90,000		90,000
Current assets
Cash at bank and in hand	4	424		424
		424		424
Creditors: amounts falling due within one year	5	(498,509)		(498,509)
Net current liabilities			(498,085)		(498,085)
Total assets less current liabilities			(408,085)		(408,085)

Net liabilities			(408,085)		(408,085)

Capital and reserves
Called up share capital	255	255
Share premium account	199,845	199,845
Profit and loss account	(608,185)	(608,185)
	(408,085)	(408,085)

For the year ended 28 February 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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 6 January 2026.

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PIERIAN SPRING DATA SERVICES LTD

REGISTERED NUMBER: 13686784

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

................................................

Colin Gerstein

Director

The notes on pages 4 to 6 form part of these financial statements.

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PIERIAN SPRING DATA SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

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.

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

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.

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PIERIAN SPRING DATA SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.5

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.	Tangible fixed assets

		Computer Software
		£
	Cost or valuation
	At 1 March 2024	90,000
	At 28 February 2025	90,000

	Net book value
	At 28 February 2025	90,000

The computer software has been sold to Dyad Artificial Intelligence.

Cash at bank and in hand	424	424
	424	424

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PIERIAN SPRING DATA SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Trade creditors	4,200	4,200
Other taxation and social security	5,875	5,875
Group company creditors	487,234	487,234
Accruals and deferred income	1,200	1,200
	498,509	498,509

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