NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ITHR Online Limited (the “Company”) is a private company limited by shares and incorporated and domiciled in England and Wales. Its registered office is 48 Warwick Street, London, England, W1B 5NL.
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 Company ceased trading in the year ended 31 March 2019 and did not trade during the year and as such these Financial Statements have been prepared on a basis other than going concern. Carrying values have been reviewed and where appropriate, provisions have been made against assets to net realisable value. Whilst the business has ceased to trade, it is the Director’s intention not to officially terminate the business of the company and will revisit the business opportunities at a later date. As such, the Financial Statements do not include a provision for future costs of terminating the business except to the extent that such costs were committed at the reporting date date.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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The average monthly number of employees, including directors, during the year was 0 (2022 - 0).
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