CHARIS TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Charis Technology Limited is a private company, limited by shares, registered in England and Wales. The registered office is Larchwood House, Orchard Street, Redditch, Worcestershire, B98 7DP.
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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Cash and cash equivalents
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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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The average monthly number of employees, including directors, during the period was 2 (2023 - 3).
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Allotted, called up and fully paid
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2 (2023 - 2) Ordinary shares of £1.00 each
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Ultimate parent undertaking and controlling party
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The company is a wholly owned subsidiary of Hycontrol Limited, a company registered in England and Wales. The ultimate parent undertaking is CETP IV Investment 3 S.A.R.L, registered in Luxemburg.
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