Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityfalse2023-01-010falsetrue 13960137 2023-01-01 2023-12-31 13960137 2022-03-07 2022-12-31 13960137 2023-12-31 13960137 2022-12-31 13960137 2022-03-07 13960137 c:Director1 2023-01-01 2023-12-31 13960137 d:CurrentFinancialInstruments 2023-12-31 13960137 d:CurrentFinancialInstruments 2022-12-31 13960137 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13960137 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13960137 d:ShareCapital 2023-12-31 13960137 d:ShareCapital 2022-12-31 13960137 d:ShareCapital 2022-03-07 13960137 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13960137 d:RetainedEarningsAccumulatedLosses 2023-12-31 13960137 d:RetainedEarningsAccumulatedLosses 2022-12-31 13960137 d:RetainedEarningsAccumulatedLosses 2022-03-07 13960137 c:FRS102 2023-01-01 2023-12-31 13960137 c:Audited 2023-01-01 2023-12-31 13960137 c:FullAccounts 2023-01-01 2023-12-31 13960137 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13960137 d:WithinOneYear 2023-12-31 13960137 d:WithinOneYear 2022-12-31 13960137 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13960137 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13960137









PLANHAT LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PLANHAT LTD
REGISTERED NUMBER:13960137

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
20,382
-

Cash at bank and in hand
  
448,006
100

  
468,388
100

Creditors: amounts falling due within one year
 5 
(462,798)
-

Total assets less current liabilities
  
 
 
5,590
 
 
100

  

Net assets
  
5,590
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,490
-

Shareholder's funds
  
5,590
100


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 14 November 2024.




E C J Holm
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 

PLANHAT LTD
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 March 2022
100
-
100





At 1 January 2023
100
-
100



Comprehensive income for the year


Profit for the year

-
4,150
4,150



Contributions by and distributions to owners


Capital contribution from parent
-
1,340
1,340



At 31 December 2023
100
5,490
5,590



The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PLANHAT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Planhat Ltd is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13960137). The registered office address is 1 Chapel Street, Warwick, CV34 4HL.
The Company's functional and presentational currency is GBP.

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 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:

 
2.2

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Turnover

Turnover comprises recharges made to group entities in respect of all expenses. Operating and overhead costs are recharged at a premium and flow through costs are recharged with zero mark up.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Share-based payments

In accordance with section 1.12 of FRS 102, the Company has taken advantage of the exemption from the disclosure requirements of section 26, "Share Based Payments" paragrahs 26.18(b), 26.19 to 26.21 and 26.23.
The financial statements of the Company are consolidated in the financial statements of its parent entity, Planhat AB, a company registered in Sweden.  The consolidated financial statements are publically available.

Page 3

 
PLANHAT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.7

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022 - Nil).

Page 4

 
PLANHAT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
18,867
-

Prepayments and accrued income
1,515
-

20,382
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,267
-

Amounts owed to group undertakings
392,190
-

Corporation tax
973
-

Other taxation and social security
67,583
-

Accruals and deferred income
785
-

462,798
-



6.


Share-based payments

Certain employees of the Company have been granted share options as part of a stock options scheme in the parent company, Planhat AB. The options are equity-settled and each option can be converted into an ordinary share in Planhat AB upon exercise. The options carry neither the right to a dividend not any right to vote.
Options are exercised at the price specified in the respective option scheme's agreement on the date of grant.  Options can be exercised at any given time from the date of exercise period start to the end date.  The option expires if it has not been exercised during the exercise period. The options in issue during the year have vesting periods of three to four years.
The fair value of options has been derived by a third party valuations expert using a Black Scholes valuation model.

Page 5

 
PLANHAT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
187,018
-

187,018
-


8.


Controlling party

The immediate parent undertaking is Planhat AB, a company registered in Sweden. The registered office address of Planhat AB is Malmskillnadsgatan 13, 111 57 Stockholm, Sweden.
The directors do not consider there to be an ultimate controlling party.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 14 November 2024 by Peter Key (Senior Statutory Auditor) on behalf of CLA Evelyn Partners Limited.

 
Page 6