NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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
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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 following principal accounting policies have been applied:
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.
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.
Interest income is recognised in profit or loss using the effective interest method.
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.
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