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GFHP PLANNING UK HOLDCO LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
GFHP Planning UK Holdco Limited is a private company limited by shares, incorporated in England and Wales. The registered office is Duo, Level 6, 280 Bishopsgate, London, United Kingdom, EC2M 4RB.
The principal activity of the company was that of a holding company.
The company was incorporated on 14 September 2023 and commenced trading on the same day.
The company's functional and presentational currency is £ Sterling.
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.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The directors of the company have prepared the financial statements on a going concern basis, which assumes the company will be able to meet its future obligations as they fall due, and the company will settle all payments within the agreed terms. The directors have assessed the company’s net lability position and believe that as the company’s debtor and creditor balances relate to group companies, the company will not be required to repay these until such a time as it is able. Accordingly, the directors believe that it is appropriate to that these financial statements are prepared on a going concern basis.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Investments in subsidiaries are measured at cost less accumulated impairment.
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