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Company No: 13960137 (England and Wales)

PLANHAT LTD

Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PLANHAT LTD

Financial Statements

For the financial year ended 31 December 2024

Contents

PLANHAT LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
PLANHAT LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR E C J Holm
C M P Regester (Resigned 11 June 2025)
SECRETARY Goodwille Limited
REGISTERED OFFICE 1 Chapel Street
Warwick
CV34 4HL
United Kingdom
COMPANY NUMBER 13960137 (England and Wales)
AUDITOR S&W Partners Audit Limited
Chartered Accountants
Statutory Auditor
Onslow House
Onslow Street
Guildford
GU1 4TL
United Kingdom
PLANHAT LTD

BALANCE SHEET

As at 31 December 2024
PLANHAT LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors
- due within one year 4 87,026 20,382
- due after more than one year 4 95,174 0
Cash at bank and in hand 318,838 448,006
501,038 468,388
Creditors: amounts falling due within one year 5 ( 464,067) ( 462,798)
Net current assets 36,971 5,590
Total assets less current liabilities 36,971 5,590
Net assets 36,971 5,590
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,871 5,490
Total shareholder's funds 36,971 5,590

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Planhat Ltd (registered number: 13960137) were approved and authorised for issue by the Director on 03 July 2025. They were signed on its behalf by:

E C J Holm
Director
PLANHAT LTD

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 31 December 2024
PLANHAT LTD

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 31 December 2024
Called-up share capital Profit and loss account Total
£ £ £
At 01 January 2023 100 0 100
Profit for the financial year 0 4,150 4,150
Total comprehensive income 0 4,150 4,150
Capital contribution from parent 0 1,340 1,340
At 31 December 2023 100 5,490 5,590
At 01 January 2024 100 5,490 5,590
Profit for the financial year 0 27,457 27,457
Total comprehensive income 0 27,457 27,457
Capital contribution from parent 0 3,924 3,924
At 31 December 2024 100 36,871 36,971
PLANHAT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PLANHAT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Planhat Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Chapel Street, Warwick, CV34 4HL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Planhat Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The parent company has provided a letter to the Company confirming its intention to provide ongoing support and funding as and when required.

In addition to this, the directors have reviewed the future prospects of the parent company and its future cash flows. Having assessed this the directors have a reasonable expectation that the parent company and group have adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from signing these financial statements. Therefore the directors' view is that the Company is a going concern and that these accounts are therefore correctly prepared on the going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover comprises recharges made to group entities in respect of all expenses. Turnover is charged to the parent in accordance with their transfer pricing policy to generate an agreed operating margin.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Share-based payment

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" paragraphs 26.18(b), 26.19 to 26.21 and 26.23.

The cost of the share-based payments are treated as an expense in the profit or loss with a corresponding credit to the statement of equity as the equity award to UK staff represents a capital contribution from the parent entity.

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 publicly available.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 25 20

3. Share-based payments

Equity-settled share-based payment schemes

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.

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Prepayments 64,431 1,515
Other debtors 22,595 18,867
87,026 20,382
Debtors: amounts falling due after more than one year
Other debtors 95,174 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 91,951 1,267
Amounts owed to Group undertakings 177,453 392,190
Accruals 72,832 785
Taxation and social security 103,875 60,925
Other creditors 17,956 7,631
464,067 462,798

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 185,968 187,018
between one and five years 297,549 0
483,517 187,018

7. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Peter Key on 03/07/2025 on behalf of S&W Partners Audit Limited, Chartered Accountants.

8. Ultimate 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.