Company No:
Contents
| 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 |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 4 |
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| - due after more than one year | 4 |
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| Cash at bank and in hand |
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| 501,038 | 468,388 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 36,971 | 5,590 | ||
| Total assets less current liabilities | 36,971 | 5,590 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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The financial statements of Planhat Ltd (registered number:
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E C J Holm
Director |
| Called-up share capital | Profit and loss account | Total | |||
| £ | £ | £ | |||
| At 01 January 2023 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Capital contribution from parent |
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| At 31 December 2023 |
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| At 01 January 2024 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Capital contribution from parent |
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| At 31 December 2024 |
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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.
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.
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.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.
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.
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 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.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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Equity-settled share-based payment schemes
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.
| 2024 | 2023 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Prepayments |
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| Other debtors |
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| Debtors: amounts falling due after more than one year | |||
| Other debtors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Accruals |
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| Taxation and social security |
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| Other creditors |
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 2024 | 2023 | ||
| £ | £ | ||
| within one year |
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| between one and five years |
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The audit report was signed by Peter Key on 03/07/2025 on behalf of S&W Partners Audit Limited, Chartered Accountants.
The directors do not consider there to be an ultimate controlling party.