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REGISTERED NUMBER: 14090670 (England and Wales)















Unaudited Financial Statements

for the Period 6 May 2022 to 31 May 2023

for

Happy Inn New Cross Ltd

Happy Inn New Cross Ltd (Registered number: 14090670)






Contents of the Financial Statements
for the Period 6 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Happy Inn New Cross Ltd

Company Information
for the Period 6 May 2022 to 31 May 2023







DIRECTOR: S D Hoang





REGISTERED OFFICE: The Coach House
1 Howard Road
Reigate
Surrey
RH2 7JE





REGISTERED NUMBER: 14090670 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Happy Inn New Cross Ltd (Registered number: 14090670)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 27,000
Tangible assets 5 3,750
30,750

CURRENT ASSETS
Stocks 1,500
Debtors 6 5,590
Cash at bank 21,295
28,385
CREDITORS
Amounts falling due within one year 7 60,106
NET CURRENT LIABILITIES (31,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(971

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (1,071 )
(971 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Happy Inn New Cross Ltd (Registered number: 14090670)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





S D Hoang - Director


Happy Inn New Cross Ltd (Registered number: 14090670)

Notes to the Financial Statements
for the Period 6 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Happy Inn New Cross Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Happy Inn New Cross Ltd (Registered number: 14090670)

Notes to the Financial Statements - continued
for the Period 6 May 2022 to 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 30,000
At 31 May 2023 30,000
AMORTISATION
Charge for period 3,000
At 31 May 2023 3,000
NET BOOK VALUE
At 31 May 2023 27,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,000
At 31 May 2023 5,000
DEPRECIATION
Charge for period 1,250
At 31 May 2023 1,250
NET BOOK VALUE
At 31 May 2023 3,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,333
Prepayments 1,257
5,590

Happy Inn New Cross Ltd (Registered number: 14090670)

Notes to the Financial Statements - continued
for the Period 6 May 2022 to 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 692
Social security and other taxes 289
VAT 8,103
Directors' current accounts 48,425
Accrued expenses 2,597
60,106