Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2022-02-03falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13891610 2022-02-02 13891610 2022-02-03 2022-12-31 13891610 2021-02-03 2022-02-02 13891610 2022-12-31 13891610 c:Director1 2022-02-03 2022-12-31 13891610 d:CurrentFinancialInstruments 2022-12-31 13891610 d:Non-currentFinancialInstruments 2022-12-31 13891610 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13891610 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13891610 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 13891610 d:ShareCapital 2022-12-31 13891610 d:RetainedEarningsAccumulatedLosses 2022-12-31 13891610 c:FRS102 2022-02-03 2022-12-31 13891610 c:AuditExempt-NoAccountantsReport 2022-02-03 2022-12-31 13891610 c:FullAccounts 2022-02-03 2022-12-31 13891610 c:PrivateLimitedCompanyLtd 2022-02-03 2022-12-31 13891610 6 2022-02-03 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13891610









HAPPINESS HOSPITALITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
HAPPINESS HOSPITALITY LIMITED
REGISTERED NUMBER: 13891610

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investments
 4 
110

  
110

Current assets
  

Debtors: amounts falling due within one year
 5 
3,149,678

Cash at bank and in hand
 6 
14,506

  
3,164,184

Creditors: amounts falling due within one year
 7 
(27,474)

Net current assets
  
 
 
3,136,710

Total assets less current liabilities
  
3,136,820

Creditors: amounts falling due after more than one year
 8 
(3,400,000)

  

Net (liabilities)/assets
  
(263,180)


Capital and reserves
  

Called up share capital 
  
20

Profit and loss account
  
(263,200)

  
(263,180)


Page 1

 
HAPPINESS HOSPITALITY LIMITED
REGISTERED NUMBER: 13891610
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H L Cragoe
Director

Date: 21 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HAPPINESS HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Happiness Hospitality Limited is a private company limited by shares and incorporated in England & Wales (registered number 13891610). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.3

Finance costs

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
HAPPINESS HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
110



At 31 December 2022
110





5.


Debtors

2022
£


Amounts owed by group undertakings
3,149,678

3,149,678


Page 4

 
HAPPINESS HOSPITALITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
14,506

14,506



7.


Creditors: Amounts falling due within one year

2022
£

Other creditors
14,264

Accruals and deferred income
13,210

27,474



8.


Creditors: Amounts falling due after more than one year

2022
£

Other loans
3,400,000

3,400,000



9.


Loans


Analysis of the maturity of loans is given below:


2022
£


Amounts falling due 1-2 years

Other loans
3,400,000


3,400,000



3,400,000


 
Page 5