IRIS Accounts Production v23.3.0.418 OC322286 designated member 1.10.22 30.9.23 30.9.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3222862022-09-30OC3222862023-09-30OC3222862022-10-012023-09-30OC3222862021-09-30OC3222862021-10-012022-09-30OC3222862022-09-30OC322286ns10:Originalns15:EnglandWales2022-10-012023-09-30OC322286ns14:PoundSterlingns10:Original2022-10-012023-09-30OC322286ns10:Originalns10:Director12022-10-012023-09-30OC322286ns10:Original2022-10-012023-09-30OC322286ns10:Original2023-09-30OC322286ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-10-012023-09-30OC322286ns10:Originalns10:SmallEntities2022-10-012023-09-30OC322286ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30OC322286ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-30OC322286ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-10-012023-09-30OC322286ns10:Originalns10:FullAccounts2022-10-012023-09-30OC322286ns10:Original2021-10-012022-09-30OC322286ns10:Originalns10:Director22022-10-012023-09-30OC322286ns10:Originalns10:RegisteredOffice2022-10-012023-09-30OC322286ns10:Original2022-09-30OC322286ns10:Originalns5:CurrentFinancialInstruments2023-09-30OC322286ns10:Originalns5:CurrentFinancialInstruments2022-09-30OC322286ns10:Originalns5:FurnitureFittings2022-10-012023-09-30OC322286ns10:Originalns5:MotorVehicles2022-10-012023-09-30OC322286ns10:Originalns5:FurnitureFittings2022-09-30OC322286ns10:Originalns5:MotorVehicles2022-09-30OC322286ns10:Original2022-09-30OC322286ns10:Originalns5:FurnitureFittings2023-09-30OC322286ns10:Originalns5:MotorVehicles2023-09-30OC322286ns10:Originalns5:FurnitureFittings2022-09-30OC322286ns10:Originalns5:MotorVehicles2022-09-30
REGISTERED NUMBER: OC322286 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

HAPPY DEVELOPMENTS SOUTH LLP

HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAPPY DEVELOPMENTS SOUTH LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DESIGNATED MEMBERS: J Porter
I Roobottom





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: OC322286 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 643 854
Investment property 5 600,000 600,000
600,643 600,854

CURRENT ASSETS
Debtors 6 330 330
Cash at bank 30,253 40,992
30,583 41,322
CREDITORS
Amounts falling due within one year 7 (1,591 ) (3,179 )
NET CURRENT ASSETS 28,992 38,143
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

629,635

638,997

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

351,374

360,736

MEMBERS' OTHER INTERESTS
Capital accounts 278,261 278,261
629,635 638,997

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 351,374 360,736
Members' other interests 278,261 278,261
629,635 638,997

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 February 2024 and were signed by:





J Porter - Designated member

HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Happy Developments South LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 545 35,000 35,545
DEPRECIATION
At 1 October 2022 522 34,169 34,691
Charge for year 4 207 211
At 30 September 2023 526 34,376 34,902
NET BOOK VALUE
At 30 September 2023 19 624 643
At 30 September 2022 23 831 854

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 600,000
NET BOOK VALUE
At 30 September 2023 600,000
At 30 September 2022 600,000

HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2009 (1,750 )
Valuation in 2011 256,617
Valuation in 2014 160,000
Valuation in 2022 (8,250 )
Cost 193,383
600,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 196,758 196,758

Investment property was valued on an open market basis on 30 September 2022 by the members .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 330 330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1,589
Accruals and deferred income 1,590 1,590
1,591 3,179

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.