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REGISTERED NUMBER: 10518144 (England and Wales)















HAPPY HOUSE RENTAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HAPPY HOUSE RENTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P R J Jenkins
Mrs L A Jenkins





REGISTERED OFFICE: 103 Newport
Lincoln
Lincolnshire
LN1 3EE





REGISTERED NUMBER: 10518144 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,639 8,299
Investment property 5 591,148 984,176
597,787 992,475

CURRENT ASSETS
Debtors 6 30,080 37,200
Cash at bank 138,474 50
168,554 37,250
CREDITORS
Amounts falling due within one year 7 49,352 588,834
NET CURRENT ASSETS/(LIABILITIES) 119,202 (551,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES 716,989 440,891

CREDITORS
Amounts falling due after more than one year 8 (347,167 ) (129,343 )

PROVISIONS FOR LIABILITIES (1,470 ) (1,577 )
NET ASSETS 368,352 309,971

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 367,352 308,971
SHAREHOLDERS' FUNDS 368,352 309,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:




P R J Jenkins - Director


HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Happy House Rental 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at it's most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 31,725
DEPRECIATION
At 1 February 2023 23,426
Charge for year 1,660
At 31 January 2024 25,086
NET BOOK VALUE
At 31 January 2024 6,639
At 31 January 2023 8,299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 984,176
Additions 32,487
Disposals (425,515 )
At 31 January 2024 591,148
NET BOOK VALUE
At 31 January 2024 591,148
At 31 January 2023 984,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,080 37,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,570 26,796
Taxation and social security 21,107 22,978
Other creditors 1,675 539,060
49,352 588,834

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 105,117 129,343
Other creditors 242,050 -
347,167 129,343

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more than
5 years by instalments - 18,435
- 18,435

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 131,687 155,279

The bank loans are secured by fixed charges over two of the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
667 A Ordinary 1 667 667
333 B Ordinary 1 333 333
1,000 1,000