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REGISTERED NUMBER: 11333330 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Happy Homes (Yorkshire) Ltd

Happy Homes (Yorkshire) Ltd (Registered number: 11333330)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Happy Homes (Yorkshire) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs D L Saia
P Saia





REGISTERED OFFICE: 15 Scholars Way
Riddlesden
Keighley
West Yorkshire
BD20 5QE





REGISTERED NUMBER: 11333330 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Happy Homes (Yorkshire) Ltd (Registered number: 11333330)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 869 1,158
Investment property 6 2,610,000 2,610,000
2,610,869 2,611,158

CURRENT ASSETS
Debtors 7 1,335 1,920
Cash at bank 8,497 7,331
9,832 9,251
CREDITORS
Amounts falling due within one year 8 (604,516 ) (644,840 )
NET CURRENT LIABILITIES (594,684 ) (635,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,016,185

1,975,569

CREDITORS
Amounts falling due after more than one
year

9

(1,566,689

)

(1,534,618

)

PROVISIONS FOR LIABILITIES (94,103 ) (94,103 )
NET ASSETS 355,393 346,848

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 355,391 346,846
SHAREHOLDERS' FUNDS 355,393 346,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

Happy Homes (Yorkshire) Ltd (Registered number: 11333330)

Statement of Financial Position - continued
30 April 2024



The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Mrs D L Saia - Director


Happy Homes (Yorkshire) Ltd (Registered number: 11333330)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Happy Homes (Yorkshire) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

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

Happy Homes (Yorkshire) Ltd (Registered number: 11333330)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 4,895
DEPRECIATION
At 1 May 2023 3,737
Charge for year 289
At 30 April 2024 4,026
NET BOOK VALUE
At 30 April 2024 869
At 30 April 2023 1,158

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 2,610,000
NET BOOK VALUE
At 30 April 2024 2,610,000
At 30 April 2023 2,610,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 376,414
Cost 2,233,586
2,610,000

The directors confirm that the fair value of the investment properties as at 30th April 2024 is £2,610,000 (2023: £2,610,000).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 620 1,270
Prepayments & accrued income 715 650
1,335 1,920

Happy Homes (Yorkshire) Ltd (Registered number: 11333330)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 2,460 8,054
Other creditors 4,007 -
Directors' current accounts 596,608 635,400
Accruals & deferred income 1,441 1,386
604,516 644,840

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yrs non-inst 1,566,689 1,534,618

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,566,689 1,534,618

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,566,689 1,534,618

The bank loans are secured on the properties to which they relate.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Happy Homes (Yorkshire) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Happy Homes (Yorkshire) Ltd for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Happy Homes (Yorkshire) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Happy Homes (Yorkshire) Ltd and state those matters that we have agreed to state to the Board of Directors of Happy Homes (Yorkshire) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Happy Homes (Yorkshire) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Happy Homes (Yorkshire) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Happy Homes (Yorkshire) Ltd. You consider that Happy Homes (Yorkshire) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Happy Homes (Yorkshire) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


25 July 2024