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Draft
Happy Feet Management Limited
Registered Number:07395886
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 October 2023
Happy Feet Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
07395886
As at 31 October 2023
Happy Feet Management Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
250
375
2
250
375
Current assets
4,227
Cash and cash equivalents
2,185
2,185
4,227
Trade and other payables: amounts falling due within one
year
(15,394)
(7,475)
3
(11,167)
(5,290)
Net current liabilities
Total assets less current liabilities
(5,040)
(10,792)
Trade and other payables: amounts falling due after more
than one year
(14,468)
(13,868)
4
(18,908)
Net liabilities
(25,260)
Capital and reserves
Called up share capital
100
100
Share premium account
2,000
2,000
Retained earnings
(21,008)
(27,360)
(18,908)
(25,260)
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Amelia Louise Crouch Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 October 2023
Happy Feet Management Limited
Notes to the Financial Statements
Statutory Information
Happy Feet Management Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07395886.
Registered address:
The Oast
EMR Centre
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for commission on childrens modelling.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
Post balance sheet events and going concern
Up to and after the balance sheet date we have seen global uncertainty because of COVID-19 (coronavirus
pandemic).
The business has faced challenges due to the lockdown restrictions and not being able to work at certain times
during the pandemic as modelling events have been cancelled.
The director deems that it is appropriate to prepare the accounts on a going concern basis as the company has
continued to operate and with lockdown restrictions easing, profitability has improved.
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For the year ended 31 October 2023
Happy Feet Management Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 November 2022
500
At 31 October 2023
500
Provision for depreciation and impairment
At 01 November 2022
125
Charge for year
125
At 31 October 2023
250
At 31 October 2023
Net book value
250
At 31 October 2022
375
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
7,475
15,394
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
13,868
14,468
5. Directors advances and guarantees
At 01/11/2022
At 31/10/2023
£
£
Miss Holly Kate Greenaway
Director Loan Account
-
10,322
-
10,322
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 3)
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