Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-014No description of principal activitytruefalse4 14278556 2023-01-01 2023-12-31 14278556 2022-08-05 2022-12-31 14278556 2023-12-31 14278556 2022-12-31 14278556 c:Director4 2023-01-01 2023-12-31 14278556 d:CurrentFinancialInstruments 2023-12-31 14278556 d:CurrentFinancialInstruments 2022-12-31 14278556 d:Non-currentFinancialInstruments 2023-12-31 14278556 d:Non-currentFinancialInstruments 2022-12-31 14278556 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14278556 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14278556 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14278556 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 14278556 d:ShareCapital 2023-12-31 14278556 d:ShareCapital 2022-12-31 14278556 d:RetainedEarningsAccumulatedLosses 2023-12-31 14278556 d:RetainedEarningsAccumulatedLosses 2022-12-31 14278556 c:OrdinaryShareClass1 2023-01-01 2023-12-31 14278556 c:OrdinaryShareClass1 2023-12-31 14278556 c:OrdinaryShareClass2 2023-01-01 2023-12-31 14278556 c:OrdinaryShareClass2 2023-12-31 14278556 c:FRS102 2023-01-01 2023-12-31 14278556 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14278556 c:FullAccounts 2023-01-01 2023-12-31 14278556 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14278556 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14278556










THE HAPPINESS FIRST GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE HAPPINESS FIRST GROUP LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
THE HAPPINESS FIRST GROUP LIMITED
REGISTERED NUMBER: 14278556

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
1,407,000
1,407,000

  
1,407,000
1,407,000

  

Creditors: amounts falling due within one year
  
(697,346)
(549,463)

Net current liabilities
  
 
 
(697,346)
 
 
(549,463)

Total assets less current liabilities
  
709,654
857,537

Creditors: amounts falling due after more than one year
  
(637,500)
(742,500)

  

Net assets
  
72,154
115,037


Capital and reserves
  

Share capital
  
120,000
120,000

Profit and loss account
  
(47,846)
(4,963)

  
72,154
115,037


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 year 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
THE HAPPINESS FIRST GROUP LIMITED
REGISTERED NUMBER: 14278556
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




H J Leech
Director

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

Page 2

 
THE HAPPINESS FIRST GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office is 2 Millennium Plain, Norwich, Norfolk, NR2 1TF.
The company is a holding company. The principal place of business is Norwich, Norfolk.

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

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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 number of employees during the year was Nil.


Page 3

 
THE HAPPINESS FIRST GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,407,000



At 31 December 2023
1,407,000





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
585,959
394,860

Other creditors
105,000
150,000

Accruals and deferred income
6,387
4,603

697,346
549,463



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
637,500
742,500

637,500
742,500


Page 4

 
THE HAPPINESS FIRST GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



84,000 Ordinary 'A' shares of £1.00 each
84,000
84,000
36,000 Ordinary 'B' shares of £1.00 each
36,000
36,000

120,000

120,000



8.


Contingent liabilities

Under the agreement with Miss E V Groves and Mr D K Groves, The Happiness First Group Limited is party to an inter-company guarantee dated 8 December 2022 with Indigo Swan Limited. As at 31 December 2023 this amounted to £742,500 (2022: £892,500).

 
Page 5