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Company registration number:09329644
HAPPY LEMON FRANCHISE UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
HAPPY LEMON FRANCHISE UK LTD
BALANCE SHEET
AS AT 31 March 2024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets38,46913,648
Tangible assets4393,138397,838
401,607411,486
CURRENT ASSETS
Stocks36,00048,860
Debtors53,995,3522,922,661
Cash at bank and in hand383,409536,129
4,414,7613,507,650
CREDITORS
Amounts falling due within one year 6 (684,668) (362,585)
NET CURRENT ASSETS 3,730,093 3,145,065
TOTAL ASSETS LESS
CURRENT LIABILITIES 4,131,700 3,556,551
Creditors falling due after one year7(12,236)(22,438)
PROVISIONS FOR LIABILITIES(20,505)(17,563)
NET ASSETS 4,098,959 3,516,550
CAPITAL AND RESERVES
Called-up equity share capital 8 300 100
Profit and loss account 4,098,659 3,516,450
SHAREHOLDERS FUNDS 4,098,959 3,516,550
For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 13 November 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mr Jun Xu
13 November 2024
The annexed notes form part of these financial statements.

HAPPY LEMON FRANCHISE UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 April 202210002,478,702002,478,802
Changes in equity
Dividend00(12,000)00(12,000)
Total Comprehensive Income001,049,748001,049,748
Balance at 31 March 202310003,516,450003,516,550
Changes in equity
Share issue2000000200
Total comprehensive income00582,20900582,209
Balance at 31 March 202430004,098,659004,098,959

HAPPY LEMON FRANCHISE UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 09329644. The company is a private company limited by shares. Its registered office is Flat 7 Bristol Court, 248-250 Bristol Road,
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Intangible Assets
Amortisation is provided at rates calculated to write off the cost or valuation of intangible assets, less their estimated residual value, over their expected useful lives on the following bases: Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life. Franchise Patents Straight line over life of asset Website 25% Straight line
Financial assets
Investments are stated at their market value at the year end. Investment property is stated at fair value.
Foreign Currency
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation 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 bases:
Property Improvements 20% Reducing balance basis
Fixtures and Fittings 20% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Leases Straight line over length of lease
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Leasing
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis over the life of the lease.
Deferred Taxation
Deferred tax is provided on the liability method take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pension Scheme
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Financial instruments
Financial instruments, for the company, comprises of debtors and creditors due receivable or payable after more than one year. Financial instruments are recorded at cost, and discounted over the expected life of the financial instruments, and charged to the profit and loss account according to the underlying class of the instrument. Where a financial instrument was found to be impaired, the value of underlying asset will be written down to the revised impaired value and discounted over the expected period of new expected life of the financial instrument.
2.Employees
The average number of persons employed by the company (including directors) during the year was 20.
3.Intangible fixed assets
Patents Total
Cost
At start of period 156,685 2,175 218,860
At end of period 156,685 2,175 218,860
Amortisation
At start of period 143,037 2,175 205,212
Provided during the period 5,179 0 5,179
At end of period 148,216 2,175 210,391
Net Book Values
At start of period 13,648 0 13,648
At end of period 8,469 0 8,469
4.Tangible fixed assets
Land/Buildings Short Lease Motor F and F Total
Cost
At start of period 192,062 16,292 27,163 457,323 692,840
Additions 0 0 0 50,490 50,490
At end of period 192,062 16,292 27,163 507,813 743,330
Depreciation
At start of period 0 14,900 6,791 273,311 295,002
Provided during the period 0 1,392 5,093 48,705 55,190
At end of period 0 16,292 11,884 322,016 350,192
Net Book Value
At start of period 192,062 1,392 20,372 184,012 397,838
At end of period 192,062 0 15,279 185,797 393,138
5.Debtors
20242023
££
Due within one year
Trade Debtors33,6103,460
Other Debtors3,786,1642,861,548
Prepayments and accrued income33,36040,441
Corporation tax recoverable assets142,21817,212
3,995,3522,922,661
Included in the Other debtors is an amount owed by a related party £6,274 (2023: £5,550) and loan to the director £423,146 (2023:£52,760).
6.Creditors due within one year
20242023
££
Trade creditors262,95928,486
Bank Loans and Overdrafts10,2049,951
Corporation Tax333,846246,418
Other taxes and social security costs2,4381,946
Other creditors54,77456,215
Accruals and deferred income20,44719,569
684,668 362,585
7.Creditors due after one year
20242023
££
Bank Loans12,23622,438
12,236 22,438
8. Share capital Alloted, Issued and fully paid
2024 2023
£ £
Ordinary shares of £1 each100100
Total issued share capital300100
9.Related Party Transactions
During the year the company paid £0 (2023:£12,000)dividend to the director. Amounts were paid to Mr Egg Franchise UK Ltd, a company under common control. The loan is interest free and repayable on demand
20242023
££
At start of period5,55012,894
Advanced or Reimbursed15,2741,657
Repaid or Recharges14,5509,001
At end of period6,2745,550