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COMPANY REGISTRATION NUMBER: 10628069
Happiness Holdings Limited
Filleted Unaudited Financial Statements
29 February 2024
Happiness Holdings Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Happiness Holdings Limited
Officers and Professional Advisers
Director
C F Clement-Lorford
Registered office
86-89 Paul Street
London
EC2A 4NE
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Happiness Holdings Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Happiness Holdings Limited
Year ended 29 February 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 29 February 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Happiness Holdings Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
1,205,995
1,205,995
Current assets
Cash at bank and in hand
18
6
Creditors: amounts falling due within one year
5
2,472
1,824
-------
-------
Net current liabilities
2,454
1,818
------------
------------
Total assets less current liabilities
1,203,541
1,204,177
------------
------------
Net assets
1,203,541
1,204,177
------------
------------
Capital and reserves
Called up share capital
20,000
20,000
Share premium account
879,997
879,997
Profit and loss account
303,544
304,180
------------
------------
Shareholders funds
1,203,541
1,204,177
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
C F Clement-Lorford
Director
Company registration number: 10628069
Happiness Holdings Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-89 Paul Street, London, EC2A 4NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Shares in group undertakings
£
Cost
At 1 March 2023 and 29 February 2024
1,205,995
------------
Impairment
At 1 March 2023 and 29 February 2024
------------
Carrying amount
At 29 February 2024
1,205,995
------------
At 28 February 2023
1,205,995
------------
The investment above represents a 100% shareholding in Beauty & The Boutique Limited.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,884
1,236
Other creditors
588
588
-------
-------
2,472
1,824
-------
-------