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Company Registration No. 10464507 (England and Wales)
Happy River Ltd Unaudited accounts for the year ended 31 March 2024
Happy River Ltd Unaudited accounts Contents
Page
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Happy River Ltd Company Information for the year ended 31 March 2024
Directors
Rachel Louise Bright Robert Steven Price
Company Number
10464507 (England and Wales)
Registered Office
2 Russell Street Bath Somerset BA1 2QF ENGLAND
Accountants
Link Stone Advisory Limited 2 Russell Street Bath BA1 2QF
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Happy River Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
20 
20 
Fixed assets
Tangible assets
233,820 
259,852 
Current assets
Debtors
2,768 
2,914 
Cash at bank and in hand
54,121 
36,389 
56,889 
39,303 
Creditors: amounts falling due within one year
(269,280)
(262,747)
Net current liabilities
(212,391)
(223,444)
Total assets less current liabilities
21,449 
36,428 
Creditors: amounts falling due after more than one year
(66,497)
(74,810)
Net liabilities
(45,048)
(38,382)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(45,068)
(38,402)
Shareholders' funds
(45,048)
(38,382)
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Rachel Louise Bright Director Company Registration No. 10464507
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Happy River Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Happy River Ltd is a private company, limited by shares, registered in England and Wales, registration number 10464507. The registered office is 2 Russell Street, Bath, Somerset, BA1 2QF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Plant & machinery
5 years straight line
Fixtures & fittings
5 years straight line
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future because the shareholders have committed to support the business for at least one year from the date of these accounts being signed. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Happy River Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
245,573 
47,912 
632 
294,117 
Additions
8,175 
372 
- 
8,547 
At 31 March 2024
253,748 
48,284 
632 
302,664 
Depreciation
At 1 April 2023
24,557 
9,582 
126 
34,265 
Charge for the year
24,859 
9,594 
126 
34,579 
At 31 March 2024
49,416 
19,176 
252 
68,844 
Net book value
At 31 March 2024
204,332 
29,108 
380 
233,820 
At 31 March 2023
221,016 
38,330 
506 
259,852 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,788 
1,856 
Accrued income and prepayments
980 
1,058 
2,768 
2,914 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,305 
1,705 
Trade creditors
63 
28 
Other creditors
255,924 
250,924 
Loans from directors
1,936 
1,479 
Accruals
4,588 
4,206 
Deferred income
4,464 
4,405 
269,280 
262,747 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Deferred income
66,497 
74,810 
8
Transactions with related parties
At the year end date, there is a loan from a related party entity included within other creditors for £255,474. Interest is being charged on the loan at 2% per annum. The loan is repayable on demand. During the year rent of £7,980 has been paid to a Director for a commercial property.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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