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REGISTERED NUMBER: 10518144 (England and Wales)















HAPPY HOUSE RENTAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HAPPY HOUSE RENTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: P R J Jenkins
Mrs L A Jenkins





REGISTERED OFFICE: 103 Newport
Lincoln
Lincolnshire
LN1 3EE





REGISTERED NUMBER: 10518144 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,311 6,639
Investment property 5 882,257 591,148
887,568 597,787

CURRENT ASSETS
Debtors 6 - 30,080
Cash at bank 7,742 138,474
7,742 168,554
CREDITORS
Amounts falling due within one year 7 129,040 49,352
NET CURRENT (LIABILITIES)/ASSETS (121,298 ) 119,202
TOTAL ASSETS LESS CURRENT LIABILITIES 766,270 716,989

CREDITORS
Amounts falling due after more than one year 8 (327,515 ) (347,167 )

PROVISIONS FOR LIABILITIES (1,138 ) (1,470 )
NET ASSETS 437,617 368,352

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 436,617 367,352
SHAREHOLDERS' FUNDS 437,617 368,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




P R J Jenkins - Director


HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Happy House Rental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from consultancy is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to the date the work is invoiced.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental income

Rental income is recognised in the income statement on a straight line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at it's most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 31,725
DEPRECIATION
At 1 February 2024 25,086
Charge for year 1,328
At 31 January 2025 26,414
NET BOOK VALUE
At 31 January 2025 5,311
At 31 January 2024 6,639

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 591,148
Additions 291,109
At 31 January 2025 882,257
NET BOOK VALUE
At 31 January 2025 882,257
At 31 January 2024 591,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 30,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 26,570
Trade creditors 44 -
Taxation and social security 46,213 21,107
Other creditors 82,783 1,675
129,040 49,352

HAPPY HOUSE RENTAL LTD (REGISTERED NUMBER: 10518144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 105,117
Other creditors 327,515 242,050
327,515 347,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans - 131,687
Other loans 408,518 242,050
408,518 373,737

The loans are secured by fixed charges over two of the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
667 A Ordinary 1 667 667
333 B Ordinary 1 333 333
1,000 1,000