| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
| FOR |
| HAPPY HOUSE HOLDINGS LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
| FOR |
| HAPPY HOUSE HOLDINGS LIMITED |
| HAPPY HOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 09710360) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HAPPY HOUSE HOLDINGS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 London Mews |
| Paddington |
| LONDON |
| W2 1HY |
| HAPPY HOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 09710360) |
| BALANCE SHEET |
| 31 July 2024 |
| 31.7.24 | 31.7.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment properties | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| HAPPY HOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 09710360) |
| BALANCE SHEET - continued |
| 31 July 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HAPPY HOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 09710360) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2024 |
| 1. | STATUTORY INFORMATION |
| Happy House Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis as the directors believe that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months. |
| Turnover |
| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. |
| Turnover is in respect of rental income and is recognised on a straight line basis over the terms of lease. |
| Investment properties |
| In accordance with FRS102, Section 1A, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the profit and loss account. |
| Financial instruments |
| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties. |
| The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 HOLDINGS LIMITED (REGISTERED NUMBER: 09710360) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTIES |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2023 |
| and 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| At 31 July 2023 |
| Investment properties are valued on an open market basis on 31 July 2024 by the directors of the company. |
| The directors consider the value to be a reasonable approximation of open market value at the balance sheet date based on comparable property prices. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 31.7.24 | 31.7.23 |
| value: | £ | £ |
| Share capital | £1 | 100 | 100 |
| 8. | RELATED PARTY DISCLOSURES |
| Included in other creditors is a loan of £728,580 (2023: £807,864) owed to a company in which the directors have a material interest. The loan is interest free and is repayable as and when the cashflow permits. |