IRIS Accounts Production v25.1.4.42 09710360 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097103602023-07-31097103602024-07-31097103602023-08-012024-07-31097103602022-07-31097103602022-08-012023-07-31097103602023-07-3109710360ns15:EnglandWales2023-08-012024-07-3109710360ns14:PoundSterling2023-08-012024-07-3109710360ns10:Director12023-08-012024-07-3109710360ns10:Director22023-08-012024-07-3109710360ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109710360ns10:SmallEntities2023-08-012024-07-3109710360ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109710360ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109710360ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109710360ns10:FullAccounts2023-08-012024-07-3109710360ns10:EntityHasNeverTraded2023-08-012024-07-3109710360ns10:OrdinaryShareClass12023-08-012024-07-3109710360ns10:RegisteredOffice2023-08-012024-07-3109710360ns5:CurrentFinancialInstruments2024-07-3109710360ns5:CurrentFinancialInstruments2023-07-3109710360ns5:ShareCapital2024-07-3109710360ns5:ShareCapital2023-07-3109710360ns5:RetainedEarningsAccumulatedLosses2024-07-3109710360ns5:RetainedEarningsAccumulatedLosses2023-07-3109710360ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109710360ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3109710360ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 09710360 (England and Wales)















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: Ms Y Eskenzi
N Stinchcombe





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 09710360 (England and Wales)





ACCOUNTANTS: Stein Richards
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 4 888,229 888,229

CURRENT ASSETS
Debtors 5 61,005 20,886
Cash at bank 8,951 105,291
69,956 126,177
CREDITORS
Amounts falling due within one year 6 885,976 963,354
NET CURRENT LIABILITIES (816,020 ) (837,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,209

51,052

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 72,109 50,952
SHAREHOLDERS' FUNDS 72,209 51,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

HAPPY HOUSE HOLDINGS LIMITED (REGISTERED NUMBER: 09710360)

BALANCE SHEET - continued
31 July 2024


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 22 May 2025 and were signed on its behalf by:




N Stinchcombe - Director



Ms Y Eskenzi - Director


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 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.

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.

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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 888,229
NET BOOK VALUE
At 31 July 2024 888,229
At 31 July 2023 888,229

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 61,005 20,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 5,001 6,045
Other creditors 880,975 957,309
885,976 963,354

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 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.