Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity3235truetruefalse 09049797 2024-04-01 2025-03-31 09049797 2023-04-01 2024-03-31 09049797 2025-03-31 09049797 2024-03-31 09049797 c:Director2 2024-04-01 2025-03-31 09049797 d:FurnitureFittings 2024-04-01 2025-03-31 09049797 d:FurnitureFittings 2025-03-31 09049797 d:FurnitureFittings 2024-03-31 09049797 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09049797 d:OfficeEquipment 2024-04-01 2025-03-31 09049797 d:OfficeEquipment 2025-03-31 09049797 d:OfficeEquipment 2024-03-31 09049797 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09049797 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09049797 d:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 09049797 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 09049797 d:CurrentFinancialInstruments 2025-03-31 09049797 d:CurrentFinancialInstruments 2024-03-31 09049797 d:Non-currentFinancialInstruments 2025-03-31 09049797 d:Non-currentFinancialInstruments 2024-03-31 09049797 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09049797 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09049797 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 09049797 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09049797 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 09049797 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09049797 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 09049797 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09049797 d:ShareCapital 2025-03-31 09049797 d:ShareCapital 2024-03-31 09049797 d:SharePremium 2025-03-31 09049797 d:SharePremium 2024-03-31 09049797 d:CapitalRedemptionReserve 2025-03-31 09049797 d:CapitalRedemptionReserve 2024-03-31 09049797 d:RetainedEarningsAccumulatedLosses 2025-03-31 09049797 d:RetainedEarningsAccumulatedLosses 2024-03-31 09049797 c:FRS102 2024-04-01 2025-03-31 09049797 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09049797 c:FullAccounts 2024-04-01 2025-03-31 09049797 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09049797 2 2024-04-01 2025-03-31 09049797 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-04-01 2025-03-31 09049797 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure


















The Happiness Index Ltd























Unaudited

Financial statements



For the year ended 31 March 2025



Registered number: 09049797

 
The Happiness Index Ltd - Registered number: 09049797



Statement of financial position
As at 31 March 2025

2025
2025
2024
2024
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
18,769
21,720

Tangible assets
 5 
6,070
10,572

  
24,839
32,292

Current assets
  

Debtors: amounts falling due within one year
 6 
404,011
531,506

Cash at bank and in hand
  
40,862
906,375

  
444,873
1,437,881

Creditors: amounts falling due within one year
 7 
(829,291)
(776,284)

Net current (liabilities)/assets
  
 
 
(384,418)
 
 
661,597

Total assets less current liabilities
  
(359,579)
693,889

Creditors: amounts falling due after more than one year
 8 
(29,004)
(34,684)

  

Net (liabilities)/assets
  
(388,583)
659,205


Capital and reserves
  

Share capital
  
1,749
1,749

Share premium account
  
5,170,962
5,170,962

Capital redemption reserve
  
29
29

Profit and loss account
  
(5,561,323)
(4,513,535)

  
(388,583)
659,205


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
The Happiness Index Ltd - Registered number: 09049797



Statement of financial position (continued)
As at 31 March 2025

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Latter
Director

Date: 30 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
The Happiness Index Ltd


Notes to the financial statements
For the year ended 31 March 2025

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and principal place of business is Waverley House, 9 Noel Street, Soho, London, W1F 8GQ. The company registration number is 09049797.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from it's shareholders that they will continue to give financial support to the company for a period of at least
twelve months from the date of signing of these financial statements.
 
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
The Happiness Index Ltd
 

Notes to the financial statements
For the year ended 31 March 2025

2.Accounting policies (continued)


2.3
Turnover (continued)

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
The Happiness Index Ltd
 

Notes to the financial statements
For the year ended 31 March 2025

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
The Happiness Index Ltd
 

Notes to the financial statements
For the year ended 31 March 2025

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Other receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.


3.


Employees

The average monthly number of employees, including the directors, during the year was 32 (2024 -35).

Page 6

 
The Happiness Index Ltd


Notes to the financial statements
For the year ended 31 March 2025

4.


Intangible assets




Patents, trademarks and licences

£



Cost


At 1 April 2024
29,517



At 31 March 2025

29,517



Amortisation


At 1 April 2024
7,797


Charge for the year
2,951



At 31 March 2025

10,748



Net book value



At 31 March 2025
18,769



At 31 March 2024
21,720



Page 7

 
The Happiness Index Ltd


Notes to the financial statements
For the year ended 31 March 2025

5.


Tangible fixed assets





Fixtures and fittings
Equipment
Total

£
£
£



Cost 


At 1 April 2024
1,703
40,421
42,124


Additions
-
1,800
1,800



At 31 March 2025

1,703
42,221
43,924



Depreciation


At 1 April 2024
1,628
29,924
31,552


Charge for the year
54
6,248
6,302



At 31 March 2025

1,682
36,172
37,854



Net book value



At 31 March 2025
21
6,049
6,070



At 31 March 2024
75
10,497
10,572


6.


Debtors: amounts falling due within one year

2025
2024
£
£


Trade debtors
90,839
320,488

Prepayments and accrued income
57,982
40,743

Other debtors
255,190
170,275

404,011
531,506


Page 8

 
The Happiness Index Ltd


Notes to the financial statements
For the year ended 31 March 2025

7.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank loans and overdrafts
10,000
10,000

Other loans
36,680
-

Trade creditors
29,836
13,788

Accruals and deferred income
622,917
626,836

Social security and other taxes
121,821
110,956

Other creditors
8,037
14,704

829,291
776,284



8.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans and overdrafts
6,667
16,667

Other loans
22,337
18,017

29,004
34,684


Page 9

 
The Happiness Index Ltd


Notes to the financial statements
For the year ended 31 March 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
36,680
-


46,680
10,000

Amounts falling due 1-2 years

Bank loans
6,667
10,000

Other loans
22,337
18,017


29,004
28,017

Amounts falling due 2-5 years

Bank loans
-
6,667


-
6,667


75,684
44,684



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the company in an independently administered fund. The pension cost charge represents contributions
payable by the company to the fund and amounted to £32,972 (2024: £35,594) during the year. Contributions
totalling £5,048 (2024: £7,175) were payable to the fund at 31 March 2025.


11.


Related party transactions

During the year, the company entered into loan arrangements totalling £55,000 (2024: nil) with the shareholders of the company. Interest has been charged at 1% per annum. The loans are repayable within 18 months from the date of the arrangement.


Page 10