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REGISTERED NUMBER: SC259321 (Scotland)



















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

HAPPELL DEVELOPMENTS LIMITED

HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HAPPELL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D D Happell
Mrs D M Happell





SECRETARY: Mrs D M Happell





REGISTERED OFFICE: 37 Portland Road
KILMARNOCK
KA1 2DJ





REGISTERED NUMBER: SC259321 (Scotland)





ACCOUNTANTS: Gilmour Hamilton LLP
Chartered Accountants
37 Portland Road
KILMARNOCK
Ayrshire
KA1 2DJ

HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 639 -
Tangible assets 5 35,141 38,429
35,780 38,429

CURRENT ASSETS
Debtors 134,342 197,383
Cash at bank 305,084 328,721
439,426 526,104
CREDITORS
Amounts falling due within one year 294,149 265,287
NET CURRENT ASSETS 145,277 260,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,057

299,246

CREDITORS
Amounts falling due after more than one
year

(11,562

)

(21,867

)

PROVISIONS FOR LIABILITIES (8,434 ) (7,553 )
NET ASSETS 161,061 269,826

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,961 269,726
161,061 269,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





D D Happell - Director


HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Happell Developments Limited is a private company, limited by shares , registered in Scotland. 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, rounded to the nearest pound.

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, which is stated net of value added tax, represents amounts invoiced to third parties, except in respect of contracts in progress where turnover represents the sales value of work done during the year, including estimates of amounts not invoiced.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 33% on cost and 25% on reducing balance

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stocks and long term contracts
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Profit on long term contracts is only taken at a stage near enough to completion for that profit to be reasonably certain. Provision is made for all losses incurred to the accounting date together with any further losses that are foreseen in bringing contracts to completion.

Amounts recoverable on contracts which are included in debtors are stated at cost, plus attributable profit to the extent that this is reasonably certain after making provision for contingencies, less any losses incurred or foreseen in bringing contracts to completion, less any amounts received as progress payments. Cost for this purpose includes valuations of work done by subcontractors, whether certified or not, and all overheads other than those relating to general administration of the relevant companies. For contracts where receipts exceed book value of work done, the excess is included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 799
At 30 November 2024 799
AMORTISATION
Amortisation for year 160
At 30 November 2024 160
NET BOOK VALUE

At 30 November 2024 639

HAPPELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC259321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 97,563
Additions 13,982
Disposals (333 )
At 30 November 2024 111,212
DEPRECIATION
At 1 December 2023 59,134
Charge for year 17,270
Eliminated on disposal (333 )
At 30 November 2024 76,071
NET BOOK VALUE
At 30 November 2024 35,141
At 30 November 2023 38,429

6. OTHER FINANCIAL COMMITMENTS

At 30 November 2024, the company had future operating lease commitments of £38,777.

7. RELATED PARTY DISCLOSURES

At 30 November 2024, an amount of £75,007 (2023 £75,046) was owed to the company by another company in which the directors are also directors and shareholders. The loan was unsecured, interest free and repayable on demand.