Happity Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10512930

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		248,078		178,759
Tangible Assets	5		474		1,284
Investments	6		100		100

			248,652		180,143
CURRENT ASSETS
Debtors		14,053		24,518
Cash at bank and in hand		324,953		306,527

		339,006		331,045
Creditors: Amounts Falling Due Within One Year		(71,885 )		(43,173 )

NET CURRENT ASSETS (LIABILITIES)			267,121		287,872

TOTAL ASSETS LESS CURRENT LIABILITIES			515,773		468,015

Creditors: Amounts Falling Due After More Than One Year			(116,627 )		(152,998 )

NET ASSETS			399,146		315,017

CAPITAL AND RESERVES
Called up share capital	7		33		31
Share premium account			1,738,587		1,386,119
Profit and Loss Account			(1,339,474 )		(1,071,133 )

SHAREHOLDERS' FUNDS			399,146		315,017

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Happity Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Sara Tateno

Director

29/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Happity Ltd Registered number 10512930 is a limited by shares company incorporated in England & Wales. The Registered Office is 85 Great Portland Street, London, W1W 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The director is of the opinion the company is trading as a going concern.

2.2. Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are associated with website development costs. These costs are amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Research and Development

The company has an accounting policy that spend on research and development is capitalised as an intangible asset and written off over five years but treated as revenue expenditure for the purposes of taxation.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	3 Years
Computer Equipment	3 Years

2.6. Foreign Currencies

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	13	10

	13	10

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Happity Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 June 2024	339,270
Additions	133,847

As at 31 May 2025	473,117

Amortisation
As at 1 June 2024	160,511
Provided during the period	64,528

As at 31 May 2025	225,039

Net Book Value
As at 31 May 2025	248,078

As at 1 June 2024	178,759

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 June 2024	356	4,806	5,162

As at 31 May 2025	356	4,806	5,162

Depreciation
As at 1 June 2024	279	3,599	3,878
Provided during the period	71	739	810

As at 31 May 2025	350	4,338	4,688

Net Book Value
As at 31 May 2025	6	468	474

As at 1 June 2024	77	1,207	1,284

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 June 2024	100

As at 31 May 2025	100

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	100

As at 1 June 2024	100

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Happity Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	33	31

8. Additional notes to the accounts

Debtors

Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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