Happy Hunting Ground Ltd

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

Registered number: 08078075

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		16,134		24,778

			16,134		24,778
CURRENT ASSETS
Debtors	6	146,041		147,931
Cash at bank and in hand		47,316		79,312

		193,357		227,243
Creditors: Amounts Falling Due Within One Year	7	(111,709 )		(137,313 )

NET CURRENT ASSETS (LIABILITIES)			81,648		89,930

TOTAL ASSETS LESS CURRENT LIABILITIES			97,782		114,708

Creditors: Amounts Falling Due After More Than One Year	8		(4,167 )		(14,167 )

NET ASSETS			93,615		100,541

CAPITAL AND RESERVES
Called up share capital	9		4		4
Share premium account			439,998		439,998
Profit and Loss Account			(346,387 )		(339,461 )

SHAREHOLDERS' FUNDS			93,615		100,541

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Happy Hunting Ground Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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

Mr A Lavery Director	Mr S Robinson Director	Wasserman Music Ltd Director
15 September 2025

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

1. General Information

Happy Hunting Ground Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08078075 . The registered office is 4-6 Canfield Place, London, NW6 3BT .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	33% straight line
Features & Fittings	33% straight line
Studio Equipment	33% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 9)

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Happy Hunting Ground Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	7,500

As at 31 December 2024	7,500

Amortisation
As at 1 January 2024	7,500

As at 31 December 2024	7,500

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Features & Fittings	Studio Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	67,371	29,979	14,266	111,616
Additions	1,255	4,062	784	6,101

As at 31 December 2024	68,626	34,041	15,050	117,717

Depreciation
As at 1 January 2024	54,815	19,914	12,109	86,838
Provided during the period	7,438	5,793	1,514	14,745

As at 31 December 2024	62,253	25,707	13,623	101,583

Net Book Value
As at 31 December 2024	6,373	8,334	1,427	16,134

As at 1 January 2024	12,556	10,065	2,157	24,778

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	99,777	102,350
Amounts owed by participating interests	972	-
Other debtors	45,292	45,581

	146,041	147,931

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Happy Hunting Ground Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	64,453	43,225
Bank loans and overdrafts	10,000	10,000
Amounts owed to participating interests	-	2,330
Other creditors	6,985	33,295
Taxation and social security	30,271	48,463

	111,709	137,313

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,167	14,167

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	4	4

10. Related Party Transactions

The company has entered into transactions with Out Standard Ltd, an associated company. Out Standard Ltd is considered a related party by virtue of common directorships (S Robinson and A Lavery).

During the year the following transactions took place with Out Standard Ltd (comparatives are shown in brackets):

• Sales: £809 (2023: £213)

• Purchases (included in cost of sales): £73,284 (2023: £86,677)

At the balance sheet date, the following balances were outstanding with Out Standard Ltd:

• Trade creditor: £23,280 (2023: £11,875)

• Other debtor: £972 (2023: Other creditor £2,330)

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