REGISTERED NUMBER: 05949158 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Change Happens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs F Crompton

Mr I J Crompton

SECRETARY:

Mr I J Crompton

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

05949158 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

666

44

Investment property

5

1,010,000

900,000

1,010,666

900,044

CURRENT ASSETS

Debtors

6

729

669

Cash at bank

27,143

119,793

27,872

120,462

CREDITORS

Amounts falling due within one year

7

245,528

347,619

NET CURRENT LIABILITIES

(217,656

)

(227,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

793,010

672,887

PROVISIONS FOR LIABILITIES

72,689

34,514

NET ASSETS

720,321

638,373

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Fair value reserve

9

219,085

147,102

Retained earnings

9

491,236

481,271

SHAREHOLDERS' FUNDS

720,321

638,373

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

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

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 29th September 2025 and were signed on its behalf by:

Mrs F Crompton - Director

1.	STATUTORY INFORMATION

Change Happens 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises of rents received and consultancy work carried out.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2024

925

3,751

4,676

Additions

-

949

949

At 31st December 2024

925

4,700

5,625

DEPRECIATION

At 1st January 2024

881

3,751

4,632

Charge for year

11

316

327

At 31st December 2024

892

4,067

4,959

NET BOOK VALUE

At 31st December 2024

33

633

666

At 31st December 2023

44

-

44

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

900,000

Revaluations

110,000

At 31st December 2024

1,010,000

NET BOOK VALUE

At 31st December 2024

1,010,000

At 31st December 2023

900,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2016

99,962

Valuation in 2019

10,000

Valuation in 2020

121,646

Valuation in 2021

50,000

Valuation in 2023

(100,000

)

Valuation in 2024

110,000

Cost

718,392

1,010,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

718,392

718,392

Investment property was valued on an open market basis on 31st December 2024 by directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments

729

669

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

4,692

4,197

Other creditors

163,110

205,672

Directors' current accounts

75,804

135,920

Accrued expenses

1,922

1,830

245,528

347,619

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

9,000

Ordinary B

£1

9,000

9,000

10,000

10,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st January 2024

481,271

147,102

628,373

Profit for the year

92,448

92,448

Dividends

(10,500

)

(10,500

)

Assets revalued in period

(71,983

)

71,983

-

At 31st December 2024

491,236

219,085

710,321

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, Primary Care Finance ltd are owed £160,000 by Change Happens Ltd (2023 - £200,000). This is held within other creditors.