REGISTERED NUMBER: 10688370 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Howard's Happy Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H N George

Mrs M George

H George

REGISTERED OFFICE:

2 Station View

Hazel Grove

Stockport

SK7 5ER

REGISTERED NUMBER:

10688370 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Investment property

4

1,220,000

1,220,000

CURRENT ASSETS

Debtors

5

6,220

4,400

Cash at bank

67,238

42,203

73,458

46,603

CREDITORS

Amounts falling due within one year

6

682,964

680,101

NET CURRENT LIABILITIES

(609,506

)

(633,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

610,494

586,502

PROVISIONS FOR LIABILITIES

81,846

81,846

NET ASSETS

528,648

504,656

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

348,924

348,924

Retained earnings

179,624

155,632

SHAREHOLDERS' FUNDS

528,648

504,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 17 December 2025 and were signed on its behalf by:

H N George - Director

1.	STATUTORY INFORMATION

Howard's Happy Homes 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,220,000

NET BOOK VALUE

At 31 March 2025

1,220,000

At 31 March 2024

1,220,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

90,500

Valuation in 2019

(13,564

)

Valuation in 2020

43,123

Valuation in 2021

91,165

Valuation in 2022

74,240

Valuation in 2023

145,307

Cost

789,229

1,220,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

6,220

4,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

6,950

9,380

Other creditors

676,014

670,721

682,964

680,101

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

348,924

Deferred tax has been calculated on the non distributable reserve balance relating to investment property revaluations.

8.	RELATED PARTY DISCLOSURES

During the year, the director made loans to the company. The company owed the directors £668,354 (2024; £662,480) at the year end. This amount is included in creditors due in one year. No interest is payable on the loan.

9.	ULTIMATE CONTROLLING PARTY

The controlling party are the directors Mr H George and Mrs M George.