REGISTERED NUMBER: 09762649 (England and Wales)

Happy Holdings Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G McGrath

REGISTERED OFFICE:

Trym Lodge Henbury Road

Westbury-On-Trym

Bristol

BS9 3HQ

REGISTERED NUMBER:

09762649 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

39

46

Investments

5

101

2,288

Investment property

6

911,005

895,000

911,145

897,334

CURRENT ASSETS

Cash at bank

425

19,274

CREDITORS

Amounts falling due within one year

7

251,391

213,762

NET CURRENT LIABILITIES

(250,966

)

(194,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

660,179

702,846

PROVISIONS FOR LIABILITIES

39,833

39,836

NET ASSETS

620,346

663,010

CAPITAL AND RESERVES

Called up share capital

8

1

1

Fair value reserve

119,470

119,470

Retained earnings

500,875

543,539

SHAREHOLDERS' FUNDS

620,346

663,010

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

G McGrath - Director

1.	STATUTORY INFORMATION

Happy Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Happy Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income

Turnover represents rental income from properties and is recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognized when the related services are performed.

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

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 Profit and Loss Account, 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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

1,061

DEPRECIATION

At 1 September 2024

1,015

Charge for year

7

At 31 August 2025

1,022

NET BOOK VALUE

At 31 August 2025

39

At 31 August 2024

46

5.	FIXED ASSET INVESTMENTS

Shares in

group

under-

takings

£

COST

At 1 September 2024

2,288

Impairments

(2,187

)

At 31 August 2025

101

NET BOOK VALUE

At 31 August 2025

101

At 31 August 2024

2,288

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

895,000

Additions

16,005

At 31 August 2025

911,005

NET BOOK VALUE

At 31 August 2025

911,005

At 31 August 2024

895,000

The directors revalued investment properties at 31 August 2025. The historical cost of investment property is £751,711 (2024 £735,706).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

1,469

Amounts owed to group undertakings

43,291

35,643

Other creditors

208,100

176,650

251,391

213,762

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£0.01

1

1