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REGISTERED NUMBER: OC322286 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

HAPPY DEVELOPMENTS SOUTH LLP
HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAPPY DEVELOPMENTS SOUTH LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025







DESIGNATED MEMBERS: J Porter
I Roobottom





REGISTERED OFFICE: Pinlands Farm
Bines Road
Partridge Green
HORSHAM
West Sussex
RH13 8EQ





REGISTERED NUMBER: OC322286 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS
Page 1
HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 4 550,000 650,000

CURRENT ASSETS
Debtors 5 330 330
Cash at bank 30,978 26,760
31,308 27,090
CREDITORS
Amounts falling due within one year 6 (1,590 ) (1,590 )
NET CURRENT ASSETS 29,718 25,500
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
579,718
675,500

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
301,457
397,239

MEMBERS' OTHER INTERESTS
Capital accounts 278,261 278,261
579,718 675,500

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 301,457 397,239
Members' other interests 278,261 278,261
579,718 675,500

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 June 2026 and were signed by:





J Porter - Designated member

The notes form part of these financial statements

Page 3
HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. STATUTORY INFORMATION

Happy Developments South LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2024 650,000
Revaluations (100,000 )
At 30 September 2025 550,000
NET BOOK VALUE
At 30 September 2025 550,000
At 30 September 2024 650,000

Fair value at 30 September 2025 is represented by:
£   
Valuation in 2009 (1,750 )
Valuation in 2011 256,617
Valuation in 2014 160,000
Valuation in 2022 (8,250 )
Valuation in 2024 50,000
Valuation in 2025 (100,000 )
Cost 193,383
550,000

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

2025 2024
£    £   
Cost 193,383 193,383

Investment property was valued on an open market basis on 30 September 2025 by the members .

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HAPPY DEVELOPMENTS SOUTH LLP (REGISTERED NUMBER: OC322286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 330 330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accruals and deferred income 1,590 1,590

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

Page 5