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2024-11-30 15310888 dpl:GroupUndertakings 2023-11-27 2024-11-30 15310888 dpl:ParticipatingInterests 2023-11-27 2024-11-30 15310888 dpl:GroupUndertakings core:ListedExchangeTraded 2023-11-27 2024-11-30 15310888 core:ListedExchangeTraded 2023-11-27 2024-11-30 15310888 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-11-27 2024-11-30 15310888 core:UnlistedNon-exchangeTraded 2023-11-27 2024-11-30 15310888 core:NetGoodwill 2025-11-30 15310888 core:IntangibleAssetsOtherThanGoodwill 2025-11-30 15310888 core:LandBuildings 2025-11-30 15310888 core:PlantMachinery 2025-11-30 15310888 core:Vehicles 2025-11-30 15310888 core:FurnitureFittings 2025-11-30 15310888 core:OfficeEquipment 2025-11-30 15310888 core:AfterOneYear 2025-11-30 15310888 core:WithinOneYear 2025-11-30 15310888 core:ListedExchangeTraded 2025-11-30 15310888 core:UnlistedNon-exchangeTraded 2025-11-30 15310888 core:ShareCapital 2025-11-30 15310888 core:SharePremium 2025-11-30 15310888 core:RevaluationReserve 2025-11-30 15310888 core:OtherReservesSubtotal 2025-11-30 15310888 core:RetainedEarningsAccumulatedLosses 2025-11-30 15310888 core:NetGoodwill 2024-11-30 15310888 core:IntangibleAssetsOtherThanGoodwill 2024-11-30 15310888 core:LandBuildings 2024-11-30 15310888 core:PlantMachinery 2024-11-30 15310888 core:Vehicles 2024-11-30 15310888 core:FurnitureFittings 2024-11-30 15310888 core:OfficeEquipment 2024-11-30 15310888 core:AfterOneYear 2024-11-30 15310888 core:WithinOneYear 2024-11-30 15310888 core:ListedExchangeTraded 2024-11-30 15310888 core:UnlistedNon-exchangeTraded 2024-11-30 15310888 core:ShareCapital 2024-11-30 15310888 core:SharePremium 2024-11-30 15310888 core:RevaluationReserve 2024-11-30 15310888 core:OtherReservesSubtotal 2024-11-30 15310888 core:RetainedEarningsAccumulatedLosses 2024-11-30 15310888 core:NetGoodwill 2023-11-26 15310888 core:IntangibleAssetsOtherThanGoodwill 2023-11-26 15310888 core:LandBuildings 2023-11-26 15310888 core:PlantMachinery 2023-11-26 15310888 core:Vehicles 2023-11-26 15310888 core:FurnitureFittings 2023-11-26 15310888 core:OfficeEquipment 2023-11-26 15310888 core:AfterOneYear 2023-11-26 15310888 core:WithinOneYear 2023-11-26 15310888 core:ListedExchangeTraded 2023-11-26 15310888 core:UnlistedNon-exchangeTraded 2023-11-26 15310888 core:ShareCapital 2023-11-26 15310888 core:SharePremium 2023-11-26 15310888 core:RevaluationReserve 2023-11-26 15310888 core:OtherReservesSubtotal 2023-11-26 15310888 core:RetainedEarningsAccumulatedLosses 2023-11-26 15310888 core:AfterOneYear 2024-12-01 2025-11-30 15310888 core:WithinOneYear 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:CostValuation 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-12-01 2025-11-30 15310888 core:Non-currentFinancialInstruments core:CostValuation 2025-11-30 15310888 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-11-30 15310888 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-11-30 15310888 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 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PUZZLE & HAPPY LIMITED

Registered Number
15310888
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2025

PUZZLE & HAPPY LIMITED
Company Information
for the year from 1 December 2024 to 30 November 2025

Director | YE, Wangmin

Registered Address | 2 Exbury House
| 16 Rampayne Street
| London
| SW1V 2QR

Registered Number | 15310888 (England and Wales)

PUZZLE & HAPPY LIMITED
Statement of Financial Position
30 November 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 2,282 |  |  |  | -
Investment property | 4 |  |  | 743,118 |  |  |  | 173,213
|  |  |  | 745,400 |  |  |  | 173,213
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 1,500 |  |  |  | 4,288 |  |
Cash at bank and on hand |  | 144 |  |  |  | 1,336 |  |
|  | 1,644 |  |  |  | 5,624 |  |
Creditors amounts falling due within one year | 6 | (34) |  |  |  | (34) |  |
Net current assets (liabilities) |  |  |  | 1,610 |  |  |  | 5,590
Total assets less current liabilities |  |  |  | 747,010 |  |  |  | 178,803
Creditors amounts falling due after one year | 7 |  |  | (752,122) |  |  |  | (180,306)
Net assets |  |  |  | (5,112) |  |  |  | (1,503)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | (5,212) |  |  |  | (1,603)
Shareholders' funds |  |  |  | (5,112) |  |  |  | (1,503)

- The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 18 August 2026, and are signed on its behalf by:
YE, Wangmin Director Registered Company No. 15310888

PUZZLE & HAPPY LIMITED
Notes to the Financial Statements
for the year ended 30 November 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Tangible fixed assets and depreciation
--- | ---
| Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

|  | Straight line (years)
| Fixtures and fittings | 5

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 1 |  | 1

3. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 2,402 |  | 2,402
| At 30 November 25 | 2,402 |  | 2,402
| Depreciation and impairment
| Charge for year | 120 |  | 120
| At 30 November 25 | 120 |  | 120
| Net book value
| At 30 November 25 | 2,282 |  | 2,282
| At 30 November 24 | - |  | -

4. | Investment property
--- | ---

|  | £
| Fair value at 01 December 24 | 173,213
| Additions | 569,905
| At 30 November 25 | 743,118

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 1,500 |  | 4,288
| Total | 1,500 |  | 4,288

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 34 |  | 34
| Total | 34 |  | 34

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | 752,122 |  | 180,306
| Total | 752,122 |  | 180,306