Company registration number: 10512930
Annual report and unaudited financial statements
for the year ended 31 May 2026
for
Happity Ltd
Pages for filing with the Registrar
Company registration number: 10512930
Happity Ltd
Balance sheet
as at 31 May 2026
31 May 26 31 May 25
Note £ £ £ £
Fixed assets
Intangible assets 4 332,555 248,078
Tangible assets 5 893 475
Investments 6 100 100
333,548 248,653
Current assets
Debtors 7 6,783 15,920
Cash at bank and in hand 168,964 323,066
175,747 338,986
Creditors: amounts falling due within one year
8 (102,457) (103,639)
Net current assets 73,290 235,347
Total assets less current liabilities 406,838 484,000
Creditors: Amounts falling due after more than one year
9 (119,703) (116,315)
NET ASSETS 287,135 367,685
Capital and reserves
Called up share capital 35 33
Share premium account 2,109,044 1,738,587
Profit and loss account (1,821,944) (1,370,935)
TOTAL EQUITY 287,135 367,685
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10512930
Happity Ltd
Balance sheet - continued
as at 31 May 2026
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 August 2026 and signed on its behalf by:
Ms S Tateno, Director
28 August 2026
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Happity Ltd
Notes to the financial statements
for the year ended 31 May 2026
1 Company information
Happity Ltd is a private company registered in England and Wales. Its registered number is 10512930. The company is limited by shares. Its registered office is 167 to 169 Great Portland Street, 5th Floor, London, W1W 5PF.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Trademark - 5 years.
Website Development - 5 years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & Fittings - 3 years
Computer Equipment - 3 years
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Happity Ltd
Notes to the financial statements - continued
for the year ended 31 May 2026
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 15 (2025 - 13).
4 Intangible assets
Other intangible assets

£
Cost
At 1 June 2025 471,787
Additions 166,903
At 31 May 2026 638,690
Amortisation
At 1 June 2025 223,709
Charge for year 82,426
At 31 May 2026 306,135
Net book value
At 31 May 2026 332,555
At 31 May 2025 248,078
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 June 2025 5,163
Additions 1,031
At 31 May 2026 6,194
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Happity Ltd
Notes to the financial statements - continued
for the year ended 31 May 2026
5 Tangible fixed assets - continued
Depreciation
At 1 June 2025 4,688
Charge for year 613
At 31 May 2026 5,301
Net book value
At 31 May 2026 893
At 31 May 2025 475
6 Fixed asset investments
Other investments other than loans


£
Cost
At 1 June 2025 100
At 31 May 2026 100
Net book value
At 31 May 2026 100
At 31 May 2025 100
7 Debtors
31 May 26 31 May 25
£ £
Trade debtors 2,035 9,984
Other debtors 2,449 1,867
Prepayments and accrued income 2,299 4,069
6,783 15,920
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Happity Ltd
Notes to the financial statements - continued
for the year ended 31 May 2026
8 Creditors: amounts falling due within one year
31 May 26 31 May 25
£ £
Trade creditors 211 12,328
Amounts owed to directors 622 312
Other creditors 43,547 36,156
VAT payable 9,948 3,475
Accruals and deferred income 48,129 51,368
102,457 103,639
9 Creditors: amounts falling due after more than one year
31 May 26 31 May 25
£ £
Amounts owed to directors 119,703 116,315
10 Advances, credit and guarantees granted to directors
There were no advances, credits and guarantees granted to the directors during the period.
11 Contingent liabilities
There were no financial guarantees or commitments, either ongoing or entered into during the period.
12 Off-balance sheet arrangements
The company had no off-balance sheet arrangements at year-end or at any stage during the period.
13 Prior Year Adjustment
In previous financial years, revenue was recognised on a cash basis and amounts received in advance relating to future periods were not deferred. During the year ended 31 May 2026, the Company began recognising revenue under the accruals method and identified deferred income of £31,461 relating to amounts received in the prior year. The comparative figures have therefore been restated to reflect this prior-period balance. The adjustment has resulted in a £31,461 increase in deferred income and a corresponding £31,461 reduction in brought-forward retained earnings.

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