Happen Productions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11006762 (England and Wales)

Financial Statements for the Year Ended 31st October 2021

for

Happen Productions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Williams

REGISTERED OFFICE:

15 Alexandra Road

Maidenhead

SL6 6BG

REGISTERED NUMBER:

11006762 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

13,670

13,390

CURRENT ASSETS

Debtors

5

5,207

5,288

Cash at bank

8,564

12,570

13,771

17,858

CREDITORS

Amounts falling due within one year

6

(27,246

)

(19,222

)

NET CURRENT LIABILITIES

(13,475

)

(1,364

)

TOTAL ASSETS LESS CURRENT LIABILITIES

195

12,026

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

194

12,025

SHAREHOLDERS' FUNDS

195

12,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th July 2022 and were signed by:

M Williams - Director

1.	STATUTORY INFORMATION

Happen Productions Ltd 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.

Turnover

Turnover 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.

Plant and machinery etc

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2020

25,080

Additions

3,697

At 31st October 2021

28,777

DEPRECIATION

At 1st November 2020

11,690

Charge for year

3,417

At 31st October 2021

15,107

NET BOOK VALUE

At 31st October 2021

13,670

At 31st October 2020

13,390

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

3,384

4,248

Other debtors

1,823

1,040

5,207

5,288

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade creditors

5,165

2,888

Taxation and social security

-

964

Other creditors

22,081

15,370

27,246

19,222

7.	RELATED PARTY DISCLOSURES

The company owed M Williams £19,801 (2020: £15,370) as at 31st October 2021.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Williams.