Happy Hour Productions Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04883337 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Happy Hour Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T C George

REGISTERED OFFICE:

4 Lower Park Row

Bristol

BS1 5BJ

REGISTERED NUMBER:

04883337 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

670,660

650,798

Investments

6

3,065,675

2,565,675

3,736,335

3,216,473

CURRENT ASSETS

Debtors

7

1,255,312

1,314,454

Cash at bank and in hand

1,057,442

1,374,485

2,312,754

2,688,939

CREDITORS

Amounts falling due within one year

8

253,670

652,648

NET CURRENT ASSETS

2,059,084

2,036,291

TOTAL ASSETS LESS CURRENT LIABILITIES

5,795,419

5,252,764

PROVISIONS FOR LIABILITIES

44,154

44,154

NET ASSETS

5,751,265

5,208,610

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

2

2

Other reserves

481,187

481,187

Retained earnings

5,270,074

4,727,419

5,751,265

5,208,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 11 December 2023 and were signed by:

Mr T C George - Director

1.	STATUTORY INFORMATION

Happy Hour Productions 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

26,016

AMORTISATION

At 1 April 2022

and 31 March 2023

26,016

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

603,255

324,323

927,578

Additions

-

131,533

131,533

Disposals

-

(35,867

)

(35,867

)

At 31 March 2023

603,255

419,989

1,023,244

DEPRECIATION

At 1 April 2022

72,390

204,390

276,780

Charge for year

36,195

58,663

94,858

Eliminated on disposal

-

(19,054

)

(19,054

)

At 31 March 2023

108,585

243,999

352,584

NET BOOK VALUE

At 31 March 2023

494,670

175,990

670,660

At 31 March 2022

530,865

119,933

650,798

6.	FIXED ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Shares in group undertakings

3

3

Other investments not loans

3,065,672

2,565,672

3,065,675

2,565,675

Additional information is as follows:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2022

3

2,420,744

2,420,747

Additions

-

500,000

500,000

At 31 March 2023

3

2,920,744

2,920,747

NET BOOK VALUE

At 31 March 2023

3

2,920,744

2,920,747

At 31 March 2022

3

2,420,744

2,420,747

Cost or valuation at 31 March 2023 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2023

-

500,000

500,000

Cost

3

2,420,743

2,420,746

3

2,920,743

2,920,746

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

2,420,744

Additions

500,000

2,920,744

CLIENT SCREEN TOTAL

=

2,920,743

Investments (neither listed nor unlisted) were as follows:

31.3.23

31.3.22

£

£

Russian Roulette - Investment

144,928

144,928

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

326,627

586,788

Amounts owed by group undertakings

829,524

465,198

Other debtors

99,161

262,468

1,255,312

1,314,454

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

71,078

209,318

Taxation and social security

318,295

241,683

Other creditors

(135,703

)

201,647

253,670

652,648