Happerley Limited
Happerley Limited
Registered number: 9101438
Financial Statements
For The Year Ended 30 June 2023
DJ Coulter & Associates Limited
Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Happerley Limited
Financial Statements
For The Year Ended 30 June 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountants' Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—7 |
Happerley Limited
Accountants' Report
For The Year Ended 30 June 2023
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of
Happerley Limited
For The Year Ended 30 June 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Happerley Limited
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Happerley Limited
, as a body, in accordance with the terms of our engagement letter dated 02 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of
Happerley Limited
and state those matters that we have agreed to state to the directors of
Happerley Limited
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Happerley Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Happerley Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Happerley Limited
. You consider that
Happerley Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
Happerley Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Certified Accountants
7 Clarence Parade
Cheltenham
GL50 3NY
Happerley Limited
Balance Sheet
As At
30 June 2023
Balance Sheet
Registered number:
9101438
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (593,216) | (598,573) | |||
Happerley Limited
Balance Sheet (continued)
As At
30 June 2023
On behalf of the board
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Director
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The notes on pages 4 to 7 form part of these financial statements.
Happerley Limited
Notes to the Financial Statements
For The Year Ended 30 June 2023
Notes to the Financial Statements
1.
General Information
Happerley Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
9101438
. The registered office is Willow Hill Farm, School Lane, Apperley, Gloucestershire, GL19 4DJ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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2.5.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Happerley Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2023
2.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
4.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at 1 July 2022 |
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| Disposals |
( |
| As at 30 June 2023 |
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| Depreciation | |
| As at 1 July 2022 |
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| Provided during the period |
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| Disposals |
( |
| As at 30 June 2023 |
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| Net Book Value | |
| As at 30 June 2023 |
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| As at 1 July 2022 |
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5.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at 1 July 2022 |
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| Disposals |
( |
| As at 30 June 2023 |
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| Provision | |
| As at 1 July 2022 |
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| As at 30 June 2023 |
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| Net Book Value | |
| As at 30 June 2023 |
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| As at 1 July 2022 |
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Happerley Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2023
The company holds 90% of the shares in Happerley Kitchen Gardens Limited a private limited company. Happerley Kitchen Gardens Limited has now been dissolved.
6.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| VAT |
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7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax | - |
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| Other taxes and social security |
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| Net wages | 2,814 | 2,814 | |
| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Bank loans |
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| Directors loan account | - |
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Happerley Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2023
10.
Related Party Transactions
The Marketing Farm Limited
A company of which the director and 50% shareholder Matthew Rymer is also a director and 90% shareholder.
During the year the company received invoices for services from The Marketing Farm of £Nil (2022: £21,000).
As at the Balance Sheet date the company owed £9,000 (2022 £9,000) to The Marketing Farm Limited.
These transactions were for services received and were at an arms length commercial basis.
11.
Controlling Party
The company's ultimate controlling party is
Matthew Rymer
by virtue of his ownership of 90% of the issued share capital in the company.