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REGISTERED NUMBER: 11137993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SOMNIUM SPACE LTD.

SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMNIUM SPACE LTD.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr A Sychov
Miss T Sychov





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 11137993 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,566,262 6,129,164
Tangible assets 5 32,230 42,214
Investments 6 3,956,038 3,157,287
7,554,530 9,328,665

CURRENT ASSETS
Debtors 7 1,076,741 171,531
Cash at bank 6,169,884 7,971,728
7,246,625 8,143,259
CREDITORS
Amounts falling due within one year 8 (190,395 ) (4,025 )
NET CURRENT ASSETS 7,056,230 8,139,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,610,760

17,467,899

CREDITORS
Amounts falling due after more than one
year

9

(3,546,970

)

(6,120,924

)
NET ASSETS 11,063,790 11,346,975

CAPITAL AND RESERVES
Called up share capital 10 1,163 1,183
Share premium 11 775,969 878,742
Retained earnings 11 10,286,658 10,467,050
SHAREHOLDERS' FUNDS 11,063,790 11,346,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Miss T Sychov - Director


SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Somnium Space 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.

Intangible fixed assets
Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets Trademarks Totals
£    £    £   
COST
At 1 February 2023 6,120,924 8,860 6,129,784
Additions - 12,360 12,360
Disposals (2,573,954 ) - (2,573,954 )
At 31 January 2024 3,546,970 21,220 3,568,190
AMORTISATION
At 1 February 2023 - 620 620
Amortisation for year - 1,308 1,308
At 31 January 2024 - 1,928 1,928
NET BOOK VALUE
At 31 January 2024 3,546,970 19,292 3,566,262
At 31 January 2023 6,120,924 8,240 6,129,164

SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 7,504 61,892 69,396
Additions - 4,949 4,949
At 31 January 2024 7,504 66,841 74,345
DEPRECIATION
At 1 February 2023 1,322 25,860 27,182
Charge for year 1,545 13,388 14,933
At 31 January 2024 2,867 39,248 42,115
NET BOOK VALUE
At 31 January 2024 4,637 27,593 32,230
At 31 January 2023 6,182 36,032 42,214

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 3,956,038 3,157,287

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,076,741 171,531

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 190,395 4,025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 3,546,970 6,120,924

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
116,258 Ordinary 1p 1,163 1,183

During the year, 2,000 1p Ordinary shares have been bought back by the company at a premium of £51.39 per share.

SOMNIUM SPACE LTD. (REGISTERED NUMBER: 11137993)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2023 10,467,050 878,742 11,345,792
Deficit for the year (180,392 ) (180,392 )
Purchase of own shares - (102,773 ) (102,773 )
At 31 January 2024 10,286,658 775,969 11,062,627