| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| for |
| Hush Sleep Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| for |
| Hush Sleep Limited |
| Hush Sleep Limited (Registered number: 10810999) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Hush Sleep Limited |
| Company Information |
| for the Year Ended 30 June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 123 Pall Mall |
| St. James's |
| London |
| SW1Y 5EA |
| Hush Sleep Limited (Registered number: 10810999) |
| Balance Sheet |
| 30 June 2024 |
| 30.6.24 | 30.6.23 |
| Notes | $ | $ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the director and authorised for issue on |
| Hush Sleep Limited (Registered number: 10810999) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2024 |
| 1. | STATUTORY INFORMATION |
| Hush Sleep Limited is a |
| The presentation currency of the financial statements is the US Dollar ($). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash in hand and cash held on demand with banks. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company does not have long term creditors. |
| Loans and borrowings |
| Loans and borrowing are recognized initially at fair value, net of transaction costs incurred and subsequently carried at amortized cost using the effective interest method. |
| Going concern |
| The company's ability to continue as a going concern is contingent on the willingness of the shareholders to provide financing to the company. The shareholders have expressed their willingness to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its current liabilities. The directors therefore continue to adopt the going concern basis of accounting. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| Hush Sleep Limited (Registered number: 10810999) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| $ |
| COST |
| At 1 July 2023 |
| Additions |
| At 30 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for year |
| At 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 June 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| $ |
| COST |
| At 1 July 2023 |
| and 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 June 2023 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Blue Sleep Limited |
| Registered Office: Russia |
| Nature of business: Retails |
| Shareholding: 100% |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.24 | 30.6.23 |
| $ | $ |
| Amounts owed by group undertakings |
| Other debtors |
| Called up share capital not paid |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.24 | 30.6.23 |
| $ | $ |
| Amounts owed to group undertakings |
| Other creditors |
| Directors' current accounts | 13,016 | 159 |
| Accrued expenses |
| Hush Sleep Limited (Registered number: 10810999) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Share capital is classified as equity. |
| Reserves are formed of retained earnings. |
| 9. | RELATED PARTY DISCLOSURES |
| Included in Debtors and Creditors are the following balances due from/to related parties: |
| 30.06.2024 | 30.06.2023 |
| $ | $ |
| Blue Sleep Limited | 570,000 | 1,580,085 |
| Intermark Corporate Services Limited | (10,185) | (10,185) |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |