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REGISTERED NUMBER: 10810999 (England and Wales)












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: M Hamilford





REGISTERED OFFICE: 51 Addison Road
London
W14 8JJ





REGISTERED NUMBER: 10810999 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
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 1,853 1,548
Investments 5 159 159
2,012 1,707

CURRENT ASSETS
Debtors 6 572,953 1,831,269
Cash at bank 6,365 42,445
579,318 1,873,714
CREDITORS
Amounts falling due within one year 7 (29,100 ) (19,003 )
NET CURRENT ASSETS 550,218 1,854,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,230

1,856,418

CAPITAL AND RESERVES
Called up share capital 8 1,476 2,410
Share premium 1,367,983 2,456,916
Retained earnings (817,229 ) (602,908 )
SHAREHOLDERS' FUNDS 552,230 1,856,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 26 June 2025 and were signed by:





M Hamilford - Director


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 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.

The presentation currency of the financial statements is the US Dollar ($).


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.

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.
Plant and machinery etc - 20% on cost

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 3,223
Additions 1,117
At 30 June 2024 4,340
DEPRECIATION
At 1 July 2023 1,675
Charge for year 812
At 30 June 2024 2,487
NET BOOK VALUE
At 30 June 2024 1,853
At 30 June 2023 1,548

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
At 1 July 2023
and 30 June 2024 159
NET BOOK VALUE
At 30 June 2024 159
At 30 June 2023 159

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 570,000 1,580,085
Other debtors 2,953 2,953
Called up share capital not paid - 248,231
572,953 1,831,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
$    $   
Amounts owed to group undertakings 10,185 10,185
Other creditors 516 5,300
Directors' current accounts 13,016 159
Accrued expenses 5,383 3,359
29,100 19,003

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 M Hamilford.