Company Registration No. 10431870 (England and Wales)
LOMBOK INVESTMENTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
19th Floor
1 Westfield Avenue
London
E20 1HZ
LOMBOK INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LOMBOK INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2024
Notes
£
£
£
£
Fixed assets
Investments
4
3,111
1,435
Current assets
Debtors
5
5
5
Creditors: amounts falling due within one year
6
(4,447)
(1,435)
Net current liabilities
(4,442)
(1,430)
Total assets less current liabilities
(1,331)
5
Capital and reserves
Called up share capital
7
7
7
Share premium account
8
31,502,143
31,502,143
Profit and loss reserves
(31,503,481)
(31,502,145)
Total equity
(1,331)
5

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 1 October 2025 and are signed on its behalf by:
Mr K C R Hewkin
Director
Company Registration No. 10431870
LOMBOK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Lombok Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 376 London Road, High Wycombe, HP11 1LH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Lombok Investments Limited is a wholly owned subsidiary of Sleep Brands Limited and the results of Lombok Investments Limited are included in the consolidated financial statements of Sleep Brands Limited which are available from Wye House, 376 London Road, High Wycombe, Buckinghamshire, England, HP11 1LH.

1.2
Going concern

The directors consider the company to be a going concern due to their continued funding and support of the business. The recent share restructure means there is continuing support from the group companies.

1.3
Reporting period

The current period has been shortened to 31 December 2024 meaning the reporting period covers a period of 11 months.

1.4
Profit and loss account

The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

LOMBOK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

LOMBOK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2024
Number
Number
Total
3
2
4
Fixed asset investments
2024
2024
£
£
Shares in group undertakings and participating interests
3,111
1,435
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 February 2024
1,435
Additions
3,012
Write off
(1,336)
At 31 December 2024
3,111
Carrying amount
At 31 December 2024
3,111
At 31 January 2024
1,435

Additions in investment held in the year relates to 100% owned subsidiary, Swyft Home Europe Spolka Z o.o (previously known as Semportille Investments Ltd) registered in Poland.

LOMBOK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
5
Debtors
2024
2024
Amounts falling due within one year:
£
£
Other debtors
5
5
6
Creditors: amounts falling due within one year
2024
2024
£
£
Amounts owed to group undertakings
4,447
1,435
7
Called up share capital
2024
2024
£
£
Ordinary share capital
Issued and fully paid
1,000,000 A Ordinary shares of 0.0001p each
1
1
3,000,000 B Ordinary shares of 0.0001p each
3
3
1,000,000 C Ordinary shares of 0.0001p each
1
1
5
5
Preference share capital
Issued and fully paid
967,252 A2 Preferred Shares of 0.0001p each
1
1
1,138,786 B Preferred Shares 2 of 0.0001p each
1
1
2
2
Preference shares classified as equity
2
2
Total equity share capital
7
7
8
Share premium account
2024
2024
£
£
At the beginning of the period
31,502,143
31,502,143
Issue of new shares
-
0
-
0
At the beginning and end of the period
31,502,143
31,502,143
LOMBOK INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 6 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Richard Lane
Statutory Auditor:
Affinia (Stratford)
Date of audit report:
1 October 2025
10
Parent company

On 26 April 2024, Lombok Investments limited underwent a share restructure, whereby Sleep Brands Limited now owns more than 75% of the issued share capital in Lombok Investments Limited and is the new ultimate controlling party.

11
Charges

Within the period, fixed and floating charges held by industrial lending 1 S.A. were satisfied on 8 May 2024, fixed and floating charges held by White Oak No.6 Limited were satisfied on 21 May 2024.

At the balance sheet date there are no remaining charges held over the company.

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