Company No: 15417412 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026		31.01.2025
		£		£
Fixed assets
Tangible assets	3	603,384		373,973
		603,384		373,973
Current assets
Debtors	4	4,158		13,575
Cash at bank and in hand		3,067		41
		7,225		13,616
Creditors: amounts falling due within one year	5	( 115,148)		( 395,785)
Net current liabilities		(107,923)		(382,169)
Total assets less current liabilities		495,461		(8,196)
Creditors: amounts falling due after more than one year	6	( 351,495)		0
Provision for liabilities		( 36,000)		0
Net assets/(liabilities)		107,966		( 8,196)
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account	8	107,965		( 8,197 )
Total shareholder's funds/(deficit)		107,966		( 8,196)

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sleeping Moon Limited (registered number: 15417412) were approved and authorised for issue by the Director on 28 October 2026. They were signed on its behalf by:

E Whittow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Sleeping Moon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of rental income receivable in the ordinary course of the company's activities. The company recognises revenue in the period to which it relates with accrued and deferred income being adjusted as necessary.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Investment property	not depreciated
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Year ended 31.01.2026		Period from 16.01.2024 to 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Investment property		Fixtures and fittings		Total
	£		£		£
Cost
At 01 February 2025	373,973		0		373,973
Additions	52,488		3,797		56,285
Revaluations	173,539		0		173,539
At 31 January 2026	600,000		3,797		603,797
Accumulated depreciation
At 01 February 2025	0		0		0
Charge for the financial year	0		413		413
At 31 January 2026	0		413		413
Net book value
At 31 January 2026	600,000		3,384		603,384
At 31 January 2025	373,973		0		373,973

Investment properties

During the year, the director has revalued the investment property to £600,000 (2025: £379,973), based on a valuation undertaken by the director on an open market basis.

The historic cost of the investment property was: £426,461 (2025: £373,973).

4. Debtors

	31.01.2026		31.01.2025
	£		£
Prepayments	693		1,063
VAT recoverable	0		12,512
Other debtors	3,465		0
	4,158		13,575

5. Creditors: amounts falling due within one year

	31.01.2026		31.01.2025
	£		£
Trade creditors	3,696		0
Amounts owed to director	104,570		393,682
Accruals	2,825		2,103
Other taxation and social security	592		0
Other creditors	3,465		0
	115,148		395,785

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

	31.01.2026		31.01.2025
	£		£
Bank loans (secured)	351,495		0

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.01.2026		31.01.2025
	£		£
Bank loans (secured)	351,495		0

The bank loan is secured on freehold property of the Company.

7. Called-up share capital

	31.01.2026		31.01.2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

8. Reserves

Non-distributable Reserves

Included within the company's profit and loss account are non-distributable reserves which comprise of unrealised gains and losses on investments held at fair value, together with any deferred tax provided on these unrealised amounts. The total non-distributable reserve at the year end is £107,966.