SLEEPHAPPY LIMITED - Accounts to registrar (filleted) - small 18.2

SLEEPHAPPY LIMITED - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC587922(Scotland)













Unaudited Financial Statements

for the Period

7 February 2018 to 31 July 2019

for

SLEEPHAPPY LIMITED

SLEEPHAPPY LIMITED (Registered number: SC587922)






Contents of the Financial Statements
for the Period 7 February 2018 to 31 July 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SLEEPHAPPY LIMITED

Company Information
for the Period 7 February 2018 to 31 July 2019







DIRECTOR: A M Richardson





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
EH7 4HG





REGISTERED NUMBER: SC587922(Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

SLEEPHAPPY LIMITED (Registered number: SC587922)

Balance Sheet
31 July 2019

Notes £   
CURRENT ASSETS
Cash at bank 603

CREDITORS
Amounts falling due within one year 4 2,178
NET CURRENT LIABILITIES (1,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,575

)

CAPITAL AND RESERVES
Called up share capital 5 100
Retained earnings 6 (1,675 )
SHAREHOLDERS' FUNDS (1,575 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 October 2019and were signed by:





A M Richardson- Director


SLEEPHAPPY LIMITED (Registered number: SC587922)

Notes to the Financial Statements
for the Period 7 February 2018 to 31 July 2019

1. STATUTORY INFORMATION

SLEEPHAPPY LIMITED is a private company, limited by shares, registered in Scotland. 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on
the continued support of the director and parent company.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured
at their settlement value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into accounts the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1.

SLEEPHAPPY LIMITED (Registered number: SC587922)

Notes to the Financial Statements - continued
for the Period 7 February 2018 to 31 July 2019

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 2,178

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100Ordinary shares of £1 each were allotted and fully paid for cash at parduring the period.

6. RESERVES
Retained
earnings
£   

Deficit for the period (1,675 )
At 31 July 2019 (1,675 )

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 July 2019 the company owed the director £162.

8. RELATED PARTY DISCLOSURES




Related party


Type of
transaction


Movement in the
period ended 31.7.19
Balance receivable
from/(payable to)
related party as at
31.7.19
£ £

E-Reserve
Holdings Limited

Loan

(1,356)

(1,356)

Sleephappy Limited is a 100% subsidiary of E-Reserve Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

Sleephappy Limited is the wholly owned subsidiary of E-Reserve Holdings Limited.

A M Richardson is the majority shareholder of E-Reserve Holdings Limited and is the ultimate controlling
interest of Sleephappy Limited.