ok, prepare yourself because this is a seriously clever bit of design, executed in a beautifully understated way...this plywood and wool cot not only converts into a junior sized bed (the plywood bit with the bars on detaches to leave the felt covered bed base) but once your child grows too big for the bed, the base flips over to become an ottoman. so simple, so clever, so beautiful. love it. 

    cot bed cotbed junior bed ottoman grey felt plywood perludi babystylefile baby style file 

otto in the moon mobile cot, junior bed and ottoman, $950, perludi