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REGISTERED NUMBER: 02824857 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

NAMASTE OF LONDON LIMITED

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

NAMASTE OF LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: C Todiwala
Mrs P C Todiwala
J Todiwala
H Todiwala



SECRETARY: C Todiwala



REGISTERED OFFICE: 29 Welbeck Street
London
W1G 8DA



REGISTERED NUMBER: 02824857 (England and Wales)



ACCOUNTANTS: Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA



BANKERS: Barclays Bank PLC
PO Box 6193
Basingstoke
Berkshire
RG21 3RX

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,131 2,840
Investments 5 16,047 16,047
18,178 18,887

CURRENT ASSETS
Debtors 6 23,714 197,989
Cash at bank 6,429 26,341
30,143 224,330
CREDITORS
Amounts falling due within one year 7 9,617 15,657
NET CURRENT ASSETS 20,526 208,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,704

227,560

CREDITORS
Amounts falling due after more than one
year

8

26,050

34,722
NET ASSETS 12,654 192,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,554 192,738
SHAREHOLDERS' FUNDS 12,654 192,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

BALANCE SHEET - continued
31 JULY 2023


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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mrs P C Todiwala - Director


NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Namaste of London 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Improvement to property 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Trade and other debtors
Trade debtors are amounts due from customers for services provided in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 6,000 18,453 24,453
DEPRECIATION
At 1 August 2022 5,986 15,627 21,613
Charge for year 3 706 709
At 31 July 2023 5,989 16,333 22,322
NET BOOK VALUE
At 31 July 2023 11 2,120 2,131
At 31 July 2022 14 2,826 2,840

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 1,047 1,047
Other loans 15,000 15,000
16,047 16,047

Additional information is as follows:
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1,047
NET BOOK VALUE
At 31 July 2023 1,047
At 31 July 2022 1,047
Other
loans
£   
At 1 August 2022
and 31 July 2023 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,214 9,425
Amounts owed by associates - 168,064
Other debtors 5,000 5,000
Prepayments and accrued income 15,500 15,500
23,714 197,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 246 4,219
Taxation and social security 631 3,811
Other creditors 8,740 7,627
9,617 15,657

NAMASTE OF LONDON LIMITED (REGISTERED NUMBER: 02824857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 26,050 34,722

9. RELATED PARTY DISCLOSURES

During the year the company is owed £Nil (2022: £168,064) by other related parties.

10. ULTIMATE CONTROLLING PARTY

The director, C. Todiwala, is the controlling party by virtue of his shareholdings.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NAMASTE OF LONDON LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Namaste of London Limited for the year ended 31 July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Namaste of London Limited, as a body, in accordance with the terms of our engagement letter dated 1 February 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Namaste of London Limited and state those matters that we have agreed to state to the Board of Directors of Namaste of London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Namaste of London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Namaste of London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Namaste of London Limited. You consider that Namaste of London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Namaste of London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA


16 April 2024