Namsa One Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 12450003 (England and Wales)
Namsa One Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Namsa One Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
850
1,704
Cash at bank and in hand
117
1,363
967
3,067
Creditors: amounts falling due within one year
3
(1,501)
(2,000)
Net current (liabilities)/assets
(534)
1,067
Creditors: amounts falling due after more than one year
4
(5,300)
Net (liabilities)/assets
(5,834)
1,067
Capital and reserves
Called up share capital
5
850
850
Profit and loss reserves
(6,684)
217
Total equity
(5,834)
1,067
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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 13 August 2024 and are signed on its behalf by:
D Van Zyl
Director
Company Registration No. 12450003
Namsa One Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information
Namsa One Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
1.4
Financial instruments
Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.
1.5
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.
2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
299
Other debtors
850
1,405
850
1,704
Namsa One Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 3
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
301
Accruals and deferred income
1,200
2,000
1,501
2,000
4
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
5,300
-
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary of 10p each
8,500
8,500
850
850
6
Related party transactions
Included within other creditors is £5,300 (2022: £Nil) owed to a Director of the company.