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REGISTERED NUMBER: SC147189 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NAMAST LIMITED

NAMAST LIMITED (REGISTERED NUMBER: SC147189)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAMAST LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Mrs B Formisano





SECRETARY: Mrs B Formisano





REGISTERED OFFICE: 588 Glasgow Road
Clydebank
Glasgow
G81 1NH





REGISTERED NUMBER: SC147189 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

NAMAST LIMITED (REGISTERED NUMBER: SC147189)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 701,800 702,118

CURRENT ASSETS
Debtors 5 13,953 3,835
Cash at bank 6,441 7,676
20,394 11,511
CREDITORS
Amounts falling due within one year 6 37,032 23,802
NET CURRENT LIABILITIES (16,638 ) (12,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,162

689,827

CREDITORS
Amounts falling due after more than one year 7 160,814 175,395
NET ASSETS 524,348 514,432

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 335,079 335,079
Retained earnings 179,269 169,353
SHAREHOLDERS' FUNDS 524,348 514,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

NAMAST LIMITED (REGISTERED NUMBER: SC147189)

BALANCE SHEET - continued
31 January 2024


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 director and authorised for issue on 31 January 2025 and were signed by:





Mrs B Formisano - Director


NAMAST LIMITED (REGISTERED NUMBER: SC147189)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Namast 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 701,800 1,272 703,072
DEPRECIATION
At 1 February 2023 - 954 954
Charge for year - 318 318
At 31 January 2024 - 1,272 1,272
NET BOOK VALUE
At 31 January 2024 701,800 - 701,800
At 31 January 2023 701,800 318 702,118

NAMAST LIMITED (REGISTERED NUMBER: SC147189)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2021 266,283 - 266,283
Cost 435,517 1,272 436,789
701,800 1,272 703,072

If freehold property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 428,607 428,607
Aggregate depreciation 68,796 68,796

Value of land in freehold land and buildings 359,811 359,811

Freehold property was valued on an open market basis on 31 January 2021 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,412 3,835
Other debtors 3,541 -
13,953 3,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 14,654 14,588
Trade creditors (1 ) 1
Taxation and social security 3,759 2,156
Other creditors 18,620 7,057
37,032 23,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 160,814 175,395

NAMAST LIMITED (REGISTERED NUMBER: SC147189)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 111,364 122,358

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 175,468 189,983

Bank of Scotland hold a bond & floating charge over all property and assets present and future of the company, including uncalled capital.

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 335,079

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S Formisano
Balance outstanding at start of year (956 ) 978
Amounts advanced 1,043 216
Amounts repaid - (2,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87 (956 )

At 31/01/2024 an amount of £87 was owed to the company by Mr S Formisano. Mr Formisano was a director of the company until 11th May 2023. The loan is interest free with no fixed date for repayment and is disclosed in other debtors.

11. ULTIMATE CONTROLLING PARTY

Mr S Formisano is considered to be the ultimate controlling party.