| REGISTERED NUMBER: |
| NAMID LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| REGISTERED NUMBER: |
| NAMID LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| NAMID LTD (REGISTERED NUMBER: 09911024) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NAMID LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Sterling House |
| Fulbourne Road |
| Walthamstow |
| London |
| E17 4EE |
| NAMID LTD (REGISTERED NUMBER: 09911024) |
| BALANCE SHEET |
| 30 JUNE 2025 |
| 30.6.25 | 31.12.23 |
| Notes | € | € | € | € |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Investments | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NAMID LTD (REGISTERED NUMBER: 09911024) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| 1. | STATUTORY INFORMATION |
| Namid Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in Euro being the most relevant currency for the company. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in associates are accounted for at cost less impairment in the individual financial statements. |
| Taxation |
| Taxation for the period 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 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Investments |
| Investment comprise investments in quoted equity and bonds which are measured at fair value. Changes in fair value are recognised in profit or loss though movement in fair value reserve shown in statement of comprehensive income. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| NAMID LTD (REGISTERED NUMBER: 09911024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| € |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 31 December 2023 |
| The Company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated company |
| Registered office: Switzerland |
| Nature of business: |
| % |
| Class of shares: | holding |
| 30.6.25 | 31.12.23 |
| € | € |
| Aggregate capital and reserves |
| Profit for the period/year |
| 5. | CURRENT ASSET INVESTMENTS |
| 30.6.25 | 31.12.23 |
| € | € |
| Other investments | 542,618 | - |
| Market value of listed investments at 30 June 2025 - € 542,618 . |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.25 | 31.12.23 |
| € | € |
| Other creditors |
| Directors' current accounts | 75,543 | 52,481 |
| Accrued expenses |
| NAMID LTD (REGISTERED NUMBER: 09911024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.25 | 31.12.23 |
| value: | € | € |
| Ordinary B | €1 | 286,797 | 286,797 |
| Allotted and issued: |
| Number: | Class: | Nominal | 30.6.25 | 31.12.23 |
| value: | € | € |
| Share capital - Ordinary A | €1 | 99 | 99 |
| 8. | ULTIMATE CONTROLLING PARTY |
| Nimad Limited, the company incorporated in cyprus having company registration number HE469010, controls the company as a result of holding 100 percent of the voting rights of the issued share capital. |