IRIS Accounts Production v25.1.4.42 09911024 Board of Directors 1.1.24 30.6.25 30.6.25 false true false false false true false Ordinary B 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099110242023-12-31099110242025-06-30099110242024-01-012025-06-30099110242022-12-31099110242023-01-012023-12-31099110242023-12-3109911024ns15:EnglandWales2024-01-012025-06-3009911024ns14:Euro2024-01-012025-06-3009911024ns10:Director12024-01-012025-06-3009911024ns10:PrivateLimitedCompanyLtd2024-01-012025-06-3009911024ns10:SmallEntities2024-01-012025-06-3009911024ns10:AuditExempt-NoAccountantsReport2024-01-012025-06-3009911024ns10:SmallCompaniesRegimeForAccounts2024-01-012025-06-3009911024ns10:FullAccounts2024-01-012025-06-3009911024ns5:Associate12024-01-012025-06-3009911024ns10:OrdinaryShareClass22024-01-012025-06-3009911024ns10:OrdinaryShareClass12024-01-012025-06-3009911024ns10:Director32024-01-012025-06-3009911024ns10:Director42024-01-012025-06-3009911024ns10:RegisteredOffice2024-01-012025-06-3009911024ns5:CurrentFinancialInstruments2025-06-3009911024ns5:CurrentFinancialInstruments2023-12-3109911024ns5:ShareCapital2025-06-3009911024ns5:ShareCapital2023-12-3109911024ns5:RetainedEarningsAccumulatedLosses2025-06-3009911024ns5:RetainedEarningsAccumulatedLosses2023-12-3109911024ns5:CostValuation2023-12-3109911024ns5:AdditionsToInvestments2025-06-3009911024ns5:DisposalsRepaymentsInvestments2025-06-3009911024ns5:CostValuation2025-06-3009911024ns5:Associate112024-01-012025-06-3009911024ns5:Associate12025-06-3009911024ns5:Associate12023-12-3109911024ns5:Associate12023-01-012023-12-3109911024ns10:OrdinaryShareClass22025-06-3009911024ns10:OrdinaryShareClass12025-06-30
REGISTERED NUMBER: 09911024 (England and Wales)












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: Mr D Angelis
Mr H Dexiades
Miss M Anemou





REGISTERED OFFICE: Sterling House
Fulbourne Road
London
E17 4EE





REGISTERED NUMBER: 09911024 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
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 26,473,102 13,685,210

CURRENT ASSETS
Investments 5 542,618 -
Cash at bank 157,134 1,202,123
699,752 1,202,123
CREDITORS
Amounts falling due within one year 6 87,543 514,177
NET CURRENT ASSETS 612,209 687,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,085,311

14,373,156

CAPITAL AND RESERVES
Called up share capital 7 286,896 286,896
Retained earnings 26,798,415 14,086,260
SHAREHOLDERS' FUNDS 27,085,311 14,373,156

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the Company to obtain an audit of its financial statements for the period ended 30 June 2025 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.

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 24 July 2025 and were signed on its behalf by:





Mr D Angelis - Director


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 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.

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 3 (2023 - 2 ) .

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 13,685,210
Additions 26,473,102
Disposals (13,685,210 )
At 30 June 2025 26,473,102
NET BOOK VALUE
At 30 June 2025 26,473,102
At 31 December 2023 13,685,210

The Company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

BETA CAE SYSTEMS INTERNATIONAL AG
Registered office: Switzerland
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 25.00
30.6.25 31.12.23
€    €   
Aggregate capital and reserves - 73,231,621
Profit for the period/year - 20,094,768

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 - 458,926
Directors' current accounts 75,543 52,481
Accrued expenses 12,000 2,770
87,543 514,177

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: €    €   
286,797 Ordinary B €1 286,797 286,797

Allotted and issued:
Number: Class: Nominal 30.6.25 31.12.23
value: €    €   
99 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.