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MĀSTAH LTD

Registered Number
12335870
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

MĀSTAH LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

BRUNAULT, Matthew Alexander, Mr.
BUTLER, Hector Charles, Mr.

Registered Address

7 Bell Yard
Bell Yard
London
WC2A 2JR

Registered Number

12335870 (England and Wales)
MĀSTAH LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3746994
746994
Current assets
Stocks433,96212,000
Debtors533,94216,069
Cash at bank and on hand43,69024,087
111,59452,156
Creditors amounts falling due within one year6(27,639)(39,351)
Net current assets (liabilities)83,95512,805
Total assets less current liabilities84,70113,799
Accruals and deferred income(800)(800)
Net assets83,90112,999
Capital and reserves
Called up share capital5,6412,466
Share premium539,332244,526
Other reserves-123,005
Profit and loss account(461,072)(356,998)
Shareholders' funds83,90112,999
The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2025, and are signed on its behalf by:
BRUNAULT, Matthew Alexander, Mr.
Director
Registered Company No. 12335870
MĀSTAH LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The accounts have been prepared on a Going Concern basis, however the ability of the company to continue to trade is dependant upon the continued support of the directors and shareholders. The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 231,6221,622
At 30 November 241,6221,622
Depreciation and impairment
At 01 December 23628628
Charge for year248248
At 30 November 24876876
Net book value
At 30 November 24746746
At 30 November 23994994
4.Stocks

2024

2023

££
Raw materials and consumables-2,000
Finished goods33,96210,000
Total33,96212,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,38613,236
Other debtors29,5562,833
Total33,94216,069
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,56816,582
Taxation and social security1,626898
Other creditors23,44521,871
Total27,63939,351
7.Contingent liabilities
Share Options Provision Management is aware that a provision may be required in respect of share-based payment arrangements. Under IFRS 2 – Share-based Payment, entities are required to recognise an expense and a corresponding provision or equity entry where share options are granted to employees or other parties, measured at fair value. At the current reporting date, the full details of the option scheme, including the number of options granted, vesting conditions, and fair value measurement inputs, are not yet available. Consequently, it is not possible to reliably determine the financial impact. In accordance with IAS 37 – Provisions, Contingent Liabilities and Contingent Assets, no provision has been recognised in these financial statements at this stage. A provision will be recognised once sufficient information becomes available to allow for a reliable measurement.