REGISTERED NUMBER: SC147189 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NAMAST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B Formisano

S Formisano

SECRETARY:

Mrs B Formisano

REGISTERED OFFICE:

582 Glasgow Road

Clydebank

Glasgow

G81 1NH

REGISTERED NUMBER:

SC147189 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

701,800

701,800

CURRENT ASSETS

Debtors

5

22,401

24,266

Cash at bank

7,474

4,266

29,875

28,532

CREDITORS

Amounts falling due within one year

6

34,594

34,741

NET CURRENT LIABILITIES

(4,719

)

(6,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

697,081

695,591

CREDITORS

Amounts falling due after more than one year

7

129,573

146,011

NET ASSETS

567,508

549,580

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation reserve

9

335,079

335,079

Retained earnings

222,429

204,501

SHAREHOLDERS' FUNDS

567,508

549,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 13 August 2026 and were signed on its behalf by:

S Formisano - Director

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

and 31 January 2026

701,800

1,272

703,072

DEPRECIATION

At 1 February 2025

and 31 January 2026

-

1,272

1,272

NET BOOK VALUE

At 31 January 2026

701,800

-

701,800

At 31 January 2025

701,800

-

701,800

Cost or valuation at 31 January 2026 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:

31.1.26

31.1.25

£

£

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

31.1.26

31.1.25

£

£

Trade debtors

13,466

17,719

Other debtors

8,935

6,547

22,401

24,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

13,000

14,562

Trade creditors

2,367

-

Taxation and social security

11,924

9,963

Other creditors

7,303

10,216

34,594

34,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

129,573

146,011

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

77,574

101,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

142,573

160,573

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 2025

and 31 January 2026

335,079

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

S Formisano

Balance outstanding at start of year

(6,590

)

87

Amounts advanced

1,728

4,386

Amounts repaid

-

(11,063

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,862

)

(6,590

)

At 31/01/2026, an amount of £4,861 was owed to Mr & Mrs Formisano by the company (2025 - £6,590). The loan is interest free with no fixed date for repayment and is disclosed in other creditors.

11.	ULTIMATE CONTROLLING PARTY

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