MĀStah Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12335870

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,731		746

			1,731		746
CURRENT ASSETS
Stocks	5	60,234		33,962
Debtors	6	37,486		33,942
Cash at bank and in hand		357,851		43,690

		455,571		111,594
Creditors: Amounts Falling Due Within One Year	7	(38,538 )		(28,439 )

NET CURRENT ASSETS (LIABILITIES)			417,033		83,155

TOTAL ASSETS LESS CURRENT LIABILITIES			418,764		83,901

NET ASSETS			418,764		83,901

CAPITAL AND RESERVES
Called up share capital	8		6,300		5,641
Share premium account			1,134,065		539,332
Other reserves			146		-
Profit and Loss Account			(721,747 )		(461,072 )

SHAREHOLDERS' FUNDS			418,764		83,901

Page 1

Page 2

MĀStah Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

H Butler

Director

21st August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MĀStah Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12335870 . The registered office is 7 Bell Yard, Bell Yard, London, WC2A 2JR .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The Company incurred a significant net loss during the current financial year and has accumulated losses as at the reporting date. These conditions indicate the existence of factors that may cast doubt on the Company's ability to continue as a going concern.

Notwithstanding these losses, the Directors have assessed the Company's ability to continue as a going concern and are satisfied that it remains appropriate to prepare the financial statements on a going concern basis. As at the reporting date, the Company held substantial cash reserves and maintained a significant balance in its share premium account, providing a strong capital base and sufficient liquidity to meet its operational requirements and financial obligations as they fall due.

The Directors have reviewed the Company's cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements. Based on these forecasts, the available cash resources, and the Company's ability to manage discretionary expenditure, the Directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the financial statements have been prepared on the going concern basis, which assumes that the Company will continue to realise its assets and discharge its liabilities in the normal course of business.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Page 3

Page 4

MĀStah Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 December 2024	-	1,622	1,622
Additions	220	1,030	1,250

As at 30 November 2025	220	2,652	2,872

Depreciation
As at 1 December 2024	-	876	876
Provided during the period	4	261	265

As at 30 November 2025	4	1,137	1,141

Net Book Value
As at 30 November 2025	216	1,515	1,731

As at 1 December 2024	-	746	746

Page 4

Page 5

MĀStah Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Stocks

	2025	2024
	£	£
Stock	60,234	33,962

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,036	4,386
Other debtors	17,450	29,556

	37,486	33,942

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,254	2,568
Other creditors	19,995	24,245
Taxation and social security	10,289	1,626

	38,538	28,439

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	6,300	5,641

9. Related Party Transactions

At the balance sheet date, there were loans from the director's outstanding of £19,046 (2024 - £19,258), which have been included in other creditors. These loans are interest free, unsecured and repayable on demand

Page 5