LAMY Form 10-K

 false 2024 FY 0001939937

 2023-11-30

 2022-05-31

 2022-05-31

 2022-05-31

 2022-05-31

 2022-05-01
 2022-05-22

 2022-05-01
 2022-05-26

 2022-02-01
 2022-02-28

 LAMY:Loan1Member

 2022-02-01
 2022-02-02

 LAMY:Loan1Member

 LAMY:Loan2Member

 2022-05-24
 2022-05-25

 LAMY:Loan2Member

 LAMY:Loan3Member

 2022-10-10
 2022-10-11

 LAMY:Loan3Member

 2024-02-29

 LAMY:Loan4Member

 2024-05-01

 LAMY:RelatedPartyTransactionsMember

 LAMY:RelatedPartyTransactionsMember

 LAMY:NotePayableOthersMember

 LAMY:SmartyPantsMember

 2022-05-26

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 LAMY:NotePayableOthersMember

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended May 31, 2024

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from ___________ to ___________

 Commission File No. 000-56599

 (Exact name of registrant as specified in its charter)

 LAMY

 Wyoming

 37-2039216

 (State or Other Jurisdiction of Incorporation or Organization)

 (IRS Employer Identification Number)

 201 Allen Street, Unit 10104, New York City, New York 10002

 8200

 (Address of principal executive offices)

 (Primary Standard Industrial Classification Code Number)

 657 - 315-8312
Registrant's telephone number, including area code:

 Securities registered pursuant to Section 12(b) of the Act:

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 Common Stock

 N/A

 N/A

 Securities registered pursuant to Section 12(g) of the Act: None

 Indicate by check mark whether the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act. Yes No

 Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
 No

(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes No

has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company",
and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging Growth company

 If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.

has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial
reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or
issued its audit report. Yes No

 If securities are registered pursuant to Section
12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction
of an error to previously issued financial statements.

 Indicate by check mark whether any of those error
corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's
executive officers during the relevant recovery period pursuant to §240.10D-1(b).

is a shell company (as defined in Rule 12b-2 of the Act) Yes No

 As of May 31, 2024, the registrant had 7,777,000
shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has
been established as of May 31, 2024.

 ITEM 1

 Description of Business

 ITEM 1A

 Risk Factors

 ITEM 1C

 Cybersecurity

 ITEM 2

 Description of Property

 ITEM 3

 Legal Proceedings

 ITEM 4

 Mine Safety Disclosures

 ITEM 5

 Market for Common Equity and Related Stockholder Matters

 ITEM 6

 Selected Financial Data

 ITEM 7

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 ITEM 7A

 Quantitative and Qualitative Disclosures about Market Risk

 ITEM 8

 Financial Statements and Supplementary Data

 ITEM 9

 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

 ITEM 9A

 Controls and Procedures

 ITEM 9B

 Other Information

 ITEM 10

 Directors, Executive Officers, Promoters and Control Persons of the Company

 ITEM 11

 Executive Compensation

 ITEM 12

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 ITEM 13

 Certain Relationships and Related Transactions

 ITEM 14

 Principal Accountant Fees and Services

 ITEM 15

 Exhibits, Financial Statement Schedules

 ITEM 16

 Form 10-K Summary

 Signatures

 i

 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 This Annual Report on Form 10-K (this
"Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and the Private Securities Litigation Reform Act of 1995. The statements contained in this report that are not purely historical
are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management's
expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts
or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The
words "anticipates," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "possible," "potential," "predict,"
"project," "should," "would" and similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this report may include,
for example, statements about:

 our ability to select an appropriate target business or businesses;

 our ability to complete our initial business combination;

 our expectations around the performance of the prospective target business
or businesses;

 our success in retaining or recruiting, or changes required in, our
officers, key employees or directors following our initial business combination;

 our officers and directors allocating their time to other businesses
and potentially having conflicts of interest with our business or in approving our initial business combination, as a result of which
they would then receive expense reimbursements;

 our potential ability to obtain additional financing to complete our
initial business combination;

 our pool of prospective target businesses in the life sciences industry;

 the ability of our officers and directors to generate a number of potential
acquisition opportunities;

 our public securities' potential liquidity and trading;

 the lack of a market for our securities;

 the use of proceeds not held in the trust account or available to us
from interest income on the trust account balance;

 the trust account not being subject to claims of third parties; or

 our financial performance following our initial public offering.

 The forward-looking statements contained in this
report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be
no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include,
but are not limited to, those factors described under the heading "Risk Factors." Should one or more of these risks or uncertainties
materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these
forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required under applicable securities laws.

 ii

Item 1. DESCRIPTION OF BUSINESS

 The Company was incorporated in Wyoming in January of 2022. We are a startup developing
a business taping the eLearning market and the gaming market by teaching financial knowledge and resource management to children. The
product is to be delivered through an educational platform and, in particular, a video game marketed as which
for a competitive subscription fee will provide an immersive learning experience in finance and real estate. The game will a number of
revenue-generating features deployed in the game, including a possibility to trade virtual property from which LAMY intends to generate
monetary commissions.

 Our business has not suffered any bankruptcy, receivership or similar proceeding at any time. There have not been any material reclassification,
merger, consolidation, or purchase or sale of a significant amount of assets in or out of the ordinary course of business.

The business model of our Company is deploying new technologies and trying to use innovations to reduce costs, gain competitive advantages
to significantly affect the overcoming the inertia of developing economies. The relatively small costs for starting our business, ease
of launching and being "closer" to the client than larger companies lower the barrier to creating and penetrating into the
already narrow niche of numerous competitors in our target markets.

 Please use the following link to our registration statement that includes the full discussion of the general development of the business.

 To buttress our steady development in March of 2023, LAMY has brought
on board a new executive officer, Mr. Stephen Townsend. Mr. Townsend is an officer with extensive experience in the fields of finance and real estate. He
now commands our key executive operations. This addition contributed to the start of the production new revenue generating features on
our platform.

 We have trademark protected of brand in the United Kingdom, and are
in the process of doing the same in other key regions.

 We are not in need for any government approval of principal products or services we provide.

 LAMY's Registration Statement was declared effective by the Securities and Exchange Commission on February 13, 2023. This was followed
by our initial offering of the Company's stock of shares. The initial offering concluded in May of 2023.

 Item 1A. Risk Factors

 Not applicable to smaller reporting companies.

 Item 1C. Cybersecurity.

 None

 Item 2. Description of Property

 In the US our executive offices are located at
201 Allen Street Unit 10104 New York, New York 10002. In the United Kingdom at 10
Sextons House, Bardsley Lane, London, SE10 9RQ. Other office spaces are currently being considered for our operations.

 Item 3. Legal Proceedings

 We are not subject to any material legal proceedings,
nor, to our knowledge, is any material legal proceeding threatened against us or any of our officers or directors.

 Item 4. Mine Safety Disclosures.

 None.

 Item 5. Market for Common Equity and Related
Stockholder Matters

 (a) Market Information

 There was no established public trading market for our common shares during the
given reporting period, year ending May 31, 2024.

 (b) Holders

 As of May 31, 2024, there were approximately 30
holders of record of our shares of Class A common stock, holding the total of 7,777,000 shares.

 (c) Dividend Policy

 We have never declared or paid any cash dividends
on our common stock to date and do not intend to pay cash dividends. We anticipate that we will retain all available funds and any future
earnings, if any, for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future. In addition,
future debt instruments may materially restrict our ability to pay dividends on our common stock. Payment of future cash dividends, if
any, will be at the discretion of the board of directors after taking into account various factors, including our financial condition,
operating results, current and anticipated cash needs, the requirements of then-existing debt instruments and other factors the board
of directors deems relevant.

 (d) Securities Authorized for Issuance Under Equity
Compensation Plans

 On March 16, 2023, an amount of 250,000 shares were granted to Mr.
Stephen Townsend, in a stock-based payment of $2,500 for his executive services. No stock-based payment was issued during the year ended
May 31, 2024.

 (e) Performance Graph

 The performance graph has been omitted as permitted
under rules applicable to smaller reporting companies.

 (f) Recent Sales of Unregistered
Securities

 There were no recent sales of unregistered shares.

 Item 6. [Reserved].

 Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations

 The following discussion should be read in conjunction
with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains
forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those
discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared
in accordance with United States Generally Accepted Accounting Principles.

 RESULTS OF OPERATIONS

 We have incurred recurring losses to date. Our
financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments
relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable
to continue operations.

 We expect we will require additional capital to
meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt
securities.

 FISCAL YEAR ENDED MAY 31, 2024 COMPARED TO FISCAL
YEAR ENDED MAY 31, 2023.

 Our net loss for the fiscal year ended May 31,
2024 is $25,807 compared to a net loss of $56,421 during the fiscal year ended May 31, 2023. The company generated $11,500 in revenue
during the year ended May 31, 2024 as compared to $0 revenue during the fiscal year ended May 31, 2023.

 During the fiscal year ended May 31, 2024, we
incurred legal and professional fees of $17,269, depreciation & amortization expense of $14,700, Interest expense of $5,656 and general
and administrative expense of $118 compared to legal and professional fees of $33,545 and depreciation & amortization expense of $14,700,
Interest expense of $5,089 and general and administrative expense of $3,087 incurred during fiscal year ended May 31, 2023. As of May
31 2024, Interest income against revenue receivables is $436 as compared to $0 for the fiscal year ending May 31, 2023.

 LIQUIDITY AND CAPITAL RESOURCES

 FISCAL YEAR ENDED MAY 31, 2024 AND 2023

 As of May 31, 2024, our total assets were
$27,453 comprised of cash and cash equivalents of $1,028, Accounts receivables $11,500, interest receivables $436, Intangible (net)
of $9,537 and equipment (net) of $4,952; our total liabilities were $82,348 comprised of accrued expenses $1,211, advance from our
director of $12,958, note payable of $29,000 and note and loan payable in total to related party of $28,100, accrued interest of
$11,079.

 As of May 31, 2023, our total assets were $37,044
comprised of cash and cash equivalents of $7,855, Intangible(net) of $19,203 and equipment(net) of $9,986; our total liabilities were
$62,522 comprised of accrued expenses $610, advance from our director of $3,000, note payable of $29,000 and note and loan payable in
total to related party of $28,100, accrued interest of $5,422.

 Cash Flows from Operating Activities

 For the fiscal year ended May 31, 2024, net cash
flows used in operating activities were $(12,484) consisting of net loss of $(26,243) amortization of $9,667, depreciation of $5,033 and
increase in accounts receivables ($11,500), increase in interest receivable $436, increase in accrued expenses of $610 and increase in
advances from related party of $9,958. For the fiscal year ended May 31, 2023, net cash flows used in operating activities were $(38,111)
consisting of net loss of $(56,421) amortization of $9,667, depreciation of $5,033 and increase in accrued expenses of $610 and increase
in advances from related party of $3,000.

 Cash Flows Provided by Investing Activities

 For the fiscal years ended May 31, 2024 and 2023,
net cash flows used in investing activities were $0 respectively.

 Cash Flows from Financing Activities

 For the fiscal year ended May 31, 2024, net cash
from financing activities was $5,657 consisting of increase in accrued interest of $5,657. For the fiscal year ended May 31, 2023, net
cash from financing activities was $33,859 consisting of issuance of common stock of $27,770, proceeds from note payable of $3,000 and
increase in relevant accrued interest of $5,089.

 PLAN OF OPERATION AND FUNDING

 We expect that working capital requirements will
continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements
are expected to increase in line with the growth of our business.

 Existing working capital, further advances and
debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines
of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement
of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses
and capital expenditures relating to: (i) acquisition of software; (ii) developmental expenses associated with a start-up business; and
(iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we
expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of
equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights,
preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate
funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors
or opportunities, which could significantly and materially restrict our business operations.

 MATERIAL COMMITMENTS

 As of the date of this Annual Report, we do not have any material commitments.

 PURCHASE OF SIGNIFICANT EQUIPMENT

 W e do not intend to
purchase any significant equipment during the next twelve months.

 OFF-BALANCE SHEET ARRANGEMENTS

 As of the date of this Annual Report, we do not
have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that
are material to investors.

 GOING CONCERN

 The independent auditors' reports accompanying
our May 31, 2024 and 2023 financial statements contain an explanatory paragraph expressing substantial doubt about our ability to continue
as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates
that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 Item 7A. Quantitative and Qualitative Disclosures
about Market Risk

 Not applicable to smaller reporting companies.

 Item 8. Financial Statements and Supplementary
Data

 LAMY

 ANNUAL FINANCIAL STATEMENT

 FOR THE YEAR ENDED
MAY 31, 2024

 INDEX TO AUDITED FINANCIAL
STATEMENTS

 Report of Independent Registered Public
 Accounting Firm (May 31, 2024)

 F- 1

 Report of Independent Registered Public Accounting Firm (May 31, 2023)

 Balance sheets as on May 31, 2024 and May 31, 2023

 Statements of Operations for the year ended May 31, 2024 & 2023

 F- 5

 Statements of Stockholders' Equity for the year ended May 31, 2024 & 2023

 Statements of Cash Flows for the year ended May 31, 2024 & 2023

 Notes to the Audited Financial Statements

 Report of Independent Registered Public Accounting
Firm

 The Board of Directors and Stockholders of

 LAMY

 Opinion on the Financial Statements

 We have audited the accompanying balance sheets
of Lamy (the 'Company') as of May 31, 2024, and the related statements of operations, changes in stockholders' deficit
and cash flows for the year ended May 31, 2024, and the related notes (collectively referred to as the "financial statements").
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of May 31,
2024, and the results of its operations and its cash flows for the year ended May 31, 2024, in conformity with accounting principles generally
accepted in the United States of America.

 Going Concern

 The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company suffered an accumulated deficit
of $(83,165), net loss of $(25,807) and a negative working capital of $(1,205). The Company is dependent on obtaining additional working
capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial
doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

 Basis for Opinion

 These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our
audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Critical Audit Matters

 Critical audit matters are matters arising from
the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and
that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements
taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter
or on the accounts or disclosures to which they relate.

 F- 1

 Revenue Recognition

 As discussed in Note 3 to the financial statements,
the Company recognizes revenue from provision of comprehensive financial instruction and innovations modules, which is deliver through
digital-age instruments and methodologies. At contract inception, the Company assesses the services promised in the contract with customers
and identifies a performance obligation for each, in accordance with ASC 606, Revenue from Contracts with Customers. To determine the
performance obligation, the Company considers all products and services promised in the contract. Revenue is recognized over time as the
services is rendered to customer as it most accurately represents the value of services transferred to the customer.

 The primary procedures we performed to address this critical audit
matter included:

 We reviewed the underlying agreements and contracts and assessed the terms to determine if the performance obligation was met and for the correct amount.

 We recalculated the mathematical accuracy of the revenue.

 We reviewed the adequacy of the company disclosure

 Going Concern Uncertainty – See also
Going Concern Uncertainty explanatory paragraph above

 As described in Note 2 to the financial statements, the Company has significant operating losses and a working capital deficiency. Furthermore, the company has matured notes payable to external lender and related party without means of repayment.

 The ability of the Company to continue as a going concern is dependent on embarking on a profitable business venture or obtaining additional financing from the shareholders or working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The procedures performed to address the matter included.

 (i)

 We inquired of executive officers, and key members of management, of the Company regarding factors that would have an impact on the Company's ability to continue as a going concern.

 (ii)

 We performed testing procedures such as analytical procedures to identify conditions and events that indicate that there could be substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

 (iii)

 We reviewed and evaluated management plan for dealing with adverse effects of these conditions and events

 (iv)

 We assessed the possibility of raising additional debt or credit,

 (v)

 We evaluated the completeness and accuracy of disclosures in the consolidated financial statements.

 /s/ Boladale Lawal

 BOLADALE LAWAL & CO.

 (Chartered Accountants)

 (PCAOB ID 6993)

 Lagos, Nigeria

 We have served as the Company's auditor
since 2024.

 August 28, 2024

 F- 2

 Report of Independent Registered Public Accounting
Firm

 Bolko & Company

 Accounting and Auditing Firm

 1825 NW Corporate Blvd, 110

 Boca Raton, Florida 33431

 To the Shareholders and Board of Directors Lamy

 We have audited the accompanying financial
statements of LAMY ("Company"), which comprise of balance sheet as of May 31, 2023, and the related statement of operations,
stockholders' equity (deficit), and cash flow for the period then ended, and the related notes to the financial statements.

 In our opinion, the financial statements
present fairly, in all material respects, the financial position of the Company as of May 31, 2023, and the results of its operations
and its cash flows for the period then ended, in conformity with accounting principles generally accepted in the United States.

 Basis for Opinion

 These financial statements and financial
highlights are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements
based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB")
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. We were not engaged
to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such opinion.

 An audit involves performing procedures
to obtain audit evidence about amounts and disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In
making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our audit opinion.

 Going Concern

 The accompanying financial statements
have been prepared assuming that the Lamy will continue as going concern. As discussed in Note 2 to the financial statements, Lamy has
suffered recurring losses from operations and has net capital deficiency that raises substantial doubt about the Company's ability
to continue as a going concern. Management's plans in regard to these matters are also described in Note 2.

 The financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

 Bolko & Company

 / s/ Bolko & Company

 Certified Public Account

 We have served as the Company's auditor since 2023

 August 31, 2023

 Boca Raton, Florida

 F- 3

 LAMY

 BALANCE SHEETS

 MAY 31,
2024

 MAY 31,
2023

 ASSETS

 Current Assets

 Cash & cash equivalents

 $
 1,028

 $
 7,855

 Accounts receivable

 11,500

 –

 Interest receivable

 –

 Total current assets

 12,964

 7,855

 Non-Current assets

 Intangibles (net)

 9,537

 19,203

 Equipment (net)

 4,952

 9,986

 Total non-current assets

 14,489

 29,189

 TOTAL ASSETS

 $
 27,453

 $
 37,044

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities

 Accrued expenses

 $
 1,211

 $

 Advances from related parties

 12,958

 3,000

 Total current liabilities

 14,169

 3,610

 Non-Current Liabilities

 Loans from related parties

 18,100

 18,100

 Note payable – related party

 10,000

 10,000

 Note payable – others

 29,000

 29,000

 Accrued Interest

 11,079

 5,422

 Total non-current liabilities

 68,179

 62,522

 Total Liabilities

 82,348

 66,132

 Stockholders' Equity (Deficit)

 Common stock, $ 0.0001 par value, 100,000,000 shares authorized; 7,777,000 shares issued and outstanding as of May 31, 2024 & 2023

 Additional Paid-In-Capital

 Accumulated Deficit

 ( 83,165
)

 ( 57,358
)

 Total Stockholders' equity (deficit)

 ( 54,895
)

 ( 29,088
)

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 $
 27,453

 $
 37,044

 The accompanying notes are an integral part
of these financial statements.

 F- 4

 LAMY

 STATEMENT OF OPERATIONS

 YEAR ENDED

MAY 31, 2024

 YEAR ENDED

MAY 31, 2023

 Revenue

 $
 11,500

 $
 –

 Cost of revenue

 9,667

 –

 Gross Profit

 1,833

 –

 Operating Expenses

 General and administrative expenses

 28,076

 56,421

 Total Operating expenses

 28,076

 56,421

 Other Income

 –

 Income (Loss) before provision for income taxes

)

)

 Provision for income taxes

 –

 –

 Net income (loss)

 $
)

 $
)

 Income (loss) per common share: Basic and diluted

 $
 ( 0.00
)

 $
 ( 0.00
)

 Weighted Average Number of Common Shares Outstanding: Basic and diluted

 7,777,000

 5,686,257

 The accompanying notes are an integral part
of these financial statements.

 F- 5

 LAMY

 STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

 FOR THE YEAR ENDED MAY 31, 2024 AND MAY 31, 2023

 Number of
 Common
 Shares

 Amount

($)

 Additional Paid-In-Capital

($)

 Accumulated Deficit

($)

 Total

($)

 Balances as of May 31, 2023

 7,777,000

 ( 57,358
)

 ( 29,088
)

 Net loss for the year

 –

 –

 –

)

)

 Balances as of May 31, 2024

 7,777,000

 ( 83,165
)

 ( 54,895
)

 Balances as of May 31, 2022

 5,000,000

 –

 ( 937
)

 ( 437
)

 Shares issued at offering price 0.01

 2,527,000

 25,017

 –

 25,270

 Shares issued for services

 250,000

 2,475

 –

 2,500

 Net loss for the year

 –

 –

 –

)

)

 Balances as of May 31, 2023

 7,777,000

 ( 57,358
)

 ( 29,088
)

 The accompanying notes are an integral part
of these financial statements.

 F- 6

 LAMY

 STATEMENT OF CASH
 FLOWS

 YEAR ENDED

MAY 31, 2024

 YEAR ENDED

MAY 31, 2023

 CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss

 $
)

 $
)

 Adjustment as of non-cash items:

 Depreciation

 5,033

 5,033

 Amortization

 9,667

 9,667

 Changes in operating assets and liabilities

 Increase in accounts receivable

 ( 11,500
)

 –

 Increase in interest receivable

 ( 436
)

 –

 Increase in accrued expenses

 Increase in advances from related parties

 9,958

 3,000

 Net cash provided by (used in) Operating activities

 ( 12,484
)

 ( 38,111
)

 CASH FLOWS FROM INVESTING ACTIVITIES

 Net cash provided by (used in) Investing activities

 –

 –

 CASH FLOWS FROM FINANCING ACTIVITIES

 Proceeds from sale of common stock

 –

 27,770

 Proceeds from note payable – related party

 –

 3,000

 Accrued Interest

 5,657

 5,089

 Net cash provided by Financing activities

 5,657

 35,859

 Increase (decrease) in cash and equivalents

 ( 6,827
)

 ( 2,252
)

 Cash and equivalents at beginning of the period

 7,855

 10,107

 Cash and equivalents at end of the period

 $
 1,028

 $
 7,855

 Supplemental cash flow information:

 Cash paid for:

 Interest

 $
 –

 $
 –

 Taxes

 $
 –

 $
 –

 Non-cash investing and financing activities

 Proceeds of loan from related party in exchange of asset

 $
 –

 $
 –

 Proceeds from note payable against acquisition of intangibles

 $
 –

 $
 –

 The accompanying notes are an integral part
of these financial statements.

 F- 7

 LAMY

 NOTES TO THE AUDITED FINANCIAL
STATEMENTS

 FOR THE YEAR ENDED MAY 31, 2024

 NOTE 1 – ORGANIZATION AND BUSINESS

 LAMY. (the "Company") is a corporation
established under the corporation laws in the State of Wyoming on January 31, 2022. The company intends to develop a successful business
through provision of financial knowledge and resource management to the youngsters through an educational platform and, chiefly, an immersive
video game called TwoPlus1.

 The Company has adopted May 31 fiscal year end.

 NOTE 2 – GOING CONCERN

 The Company's financial statements as of
May 31, 2024 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern,
which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet
established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company
has accumulated loss from inception (January 31, 2022) to May 31, 2024 of $ 83,165. These factors among others raise substantial doubt
about the ability of the company to continue as a going concern for a reasonable period of time.

 In order to continue as a going concern, the Company
will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining
capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity
and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its
plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts
and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 NOTE 3 – SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

 Basis of Presentation

 The financial statements of the Company have been
prepared in accordance with generally accepted accounting principles in the United States of America.

 New Accounting Pronouncements

 There were various accounting standards and interpretations
issued recently, none of which are expected to a have a material impact on our financial position, operations or cash flows.

 Cash and Cash Equivalents

 For purposes of the statement of cash flows, the
Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

 F- 8

 Stock-Based Compensation

 As of May 31, 2024, the Company has not issued
any stock-based payments to its employees.

 Stock-based compensation is accounted for at fair
value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock
options.

 Use of Estimates and Assumptions

 The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the period. Actual results could differ from those estimates.

 Due to the limited level of operations, the Company
has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.

 Fair Value of Financial Instruments

 ASC 825, "Disclosures about Fair Value of
Financial Instruments", requires disclosure of fair value information about financial instruments. ASC 820, "Fair Value Measurements"
defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures
about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information
available to management as of May 31, 2024.

 The respective carrying values of certain on-balance-sheet
financial instruments approximate their fair values. These financial instruments include cash, accounts payable and related party loan
payable. Fair values were assumed to approximate carrying values for these financial instruments as either they do not have any active
market or are short term in nature and therefore their carrying amounts approximate fair value.

 Income Taxes

 Income taxes are provided in accordance with ASC
No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and
tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred
tax assets and liabilities.

 Deferred tax assets are reduced by a valuation
allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized.
Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 Revenue Recognition

 We adopted Accounting Standards Codification ("ASC")
Topic 606, "Revenue from Contracts with Customers", and all related interpretations for recognition of our revenue from tours
and services. Previously we recorded revenue based on ASC Topic 605. Adoption of new accounting standard did not have any material impact
on our reported revenue.

 F- 9

 Revenue is recognized when the following criteria
are met:

 Identification of the contract, or contracts, with customer;

 Identification of the performance obligations in the contract;

 Determination of the transaction price;

 Allocation of the transaction price to the performance obligations in the contract; and

 Recognition of revenue when, or as, we satisfy performance obligation.

 The Company has evaluated all the recent accounting
pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company's
financial statements.

 Fixed Assets

 Fixed assets are stated at cost, net of accumulated
depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs, if capitalization criteria
are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any subsidy/reimbursement/contribution
received for installation and acquisition of any fixed assets is shown as deduction in the year of receipt. Capital work- in progress
is stated at cost.

 Subsequent expenditure related to an item of fixed
assets is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard
of performance. All other expenses on existing fixed assets, including day-to-day repairs and maintenance expenditure and cost of replacing
parts, are charged to the Statement of Profit and Loss for the period during which such expenses are incurred.

 Gains or losses arising from de-recognition of
fixed assets are measured as the difference between the net disposal proceeds and the carrying amount of the assets derecognized.

 The Company utilizes straight-line depreciation
over the estimated useful life of the asset.

 Office Equipment – 3 years

 Earnings per Share

 ASC No. 260, "Earnings Per Share",
specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common
stock. The Company has adopted the provisions of ASC No. 260.

 Basic net loss per share amounts is computed by
dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings
per share due to the lack of dilutive items in the Company.

 NOTE 4 – EQUIPMENT (NET)

 Company acquired equipment as on May 25, 2022
for $ 15,100.

 The Company depreciates its property using straight-line
depreciation over the estimated useful life of 3 years.

 For the year ended May 31, 2024 the company recorded
$ 5,033 in depreciation expense. From inception (January 31, 2022) through May 31, 2024 the company has recorded a total of $ 10,148 in
depreciation expense.

 F- 10

 NOTE 5 – INTANGIBLE ASSETS

 Company acquired intangibles as on May 26, 2022
and consist of Videogame platform and related property rights of $ 29,000. The Company amortize its intangibles using straight-line depreciation
over the estimated useful life of 3 years.

 For the year ended May 31, 2024 the company recorded
$ 9,667 in amortization expense. From inception (January 31, 2022) through May 31, 2024 the company has recorded a total of $ 19,463 in
amortization expense.

 NOTE 6 – CAPITAL STOCK

 The Company has 100,000,000 shares of common stock
authorized with a par value of $ 0.0001 per share.

 In February 2022, the Company issued 5,000,000
shares of its common stock at $0.0001 per share for total proceeds of $ 500.

 During the year ended May 31, 2023, the Company
issued 2,527,000 shares of its common stock at an offering price of $0.01 per share for total proceeds of $ 25,270 while 250,000 shares
were issued for services at par value of $ 2,500.

 As of May 31, 2024 & 2023 the Company had
 7,777,000 shares issued and outstanding respectively.

 NOTE 7 – RELATED PARTY TRANSACTIONS

 In support of the Company's efforts and
cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains
adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support
by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities.

 Since inception (January 31, 2022) through May
31, 2024 the Company's sole officer and director loaned the Company as follow;

 As on February 01, 2022, the Company's sole officer and director
loaned the Company $ 10,000 as a long-term unsecured loan with 10% simple interest per annum. This loan is payable in three installments
as per following agreed schedule:

 1 st installment: $3,000.00 on or before
July 1, 2023,

 2 nd installment: $3,000.00 on or before
July 1, 2024,

 3 rd installment: $4,000.00 on or before
July 1, 2025,

 The interest amount is expected to be at $3,000,
due with the final payment thereto.

 As of May 31, 2024, interest accrued on this loan
was $ 2,333.

 As on May 25, 2022, $ 15,100 was loaned to the
company in exchange for assets. Initially the loan was unsecured and interest free. Subsequently, on September 20,2022, this loan was
secured under a promissory note bearing 10% simple interest per annum. This loan is payable in three installments as per following agreed
schedule:

 1 st installment: $5,100.00 on or before
September 20, 2023,

 2 nd installment: $5,000.00 on or before
September 20, 2024,

 3 rd installment: $5,000.00 on or before
September 20, 2025,

 F- 11

 The interest amount is expected to be at $4,530,
due with the final payment thereto.

 As of May 31, 2024, interest accrued on this loan
was $ 2,559.

 As on October 11, 2022, the Company's sole
officer and director loaned the Company $ 3,000 as a long-term unsecured loan with interest payable on the unpaid principal at the rate
of [3% over the US Federal Reserve Base Rate] per annum. This loan is payable in a single lump sum amount by the end of two-year term
i.e., on October 11, 2024. As of May 31, 2024 interest accrued on this loan was $ 386.

 As of May 31, 2024, the total principal amount
outstanding to related party under long term liability was $ 28,100 while total accrued interest due to related party is $ 5,278.

 As of May 31, 2024, aggregate future principal
payments to the related party in reference to upcoming fiscal years are as follows:

 Schedule
of future principal payments

 Year ended May 31, 2023

 $

 Year ended May 31, 2024

 $
 8,100

 Year ended May 31, 2025

 $
 11,000

 Year ended May 31, 2026

 $
 9,000

 Thereafter

 $

 In addition to the above, as of period ended May
31, 2024, the Company's sole officer and director advance the Company $ 12,958. This advance is interest free and is payable on demand.

 NOTE 8 – NOTE PAYABLE – OTHERS

 As of May 26, 2022, Company owes a note payable
of $ 29,000 to a third party (Smarty Pants, LLC) against the purchase of an intangible property. This note is unsecured, bear 10% simple
interest per annum and fully payable by 26 th May, 2024. As of May 31, 2024, interest accrued over this note is $ 5,800.

 As of May 31, 2024, aggregate future principal
payments for this debt in reference to upcoming fiscal years are as follows:

 Schedule
of future principal payments

 Year ended May 31, 2023

 $

 Year ended May 31, 2024

 $
 29,000

 Thereafter

 $

 NOTE 9 – INCOME TAXES

 The reconciliation
of income tax benefit at the U.S. statutory rate of 21% for the period ended May 31, 2024 to
the company's effective tax rate is as follows:

 Reconciliation of income taxes

 Tax benefit at U.S. statutory rate

 $

 ( 17,465

)

 Change in valuation allowance

 17,465

 Income tax expense

 $

 –

 F- 12

 The tax
effects of temporary differences that give rise to significant portions of the net deferred tax assets at May 31, 2024 are
as follows:

 Schedule of deferred tax assets

 Deferred tax assets:

 Net operating loss

 $
 ( 17,465
)

 Valuation allowance

 17,465

 Deferred tax assets

 $
 –

 The Company
has approximately $ 83,165 of net operating losses ("NOL") carried forward to offset taxable income, if any, in future years
which expire in fiscal 2041. In assessing the realization of deferred tax assets, management considers whether it is more likely than
not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent
upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers
the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.
Based on the assessment, management has established a full valuation allowance against all of the deferred tax assets relating to NOLs
for every period because it is more likely than not that all of the deferred tax asset will not be realized.

 NOTE 10 – SUBSEQUENT EVENTS

 The Company has evaluated other subsequent events
till August 28, 2024, the date these financial statements were issued and has determined that there are no items to disclose.

 F- 13

 Item
9. Changes in and disagreements with Accountants on Accounting and Financial Disclosure

 On June 11, 2024, the Board of Directors of LAMY.
(the "Company") approved the engagement of Boladale Lawal & Co ('BLC') as the Company's independent
registered public accounting firm for the fiscal year ended May 31, 2024, effective immediately, and dismissed Bush and Associates CPA
(''Bush"), as the Company's independent registered public accounting firm.

 Bush and Associates CPA never issued an audit
opinion on our financial statements, and during the course of their engagement there were no disagreements with Bush and Associates CPA
on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedures which, if not resolved
to the satisfaction of With, would have caused Bush and Associates CPA to make reference to the matter in their audit opinion, if issued.

 Item 9A. Controls and Procedures

 None.

 Item 9B. Other Information

 During the year ended May 31, 2024, no director
or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in
Item 408(a) of Regulation S-K.

 Item 10. Directors, Executive Officers, Promoters
and Control Persons of the Company

 DIRECTORS AND EXECUTIVE OFFICERS

 The name, address and position of our present officers and directors
are set forth below:

 Name and Address of Executive

 Officers and Director

 Age

 Position

 Mr. Dwight Witmer

 Founder CEO & CFO

 Mr. Stephen Townsend

 Chief Operations Officer

 On March 15, 2023, Mr. Stephen
Townsend was appointed as the COO of LAMY.

Biographical Information and Background of officer and director

 Mr. Dwight Witmer, CEO & CFO

 Mr. Dwight Witmer has
served as the Company's Director, Secretary, and Treasurer since its incorporation on January 31, 2022. He is an internationally
renowned and award-winning choreographer, in residence for Northern Ballet and its Artistic Director of Digital.

 Professional Background Information About our
Director

 QUALIFICATIONS

 Diploma
in Financial Planning – SPS Attained

 Financial
Planning Certificate 1, 2 & 3

 JO1 (Taxation)

 JO2 (Trusts)

 JO4 (Pension
Funding)

 JO5 (Pension
Income)

 SV1 (Savings
& Investments)

 CF7 (Lifetime
Mortgages)

 CF8 (Long
Term Care Planning)

 HR1 (Home
Reversion Plans)

 Mortgage
Advice Qualification (MAQ)

 Diploma
for Secondary Higher Education (A Level equivalent). Graduated with Honors

 University
of Cambridge, Certificate for Proficiency in English. Grade A

 State
of Belgium, Advanced Diploma for English Grade A

 PROFESSIONAL EXPERIENCE

 Financial Advice Boutique

 Dates

 January 2014 – To Present

 Occupation / Position Held

 Independent Financial Adviser – Sustainable Finance - Director

 Duties

 Providing tailored independent financial planning and financing advice to individuals and small businesses, underpinned by social and environmental values.

 Business Sector

 Directly Authorized Independent Financial Adviser Firm

 Fairey Associates

 Dates

 April 2011 – August 2013

 Occupation / Position Held

 Independent Financial Adviser – Ethical Finance

 Positive Solutions

 Dates

 August 2009 – December 2010

 Occupation / Position Held

 Independent Financial Adviser

 St James' Place Wealth Management

 Dates

 January 2007 – August 2009

 Occupation / Position Held

 Associate Partner

 Bates Millfield

 Dates

 September 2004 – December 2006

 Occupation/Position Held

 Independent Financial Adviser

 Faber Callidus - Zurich Advice Network

 Dates

 September 2003 – August 2004

 Occupation/ Position Held

 Trainee Financial Adviser

 Languages: English, Dutch, French, Spanish
and German

Mr. Stephen Townsend, COO

 On March 15, 2023, the Board of Directors of LAMY (the "Company") approved the appointment of Mr. Stephen Townsend as
the Company's Chief operations Officer.

 Mr. Stephen Townsend is a finance specialist with over 20 years of
experience. Starting as a trainee financial adviser within a large insurance company, he worked his way up through the ranks and qualifications
to become a fully qualified Independent Financial Adviser until turning the focus on property finance. Over the years, Mr. Townsend has
built up a wealth of knowledge and extensive contacts within the finance and credit market. As a result, he has the needed expertise in
finance and real estate markets. He is an expert in complex credit of transnational and variable income streams, including unusual and
novel property transactions. He also holds the necessary specialist qualifications in the equity markets.

 LAMY's Chief Executive Officer, Mr. Dwight Witmer, within the interest of the Company, is in good understanding of Mr.
Townsend's level of professional competence and thus finds it fitting for the
executive position at LAMY.

 Compliance with Section 16(a) of the Securities
Exchange Act of 1934

 Our common stock is in
compliance pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Accordingly, our
officers, directors, and principal stockholders are in compliance with beneficial ownership reporting requirements of Section 16(a) of
the Exchange Act.

 Code of Ethics

 We are in compliance to the code of ethics that
may or may not apply to our officers and directors, or persons performing similar functions because.

 Audit Committee

 We are compliant with the provisions and requirements of an audit committee
considering our start-up phase and emerging growth company status.

 Director Nominees

 We do not have a nominating
committee. Our management plans to select individuals to stand for election as members of our board of directors. We are yet to finalize
a policy with regard to the consideration of any director candidates recommended by our security holders. Our board has determined that
it is in the best position to evaluate our company's requirements as well as the qualifications of each candidate when it considers
a nominee for a position on our board. If security holders wish to recommend candidates directly to our board, they may do so by communicating
directly with our officers at the address specified on the cover of this registration statement.

 Audit Committee and Audit Committee Financial
Expert

 We do not currently have an audit committee or
a committee performing similar functions. The board of directors as a whole participates in the review of financial statements and disclosure.

 Our board of directors
has determined that it does not have a member of its audit committee that qualifies as an "audit committee financial expert"
as defined in Item 407(d)(5)(ii) of Regulation S-K and is "independent" as the term is used in Item 7(d)(3)(iv) of Schedule
14A under the Securities Exchange Act of 1934, as amended.

 SIGNIFICANT EMPLOYEES

 Mr. Dwight Witmer, CEO of the Company, and Mr. Stephen Townsend, COO
of the Company, are the two key employees.

 Item 11. Executive Compensation

 MANAGEMENT COMPENSATION

 The following tables set forth certain information
about compensation paid, earned, or accrued for services by our CEO and COO, and (collectively, the "Named Executive Officers")
for the year ended May 31, 2023 & 2024:

 Summary Compensation Table

 Name and

 Principal

 Position

 Year

 Salary

 ($)

 Bonus

 ($)

 Stock

 Awards

 ($)

 Option

 Awards

 ($)

 Non-Equity

 Incentive

 Plan

 Compensation

 ($)

 Nonqualified

 Deferred

 Compensation

 ($)

 All Other

 Compensation

 ($)

 Total

 ($)

 Mr. Witmer, President

CEO & CFO

 2023 and 2024

 -1-

 -0-

 -0-

 -0-

 -0-

 -0-

 -0-

 -1-

 Mr. Stephen Townsend

EVC

 2023 and 2024

 -0-

 -0-

 2,500

 -0-

 -0-

 -0-

 -0-

 -0-

There are currently two employment agreements between the company and its officers. The compensation discussed herein addresses all compensation
awarded to, earned by, or paid to our named executive officers cumulatively for the year 2023 and 2024. During the year 2024, no executive
compensation was issued to the employees.

The amount of 250,000 of the Company's shares for the first 12 months are paid to Mr. Townsend for his employment at LAMY during the
year 2023 while no compensation charged for 2024. There are currently no bonus allocations for the Company's employees.

 CHANGE OF CONTROL

 As of May 31, 2024, we had no pension plans or
compensatory plans or other arrangements that provide compensation in the event of a termination of employment or a change in our control.

 Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

 The following table provides certain information
regarding the ownership of our common stock, as of May 31, 2024 and as of the date of the filing of this annual report by:

 each of our executive officers;

 each director;

 each person known to us to own more than 5% of our outstanding common stock; and

 all of our executive officers and directors and as a group.

 Title of Class

 Name and Address

 of Beneficial Owner

 Amount and Nature of

 Beneficial Ownership

 Percentage

 Common Stock

 Mr. Dwight Witmer

 5,000,000 shares of common stock

 64%

 201 Allen St.

 Unit 10104

 New York, NY 10002

 Common Stock

 Mr. Stephen Townsend

 250,000 shares of common stock

 3%

 201 Allen St.

 Unit 10104

 New York, NY 10002

 The percentage of class is based on 7,777,000
shares of common stock issued and outstanding as of the date of this annual report.

 Item 13. Certain Relationships and Related
Transactions

 As of May 31, 2024 & 2023, the Company has
accumulated advances from its CEO Mr. Dwight Witmer in the amount of $12,958 & $3,000 respectively. As of May 31, 2024 & 2023
Note payable to Mr. Witmer stood at $28,1000 respectively. Interest accrued over these note payables is $5,278 and $2,522 as of May 31,
2024 & 2023 respectively.

 Item 14. Principal Accountant Fees and Services

 The aggregate fees billed for the most recently
completed fiscal year ended May 31, 2024 & 2023, for professional services rendered by the principal accountants for the audits &
assurance services were as follows:

 Year Ended

 May 31, 2024

 May 31, 2023

 Audit Fees

 $
 3,000

 $
 9,950

 Audit Related Fees

 –

 –

 Tax Fees

 –

 –

 All Other Fees

 –

 –

 Total

 $
 3,000

 $
 9,950

 Our board of directors pre-approves all services
provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors before the
respective services were rendered.

 Our board of directors has considered the nature
and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit
is compatible with maintaining our independent auditors' independence.

 Item 15: Exhibits, Financial Statement Schedules

 Financial Statements

 See Index to Financial Statements at Item 8 herein.

 Exhibits

 The following documents (unless otherwise indicated)
are filed herewith and made part of this registration statement.

 Exhibit Number

 Description

 23.1

 Consent of Registered Public Accounting Firm

 Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer and Principal Financial Officer

 Section 1350 Certification of Principal Executive Officer and Principal Financial Officer

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Item 16. Form 10-K Summary

 None.

 SIGNATURES

 In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 LAMY

 Dated: August 30, 2024

 By: /s/ Dwight
 Witmer

 Mr. Dwight Witmer,

Chief Executive Officer & Chief Financial Officer