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REGISTERED NUMBER: 07344752 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AFRICA MERCHANT CAPITAL LIMITED

AFRICA MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: 07344752)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AFRICA MERCHANT CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr I J Visagie





REGISTERED OFFICE: 80 Coleman Street,
London
EC2R 5BJ





REGISTERED NUMBER: 07344752 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

AFRICA MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: 07344752)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,195 1,195
2,195 1,195

CURRENT ASSETS
Debtors 6 7,376 3,940
Cash at bank 4,669 776
12,045 4,716
CREDITORS
Amounts falling due within one year 7 10,979 2,598
NET CURRENT ASSETS 1,066 2,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,261

3,313

CAPITAL AND RESERVES
Called up share capital 8 1,004 1,004
Share premium 9 979 979
Retained earnings 9 1,278 1,330
SHAREHOLDERS' FUNDS 3,261 3,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 July 2025 and were signed by:



Mr I J Visagie - Director


AFRICA MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: 07344752)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Africa Merchant Capital Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 4,425
DEPRECIATION
At 1 January 2024
and 31 December 2024 4,425
NET BOOK VALUE
At 31 December 2024 -

AFRICA MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: 07344752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2024 1,195
Additions 1,000
At 31 December 2024 2,195
NET BOOK VALUE
At 31 December 2024 2,195
At 31 December 2023 1,195

Africa Merchant Capital Limited acquired 25% of the share capital in Streamline Technologies Ltd in November 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Trade debtors 44 1,044
Other debtors 2,656 2,896
Director's current account 4,676 -
7,376 3,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Other creditors 10,979 -
Director's current account - 2,598
10,979 2,598

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: as restated
£    £   
2,000 Ordinary Share 0.1p 2 2
2 Ordinary B Share £1 2 2
1,000 Ordinary C Share £1 1,000 1,000
1,004 1,004

AFRICA MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: 07344752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 1,330 979 2,309
Profit for the year 73,448 73,448
Dividends (73,500 ) (73,500 )
At 31 December 2024 1,278 979 2,257

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,850 were paid to the director .

At the balance sheet date, included in other debtors due within one year, is an amount of £4,676 (2023 - £2,598) owed by the director to the company (2023 - owed to the director by the company).

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.