MOBAY AND COMPANY LIMITED - Filleted accounts

Registered number

11076286

MOBAY AND COMPANY LIMITED

Report and Accounts

31 July 2025

www.chartered.org

MOBAY AND COMPANY LIMITED

Company Information

Directors

Keith Seville

Mehrunissa Khan

Marley Seville

Secretary

Keith Seville

Accountants

Abell Limited

128 Cannon Workshops

Cannon Drive

London E14 4AS

Bankers

Lloyds Bank plc

Registered office

6-9 The Square

Stockley Park

Uxbridge

Middlesex

UB11 1FW

Registered number

11076286

MOBAY AND COMPANY LIMITED
Registered number:		11076286
Directors' Report

The directors present their report and accounts for the period ended 31 July 2025.

Principal activities
The company's principal activity during the year was negotiating investments in infrastructure projects focusing on Africa. During the reporting period, Mobay and Company has consolidated its strategic joint venture interests across agricultural and housing sectors in Africa. The company's share of asset value from four major developments totals over £400 million, reflecting robust positioning in land acquisition, housing delivery, and international project structuring. The Kenyan agricultural investment underpins Mobay's food security and agribusiness strategy, with land secured for high-yield cassava cultivation. The valuation reflects current market rates and strategic location advantages.
The Democratic Republic of Congo project represents Mobay's commitment to affordable housing and urban regeneration. The valuation reflects both completed units and projected returns, with currency conversion aligned to prevailing exchange rates. A flagship housing initiative in Ivory Coast, this development anchors Mobay's expansion into francophone markets. The valuation is based on contractual entitlements and projected delivery milestones. In Nigeria, Mobay and Company is involved in a project that consists of a mixed-use development commercial complex, high end residential housing, grade ‘A’ offices and retail units. Mobay continues to leverage its legal and compliance architecture to secure high-value joint ventures, ensuring regulatory alignment and sustainable delivery. The company's asset base reflects a diversified portfolio with strong regional impact and investor appeal.

Directors
The following persons served as directors during the period:

	Keith Seville
	Mehrunissa Khan
	Marley Seville

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 22 September 2025 and signed by its order.





Keith Seville
Director

MOBAY AND COMPANY LIMITED
Accountants' Report
for the period from 1 December 2024 to 31 July 2025

Accountants' report to the directors of
MOBAY AND COMPANY LIMITED

You consider that the company is exempt from an audit for the period ended 31 July 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Abell Limited
Chartered Accountants

128 Cannon Workshops
Cannon Drive
London E14 4AS

22 September 2025

MOBAY AND COMPANY LIMITED
Registered number:		11076286
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		444,814,467			-

Creditors: amounts falling due within one year	4	(1,331,445)			1

Net current (liabilities)/assets			(1,331,445)			1

Total assets less current liabilities			443,483,022			1

Creditors: amounts falling due after more than one year	5		(3,106,700)			-



Net assets			440,376,322			1

Capital and reserves
Called up share capital			10,000			1
Revaluation reserve	6		440,366,322			-

Shareholders' funds			440,376,322			1

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Keith Seville
Director
Approved by the board on 22 September 2025

MOBAY AND COMPANY LIMITED
Notes to the Accounts
for the period from 1 December 2024 to 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	Additions				444,814,467
	At 31 July 2025				444,814,467

	Depreciation
	At 31 July 2025				-

	Net book value
	At 31 July 2025				444,814,467
	The company considers its investment participations continue to have the values shown. If any reduction in project values occurs the values will be adjusted.


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Other creditors		1,331,445		(1)


5	Creditors: amounts falling due after one year		2025		2024
£				£

	Other creditors		3,106,700		-


6	Revaluation reserve		2025		2024
£				£

	Land and buildings		440,366,322		-

	At 31 July 2025		440,366,322		-


7	Other information

	MOBAY AND COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	6-9 The Square
	Stockley Park
	Uxbridge
	Middlesex
	UB11 1FW