MAB SECURITIES LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

MAB SECURITIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13312448 . The registered office is C/O Accounts And Legal, 81 King Street, Manchester, M2 4AH.

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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. 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:

Computer Equipment

20% Straight line

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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MAB SECURITIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.7. 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.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2025	249,093

As at 30 April 2026	249,093

Amortisation
As at 1 May 2025	99,637
Provided during the period	24,909

As at 30 April 2026	124,546

...CONTINUED

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MAB SECURITIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

Net Book Value
As at 30 April 2026	124,547

As at 1 May 2025	149,456

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 May 2025	5,841
Additions	764

As at 30 April 2026	6,605

Depreciation
As at 1 May 2025	1,885
Provided during the period	1,321

As at 30 April 2026	3,206

Net Book Value
As at 30 April 2026	3,399

As at 1 May 2025	3,956

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	458	22,382
Other debtors	985,051	414,763

	985,509	437,145

Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

7. Current Asset Investments

	2026	2025
	£	£
Short term deposits	733,826	-

Short-term deposits represent amounts placed with financial institutions on short-term money market deposit. Fixed-term deposits are measured at amortised cost. Interest receivable on fixed-term deposits is recognised in profit or loss when the deposit matures and the interest becomes receivable.

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MAB SECURITIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(1 )	-
Other creditors	8,245	5
Taxation and social security	346,540	113,111

	354,784	113,116

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	850	989

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 May 2025	989	989
Deferred taxation	(139 )	(139 )

Balance at 30 April 2026	850	850

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

12. Ultimate Controlling Party

The company's ultimate controlling party is Mishari Al-Bader by virtue of his ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		124,547		149,456
Tangible Assets	5		3,399		3,956

			127,946		153,412
CURRENT ASSETS
Debtors	6	985,509		437,145
Investments	7	733,826		-
Cash at bank and in hand		8,027		32,801

		1,727,362		469,946
Creditors: Amounts Falling Due Within One Year	8	(354,784 )		(113,116 )

NET CURRENT ASSETS (LIABILITIES)			1,372,578		356,830

TOTAL ASSETS LESS CURRENT LIABILITIES			1,500,524		510,242

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(850 )		(989 )

NET ASSETS			1,499,674		509,253

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			1,499,574		509,153

SHAREHOLDERS' FUNDS			1,499,674		509,253