REGISTERED NUMBER: 07344752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

AFRICA MERCHANT CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

869

-

Investments

5

54,255

2,195

55,124

2,195

CURRENT ASSETS

Debtors

6

16,899

7,376

Cash at bank

51,929

4,669

68,828

12,045

CREDITORS

Amounts falling due within one year

7

1,460

10,979

NET CURRENT ASSETS

67,368

1,066

TOTAL ASSETS LESS CURRENT LIABILITIES

122,492

3,261

CAPITAL AND RESERVES

Called up share capital

8

1,004

1,004

Share premium

9

979

979

Revaluation reserve

9

51,760

-

Retained earnings

9

68,749

1,278

SHAREHOLDERS' FUNDS

122,492

3,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 18 September 2026 and were signed by:

Mr I J Visagie - Director

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 as modified by the revaluation of certain assets.

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

Computer equipment 33% on cost

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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

4,425

Additions

950

At 31 December 2025

5,375

DEPRECIATION

At 1 January 2025

4,425

Charge for year

81

At 31 December 2025

4,506

NET BOOK VALUE

At 31 December 2025

869

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2025

2,195

Additions

300

Revaluations

51,760

At 31 December 2025

54,255

NET BOOK VALUE

At 31 December 2025

54,255

At 31 December 2024

2,195

Cost or valuation at 31 December 2025 is represented by:

Unlisted

investments

£

Valuation in 2025

51,760

Cost

2,495

54,255

Africa Merchant Capital Limited acquired 33% of the share capital in AMC Investment Holdings UK Limited in February 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,389

44

Amounts owed by group undertakings

12,854

-

Other debtors

2,656

2,656

Director's current account

-

4,676

16,899

7,376

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Corporation tax

553

-

Other creditors

-

10,979

Director's current account

907

-

1,460

10,979

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

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

9.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2025

1,278

979

-

2,257

Profit for the year

490,731

490,731

Dividends

(371,500

)

(371,500

)

Revaluation reserve

(51,760

)

-

51,760

-

At 31 December 2025

68,749

979

51,760

121,488

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £281,311 (2024 - £36,850) were paid to the director .

At the balance sheet date, included in other creditors due within one year, is an amount of £907 (2024 - £4,676) owed to the director by the company (2024 - owed by the director to the company).

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.