REGISTERED NUMBER: 12229044 (England and Wales)

Financial Statements for the Year Ended 30th June 2025

for

ERACO Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Daly

S P Cornwell

Ms S R Kay

REGISTERED OFFICE:

75 Riding House Street

London

W1W 7EJ

REGISTERED NUMBER:

12229044 (England and Wales)

AUDITORS:

Moulton Johnson Limited

Chartered Accountants & Statutory Auditors

29a Crown Street

Brentwood

Essex

CM14 4BA

CURRENT ASSETS

Debtors

4

2,140,011

838,797

Cash at bank

166,723

582,482

2,306,734

1,421,279

CREDITORS

Amounts falling due within one year

5

2,365,302

2,125,108

NET CURRENT LIABILITIES

(58,568

)

(703,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,568

)

(703,829

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(58,668

)

(703,929

)

SHAREHOLDERS' FUNDS

(58,568

)

(703,829

)

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 Board of Directors and authorised for issue on 19th September 2025 and were signed on its behalf by:

S P Cornwell - Director

1.	STATUTORY INFORMATION

ERACO Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

This assumes continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business.

Notwithstanding net current liabilities of £58,568 as at 30th June 2025 the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.

Through its funding from other companies within the Woods Bagot group, the company would continue to meet its liabilities as they fall due.

The other companies within the Woods Bagot group not seeking repayment of the amounts currently due to them, which at 30 June 2025 amounted to £1,277,677, and providing additional financial support during that period if required.

7C Holdings Pty Ltd (Formerly Woods Bagot Holdings Pty Limited) has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date within the short-term.

Revenue recognition

Revenue is measured based on the consideration specified in a contract with a customer. The Company recognises revenue when it transfers control over a good or service to a customer.

The following provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms and the related revenue recognition policies.

Professional services revenue

The Company performs consultancy services. These activities tend to be highly integrated and accordingly where appropriate will be accounted for as a single performance obligation. Performance obligations are fulfilled over time as the services are delivered, as the Company has a right of payment for services delivered to date together with the highly customised nature of the services provided. Consequently, the Company recognises revenue for these service contracts over time rather than at a point in time.

Variable Consideration

Where consideration in respect of a contract is variable, the expected value of revenue is only recognised when the uncertainty associated with the variable consideration is subsequently resolved, known as "constraint" requirements. The Company assesses the constraint requirements on a periodic basis when estimating variable consideration to be included in the transaction price. The estimate is based on all available information including historic performance. Where modification in design or contract requirements are entered into, the transaction price is updated to reflect these. Where the price of modification has not been confirmed, an estimate is made of the amount of revenue to recognise whilst also considering the constraint requirement.

Variable consideration such as incentives, as well as accounting for claims and variation as contract modifications which all impart a higher threshold of probability for recognition, is only recognised as revenue when it is highly probable that a significant reversal of revenue will not occur.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

529,178

-

Amounts recoverable on contracts

591,373

-

Other debtors

-

1,693

Related entities

1,015,545

837,075

VAT

3,915

29

2,140,011

838,797

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

28,356

-

Accruals and deferred income

43,724

34,561

Related entities

2,293,222

2,090,547

2,365,302

2,125,108

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

1

100

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Southgate ACA FCCA (Senior Statutory Auditor)

for and on behalf of Moulton Johnson Limited

8.	RELATED PARTY DISCLOSURES

Woods Bagot Europe Ltd

During the year, Woods Bagot Europe Ltd charged project fees and costs to the company amounting to £1,141,175 ,(2024: £1,149,469). Also during the year, the company charged project fees and costs to Woods Bagot Europe Ltd amounting to £60,646 (2024: £160,214). The amount due by the company to Woods Bagot Europe Ltd at 30th June 2025 amounted to £851,792 (2024: £1,521,883).

Woods Bagot Architectural Design Consultants (Beijing) Co Ltd

During the year, Woods Bagot Architectural Design Consultants (Beijing) Co Ltd recharged project fees and costs to the company amounting to £Nil (2024: £Nil). The amount due by the company to Woods Bagot Architectural Design Consultants (Beijing) Co Ltd at 30th June 2025 amounted to £1,001 (2024: £635).

ERA-CO Holdings Pty Ltd

The amount due to the company from ERA-CO Holdings Pty Ltd at 30th June 2025 amounted to £100 (2024: £100).

Woods Bagot Pty Ltd (Dubai Branch)

During the year, Woods Bagot Pty Ltd (Dubai Branch) charged project fees and costs to the company amounting to £9,732 (2024: £7,976). Also during the year, the company recharged project fees and costs to Woods Bagot Pty Ltd (Dubai Branch) amounting to £1,588,584 (2024: £1,706,138). The amount due to the company from Woods Bagot Pty Ltd (Dubai Branch) at 30th June 2025 amounted to £999,044 (2024: £370,310).

Woods Bagot New Zealand Pty Ltd

The amount due to the company from Woods Bagot New Zealand Pty Ltd at 30th June 2025 amounted to £7,767 (2024: £8,442).

Woods Bagot Asia Ltd

The amount due to the company from Woods Bagot Asia Ltd at 30th June 2025 amounted to £8,634 (2024: £9,418).

Woods Bagot North America Inc

During the year, Wood Bagot North America Inc charged project fees and costs to the company amounting to £Nil (2024: £73,231). The amount due by the company to Woods Bagot North America at 30th June 2025 amounted to £65,401 (2023:£63,729).

ERA CO Pty Ltd

During the year, ERA CO Pty Ltd charged project fees and costs to the company amounting to £369,250 (2024: £1,983). Also during the year, the company charged project fees and costs to ERA CO Pty Ltd amounting to £490 (2024: £10,348). The amount owed by the company to ERA CO Pty Ltd at 30th June 2025 amounted to £235,715 (2024: Due to the company £147,003).

ERACO Inc

During the year, the company charged project fees and costs to ERACO Inc amounting to £26,787 (2024: £34,754). During the year the company was charged project fees and costs amounting to £654,984 (2024: £50,978l) by ERACO Inc. The amount owed by the company to ERACO Inc at 30th June 2025 amounted to £340,146 (2024: Due to the company £301,821).

7C Holdings Pty Ltd (Formerly Woods Bagot Pty Ltd)

During the year, Woods Bagot Pty Ltd charged project fees and costs to the company amounting to £301,031 (2024: £237,190). Also during the year, the company charged project fees and costs to Woods Bagot Pty Ltd amounting to £Nil (2024: £10,500). The amount due by the company to Woods Bagot Pty Ltd at 30th June 2025 amounted to £780,969 (2024: £485,608).

Woods Bagot Architects PC

During the year, Woods Bagot Architects PC recharged project fees and costs to the company amounting to £1,031 (2024: £4,404). The amount due by the company to Woods Bagot Architects PC at 30th June 2025 amounted to £18,198 (2024: £18,692).

All charges between related entities have been transacted on an arm's length basis.

9.	POST BALANCE SHEET EVENTS

There are no adjusting events identified after the reporting date.

10.	ULTIMATE CONTROLLING PARTY

The directors confirm that the company's ultimate parent company is 7C Holdings Proprietary Limited (Formerly Woods Bagot Holdings Proprietary Limited) a company incorporated in Australia. There is no single individual having an overall controlling interest in 7C Holdings Proprietary Limited.

The largest and smallest group in which the results of the Company are consolidated is that headed by 7C Holdings Proprietary Limited. The registered office address of the ultimate parent is Mezzanine, 498 Little Collins Street, Melbourne 3000, Victoria Australia.