Echo Capital Investments Ltd 31/01/2025 iXBRL

Company registration number: 12836290

Echo Capital Investments Ltd

Unaudited filleted financial statements

31 January 2025

Echo Capital Investments Ltd

Contents

Statement of financial position

Notes to the financial statements

Echo Capital Investments Ltd

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,300,000		2,430,350
		_______		_______
			2,300,000		2,430,350

Current assets
Debtors	6	62,543		48,157
Cash at bank and in hand		1,193		4,252
		_______		_______
		63,736		52,409
Creditors: amounts falling due
within one year	7	( 153,137)		( 226,922)
		_______		_______
Net current liabilities			( 89,401)		( 174,513)
			_______		_______
Total assets less current liabilities			2,210,599		2,255,837

Creditors: amounts falling due
after more than one year	8		( 2,287,028)		( 2,201,799)
			_______		_______
Net (liabilities)/assets			( 76,429)		54,038
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			( 77,429)		53,038
			_______		_______
Shareholders (deficit)/funds			( 76,429)		54,038
			_______		_______

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Rakesh Nanji Kishan Naran Nanji

Director Director

Company registration number: 12836290

Echo Capital Investments Ltd

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor Scottish Provident House, 76-80 College Road, Harrow, Middlesex, HA1 1BQ. The principal activity of the company is property development and lettings of own properties.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors believe that the company is earning good levels of income, and with continued support from the shareholders, it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents receivable for rents, stated net of Value Added Tax. Turnover excludes service charges which are offset against relevant expenditure.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties, being properties held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments 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. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

This represents the directors.

5. Tangible assets

	Freehold properties	Total
	£	£
Cost or valuation
At 1 February 2024	2,430,350	2,430,350
Fair value adjustment	( 130,350)	( 130,350)
	_______	_______
At 31 January 2025	2,300,000	2,300,000
	_______	_______
Depreciation
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	2,300,000	2,300,000
	_______	_______
At 31 January 2024	2,430,350	2,430,350
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 February 2024	2,430,350
	Fair value adjustments	( 130,350)
		_______
	At 31 January 2025	2,300,000
		_______

The investment properties were revalued by the directors (who are not qualified valuers) having regard to similar properties in the area and current market values. In their opinion, where there is significant difference between cost and fair values at 31 January 2025, these values have been incorporated in the financial statements.

6. Debtors

	2025	2024
	£	£
Trade debtors	25,982	-
Other debtors	36,561	48,157
	_______	_______
	62,543	48,157
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan ( note 8 )	21,000	16,100
Trade creditors	58,084	112,133
Social security and other taxes	9,596	8,800
Other creditors	64,457	89,889
	_______	_______
	153,137	226,922
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	1,498,588	1,520,159
Amounts owed to connected company	461,200	461,200
Other creditors	327,240	220,440
	_______	_______
	2,287,028	2,201,799
	_______	_______

The bank loan is secured on the investment properties and other assets of the company.

Other creditors represent shareholders' loans which are unsecured and repayable on 1 February 2026. Connected company loan is at 5%, unsecured and repayable on 1 January 2028.

Bank loan outstanding at the reporting date include an amount of £ 624,830 (2024 £ 641,501) repayable by instalments and an amount of £ 894,758 repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.