G A Ameri 0 1 0 31 January 2026 0.00 0.00 5189 0 0 0 Investment advisory services 1 February 2025 0 Equity Share Class 1 1 150000 150000 5724 5593 4550 4550 1174 1043 639 301 639 301 614 301 25 986 919 986 919 5189 4835 1698 1697 1698 1697 2650 2650 1900 1900 5000 5000 Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end, foreign currency monetary items are translated using the closing rate, non-monetary items measured on a historical cost basis are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value in a foreign currency are translated using the rate at the date when the fair value was determined.The Company's functional and presentational currency is the Pound Sterling.The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.111212 116608 111212 116608 111212 116608 121409 5396 4801 1698 1697 1698 1697 7094 6498 131 76 338 42 1698 1697 5189 4835 150000 43873 106127 5189 5189 150000 38684 111316 4835 4835 4835 150000 33849 116151 22 May 2026 43873 38684 106127 111316 106127 111316 111851 116909 5189 4835 6887 6532 6887 11532 5000 LONDON Sawin & Edwards LLP W K Sawin As explained more fully in the Director's responsibilities statement set out on page page 7, the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:adequate accounting records have not been kept by , or returns adequate for our audit have not been received from branches not visited by us; orthe Company financial statements are not in agreement with the accounting records and returns; orcertain disclosures of Director's remuneration specified by law are not made; orwe have not received all the information and explanations we require for our audit. Director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Director's and from the requirement to prepare a Strategic report.We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard , and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.give a true and fair view of the state of the Company's affairs as at 31 January 2026 and of its loss for the year then ended;give a true and fair view of the state of the group 's and of the parent Company's affairs as at 31 January 2026 and of the group's for the year then ended;have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; andhave been prepared in accordance with the requirements of the Companies Act 2006.We have audited the financial statements of European Capital Markets Ltd (the Company) for the year ended 31 January 2026, which comprise the Profit and loss account, the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).The Director is responsible for preparing the Strategic report, the Director's report and the financial statements in accordance with applicable law and regulations.Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.In preparing these financial statements, the Director is required to:select suitable accounting policies for the Company's financial statements and then apply them consistently;make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.22 May 2026 The Director at the time when this Director's report is approved has confirmed that:so far as they are aware, there is no relevant audit information of which the Company's auditors are unaware, and has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.Studio 16 Cloisters House London 8 Battersea Park Road SW8 4BG 05004266 31 January 2026 Strategic Report, Director's report and Financial Statements European Capital Markets Ltd Financials UK FRS 102 2026.3.0+76851 22 May 2026 05004266 bus:Audited 2025-02-01 2026-01-31 05004266 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 05004266 bus:OrdinaryShareClass1 2026-01-31 05004266 core:RetainedEarningsAccumulatedLosses 2026-01-31 05004266 core:RetainedEarningsAccumulatedLosses 2025-01-31 05004266 core:SharePremium 2025-01-31 05004266 core:ShareCapital 2025-01-31 05004266 countries:FurtherSpecificRegion1ComponentAllCountriesRegions 2024-02-01 2025-01-31 05004266 bus:Director1 2025-02-01 2026-01-31 05004266 core:ShareCapital 2026-01-31 05004266 core:CurrentFinancialInstruments 2026-01-31 05004266 core:SharePremium 2025-02-01 2026-01-31 05004266 core:SharePremium 2024-02-01 2025-01-31 05004266 bus:RegisteredOffice 2025-02-01 2026-01-31 05004266 core:ShareCapital 2024-02-01 05004266 bus:FullAccounts 2025-02-01 2026-01-31 05004266 curr:PoundSterling 2025-02-01 2026-01-31 05004266 core:Non-currentFinancialInstruments 2025-01-31 05004266 bus:OrdinaryShareClass1 2025-01-31 05004266 core:SharePremium 2024-02-01 05004266 core:SharePremium 2026-01-31 05004266 7 2024-02-01 2025-01-31 05004266 2025-02-01 05004266 core:CurrentFinancialInstruments 2025-01-31 05004266 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 05004266 7 2025-02-01 2026-01-31 05004266 core:Non-currentFinancialInstruments 2026-01-31 05004266 bus:FRS102 2025-02-01 2026-01-31 05004266 2025-01-31 05004266 2026-01-31 05004266 2024-02-01 2025-01-31 05004266 core:ContinuingOperations 2024-02-01 2025-01-31 05004266 2025-02-01 2026-01-31 05004266 core:ContinuingOperations 2025-02-01 2026-01-31 05004266 2024-02-01 xbrli:pure xbrli:pure xbrli:shares iso4217:GBP iso4217:GBP xbrli:shares iso4217:GBP

Registered number: 05004266 # European Capital Markets Ltd ​​​​​ #### Strategic Report, Director's report and Financial Statements #### For the year ended 31 January 2026
European Capital Markets Ltd Contents
2
3
5
7
8
13
14
15
16
17
European Capital Markets Ltd Company information #### ​Director Gian A. Ameri #### Registered number 05004266​ #### Registered office ​​Studio 16​ Cloisters House​ 8 Battersea Park Road​ London​ ​ SW8 4BG​ #### ​Independent auditors Sawin & Edwards LLP Chartered Accountants Studio 16 Cloisters House 8 Battersea Park Road LONDON SW8 4BG
European Capital Markets Ltd Strategic report For the year ended 31 January 2026 #### Introduction The director presents his strategic report for the year ended 31 January 2026. #### Business review The key financial and other performance indicators during the year were as follows:
| 2026 | 2025 | Change %
| £ | £ |
Turnover | - | 5,000 | -100
Loss for the year after tax | (5,189) | (4,835) | 7.32
Equity shareholder funds | 106,127 | 111,316 | -4.66
The company provided advisory services during the previous year which generated £5,000 of turnover. There was no turnover in the current year. Loss for the year after tax has increased by £354 : this is mainly due to a rise in expenses during the year. Equity shareholder funds decreased by 4.6% in the year. This decrease was due to a loss made in the year. #### Principal risks and uncertainties The principal uncertainties facing the company are: - the ability of the company to generate turnover and gain new business against a background of volatile financial markets. - the uncertainties facing financial markets as a result the recent conflict in the Middle East, the continuing conflict in Ukraine and the resulting rapid escalation of energy cost inflation. - the difficulties facing UK financial firms post Brexit seeking to promote and/or sell financial services into the EU. - the uncertainty of the Company being able to retain its FCA registration and permissions by continuing to generate income from regulated activities.
European Capital Markets Ltd Strategic report For the year ended 31 January 2026 #### S172 (1) COMPANIES ACT 2006 #### Statement by the directors in performance of their statutory duties in accordance with s172 (1) Companies Act 2006 The main decision made by the director during the year was that the company should continue to seek new business opportunities. The Company is currently seeking a new business opportunity and therefore does not have suppliers, customers or others who require consideration by the directors and also there are no activities that could impact the community or the environment. The Company currently has no employees and so there are no factors which could affect employees' interests. The director acknowledges that the Company will seek to maintain a reputation for high standards of business conduct. This report was approved by the director:
Director Gian A. Ameri | ​​
| ​​​
22 May 2026 |
European Capital Markets Ltd Director's report For the year ended 31 January 2026 The Director presents​​ his​ annual report and the financial statements of European Capital Markets Ltd ("the Company") for the year ended 31 January 2026. Principal activity The company's principal activity during the year continued to be the provision of financial services. The company is authorised by the FCA to carry out regulated work. #### Director​​​​​ G A Ameri held office during the whole of the period from 1 February 2025 to the date of this report. #### Dividends No dividends will be distributed for the year ended 31 January 2026. #### Financial instruments See note 15 to the accounts. #### Future developments The Company continues to pursue a number of activities with a view to providing advice on investments and identifying and arranging deals in investments for UK and overseas non-private customers in respect of transferrable securities and without incurring debt with a client or committing a client on a "firm commitment basis". #### Disclosure of information to auditors The Director​​​ at the time when this Director's report​​ is approved has confirmed that:
| • | so far as they are​​​​​ aware, there is no relevant audit information of which the Company's auditors are unaware, and
| • | ​​​ has taken all the steps that ought to have been taken as a Director​ in order to be aware of any relevant audit information and to establish that the Company​'s auditors​​​​ are​​​ aware of that information.
European Capital Markets Ltd Director's report For the year ended 31 January 2026 Auditors ​ Under section 487(2) of the Companies Act 2006, Sawin & Edwards LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar whichever is earlier. This report was approved by the board and signed on its behalf:
G A Ameri |
Director |
Date: 22 May 2026
European Capital Markets Ltd Director's responsibilities statement For the year ended 31 January 2026 The Director is​​ responsible for preparing the Strategic report, the Director's report and​​ the​ financial statements in accordance with applicable law and regulations. Company law requires the Director to prepare financial statements for each financial year. Under that law the Director has​ elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Director is required to:
| • | select suitable accounting policies for the Company's financial statements and then apply them consistently;
| • | make judgements and accounting estimates that are reasonable and prudent;
| • | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
| • | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the ​ Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company​ and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company​ and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the director:
G A Ameri​​​​​ | ​​
Director | ​​​
Date: 22 May 2026
European Capital Markets Ltd Independent auditors' report to the shareholders of European Capital Markets Ltd #### Opinion We have audited the financial statements of European Capital Markets Ltd​ (the Company)​​​ for the year ended 31 January 2026, which comprise the Profit and loss account, the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:
| • | give a true and fair view of the state of the Company's affairs as at 31 January 2026 and of its loss for the year then ended;
| • | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
| • | have been prepared in accordance with the requirements of the Companies Act 2006.
#### Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors'​​ responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the ​​​​financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard​​​​​, and we​ have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we​​​ have obtained is sufficient and appropriate to provide a basis for our opinion. #### Conclusions relating to going concern In auditing the financial statements, we have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.
European Capital Markets Ltd Independent auditors' report to the shareholders of European Capital Markets Ltd #### Other information The Director is responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our report thereon. Our​​ opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we​​ do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we​ identify such material inconsistencies or apparent material misstatements, we are​ required to determine whether there is a material misstatement in the ​​​​​​financial statements or a material misstatement of the other information. If, based on the work we​​ have performed, we​​ conclude that there is a material misstatement of this other information, we are​​ required to report that fact. We have nothing to report in this regard. #### Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:
| • | the information given in the Strategic Report and the ​Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
| • | the Strategic Report and the ​Director's Report has been prepared in accordance with applicable legal requirements.
#### Matters on which we are required to report by exception In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report and the Director's report. ​We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
| • | adequate accounting records have not been kept by, or returns adequate for our audit have not been received from branches not visited by us; or
| • | the Company​ financial statements are not in agreement with the accounting records and returns; or
| • | certain disclosures of Director's remuneration specified by law are not made; or
| • | we​ have not received all the information and explanations we require for our audit.​​​​
European Capital Markets Ltd Independent auditors' report to the shareholders of European Capital Markets Ltd #### Responsibilities of directors As explained more fully in the Director's responsibilities statement set out on page page 7, the Director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Director is responsible for assessing the Company​'s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so. #### Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these ​​​financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Discussions were held with the director with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: - Those laws and regulations considered to have a direct effect on the financial statements include FCA regulations, UK financial reporting standards, Company Law and Tax legislation. - It is considered that there are laws and regulations for which non-compliance may be fundamental to the operating aspects of the business. These are FCA regulations.
European Capital Markets Ltd Independent auditors' report to the shareholders of European Capital Markets Ltd Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors'​ report. #### Use of our report This report is made solely to the Company's shareholders, as a body​, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's shareholders​ those matters we are required to state to them in an auditors'​ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company​ and the Company's shareholders as a body, for our audit work, for this report, or for the opinions we have formed.
European Capital Markets Ltd Independent auditors' report to the shareholders of European Capital Markets Ltd W K Sawin​ (Senior statutory auditor) For and on behalf of Sawin & Edwards LLP Statutory Auditors Studio 16 Cloisters House 8 Battersea Park Road London SW8 4BG​ Chartered Accountants Studio 16 Cloisters House 8 Battersea Park Road ​LONDON SW8 4BG 22 May 2026
European Capital Markets Ltd Profit and loss account and Statement of Comprehensive Income For the year ended 31 January 2026
|  | 2026 £ | 2025 £
--- | --- | --- | ---
Turnover | 3 | - | 5,000
Administrative expenses |  | (6,887) | (11,532)
Operating Loss |  | (6,887) | (6,532)
Other interest receivable and similar income |  | 1,698 | 1,697
Loss before tax |  | (5,189) | (4,835)
Loss for the financial year |  | (5,189) | (4,835)
The notes on pages 17 to 23 form part of these financial statements.
European Capital Markets Ltd Registered number: 05004266​ Balance sheet​ As at 31 January 2026
| Note | 2026 £ | 2025 £
--- | --- | --- | ---
Current assets |  |  |
Debtors: amounts falling due after more than one year | 8 | 639 | 301
Cash at bank and in hand |  | 111,212 | 116,608
|  | 111,851 | 116,909
Creditors: amounts falling due within one year | 9 | (5,724) | (5,593)
Net current assets |  | 106,127 | 111,316
Net assets |  | 106,127 | 111,316
Capital and reserves |  |  |
Called up share capital | 10 | 150,000 | 150,000
Profit and loss account | 11 | (43,873) | (38,684)
Total capital and reserves |  | 106,127 | 111,316
The financial statements were approved and authorised for issue by the board and were signed on its behalf:
G A Ameri​​​​​ | ​​
Director | ​​​
Date 22 May 2026 The notes on pages 17 to 23 form part of these financial statements.
European Capital Markets Ltd Statement of changes in equity For the year ended 31 January 2026​
| Note | Called up share capital £ | Profit and loss account £ | Total £
--- | --- | --- | --- | ---
At 1 February 2024 |  | 150,000 | (33,849) | 116,151
Loss for the year |  | - | (4,835) | (4,835)
At 1 February 2025 |  | 150,000 | (38,684) | 111,316
Loss for the year |  | - | (5,189) | (5,189)
At 31 January 2026 |  | 150,000 | (43,873) | 106,127
The notes on pages 17 to 23 form part of these financial statements.
European Capital Markets Ltd Statement of cash flows For the year ended 31 January 2026​
| 2026 £ | 2025 £
--- | --- | ---
Operating activities |  |
Profit before tax from continuing operations | (5,189) | (4,835)
Adjustments to reconcile profit before tax to net cash flows: |  |
Finance income | (1,698) | (1,697)
Working capital changes: |  |
Decrease/(increase) in trade receivables, contract assets and prepayments | (338) | (42)
Increase in trade and other payables, contract liabilities and refund liabilities | 131 | 76
Net cash generated from/used in operating activities | (7,094) | (6,498)
Investing activities |  |
Interest received | 1,698 | 1,697
Net increase/decrease in cash and cash equivalents | (5,396) | (4,801)
Cash and cash equivalents at start of year | 116,608 | 121,409
Cash and cash equivalents at end of year | 111,212 | 116,608
Cash and cash equivalents at the end of the year comprise: |  |
Cash | 111,212 | 116,608
The notes on pages 17 to 23 form part of these financial statements.
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 1. General information European Capital Markets Ltd is a private company limited by shares and is incorporated in United Kingdom. The address of its registered office is Studio 16​, Cloisters House​, 8 Battersea Park Road​, London​, SW8 4BG. The company registration number is 05004266. The principal place of business is 25-27 Sloane Court West, London, SW3 4TD. The company's functional and presentational currency is pounds sterling. The director has authorised the issue of these financial statements on the date of the statement as set out on page 14. 2. Accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated. a. Basis of preparation of financial statements The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with ​Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's​ accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note #. The Company's functional and presentational currency is the Pound Sterling. b. Foreign currency translation Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end, foreign currency monetary items are translated using the closing rate, non-monetary items measured on a historical cost basis are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value in a foreign currency are translated using the rate at the date when the fair value was determined.
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 2. Accounting policies continued Revenue Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Debtors Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'. Creditors Short-term 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 remeasured subsequently at amortised cost using the effective interest method. Share capital Equity shares issued are recognised at the proceeds received. Incremental costs directly attributable to the issue of new equity shares or options are shown in equity as a deduction, net of tax, from the proceeds. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss and Statement of Comprehensive Income, 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.
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 2. Accounting policies continued Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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. Financial instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as unlisted investments, debtors and creditors. Financial assets and financial liabilities are recognised on the balance sheet when the Company becomes a party to the contractual provisions of the instrument. Going concern The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern. 3. Turnover The turnover and loss before taxation are attributable to the one principal activity of the company. An analysis of turnover by geographical market is given below:
| 2026 £ | 2025 £
--- | --- | ---
United Kingdom | - | 5,000
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 4. Auditors'
| 2026 £ | 2025 £
--- | --- | ---
Fees payable to the Company's auditor for the audit of the Company's annual financial statements | 1,900 | 1,900
Fees payable to the Company's auditor and its associates in respect of: |  |
All other non-audit services | 2,650 | 2,650
5. Employees and Directors Staff costs, including Director's remuneration, were as follows: The Company​​ had no employees and as a result, did not incur any staff costs nor any director's remuneration , in either of the current year or prior year. 6. interest receivable and similar income
| 2026 £ | 2025 £
--- | --- | ---
Bank interest receivable | 1,698 | 1,697
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 7. Taxation #### Factors affecting tax credit for the year The tax assessed for the year is 19% (2025 - 19%) the standard rate of corporation tax in the UK of 19% (2025 - 19%). The differences are explained below:
Reconciliation of tax credit | 2026 £ | 2025 £
--- | --- | ---
Profit/loss before tax | (5,189) | (4,835)
Profit/loss multiplied by the standard rate of corporation tax in the UK of 19% (2025 - 19%) | (986) | (919)
Effects of: |  |
Unrelieved tax losses carried forward | 986 | 919
Total tax credit for the year | - | -
8. Debtors
| 2026 £ | 2025 £
--- | --- | ---
Due after more than one year |  |
Other debtors | 25 | -
Prepayments and accrued income | 614 | 301
| 639 | 301
| 2026 £ | 2025 £
--- | --- | ---
Total debtors | 639 | 301
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 9. Creditors
| 2026 £ | 2025 £
--- | --- | ---
Other creditors | 1,174 | 1,043
Accruals and deferred income | 4,550 | 4,550
| 5,724 | 5,593
10. Share capital
|  | 2026 Par Value £ | 2026 Number | 2026 £ | 2025 Number | 2025 £
--- | --- | --- | --- | --- | --- | ---
Equity Share Class 1 | share of | 1 | 150,000 | 150,000 | 150,000 | 150,000
11. Reserves
Profit and loss account | 2026 £ | 2025 £
--- | --- | ---
At 1 February 2025 | (38,684) | (33,849)
Deficit in the year | (5,189) | (4,835)
At 31 January 2026 | (43,873) | (38,684)
12. Analysis of net debt
| At 1 February 2025 £ | At 31 January 2026 £
--- | --- | ---
Cash at bank and in hand | 116,608 | 116,608
Debt due within one year | (1,043) | (1,043)
| 115,565 | 115,565
European Capital Markets Ltd Notes to the financial statements For the year ended 31 January 2026 13. Related party disclosures During the year the director, Gian A. Ameri, paid expenses on behalf of the company for £131 (2025: £76).At the year end, the company owed £1,174 (2025: £1,043) to G A Ameri. 14. Ultimate controlling party The company is under the control of the director, Gian A. Ameri, who owns 100% of the issued share capital of the company. 15. Financial instruments The company’s principal financial instruments comprise cash, short term deposits and short term investments, the main purpose of which is to finance the company’s operations and expansion. The company has other financial instruments such as trade debtors and trade creditors which arise directly from normal trading. The company has not entered into any derivative or other hedging instruments. The main risks arising from the company’s financial instruments are interest rate risk and liquidity risk. The Board reviews and agrees policies for managing each of these risks and these are summarised below. Interest rate risks The company manages its liquidity through the use of cash deposits at variable rates of interest for a variety of short term periods, depending on cash requirements. The rates are reviewed regularly and the best rate obtained in the context of the company’s need. Liquidity risks The company’s policy throughout the year has been to ensure that it has adequate liquidity by careful management of its working capital. 16. Capital requirement As at 31 January 2026, the company's base capital requirement under the Financial Conduct Authority regulations amounted to £10,000 (2025:£10,000).
DEBUG: placeholder for completely blank areas