European Capital Markets Ltd

​Director

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:

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.

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:

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:

This report was approved by the board and signed on its behalf:

Date: 22 May 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:

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:

Date: 22 May 2026 

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:

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.

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:

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:

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

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.

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​

22 May 2026

The notes on pages 17 to 23 form part of these financial statements.

The financial statements were approved and authorised for issue by the board and were signed on its behalf:

Date

22 May 2026 

The notes on pages 17 to 23 form part of these financial statements.

The notes on pages 17 to 23 form part of these financial statements.

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.

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.

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.

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.

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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'.

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.

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 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.

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.

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.

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:

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.

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:

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.

The company is under the control of the director, Gian A. Ameri, who owns 100% of the issued share capital of the company.

As at 31 January 2026, the company's base capital requirement under the Financial Conduct Authority regulations amounted to £10,000 (2025:£10,000).