-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HfsEyK+hxJ9Lfc5OYVBC4HjHryF3WaGXCj6/7J3CA0hbhPY1M+DKCkV/X4m9TfQQ
 pqklVjsbyrRtFEWrAeSWsQ==

<SEC-DOCUMENT>0001179110-03-009643.txt : 20031030
<SEC-HEADER>0001179110-03-009643.hdr.sgml : 20031030
<ACCEPTANCE-DATETIME>20031030172005
ACCESSION NUMBER:		0001179110-03-009643
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031030
FILED AS OF DATE:		20031030

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BORDENAVE ERIC
		CENTRAL INDEX KEY:			0001264742

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31369
		FILM NUMBER:		03967483

	BUSINESS ADDRESS:	
		STREET 1:		5440 W SAHARA
		STREET 2:		3RD FLOOR
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89146
		BUSINESS PHONE:		7029481200

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ONECAP
		CENTRAL INDEX KEY:			0001111845
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				880429535
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		5450 WEST SAHARA AVENUE 3RD FLOOR
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89146
		BUSINESS PHONE:		7029481200

	MAIL ADDRESS:	
		STREET 1:		5450 WEST SAHARA AVENUE 3RDFLOOR
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89146
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 5 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>
<periodOfReport>2003-10-30</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <form3HoldingsReported>1</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0001111845</issuerCik>
        <issuerName>ONECAP</issuerName>
        <issuerTradingSymbol>ONCP</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001264742</rptOwnerCik>
            <rptOwnerName>BORDENAVE ERIC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5440 WEST SAHARA AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>3D FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89146</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>VP-Broker</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value>
</securityTitle>
<transactionCoding><transactionFormType>3</transactionFormType>
</transactionCoding>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>56200</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<derivativeTable><derivativeHolding><securityTitle><value>Option</value>
</securityTitle>
<conversionOrExercisePrice><value>1.00</value>
</conversionOrExercisePrice>
<transactionCoding><transactionFormType>3</transactionFormType>
</transactionCoding>
<exerciseDate><value>2003-01-02</value>
</exerciseDate>
<expirationDate><value>2006-01-02</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>75000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>75000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeTransaction><securityTitle><value>Option</value>
</securityTitle>
<conversionOrExercisePrice><value>1.00</value>
</conversionOrExercisePrice>
<transactionDate><value>2002-10-22</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness><value>L</value>
</transactionTimeliness>
<transactionAmounts><transactionShares><value>2500</value>
</transactionShares>
<transactionPricePerShare><value>0</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2003-01-02</value>
</exerciseDate>
<expirationDate><value>2012-10-22</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>2500</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>2500</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
<derivativeTransaction><securityTitle><value>Option</value>
</securityTitle>
<conversionOrExercisePrice><value>1.00</value>
</conversionOrExercisePrice>
<transactionDate><value>2003-02-20</value>
</transactionDate>
<transactionCoding><transactionFormType>4</transactionFormType>
<transactionCode>A</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness><value>L</value>
</transactionTimeliness>
<transactionAmounts><transactionShares><value>25000</value>
</transactionShares>
<transactionPricePerShare><value>0</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode><value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate><value>2004-01-01</value>
</exerciseDate>
<expirationDate><value>2007-01-01</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>25000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>25000</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes></footnotes>
<ownerSignature><signatureName>Eric Bordenave</signatureName>
<signatureDate>2003-10-30</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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