GRANULAR CAPITAL LTD

Company Registration Number:
11088063 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GRANULAR CAPITAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GRANULAR CAPITAL LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,331 4,675
Total fixed assets: 2,331 4,675
Current assets
Debtors: 4 373,877 328,839
Cash at bank and in hand: 470,445 373,806
Investments:   10,421 10,421
Total current assets: 854,743 713,066
Creditors: amounts falling due within one year: 5 (506,311) (273,795)
Net current assets (liabilities): 348,432 439,271
Total assets less current liabilities: 350,763 443,946
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 350,763 443,946
Capital and reserves
Called up share capital: 132,100 132,100
Share premium account: 14,900 14,900
Other reserves: 15,000 15,000
Profit and loss account: 188,763 281,946
Shareholders funds: 350,763 443,946

The notes form part of these financial statements

GRANULAR CAPITAL LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2024
and signed on behalf of the board by:

Name: Darren Mirams
Status: Director

The notes form part of these financial statements

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 24,940
Additions 0
Disposals 0
Revaluations 0
At 31 December 2023 24,940
Depreciation
At 01 January 2023 20,265
Charge for year 2,344
At 31 December 2023 22,609
Net book value
At 31 December 2023 2,331
At 31 December 2022 4,675

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

Trade debtors include management fees receivable during the year £351,765 (2022: £293,406) and performance fee receivable of £nil (2022: £nil). No impairment loss recognised during the year (2022: £nil).

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Accrued expenses (£148,784), Corporation Tax payable (£357,527

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Financial commitments

As at 31 December 2023, the Company has the following minimum lease payments under cancellable operating lease. Not later than 1 year £76,000, later than 1 year not later than 5 years £200,000

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: The Directors of the Company during the financial year had interest in transactions conducted within the Company. Renumeration in respect of the Directors was £382,248 in 2023 compared to £357,665 in 2022. Class A ordinary shares of nominal balance of £100 are held by Thiago Mordehachvili. Granular Capital Ltd subscribed for Class B ordinary shares of nominal balance of £132,000 (2022: £132000) where Thiago Mordehahcvili is a Director of the Company and the ultimate beneficial owner of the Company.
£
Balance at 01 January 2023 357,665
Balance at 31 December 2023 382,248

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Post balance sheet events

The company declared to pay dividends of £300,000, £130,000, £270,000 and £270,000 on 8 January 2024, 5 February 2024, 4 March 2024 and 15 April 2024, respectively