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REGISTERED NUMBER: 07143407 (England and Wales)















Audited Financial Statements for the Year Ended 31 December 2023

for

Granted Consultancy Limited

Granted Consultancy Limited (Registered number: 07143407)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Granted Consultancy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G B Ryan
J C Sweet





REGISTERED OFFICE: 100 Liverpool Street
London
EC2M 2AT





REGISTERED NUMBER: 07143407 (England and Wales)





AUDITORS: Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE

Granted Consultancy Limited (Registered number: 07143407)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 14,713
Tangible assets 5 9,998 13,596
Investments 6 - 1
9,998 28,310

CURRENT ASSETS
Debtors 7 989,504 547,074
Cash at bank 237,116 257,486
1,226,620 804,560
CREDITORS
Amounts falling due within one year 8 (438,582 ) (212,514 )
NET CURRENT ASSETS 788,038 592,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

798,036

620,356

PROVISIONS FOR LIABILITIES 9 (1,900 ) (2,583 )
NET ASSETS 796,136 617,773

CAPITAL AND RESERVES
Called up share capital 10 397 397
Share premium 238,824 238,824
Retained earnings 556,915 378,552
SHAREHOLDERS' FUNDS 796,136 617,773

Granted Consultancy Limited (Registered number: 07143407)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





G B Ryan - Director


Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Granted Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
The following judgement (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Share-based payments
The company assessed that it is not probable that vesting will occur during the service period. Vesting of these options is contingent on a qualifying liquidity event, including an initial public offering. When assessing the probability, the directors have considered the factors and likelihood of the share options vesting. As a result no expense has been recognised in the financial statements in relation to the share options held by employees.

Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Turnover
The Company performs services for clients under engagement specific contracts and receives a commission in exchange. Such contracts generally specify the agreed upon scope of the engagement, the time periods covered by the engagement, the client's responsibility in providing information to and cooperating with the Company, and the commission fee payable to the Company.

Turnover from contracts which are generated from grant writing recognises the stage of completion when the grant claim has been submitted to the client. Fees are based on the specific contract with the customer.

Turnover from contracts which are generated from successor fees recognises the stage of completion when the customer has passed all the steps required to obtain the grant. Fees are calculated on a percentage of the total grant received.

Turnover from service project contracts are recognised at the stage the service is being provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers 30% reducing balance.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments
An equity-settled share-based payment expense is measured at the fair value of goods or services received, unless that cannot be reliably estimated, in which case the fair value of the equity instruments granted is used. The fair value of equity instruments is measured at the grant date, for transaction with employees, or otherwise at the date that goods or services are received. Employee service conditions and non-market performance conditions are not considered in the fair value calculation but are considered for each period when estimating the number of equity instruments expected to vest. At each statement of financial position date, the company revises its estimates of the number of options expected to vest. It recognises the impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment to equity termed a share option reserve.

Employee benefits
The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 26 ) .

Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 14,713
Disposals (14,713 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 14,713

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 34,056
Additions 687
At 31 December 2023 34,743
DEPRECIATION
At 1 January 2023 20,460
Charge for year 4,285
At 31 December 2023 24,745
NET BOOK VALUE
At 31 December 2023 9,998
At 31 December 2022 13,596

Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Shares in
group
undertakings
£   
COST
At 1 January 2023 1
Disposal (1 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1

The investment and disposal relates to Granted Fuse Limited, a previously dormant company which was dissolved on 22 August 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 766,297 527,122
Other debtors 223,207 19,952
989,504 547,074

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,165 8,999
Amounts owed to group undertakings 14,160 -
Taxation and social security 246,517 194,898
Other creditors 170,740 8,617
438,582 212,514

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,900 2,583

Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 2,583
Credit to Income Statement during year (683 )
Balance at 31 December 2023 1,900

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
350 Ordinary £1 350 350
47 "A" Ordinary £1 47 47
397 397

Ordinary shares have full voting rights and rights to participate in dividends or other distribution. "A" Ordinary shares are non-voting and have no rights to participate in dividends or other distribution.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior auditor was Richard Collis.

The auditor was Saffery LLP.

12. POST BALANCE SHEET EVENTS

There are no adjusting post balance sheet events that took place after 31 December 2023.

Granted Consultancy Limited (Registered number: 07143407)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. ULTIMATE CONTROLLING PARTY

The Company is controlled by Research and Development Tax Solutions Limited, which is in
turn owned by Research and Development Tax Solutions (Holdings) Limited, which is in turn
owned by Ryan Tax Services UK Limited.
The ultimate controlling parent company is Ryan LLC, a Company registered in the USA. The
directors consider G.B Ryan to be the ultimate controlling party.

The consolidated financial statements of Ryan LLC and subsidiaries can be obtained from the
following address:
Three Galleria Tower
13155 Noel Road
Suite 100
Dallas, Texas 75240
USA

14. SHARE-BASED PAYMENT TRANSACTIONS

Ryan LLC, the ultimate controlling party has granted share options to certain employees in Granted Consultancy Limited. No share option expense arising on these options (2022:£Nil) have been recognised in the profit and loss account, as vesting was not determined to be probable within the service period.

As a qualifying entity, under Section 1.12 of FRS 102, Granted Consultancy Limited has taken an exemption from disclosing the full details of the share-based payment arrangements. The equivalent disclosures are included in the consolidated financial statements of Ryan LLC in which Granted Consultancy Limited is consolidated.