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GRANITEBRIDGE LIMITED

Registered Number
SC488994
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2024

GRANITEBRIDGE LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

KEANE, Robert

Registered Address

19 Adelphi
Merchant Quarter
Aberdeen
AB11 5BL

Registered Number

SC488994 (Scotland)
GRANITEBRIDGE LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid1010
Fixed assets
Tangible assets3124,592124,592
Investments495-
124,687124,592
Current assets
Debtors492192
Cash at bank and on hand28567
777259
Creditors amounts falling due within one year5(14,722)(14,219)
Net current assets (liabilities)(13,935)(13,950)
Total assets less current liabilities110,752110,642
Creditors amounts falling due after one year6(110,587)(110,550)
Net assets16592
Capital and reserves
Called up share capital1010
Profit and loss account15582
Shareholders' funds16592
The financial statements were approved and authorised for issue by the Director on 3 July 2025, and are signed on its behalf by:
KEANE, Robert
Director
Registered Company No. SC488994
GRANITEBRIDGE LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 November 23124,592124,592
At 31 October 24124,592124,592
Net book value
At 31 October 24124,592124,592
At 31 October 23124,592124,592
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions9595
At 31 October 249595
Net book value
At 31 October 249595
At 31 October 23--

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,56613,370
Taxation and social security941829
Accrued liabilities and deferred income21520
Total14,72214,219
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,6704,218
Amounts owed to related parties106,917106,332
Total110,587110,550