GRANULAR CAPITAL LTD

Company Registration Number:
11088063 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GRANULAR CAPITAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GRANULAR CAPITAL LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,649 2,331
Total fixed assets: 3,649 2,331
Current assets
Debtors: 4 281,127 373,877
Cash at bank and in hand: 509,050 470,445
Investments:   10,421 10,421
Total current assets: 800,598 854,743
Creditors: amounts falling due within one year: 5 (472,980) (506,311)
Net current assets (liabilities): 327,618 348,432
Total assets less current liabilities: 331,267 350,763
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 331,267 350,763
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: 169,267 188,763
Shareholders funds: 331,267 350,763

The notes form part of these financial statements

GRANULAR CAPITAL LTD

Balance sheet statements

For the year ending 31 December 2024 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 2025
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 2024

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 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 24,940
Additions 3,492
At 31 December 2024 28,432
Depreciation
At 01 January 2024 22,609
Charge for year 2,174
At 31 December 2024 24,783
Net book value
At 31 December 2024 3,649
At 31 December 2023 2,331

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

Trade debtors include management fees receivable during the year £252,739 (2023: £351,765) and performance fee receivable of £Nil (2023: £Nil). No impairment loss recognised during the financial year (2023: £Nil).

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Accrued expenses (£128,436), Corporation Tax payable (£344,544)

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Financial commitments

As at 31 December 2024, 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 2024

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 £382,812 in 2024 compared to £382,248 in 2023. Class A ordinary shares of nominal balance of £100 are held by Thiago Mordehachvili. Granular Capital Holdings Ltd subscribed for Class B ordinary shares of nominal balance of £132,000 (2023: £132,000) where Thiago Mordehachvili is a Director of the Company and the ultimate beneficial owner of the Company
£
Balance at 01 January 2024 382,248
Balance at 31 December 2024 382,812

GRANULAR CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Post balance sheet events

The company declared to pay dividends of £150,000, £50,000 and £60,000 on 13 January 2025, 17 March 2025 and 24 April 2025 respectively.