Company Registration No. 07845944 (England and Wales)
Giant Finance Holdings Limited
Financial statements
for the year ended 31 May 2025
Pages for filing with the registrar
Giant Finance Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Giant Finance Holdings Limited
Statement of financial position
As at 31 May 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,370,205
1,370,205
Current assets
Debtors
5
-
0
25
Cash at bank and in hand
393,236
1,930
Net current assets
393,236
1,955
Total assets less current liabilities
1,763,441
1,372,160
Creditors: amounts falling due after more than one year
6
(1,276,256)
(1,186,006)
Net assets
487,185
186,154
Capital and reserves
Called up share capital
7
426,400
426,400
Profit and loss reserves
60,785
(240,246)
Total equity
487,185
186,154

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
Michael Henry
Director
Company Registration No. 07845944
Giant Finance Holdings Limited
Notes to the financial statements
For the year ended 31 May 2025
2
1
Accounting policies
Company information

Giant Finance Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is of the company and its subsidiary is Festival House, Jessop Avenue, Cheltenham, England, GL50 3SH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving the financial statements , the directors have a reasonable expectation that the true

company has adequate resources to continue in operational existence for the foreseeable future. This is due to the subsidiary undertaking, Giant Finance + Limited having sufficient reserves to enable the company to meet its day to day financial obligations. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Giant Finance Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies (continued)
3
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Giant Finance Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
4
2
Employees

The average monthly number of persons (excluding non-remunerated directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,370,205
1,370,205
4
Subsidiaries

Details of the company's subsidiaries at 31 May 2025 are as follows:

Name of undertaking
Address
Class of shares held
% Held
Direct
Indirect
Giant Finance + Limited
1
Ordinary
100.00
-
Giant Finance Accounts Limited
1
Ordinary
100.00
-

Registered office addresses (all UK unless otherwise indicated):

1
Festival House, Jessop Avenue, Cheltenham, GL50 3SH
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Giant Finance + Limited
2,024,644
597,774
Giant Finance Accounts Limited
5,802
5,801
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
25
Giant Finance Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
5
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to parent company
1,276,256
1,186,006
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
910
910
910
910
Ordinary B shares of £1 each
390
390
390
390
Deferred shares of £1 each
425,100
425,100
425,100
425,100
426,400
426,400
426,400
426,400

Ordinary A and B shares are entitled to one vote each and rank pari passu in dividend payments. Deferred shares do not have voting rights and are entitled pari passu to dividends or other distributions.

Giant Finance Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
6
8
Audit report information

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 statutory auditor was Diane Petit-Laurent FCA and the auditor was Saffery LLP.
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Interest expense
2025
2024
£
£
Entities with control, joint control or significant influence over the company
90,250
91,793
10
Parent company

The company is 100% owned by Giant Finance Limited (formerly Giant Finance PLC). The ultimate controlling party is M J Brown, a director of the company and majority shareholder of Giant Finance Limited.

11
Cross guarantee

The company has provided a cross guarantee to the Royal Bank of Scotland Invoice Financing Limited in respect of a company in which it has control dated 17 January 2012 and 23 October 2012. At 31 May 2025, the amounts due to the Royal Bank of Scotland Invoice Financing Limited, in respect of the subsidiary undertaking Giant Finance + Limited, totalled £3,408,421 (2024: £2,781,147).

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