Company Registration No. 10595824 (England and Wales)
Giant Finance Limited
(previously known as Giant Finance Plc)
Annual report and financial statements
for the year ended 31 May 2025
Giant Finance Limited
(previously known as Giant Finance Plc)
Company information
Directors
Michael Henry
Mark McAllister
Alison Small
Matthew Brown
Secretary
Michael Henry
Company number
10595824
Registered office
Festival House
Jessop Avenue
Cheltenham
England
GL50 3SH
Independent auditor
Saffery LLP
Trinity
16 John Dalton Street
Manchester
M2 6HY
Giant Finance Limited
(previously known as Giant Finance Plc)
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 18
Giant Finance Limited
(previously known as Giant Finance Plc)
Strategic report
For the year ended 31 May 2025
1

The directors present the strategic report for the year ended 31 May 2025.

Review of the business

Giant Finance Limited continues to focus on the provision of software, payroll and financing solutions to recruitment agencies through the main trading business - Giant Finance + Limited.

Giant Finance Limited via its subsidiaries offer an end-to-end service which meets all the administrative and finance needs of a recruitment business; we provide services using our cloud based, end to end proprietary software, payroll support and introductions to Giant group services for compliant global workforce solutions.

The provision of invoice finance continues to be a key part of our offering, Giant Finance + Limited provide finance alongside bad debt protection to reduce both our risk and that of our clients.

During the year the company has acted mainly as a holding company; no trading is conducted through this company although loans are provided to subsidiary companies.

Principal risks and uncertainties

The key risks identified and the mitigation for these are:

Strategic risk – The risk that subsidiary investments do not increase net asset value is mitigated by robust project planning for new product launches and due diligence and warranties in respect of any acquisitions;

Liquidity and funding risk - The company manages cash requirements with loans from other companies under common shareholder control, where required;

Credit risk – The risk of default and bad debts This is mitigated by following adopted credit policies and close credit control of outstanding debt with credit insurance across the majority of debts outstanding within trading subsidiaries.

Compliance risk - The business is compliant with applicable legislation and company law and is reactive to changes in regulation as they arise.

Future Strategy

The company and via its subsidiaries will continue to focus on providing systems, payroll services and invoice finance to the recruitment sector. Through continuous innovation of services and knowledge of clients in the market, Giant will offer straightforward, compliant services to clients.

The company is associated to a wider network of businesses through common shareholders and will continue to use the sales networks and channels available through this network together with the system development team to drive strong performance and an excellent customer experience for our chosen market. The group is focussed on growing organically and may consider suitable acquisition opportunities.

Quality assurance standard remain critical to our success and ISO 9001 accreditation ensures our processes support efficient internal operations and support good customer service.

Changes in employment market legislation changes provide an opportunity to use our skills of compliance, innovation and good value customer service.

Key performance indicators

Key performance indicators relate to investments in the subsidiaries Giant Finance Holdings Limited and Giant Finance + Limited, namely retained profit generated in the year and net asset value.

2025
2024
£
£
Capital & reserves
2,511,829
2,949,600
Retained profit in year
507,490
793,376
Giant Finance Limited
(previously known as Giant Finance Plc)
Strategic report (continued)
For the year ended 31 May 2025
2

Profit for the year excludes dividends received in Giant Finance Holdings Limited from Giant Finance + Limited of £1,336,576.

S172(1) Statement

The company and subsidiaries recognise the importance of effective corporate governance in supporting long-term and sustainable success of the business. The members of the board draw upon a wide range of technical and commercial experience when making decisions.

Staff

Hybrid working continues to be an option for all staff in the businesses. There are regular one to one meetings held and 6 monthly formal reviews to set clear goals. Weekly business updates are provided from a senior manager to keep staff aware of what is happening in the business. The company offers an employee assistance programme for staff.

Board meetings

The company holds monthly board meetings throughout the year and is supported by management and operational reports provided by the business to assist with informed decision making. Appropriate agenda items are raised appropriate to the size and complexity of the business.

Decision Making

The fundamental approach to making decisions requires the need to consider the interests of company employees together with those of customers, suppliers and other key stakeholders as well as the environment.

Principal Decisions

Client underwriting decisions are agreed via a credit committee process and quorum, decisions are made on a risk-based approach.

Culture

The company people values form the principles of the company culture and are used by the Board as a guiding framework for decision making. Good governance and decision making are essential to ensuring business decisions and conduct are of a high standard. This assists with the delivery of our purpose whilst at the same time protecting the Company’s reputation.

On behalf of the board

Michael Henry
Director
14 October 2025
Giant Finance Limited
(previously known as Giant Finance Plc)
Directors' report
For the year ended 31 May 2025
3

The directors present their annual report and financial statements for the year ended 31 May 2025.

Principal activities

The principal activity of the company continued to be that of a holding company.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Michael Henry
Mark McAllister
Alison Small
Matthew Brown
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Business relationships

The Directors and Management Team regularly review how they maintain positive relationships with all its stakeholders including suppliers, customers and others. They have built a reputation for being straightforward, fair and transparent with all stakeholders.

Auditor

Saffery LLP have expressed their willingness to continue in office.

Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

Giant Finance Limited
(previously known as Giant Finance Plc)
Directors' report (continued)
For the year ended 31 May 2025
4
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of financial risk management included within principle risk and uncertainties, future strategies.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Michael Henry
Director
14 October 2025
Giant Finance Limited
(previously known as Giant Finance Plc)
Independent auditor's report
To the members of Giant Finance Limited
5
Opinion

We have audited the financial statements of Giant Finance Limited (the 'company') for the year ended 31 May 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Giant Finance Limited
(previously known as Giant Finance Plc)
Independent auditor's report
To the members of Giant Finance Limited (continued)
6

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the company by discussions with directors and by updating our understanding of the sector in which the company operates.

Laws and regulations of direct significance in the context of the company include The Companies Act 2006 and UK Tax legislation.

Giant Finance Limited
(previously known as Giant Finance Plc)
Independent auditor's report
To the members of Giant Finance Limited (continued)
7

Audit response to risks identified

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Diane Petit-Laurent FCA
Senior Statutory Auditor
For and on behalf of Saffery LLP
14 October 2025
Statutory Auditors
Trinity
16 John Dalton Street
Manchester
M2 6HY
Giant Finance Limited
(previously known as Giant Finance Plc)
Statement of comprehensive income
For the year ended 31 May 2025
8
2025
2024
Notes
£
£
Administrative expenses
(225)
(240)
Interest receivable and similar income
5
1,035,510
91,793
Interest payable and similar expenses
6
(172,433)
(185,661)
Profit/(loss) before taxation
862,852
(94,108)
Tax on profit/(loss)
7
-
0
-
0
Profit/(loss) for the financial year
862,852
(94,108)

The income statement has been prepared on the basis that all operations are continuing operations.

Giant Finance Limited
(previously known as Giant Finance Plc)
Statement of financial position
As at 31 May 2025
9
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
8
528,301
528,301
Current assets
Debtors falling due after more than one year
10
1,276,260
1,186,010
Cash at bank and in hand
958,665
13,630
Net current assets
2,234,925
1,199,640
Total assets less current liabilities
2,763,226
1,727,941
Creditors: amounts falling due after more than one year
11
(2,404,441)
(2,232,008)
Net assets/(liabilities)
358,785
(504,067)
Capital and reserves
Called up share capital
12
52,635
52,635
Profit and loss reserves
13
306,150
(556,702)
Total equity
358,785
(504,067)
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. 10595824
Giant Finance Limited
(previously known as Giant Finance Plc)
Statement of changes in equity
For the year ended 31 May 2025
10
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 June 2023
52,635
(462,594)
(409,959)
Year ended 31 May 2024:
Loss and total comprehensive income
-
(94,108)
(94,108)
Balance at 31 May 2024
52,635
(556,702)
(504,067)
Year ended 31 May 2025:
Profit and total comprehensive income
-
862,852
862,852
Balance at 31 May 2025
52,635
306,150
358,785
Giant Finance Limited
(previously known as Giant Finance Plc)
Statement of cash flows
For the year ended 31 May 2025
11
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
17
81,958
94,439
Interest paid
(172,433)
(185,661)
Net cash outflow from operating activities
(90,475)
(91,222)
Investing activities
Interest received
90,249
91,793
Dividends received
945,261
-
0
Net cash generated from investing activities
1,035,510
91,793
Net increase in cash and cash equivalents
945,035
571
Cash and cash equivalents at beginning of year
13,630
13,059
Cash and cash equivalents at end of year
958,665
13,630
Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements
For the year ended 31 May 2025
12
1
Accounting policies
Company information

Giant Finance Limited is a public company limited by shares incorporated in England and Wales. The registered office is Festival House, Jessop Avenue, Cheltenham, England, GL50 3SH. On 5 June 2025, the company re-registered from a public limited company to a private limited company. The company is now incorporated under the name Giant Finance Limited.

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.

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 Companies Act 2006 s399 under the small companies regime not to prepare consolidated financial statements. The individual company is ineligible from taking advantage of the small companies regime.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the 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. T hus t he 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 and cash equivalents are basic financial assets and include deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies (continued)
13
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.

Other financial assets

Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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, 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.

Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies (continued)
14
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.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s 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.

There are no significant accounting judgements or key sources of estimation uncertainty.

3
Auditor's remuneration

The audit fee for the company is borne entirely by Giant Finance + Limited, a wholly owned indirect subsidiary of the company.

4
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
5
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest receivable from group companies
90,249
91,793
Income from fixed asset investments
Income from shares in group undertakings
945,261
-
0
Total income
1,035,510
91,793
Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
15
6
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Other interest on financial liabilities
172,433
185,661
7
Taxation

The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
862,852
(94,108)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
215,713
(23,527)
Group relief
20,602
23,527
Exempt ABGH distributions
(236,315)
-
0
Taxation charge for the year
-
-
Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
16
8
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
9
528,301
528,301
9
Subsidiaries

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

Name of undertaking
Address
Nature of business
Class of
% Held
shares held
Direct
Indirect
Giant Finance Holdings Limited
1
Holding company
Ordinary
100
-
Giant Finance + Limited
1
Payroll and invoice discounting services
Ordinary
-
100
Giant Finance Accounts Limited
1
Professional services
Ordinary
-
100

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 was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Giant Finance Holdings Limited
487,185
1,246,292
Giant Finance + Limited
2,024,644
597,774
Giant Finance Accounts Limited
5,802
5,801
10
Debtors
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
1,276,260
1,186,010
11
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,404,441
2,232,008
Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
17
12
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' shares of £1 each
50,000
50,000
50,000
50,000
Ordinary 'B' shares of £1 each
2,635
2,635
2,635
2,635
52,635
52,635
52,635
52,635

The A ordinary shares will have full rights in the company with regard to voting, dividend and capital distribution. A dividend may be paid in respect of this class of share to the exclusion of any other class of share currently in issue. Where a dividend is declared in respect of all classes of share the company may, by ordinary resolution, differentiate between this and any or all other classes as to the amount or percentage of dividend payable, but by default the shares in this class shall be deemed to rank pari passu with any other share class currently in issue, unless the rights attached to such other class specify otherwise.

The rights attached to the B ordinary shares shall be the same in all respects as those rights attaching to the A ordinary shares however, the B ordinary shares are not, and shall not be considered, ordinary shares.

13
Profit and loss reserves

Profit and loss reserves represent accumulated profits and losses, less dividends paid.

14
Events after the reporting date

On 5 June 2025, the company re-registered from a public limited company to a private limited company. The company is now incorporated under the name Giant Finance Limited.

15
Related party transactions
Transactions with related parties

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

Interest income
Interest expense
2025
2024
2025
2024
£
£
£
£
Entities over which the entity has control, joint control or significant influence
90,249
91,793
-
-
Other related parties
-
-
172,433
185,661

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other related parties
2,404,441
2,232,008

Amounts owed to other related parties are unsecured, interest bearing, and repayable on demand.

Giant Finance Limited
(previously known as Giant Finance Plc)
Notes to the financial statements (continued)
For the year ended 31 May 2025
18
16
Ultimate controlling party

The ultimate controlling party is Matthew Brown, a director of the company and majority shareholder of Giant Finance Limited.

17
Cash generated from operations
2025
2024
£
£
Profit/(loss) for the year after tax
862,852
(94,108)
Adjustments for:
Finance costs
172,433
185,661
Investment income
(1,035,510)
(91,793)
Movements in working capital:
Increase in debtors
(90,250)
(90,982)
Increase in creditors
172,433
185,661
Cash generated from operations
81,958
94,439
18
Analysis of changes in net funds
1 June 2024
Cash flows
31 May 2025
£
£
£
Cash at bank and in hand
13,630
945,035
958,665
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