Silverfin false 12 November 2025 12 November 2025 Shonagh L Fraser MA CA Hall Morrice LLP 1,853 4,280 false true 31/03/2025 01/04/2024 31/03/2025 Diane Allan 07/10/2020 Brenda Bothwell 21/09/2022 Michael Burns 07/10/2020 Anne Corbin 08/10/2024 21/02/2024 Susan Freeth 17/07/2025 08/10/2024 Anna Garden 17/07/2025 Donna Hutchinson 17/09/2024 Jennifer McAughtrie 16/09/2024 20/03/2023 Marcus Nisbet 06/01/2021 Nicholas Price 07/10/2020 Julia Stewart 06/01/2021 Emma Watson 23/05/2024 07/10/2020 Karen Wood 19/09/2023 12 November 2025 The principal activity of the company was the formation of a consortium of ten care at home / supported living providers who came together to form Granite Care Consortium (“GCC”). The company commenced trading on 1 November 2020. The individual members combined third and independent sector providers, with decades of experience in delivering health and social care services. We are commissioned by Aberdeen City Health and Social Care Partnership ("ACHSCP") to provide outcomes-based care and support services to adults in their own homes and local communities. During the financial year one of the founding members Archway (Respite Care & Housing) Limited left the consortium but the other nine members continue to work in partnership to build on the achievements of the consortium. SC676856 2025-03-31 SC676856 bus:Director1 2025-03-31 SC676856 bus:Director2 2025-03-31 SC676856 bus:Director3 2025-03-31 SC676856 bus:Director4 2025-03-31 SC676856 bus:Director5 2025-03-31 SC676856 bus:Director6 2025-03-31 SC676856 bus:Director7 2025-03-31 SC676856 bus:Director8 2025-03-31 SC676856 bus:Director9 2025-03-31 SC676856 bus:Director10 2025-03-31 SC676856 bus:Director11 2025-03-31 SC676856 bus:Director12 2025-03-31 SC676856 bus:Director13 2025-03-31 SC676856 2024-03-31 SC676856 core:CurrentFinancialInstruments 2025-03-31 SC676856 core:CurrentFinancialInstruments 2024-03-31 SC676856 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC676856 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC676856 core:OtherPropertyPlantEquipment 2024-03-31 SC676856 core:OtherPropertyPlantEquipment 2025-03-31 SC676856 2024-04-01 2025-03-31 SC676856 bus:FilletedAccounts 2024-04-01 2025-03-31 SC676856 bus:SmallEntities 2024-04-01 2025-03-31 SC676856 bus:Audited 2024-04-01 2025-03-31 SC676856 2023-04-01 2024-03-31 SC676856 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 SC676856 bus:Director1 2024-04-01 2025-03-31 SC676856 bus:Director2 2024-04-01 2025-03-31 SC676856 bus:Director3 2024-04-01 2025-03-31 SC676856 bus:Director4 2024-04-01 2025-03-31 SC676856 bus:Director5 2024-04-01 2025-03-31 SC676856 bus:Director6 2024-04-01 2025-03-31 SC676856 bus:Director7 2024-04-01 2025-03-31 SC676856 bus:Director8 2024-04-01 2025-03-31 SC676856 bus:Director9 2024-04-01 2025-03-31 SC676856 bus:Director10 2024-04-01 2025-03-31 SC676856 bus:Director11 2024-04-01 2025-03-31 SC676856 bus:Director12 2024-04-01 2025-03-31 SC676856 bus:Director13 2024-04-01 2025-03-31 SC676856 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-04-01 2025-03-31 SC676856 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: SC676856 (Scotland)

# GRANITE CARE CONSORTIUM LTD

### (A company limited by guarantee)

### Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GRANITE CARE CONSORTIUM LTD

## Financial Statements

For the financial year ended 31 March 2025

Contents

GRANITE CARE CONSORTIUM LTD

## BALANCE SHEET

As at 31 March 2025
GRANITE CARE CONSORTIUM LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 959 |  | 2,427
|  | 959 |  | 2,427
Current assets |  |  |  |
Debtors | 4 | 1,095 |  | 2,565,266
Cash at bank and in hand |  | 1,665,132 |  | 16,652
|  | 1,666,227 |  | 2,581,918
Creditors: amounts falling due within one year | 5 | ( 1,653,988) |  | ( 2,573,182)
Net current assets |  | 12,239 |  | 8,736
Total assets less current liabilities |  | 13,198 |  | 11,163
Provision for liabilities |  | ( 182) |  | 0
Net assets |  | 13,016 |  | 11,163
Reserves |  |  |  |
Profit and loss account |  | 13,016 |  | 11,163
Total reserves |  | 13,016 |  | 11,163

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Granite Care Consortium Ltd (registered number: SC676856) were approved and authorised for issue by the Board of Directors on 12 November 2025. They were signed on its behalf by:

Michael Burns Director |  | Nicholas Price Director

GRANITE CARE CONSORTIUM LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GRANITE CARE CONSORTIUM LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Granite Care Consortium Ltd (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Units A7 & A8, Davidson House, Campus 1 Aberdeen Innovation Park, Balgownie Road, Bridge Of Don, Aberdeen, AB22 8GT, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

##### Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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 profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 9 |  | 10

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 4,336 |  | 4,336
At 31 March 2025 | 4,336 |  | 4,336
Accumulated depreciation |  |  |
At 01 April 2024 | 1,909 |  | 1,909
Charge for the financial year | 1,468 |  | 1,468
At 31 March 2025 | 3,377 |  | 3,377
Net book value |  |  |
At 31 March 2025 | 959 |  | 959
At 31 March 2024 | 2,427 |  | 2,427

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 2,547,293
Corporation tax | 1,095 |  | 1,038
Other debtors | 0 |  | 16,935
| 1,095 |  | 2,565,266

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 3,398 |  | 1,446
Corporation tax | 738 |  | 0
Other taxation and social security | 237,952 |  | 452,470
Other creditors | 1,411,900 |  | 2,119,266
| 1,653,988 |  | 2,573,182

#### 6. Liability of members

The members of the Granite Care Consortium Ltd have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the company if it should be wound up.

#### 7. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Other related parties | 15,140,333 |  | 13,732,454

#### 8. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 March 2025 was unqualified.

The audit report was signed by Shonagh L Fraser MA CA on behalf of Hall Morrice LLP.