IRIS Accounts Production v26.1.0.640 SC394946 director 1.10.24 30.9.25 30.9.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC394946 2024-09-30 SC394946 2025-09-30 SC394946 2024-10-01 2025-09-30 SC394946 2023-09-30 SC394946 2023-10-01 2024-09-30 SC394946 2024-09-30 SC394946 ns15:Scotland 2024-10-01 2025-09-30 SC394946 ns14:PoundSterling 2024-10-01 2025-09-30 SC394946 ns10:Director1 2024-10-01 2025-09-30 SC394946 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 SC394946 ns10:SmallEntities 2024-10-01 2025-09-30 SC394946 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 SC394946 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 SC394946 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 SC394946 ns10:AbridgedAccounts 2024-10-01 2025-09-30 SC394946 ns10:RegisteredOffice 2024-10-01 2025-09-30 SC394946 ns5:CurrentFinancialInstruments 2025-09-30 SC394946 ns5:CurrentFinancialInstruments 2024-09-30 SC394946 ns5:Non-currentFinancialInstruments 2025-09-30 SC394946 ns5:Non-currentFinancialInstruments 2024-09-30 SC394946 ns5:ShareCapital 2025-09-30 SC394946 ns5:ShareCapital 2024-09-30 SC394946 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-09-30 SC394946 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 SC394946 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 SC394946 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 SC394946 ns5:FurnitureFittings 2024-10-01 2025-09-30 SC394946 ns5:MotorVehicles 2024-10-01 2025-09-30 SC394946 ns5:ComputerEquipment 2024-10-01 2025-09-30 SC394946 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-09-30 SC394946 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-10-01 2025-09-30 SC394946 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-09-30 SC394946 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-09-30 SC394946 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 SC394946 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 SC394946 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-09-30 SC394946 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-09-30 SC394946 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-09-30 SC394946 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-09-30 SC394946 ns5:DeferredTaxation 2024-09-30 SC394946 ns5:DeferredTaxation 2024-10-01 2025-09-30 SC394946 ns5:DeferredTaxation 2025-09-30 SC394946 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 SC394946 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-10-01 2025-09-30 SC394946 ns10:Director1 1 2024-09-30 SC394946 ns10:Director1 1 2023-09-30 SC394946 ns10:Director1 1 2024-10-01 2025-09-30 SC394946 ns10:Director1 1 2023-10-01 2024-09-30 SC394946 ns10:Director1 1 2025-09-30 SC394946 ns10:Director1 1 2024-09-30

REGISTERED NUMBER: SC394946 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| GRANITE CITY INVESTMENTS LTD |

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 8 |

| GRANITE CITY INVESTMENTS LTD |

COMPANY INFORMATION

for the Year Ended 30 September 2025

| DIRECTOR: | H H Munro

| REGISTERED OFFICE: | 16 Royal Terrace

| Glasgow

| G3 7NY

| REGISTERED NUMBER: | SC394946 (Scotland)

| ACCOUNTANTS: | D&W (Glasgow) Ltd

| 16 Royal Terrace

| Glasgow

| G3 7NY

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

ABRIDGED BALANCE SHEET

30 September 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 39,588 |  |

CURRENT ASSETS

Debtors | 1,379 |  | 7,150 |  |

Cash at bank and in hand | 101 |  | 155 |  |

1,480 |  | 7,305 |  |

CREDITORS

Amounts falling due within one year | 6,569 |  | 333,425 |  |

NET CURRENT LIABILITIES | (5,089 | ) | (326,120 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (5,089 | ) | (286,532 | ) |

CREDITORS

Amounts falling due after more than one year | (22,273 | ) | (54,286 | ) |

PROVISIONS FOR LIABILITIES | 6 | - |  | (7,522 | ) |

NET LIABILITIES | (27,362 | ) | (348,340 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 7 | - |  | 13,631 |  |

Retained earnings | (27,462 | ) | (362,071 | ) |

SHAREHOLDERS' FUNDS | (27,362 | ) | (348,340 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

ABRIDGED BALANCE SHEET - continued

30 September 2025

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2026 and were signed by:

H H Munro - Director

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 September 2025

1. | STATUTORY INFORMATION

| Granite City Investments Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The financial statements are prepared in sterling, which is the functional currency of the company.

| Monetary amounts in these financial statements are rounded to the nearest £.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 25% on reducing balance

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2024 | 93,014 |  |

| Disposals | (93,014 | ) |

| At 30 September 2025 | - |  |

| DEPRECIATION

| At 1 October 2024 | 53,426 |  |

| Eliminated on disposal | (53,426 | ) |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | 39,588 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 October 2024 | 76,010 |  |

| Disposals | (76,010 | ) |

| At 30 September 2025 | - |  |

| DEPRECIATION

| At 1 October 2024 | 45,606 |  |

| Eliminated on disposal | (45,606 | ) |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | 30,404 |  |

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

5. | LOANS

| An analysis of the maturity of loans is given below:

| 30.9.25 |  | 30.9.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 6,569 |  | 6,568 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 6,568 |  | 6,568 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 15,705 |  | 18,545 |  |

6. | PROVISIONS FOR LIABILITIES

| 30.9.25 |  | 30.9.24

£ | £ |

| Deferred tax | - |  | 7,522 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 7,522 |  |

| Credit to Income Statement during year | (7,522 | ) |

| Balance at 30 September 2025 | - |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 October 2024 | 13,631 |  |

| Revaluation in year | (21,153 | ) |

| Deferred Tax Movement | 7,522 |  |

| At 30 September 2025 | - |  |

GRANITE CITY INVESTMENTS LTD (REGISTERED NUMBER: SC394946) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 September 2025

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

| 30.9.25 |  | 30.9.24

£ | £ |

| H H Munro

| Balance outstanding at start of year | (24,184 | ) | (11,500 | ) |

| Amounts repaid | 24,184 |  | (12,684 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (24,184 | ) |

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

GRANITE CITY INVESTMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Granite City Investments Ltd for the year ended 30 September 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Granite City Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Granite City Investments Ltd and state those matters that we have agreed to state to the director of Granite City Investments Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Granite City Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Granite City Investments Ltd. You consider that Granite City Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Granite City Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D&W (Glasgow) Ltd

16 Royal Terrace

Glasgow

G3 7NY

2 April 2026