REGISTERED NUMBER: 15883993 (England and Wales)

GRANULAR PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 AUGUST 2024 TO 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C Stylianou

REGISTERED OFFICE:

Brookway House

2 Nichol Close

London

N14 6JU

REGISTERED NUMBER:

15883993 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

CURRENT ASSETS

Stocks

4

10,070,868

Debtors

5

30,410

Cash at bank and in hand

29,252

10,130,530

CREDITORS

Amounts falling due within one year

6

33,461

NET CURRENT ASSETS

10,097,069

TOTAL ASSETS LESS CURRENT LIABILITIES

10,097,069

CREDITORS

Amounts falling due after more than one year

7

10,820,297

NET LIABILITIES

(723,228

)

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

11

(723,229

)

SHAREHOLDERS' FUNDS

(723,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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

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 5 May 2026 and were signed by:

Mr C Stylianou - Director

1.	STATUTORY INFORMATION

Granular Properties Ltd is a private company, limited by shares , registered in England and Wales. 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

STOCKS

£

Stock of properties

10,070,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

21,723

Other debtors

8,687

30,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

21,061

Amounts owed to related company

10,000

Accrued expenses

2,400

33,461

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans (see note 8)

10,820,297

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5years

10,820,297

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5years

10,820,297

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loans

10,820,297

The loans are secured by fixed and floating charges on the stock of land and buildings held by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

11.

RESERVES

Retained

earnings

£

Deficit for the period

(723,229

)

At 31 August 2025

(723,229

)

12.	ULTIMATE CONTROLLING PARTY

Mr C Stylianou, a director controls the company as a result of holding directly 100 per cent of the issued ordinary share capital of the company.