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Company No: 06447731 (England and Wales)

# GRANGER REIS LIMITED

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

GRANGER REIS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

GRANGER REIS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
GRANGER REIS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 68,750 |  | 93,750
Tangible assets | 4 | 142,079 |  | 190,286
Investments | 5 | 0 |  | 250,000
|  | 210,829 |  | 534,036
Current assets |  |  |  |
Debtors | 6 | 2,323,458 |  | 2,084,538
Cash at bank and in hand |  | 907,265 |  | 823,214
|  | 3,230,723 |  | 2,907,752
Creditors: amounts falling due within one year | 7 | ( 2,315,740) |  | ( 1,982,949)
Net current assets |  | 914,983 |  | 924,803
Total assets less current liabilities |  | 1,125,812 |  | 1,458,839
Creditors: amounts falling due after more than one year | 8 | 0 |  | ( 10,467)
Net assets |  | 1,125,812 |  | 1,448,372
Capital and reserves |  |  |  |
Called-up share capital | 9 | 120 |  | 120
Profit and loss account |  | 1,125,692 |  | 1,448,252
Total shareholders' funds |  | 1,125,812 |  | 1,448,372

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Granger Reis Limited (registered number: 06447731) were approved and authorised for issue by the Board of Directors on 15 June 2026. They were signed on its behalf by:

R Milsom Director |

GRANGER REIS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
GRANGER REIS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Granger Reis Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is South Wing, 1 Redcliff Street, Bristol, BS1 6NP, 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

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Office equipment | 5 years straight line
Computer equipment | 4 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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Fixed asset investments

Investments in Joint Ventures and Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

##### 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 Statement of Financial Position 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 39 |  | 42

#### 3. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 125,000 |  | 125,000
At 31 December 2025 | 125,000 |  | 125,000
Accumulated amortisation |  |  |
At 01 January 2025 | 31,250 |  | 31,250
Charge for the financial year | 25,000 |  | 25,000
At 31 December 2025 | 56,250 |  | 56,250
Net book value |  |  |
At 31 December 2025 | 68,750 |  | 68,750
At 31 December 2024 | 93,750 |  | 93,750

#### 4. Tangible assets

| Leasehold improve- ments |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2025 | 233,263 |  | 94,336 |  | 78,658 |  | 406,257
Additions | 0 |  | 0 |  | 4,738 |  | 4,738
At 31 December 2025 | 233,263 |  | 94,336 |  | 83,396 |  | 410,995
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2025 | 91,876 |  | 73,289 |  | 50,806 |  | 215,971
Charge for the financial year | 23,326 |  | 17,953 |  | 11,666 |  | 52,945
At 31 December 2025 | 115,202 |  | 91,242 |  | 62,472 |  | 268,916
Net book value |  |  |  |  |  |  |
At 31 December 2025 | 118,061 |  | 3,094 |  | 20,924 |  | 142,079
At 31 December 2024 | 141,387 |  | 21,047 |  | 27,852 |  | 190,286

#### 5. Fixed asset investments

| Investments in joint ventures |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 250,000 |  | 250,000
Disposals | ( 75,000) |  | ( 75,000)
At 31 December 2025 | 175,000 |  | 175,000
Provisions for impairment |  |  |
At 01 January 2025 | 0 |  | 0
Impairment | 175,000 |  | 175,000
At 31 December 2025 | 175,000 |  | 175,000
Carrying value at 31 December 2025 | 0 |  | 0
Carrying value at 31 December 2024 | 250,000 |  | 250,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 2,065,221 |  | 1,689,496
Prepayments | 130,631 |  | 131,242
Corporation tax | 0 |  | 13,444
Other debtors | 127,606 |  | 250,356
| 2,323,458 |  | 2,084,538

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 29,343 |  | 129,713
Trade creditors | 60,787 |  | 117,274
Accruals | 336,267 |  | 271,578
Taxation and social security | 711,921 |  | 617,957
Other creditors | 1,177,422 |  | 846,427
| 2,315,740 |  | 1,982,949

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 10,467

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
449 Ordinary F shares of £ 0.20 each (2024: 419 shares of £ 0.20 each) | 89.80 |  | 83.80
1 Ordinary G share of £ 0.20 | 0.20 |  | 0.20
60 Ordinary H shares of £ 0.20 each | 12.00 |  | 12.00
30 Ordinary I shares of £ 0.20 each | 6.00 |  | 6.00
30 Ordinary J shares of £ 0.20 each | 6.00 |  | 6.00
30 Ordinary K shares of £ 0.20 each | 6.00 |  | 6.00
Nil Ordinary L shares (2024: 30 shares of £ 0.20 each) | 0 |  | 6.00
| 120.00 |  | 120.00

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 179,021 |  | 194,130
between one and five years | 424,077 |  | 19,777
Total future minimum lease payments under non-cancellable operating leases | 603,098 |  | 213,907

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

#### 11. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 0 |  | 0

During the year, advances were made totalling £913,198 and credits were made totalling £929,436. Interest was charged at HMRC's official rate, totalling £16,238.