Granite Edge Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC142011

Granite Edge Limited

Unaudited Financial Statements

31 May 2026

Granite Edge Limited

Financial Statements

Year ended 31 May 2026

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Granite Edge Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Granite Edge Limited

Year ended 31 May 2026

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 Edge Limited for the year ended 31 May 2026, which comprise the statement of financial position 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 www.icas.com/accountspreparationguidance. This report is made solely to the director of Granite Edge Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Granite Edge Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Granite Edge Limited and its director for our work or for this report.

It is your duty to ensure that Granite Edge Limited 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 Edge Limited. You consider that Granite Edge Limited 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 Edge Limited. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

14 October 2026

Granite Edge Limited

Statement of Financial Position

31 May 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4	731,555	442,791
Investments	5	101,232	119,100
		---------	---------
		832,787	561,891

Current assets

Debtors	6	139,573	167,295
Cash at bank and in hand		68,766	31,632
		---------	---------
		208,339	198,927

Creditors: amounts falling due within one year	7	313,130		86,922
		---------		---------
Net current (liabilities)/assets			( 104,791)	112,005
			---------	---------
Total assets less current liabilities			727,996	673,896
			---------	---------
Net assets			727,996	673,896
			---------	---------

Capital and reserves

Called up share capital	100,000	100,000
Share premium account	147,357	147,357
Non distributable reserves	32,017	( 95,905)
Profit and loss account	448,622	522,444
	---------	---------
Shareholders funds	727,996	673,896
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Granite Edge Limited

Statement of Financial Position (continued)

31 May 2026

These financial statements were approved by the board of directors and authorised for issue on 14 October 2026 , and are signed on behalf of the board by:

Mr P Lowrie
Director

Company registration number: SC142011

Granite Edge Limited

Notes to the Financial Statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Red House, 10 Pendreich Road, Bridge of Allan, Stirling, FK9 4LY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Investment property	Equipment	Total
	£	£	£
Cost or valuation
At 1 June 2025	441,775	4,180	445,955
Additions	355,742	–	355,742
Disposals	( 90,000)	–	( 90,000)
Revaluations	23,225	–	23,225
	---------	-------	---------
At 31 May 2026	730,742	4,180	734,922
	---------	-------	---------
Depreciation
At 1 June 2025	–	3,164	3,164
Charge for the year	–	203	203
	---------	-------	---------
At 31 May 2026	–	3,367	3,367
	---------	-------	---------
Carrying amount
At 31 May 2026	730,742	813	731,555
	---------	-------	---------
At 31 May 2025	441,775	1,016	442,791
	---------	-------	---------

Tangible assets held at valuation

Investments properties are revalued annually with any surplus or deficit being transferred to non-distributable reserve.

5. Investments

	Other investments other than loans
	£
Cost
At 1 June 2025	119,100
Additions	6,800
Disposals	( 24,668)
	---------
At 31 May 2026	101,232
	---------
Impairment
At 1 June 2025 and 31 May 2026	–
	---------

Carrying amount
At 31 May 2026	101,232
	---------
At 31 May 2025	119,100
	---------

6. Debtors

	2026	2025
	£	£
Other debtors	139,573	167,295
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	5,908	–
Social security and other taxes	375	–
Other creditors	306,847	86,922
	---------	--------
	313,130	86,922
	---------	--------

8. Director's advances, credits and guarantees

The company is a wholly owned subsidiary of Big Bull Limited. Mr Peter Lowrie is the ultimate controlling party of Granite Edge Limited by virtue of his controlling interest in Big Bull Limited. At the year end the company owed to Mr Lowrie £295,732. (2025: £74,756). The amount is interest-free, unsecured and repayable on demand .

9. Related party transactions

At the year end £nil was owed to Granite Edge Partnership, a business in which Mr P Lowrie , director, had an interest. (2025: £6,726). At the year end £4,190 was owed to Big Bull Limited, a business in which Mr P Lowrie , director, has an interest. (2025: £4,190). The company provided loan funds to Texas Properties Limited, a company in which Mr P Lowrie , director, has an interest. At the year end £64,834 was still outstanding. No interest is charged on this loan. (2025: £87,634). The company provided loan funds to Snorkel Plus Ltd, a company in which Mr P Lowrie , director, has an interest. At the year end £73,433 was still outstanding. No interest is charged on this loan. (2025: £71,621).