Giant Finance + Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—7

1. General Information

Giant Finance + Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05304654 . The registered office is Festival House, Jessop Avenue, Cheltenham, GL50 3SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the directors have assessed the Company’s ability to continue as a going concern. In making this assessment, the directors have considered the Company’s current financial position, its operating performance, available cash resources, number of clients and expected future trading activities.

The directors have also reviewed cash flow forecasts and budgets covering the period of at least twelve months from the date of approval of these financial statements. These forecasts take into account the expected level of trading, anticipated cash inflows and outflows, operating costs and the settlement of the Company’s liabilities as they fall due.

Based on this assessment, the directors are satisfied that the Company has adequate resources to meet its obligations as they fall due and to continue its operations for the foreseeable future. The directors are not aware of any material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.4. Turnover

Turnover is derived from the company's ordinary activities and represents firstly invoicing for sales of services and secondly charges for invoice discounting, net of value added tax.

Revenue from the provision of services is recognised at the point the service has been performed. Revenue from the provision of invoice discounting is recognised in the period to which the discounting took place.

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Giant Finance + Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The below categories are included within property, plant and equipment in the Tangible Fixed Assets note.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment	5 years on cost
Furniture, Fixtures & Fittings	3 to 10 years on cost
Computer Software & Hardware	4 to 7 years on cost

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.

2.6. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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, 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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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Giant Finance + Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.8. Foreign Currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2.9. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. 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.

2.10. Invoice discounting

Amounts due in respect of invoice discounting are separately disclosed as current liabilities. The client can use these facilities to draw down on a percentage of the value of approved sales invoices. The management and collection of trade debtors remains with the company but the risk of uncollectable debt remains with the client.

2.11. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

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Giant Finance + Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.12. Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Bad debt provision

The directors make provisions for doubtful debts primarily based on an assessment of the recoverability of overdrawn client balances. The directors specifically analyse customer creditworthiness, changes in customer payment terms, relevant credit insurance cover and current economic trends when evaluating the recoverability of customer balances, and as such the adequacy of the provision.

The carrying amount of the bad debt provision at the year end was £190,329 (2025: £288,732).

3. Average Number of Employees

The average monthly number of persons (including directors) employed by the company during the year was: 17 (2025: 21)

4. Tangible Assets

	Office Equipment	Furniture, Fixtures & Fittings	Computer Software & Hardware	Total
	£	£	£	£
Cost
As at 1 June 2025	15,024	1,350	534,273	550,647
Additions	416	-	2,951	3,367
Disposals	-	-	(20,429 )	(20,429 )

As at 31 May 2026	15,440	1,350	516,795	533,585

Depreciation
As at 1 June 2025	15,024	1,350	515,294	531,668
Provided during the period	121	-	9,852	9,973
Disposals	-	-	(20,429 )	(20,429 )
Other	-	-	(215 )	(215 )

As at 31 May 2026	15,145	1,350	504,502	520,997

Net Book Value
As at 31 May 2026	295	-	12,293	12,588

As at 1 June 2025	-	-	18,979	18,979

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,155,964	9,605,704
Other debtors	66,556	76,738
Corporation tax recoverable assets	-	951

	10,222,520	9,683,393

At 31 May 2026, £10,426,292 (2025: £9,940,844) of trade debtor balances were subject to an invoice discounting arrangement.

A provision for doubtful debts has been recognised against trade debtor balances to reflect estimated irrecoverable amounts. At the reporting date, the total bad debt provision amounted to £270,328 (2025: £335,149), based on a review of aged receivables and historical loss experience.

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Giant Finance + Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,340,807	3,740,766
Other creditors	3,259,663	4,134,177
Taxation and social security	130,703	125,801

	7,731,173	8,000,744

Included within other creditors above is a balance of £2,573,003 (2025: £3,408,421) relating to an invoice discounting arrangement which is subject to a debenture over the assets of the company held by Royal Bank of Scotland Invoice Financing Limited, the company's finance provider registered at Companies House on 17 January 2012.

The company has a fixed and floating charge over the property and assets present and future of the company dated 12 December 2011 and 17 January 2012, in favour of The Royal Bank of Scotland Plc. The immediate parent, Giant Finance Holdings Limited, also holds a cross guarantee with the Royal Bank of Scotland Invoice Financing Limited.

7. Deferred Taxation

The provision for deferred tax is made up as follows:

Deferred tax liabilities:

	2026	2025
	£	£
Other timing differences	3,147	4,041

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
80,000 Ordinary Shares of £ 1.00 each	80,000	80,000

9. Other Commitments

Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

	2026	2025
	£	£
Not later than one year	7,956	7,956
Later than one year and not later than five years	1,718	6,162

	9,674	14,118

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Giant Finance + Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

10. Related Party Transactions

During the year the company entered into the following transactions with related parties:

2026 2025

£ £

Sales 5,594 9,157

Purchases 236,614 259,489

Management charge 162,868 155,834

The following amounts were outstanding at the reporting end date:

Amounts due to related parties

2026 2025

£ £

Other related parties - 648

Amounts due from related parties

2026 2025

£ £

Other related parties - 8,603

11. Ultimate Controlling Party

The company's immediate parent company is Giant Finance Holdings Limited whose registered office address is Festival House, Jessop Avenue, Cheltenham, Gloucestershire, England, GL50 3SH.

Its ultimate parent company is Giant Group Limited whose registered office address is Fourth Floor, 90 High Holborn, London, England, WC1V 6LJ.

The ultimate beneficial owner is Matthew Brown as the majority shareholder of Giant Group Limited.

12. Audit Information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report dated 23 September 2026 on the accounts of Giant Finance + Limited for the year ended 31 May 2026 was unqualified.

The auditor's report was signed by Jack Parker BSc ACA (Senior Statutory Auditor) for and on behalf of Cooper Parry Group Limited , Statutory Auditor.

Cooper Parry Group Limited

5th Floor, Broadwalk House

5 Appold Street

London

EC2A 2AG

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,588		18,979

			12,588		18,979
CURRENT ASSETS
Debtors	5	10,222,520		9,683,393
Cash at bank and in hand		190,628		327,057

		10,413,148		10,010,450
Creditors: Amounts Falling Due Within One Year	6	(7,731,173 )		(8,000,744 )

NET CURRENT ASSETS (LIABILITIES)			2,681,975		2,009,706

TOTAL ASSETS LESS CURRENT LIABILITIES			2,694,563		2,028,685

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(3,147 )		(4,041 )

NET ASSETS			2,691,416		2,024,644

CAPITAL AND RESERVES
Called up share capital	8		80,000		80,000
Income Statement			2,611,416		1,944,644

SHAREHOLDERS' FUNDS			2,691,416		2,024,644