Company registration number 09868770 (England and Wales)
CROUDACE TRADING GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CROUDACE TRADING GROUP LIMITED
COMPANY INFORMATION
Directors
N D Scott BSc MRICS (Managing Director)
H Brotherton-Ratcliffe
A W S Glover BSc MRICS
Secretary
D Beard FCCA MAAT
Company number
09868770
Registered office
36 Frederick Place
Brighton
BN1 4EA
Auditor
Humphrey & Co Audit Services Ltd
7-9 The Avenue
Eastbourne
East Sussex
BN21 3YA
CROUDACE TRADING GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CROUDACE TRADING GROUP LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
52,804,471
50,194,389
Capital and reserves
Called up share capital
5
21,980
21,980
Revaluation reserve
6
52,782,491
50,172,409
Total equity
52,804,471
50,194,389

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

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

The financial statements were approved by the board of directors and authorised for issue on 12 May 2026 and are signed on its behalf by:
H Brotherton-Ratcliffe
Director
Company Registration No. 09868770
CROUDACE TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Croudace Trading Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36 Frederick Place, Brighton, BN1 4EA.

1.1
Basis of preparation

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, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
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 current liabilities.

1.4
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.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
52,804,471
50,194,389
CROUDACE TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
3
Fixed asset investments
(Continued)
- 3 -
Fixed asset investments revalued

The directors have estimated the market value of the company's subsidiary investments as being equal to their balance sheet net asset values at the year end. The comparable amounts on a historical cost basis would be £25,250,000 (2024 £25,250,000).

Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025
50,194,389
Valuation changes
2,610,082
At 31 December 2025
52,804,471
Carrying amount
At 31 December 2025
52,804,471
At 31 December 2024
50,194,389
4
Subsidiaries

Separate company financial statements are required to be prepared by law. Consolidated financial statements for Croudace Trading Group Ltd are prepared but are not publically available.

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Croudace Asset Management Ltd
1
Ordinary
100.00
-
Croudace Finance Ltd
1
Ordinary
100.00
-
Summerdown Homes Ltd
1
Ordinary
0
100.00
CAD4 Ltd
1
Ordinary
0
100.00
33 Perrymount Road Ltd
1
Ordinary
0
100.00

Registered office addresses (all UK unless otherwise indicated):

1
36 Frederick Place, Brighton, BN1 4EA
5
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
21,980 Ordinary shares of £1 each
21,980
21,980
CROUDACE TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
6
Revaluation reserve
2025
2024
£
£
At beginning of year
50,172,409
46,988,670
Transfer from retained earnings
2,610,082
3,183,739
At end of year
52,782,491
50,172,409
7
Audit report 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 is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mrs Emily Smith
Statutory Auditor:
Humphrey & Co Audit Services Ltd
Date of audit report:
12 May 2026
8
Contingent liabilities

Bank borrowings of the group and of a related group headed by Croudace Investment Group Ltd are secured by a fixed and floating charge over the assets of the company.

9
Non-audit services provided by auditor

In common with many businesses of our size and nature we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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