Cardigan Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10881262

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		7,207,213		7,239,081

			7,207,213		7,239,081
CURRENT ASSETS
Cash at bank and in hand		52		52

		52		52
Creditors: Amounts Falling Due Within One Year	5	(1,163 )		(1,163 )

NET CURRENT ASSETS (LIABILITIES)			(1,111 )		(1,111 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,206,102		7,237,970

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,369,151 )		(1,375,206 )

NET ASSETS			5,836,951		5,862,764

CAPITAL AND RESERVES
Called up share capital	6		55		55
Other reserves			5,836,909		5,862,722
Profit and Loss Account			(13 )		(13 )

SHAREHOLDERS' FUNDS			5,836,951		5,862,764

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Cardigan Group Ltd

Balance Sheet (continued)

As At 31 October 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Millett

Director

28/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Cardigan Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10881262 . The registered office is 36 Swan Court, Chelsea Manor Street, London, SW3 5RT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Preparation of Consolidated Financial Statements

The financial statements contain information about Cardigan Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 November 2024	7,239,081
Fair value adjustments	(31,868 )

As at 31 October 2025	7,207,213

Provision
As at 1 November 2024	-

As at 31 October 2025	-

Net Book Value
As at 31 October 2025	7,207,213

As at 1 November 2024	7,239,081

During the current and previous year, Cardigan Group Ltd has two wholly owned subsidiaries Cardigan Estate Limited and Wenham Estate Ltd. It has 75% of the share capital of Layham Estate Limited and also 75% of the share capital of Shelleybrook Limited.

The aggregate share capital and reserves and the profit or loss after tax at 31 October 2025 were as follows:

The aggregate share capital and reserves of Cardigan Estate Limited were £7,199,588 (2024: £7,204,463) and its profit after tax at that date was £28,125 (2024: £24,739).

The aggregate share capital and reserves of Wenham Estate Ltd were £22,104 (2024: £58,882) and its loss at that date was £36,778 (2024: £45,510).

The aggregate share capital and reserves of Layham Estate Limited were £52,184 (2024: £2,987) and its profit after tax at that date was £49,197 (2024: £3,446).

The aggregate share capital and reserves of Shelleybrook Limited were in deficit by £71,490 (2024: £35,339) and its loss at that date was £36,151 (2024: £35,439).

All companies are registered in England and Wales and their nature of business is property development and trading.

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Cardigan Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	1,150	1,150
Accruals and deferred income	13	13

	1,163	1,163

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
25 Ordinary A shares of £ 1.000 each	25	25
25 Ordinary B shares of £ 1.000 each	25	25
5 Ordinary C shares of £ 1.000 each	5	5

	55	55

7. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	33,000	-

A dividend of £33,000 (2024: £nil) was paid on the Ordinary C Shares during the year.

8. Ultimate Controlling Party

The company's ultimate controlling party is Mr Terence Millett .

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