| REGISTERED NUMBER: |
| CENTRICK GROUP LIMITED |
| Financial Statements for the Year Ended 31 December 2025 |
| REGISTERED NUMBER: |
| CENTRICK GROUP LIMITED |
| Financial Statements for the Year Ended 31 December 2025 |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CENTRICK GROUP LIMITED |
| Company Information |
| for the Year Ended 31 December 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 59-61 Charlotte Street |
| St Pauls Square |
| Birmingham |
| West Midlands |
| B3 1PX |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share-based payment reserve | 9 |
| Retained earnings | 9 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | STATUTORY INFORMATION |
| Centrick Group Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiaries are measured at cost less accumulated impairment |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations. |
| The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| 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 shareholders at an annual general meeting. |
| Share-based payments |
| The equity settled share option programme allows employees to acquire shares of the company. The fair value of options granted is recognised as an employee expense with a corresponding increase in equity. The fair value is measured using the Black-Scholes model at grant date and spread over the period during which the employees become unconditionally entitled to the options. The expense is allocated over the vesting period based on the best available estimate of the number of share options expected to vest. Non-market conditions are included in assumptions about the number of options that are expected to become exercisable. Payments made to employees on cancellation of an equity-settled award are accounted for as a repurchase of an equity interest and deducted from equity. Any excess of the payment over the fair value of the award calculated at the date of cancellation is treated as an expense. |
| Share-based payments reserve |
| This comprises the cumulative share-based payment charge recognised in the Statement of Comprehensive Income in relation to equity-settled options and share rights issued but not yet exercised |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| software |
| £ |
| COST |
| At 1 January 2025 |
| and 31 December 2025 |
| AMORTISATION |
| At 1 January 2025 |
| Amortisation for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2025 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2025 |
| Disposals | ( |
) |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| Deferred tax asset |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 9. | RESERVES |
| Share-based |
| Retained | payment |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2025 | 102,114 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Bonus share issue |
| Transfer between reserves | 711,954 | (711,954 | ) | - |
| At 31 December 2025 | 627,970 |
| CENTRICK GROUP LIMITED (REGISTERED NUMBER: 10831910) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | PARENT COMPANY |
| The largest group in which these accounts are consolidated is in that of PHM Group OY, Takomotie 1-3, Helsinki, FO-00380. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Norvestor SPV, Filipstad Brygge 2, 0252, Oslo, Norway. |
| 13. | SHARE-BASED PAYMENT TRANSACTIONS |
| The company operates an HMRC approved executive management incentive plan (EMI). |
| The vesting conditions are based on shareholder exit. The scheme was agreed by all parties on the 14 May 2021. |
| 6 New options were granted during the year. |
| All share options have been exercised during the period. The number and weighted average exercise price of share options are as follows: |
| 2025 | 2025 |
| Weighted average | Number of options |
| exercise price (pounds per share) | (number of shares) |
| Outstanding at start of the period | 5,000 | 10.00 |
| Transferred to fellow subsidiary | 5,000 | 2.00 |
| Granted during the period | 1,125 | 6.00 |
| Lapsed during the period | 0.00 | 0.00 |
| Exercised during the year | 3,339 | 14.00 |
| Outstanding at end of the period | - | - |
| Exercisable at end of the period | - | - |
| Charge to the profit and loss account |
| The total expense that has been recognised in profit or loss for the period in respect of share-based payment transactions, included in administrative expenses, comprises: |
| 2025 | 2024 |
| £ | £ |
| Share-based payments charges | 660,057 | 51,896 |
| All options were exercised during the year. |