REGISTERED NUMBER: 15532721 (England and Wales)

CARIBBEAN TRADING GROUP LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

13

DIRECTORS:

J R Hickling

O J Hickling

Mrs G C Russell-Lowe

SECRETARY:

J R Hickling

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

15532721 (England and Wales)

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

The directors present their strategic report for the year ended 30 April 2026.

ON BEHALF OF THE BOARD:

O J Hickling - Director

28 September 2026

The directors present their report with the financial statements of the company for the year ended 30 April 2026.

DIVIDENDS

Dividends totalling £96,634 were paid during the year ended 30 April 2026 (2025: £114,752).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2025 to the date of this report.

J R Hickling

O J Hickling

Mrs G C Russell-Lowe

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

O J Hickling - Director

28 September 2026

Opinion

We have audited the financial statements of Caribbean Trading Group Limited (the 'company') for the year ended 30 April 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 April 2026 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

**ERROR - DATA SCREEN - DETECTING IRREGULARITIES - TEXT SHOULD BE ENTERED HERE

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michaela Johns (FCCA) (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

28 September 2026

TURNOVER

-

-

Administrative expenses

(7,200

)

(17,805

)

OPERATING LOSS

(7,200

)

(17,805

)

Income from shares in group undertakings

146,634

134,752

PROFIT BEFORE TAXATION

139,434

116,947

Tax on profit

4

-

-

PROFIT FOR THE FINANCIAL YEAR

139,434

116,947

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

139,434

116,947

FIXED ASSETS

Investments

6

3,441,558

3,441,558

CURRENT ASSETS

Cash at bank

241,025

241,025

CREDITORS

Amounts falling due within one year

7

(3,637,488

)

(3,329,357

)

NET CURRENT LIABILITIES

(3,396,463

)

(3,088,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,095

353,226

CREDITORS

Amounts falling due after more than one year

8

-

(350,931

)

NET ASSETS

45,095

2,295

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

44,995

2,195

SHAREHOLDERS' FUNDS

45,095

2,295

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2026 and were signed on its behalf by:

O J Hickling - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

100

-

100

Dividends

-

(114,752

)

(114,752

)

Total comprehensive income

-

116,947

116,947

Balance at 30 April 2025

100

2,195

2,295

Changes in equity

Dividends

-

(96,634

)

(96,634

)

Total comprehensive income

-

139,434

139,434

Balance at 30 April 2026

100

44,995

45,095

Cash flows from operating activities

Cash generated from operations

1

(17,459

)

(3,294

)

Net cash from operating activities

(17,459

)

(3,294

)

Cash flows from investing activities

Purchase of fixed asset investments

-

(3,441,558

)

Dividends received

146,634

134,752

Net cash from investing activities

146,634

(3,306,806

)

Cash flows from financing activities

Amount withdrawn by directors

(1,315,079

)

-

Share issue

-

100

Equity dividends paid

(96,634

)

(114,752

)

Net cash from financing activities

(1,411,713

)

(114,652

)

Decrease in cash and cash equivalents

(1,282,538

)

(3,424,752

)

Cash and cash equivalents at beginning of year

2

241,025

-

Cash and cash equivalents at end of year

2

241,025

241,025

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period

29.2.24

Year Ended

to

30.4.26

30.4.25

£

£

Profit before taxation

139,434

116,947

Finance income

(146,634

)

(134,752

)

(7,200

)

(17,805

)

(Decrease)/increase in trade and other creditors

(10,259

)

14,511

Cash generated from operations

(17,459

)

(3,294

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2026

30.4.26

1.5.25

£

£

Cash and cash equivalents

241,025

241,025

Period ended 30 April 2025

30.4.25

29.2.24

£

£

Cash and cash equivalents

241,025

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.25

Cash flow

At 30.4.26

£

£

£

Net cash

Cash at bank

241,025

-

241,025

241,025

-

241,025

Total

241,025

-

241,025

**	CURRENT YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS

AS CALCULATED IN CASH FLOW STATEMENT

DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET

COMPARE MOVEMENT ON CASH FLOW STATEMENT

=

(1,282,538

)

TO

MOVEMENT PER BALANCE SHEET

CASH AND CASH EQUIVALENTS

=

0

**	LAST YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS

AS CALCULATED IN CASH FLOW STATEMENT

DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET

COMPARE MOVEMENT ON CASH FLOW STATEMENT

=

(3,424,752

)

TO

MOVEMENT PER BALANCE SHEET

CASH AND CASH EQUIVALENTS

=

241,025

1.	STATUTORY INFORMATION

Caribbean Trading Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 30 April 2026 nor for the period ended 30 April 2025.

The average number of employees during the year was as follows:

Period

29.2.24

Year Ended

to

30.4.26

30.4.25

Sales

-

4

Directors

-

3

Administration

-

3

**PLEASE COMPLETE CURRENT YEAR CLIENT SCREEN WITH DETAILS

-

10

The total remuneration paid to directors in the year totalled £221,677.

The company's contributions to the director's defined contribution pension scheme in the year totalled £61,430.

The highest paid director received remuneration of £173,709.

The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £30,630.

During the year retirement benefits were accruing to 2 directors in respect of defined contribution pension schemes.

Period

29.2.24

Year Ended

to

30.4.26

30.4.25

£

£

Directors' remuneration

-

-

4.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 30 April 2026 nor for the period ended 30 April 2025.

5.

DIVIDENDS

Period

29.2.24

Year Ended

to

30.4.26

30.4.25

£

£

Ordinary A shares of 1 each

Interim

14,134

64,992

Ordinary B shares of 1 each

Interim

50,000

32,260

Ordinary C shares of 1 each

Interim

32,500

17,500

96,634

114,752

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2025

and 30 April 2026

3,441,558

NET BOOK VALUE

At 30 April 2026

3,441,558

At 30 April 2025

3,441,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

(1

)

Amounts owed to group undertakings

3,633,236

2,350,698

Directors' current accounts

-

964,148

Accruals and deferred income

-

1

Accrued expenses

4,252

14,511

3,637,488

3,329,357

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Directors' loan accounts

-

350,931

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

30

Ordinary A

1

30

30

35

Ordinary B

1

35

35

35

Ordinary C

1

35

35

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2025

2,195

Profit for the year

139,434

Dividends

(96,634

)

At 30 April 2026

44,995