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Notes to the consolidated financial statements For the year ended 30 June 2025
1. General information Brooks Macdonald Group plc (“the Company”), a public limited company incorporated and registered in England and Wales and domiciled in the United Kingdom (“UK”) under the Companies Act 2006, is the Parent Company of a group of companies (collectively the “Group”) and offers wealth management and financial planning services in the UK. The Company is listed on the London Stock Exchange (“LSE”). The Company’s registration number is 04402058. The address of the registered office is 21 Lombard Street, London, EC3V 9AH, England. 2. Basis of preparation The Group’s consolidated financial statements for the year ended 30 June 2025 have been prepared in accordance with UK-adopted International Accounting Standards (“IAS”) and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards. These consolidated financial statements have been prepared on a historical cost basis, except for the revaluation of certain financial instruments that are measured at fair value. The principal accounting policies adopted are set out below. Unless otherwise stated, they have been applied consistently to all periods presented in the financial statements. All amounts in the financial statements have been rounded to the nearest thousand unless otherwise indicated. At the time of approving the financial statements, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. For further details on the Group’s going concern assessment, see the Viability statement on page 31 and Audit Committee report on pages 71 to 74. There have been no post balance sheet events that have materially impacted the Group’s liquidity headroom and going concern assessment. There has been an update to the results presented in the restated year ended 2024 result previously disclosed in the interim report and accounts for the six months ended 31 December 2024, which relates to a reclassification of the tax charge between discontinued and continuing operations. This has resulted in a decrease of £957,000 in the tax charge for continuing operations and a corresponding increase in the tax charge for discontinued operations. The profit after tax and earnings per share for respective continuing and discontinued operations have also been restated accordingly.
Basis of consolidation The Group’s financial statements are a consolidation of the financial statements of the Company and its subsidiaries. The underlying financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. Subsidiaries and structured entities are all entities controlled by the Company, deemed to exist where the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of the subsidiaries are included from the date on which control is transferred to the Group to the date that control ceases. All intercompany transactions and balances between Group companies are eliminated on consolidation. The Group has interests in structured entities, with one consolidated structured entity being the Brooks Macdonald Group Employee Benefit Trust (note 32). The Group has interests in other structured entities as a result of contractual arrangements arising from the management of assets on behalf of its clients but are not consolidated as the Group does not commit to financially support its funds, nor guarantee repayment of any borrowings (note 34). The Group has disclosed all of its subsidiary undertakings in note 46 of the Company’s Financial statements.
3. New standards, amendments to standards and interpretations adopted by the Group in the year
In the year ended 30 June 2025, the Group did not adopt any new standards or amendments issued by the International Accounting Standards Board (“IASB”) or interpretations by the International Financial Reporting Standards Interpretations Committee (“IFRS IC”) that have had a material impact on the consolidated financial statements. Certain new accounting standards, amendments to accounting standards and interpretations have been published that are not mandatory for the 30 June 2025 reporting periods and have not been early adopted by the Group.
Effective date
Standard, amendment or interpretation
Amendments to IAS 21 regarding lack of exchangeability Amendments IFRS 9 and IFRS 7 regarding the classification and measurement of financial instruments Annual Improvements to IFRS Accounting Standards — Volume 11 IFRS 18 Presentation and Disclosures in Financial Statements
1 January 2025
1 January 2026 1 January 2026 1 January 2027
IFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 The Group is currently assessing the impact that the adoption of the above standards and amendments will have on the Group’s results reported within the financial statements.
Brooks Macdonald Group plc Annual Report and Accounts 2025
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