Notes to the consolidated financial statements continued For the year ended 30 June 2025
19. Right-of-use assets
20. Financial assets and liabilities Financial assets and liabilities comprise the following:
Cars £’000
Property £’000
Total £’000
2025 £’000
2024 £’000
Financial assets
Cost At 1 July 2023
–
Financial assets at fair value through other comprehensive income
500
798
10,138
10,936
56,243 19,925 33,915 2,403 15,283 1,095 14,188 71,526 2025 £’000 7,959 7,959 16,105 16,105 24,064
Financial assets measured at amortised cost Financial assets held at amortised cost
78,089 29,963 44,731 3,395
Additions
174
1,125
1,299
Adjustment on change of lease terms
(91)
(315)
(406)
Cash and cash equivalents (note 23) Trade and other receivable (note 22)
At 30 June 2024
881
10,948 12,423
11,829 12,475
52
Additions
Financial assets at fair value through profit and loss
905 905
– –
(2)
(2)
Adjustment on change of lease terms
Financial assets held at fair value through profit and loss Deferred contingent consideration receivable (note 21)
(1,970)
(1,970)
Disposal of subsidiary
–
At 30 June 2025
933
21,399
22,332
Total financial assets
79,494
Accumulated depreciation and impairment At 1 July 2023
2024 £’000 3,728 3,728
195 210
6,412 1,929
6,607 2,139
Financial liabilities
Depreciation charge
Financial assets measured at amortised cost
Adjustment on change of lease terms
50
(192)
(142)
Trade payables (note 29)
At 30 June 2024
455 192
8,149 2,093
8,604 2,285
Financial liabilities measured at fair value through profit and loss
– –
Depreciation charge
Deferred contingent consideration payable (note 26)
51
–
51
Adjustment on change of lease terms
Total financial liabilities
3,728
– –
(1,809)
(1,809)
Disposal of subsidiary
411
411
Impairment
20(a) Financial assets held at amortised cost
At 30 June 2025
698
8,844
9,542
2025 £’000 29,963
2024 £’000
Net book value At 30 June 2023 At 30 June 2024 At 30 June 2025
603 426 235
3,726 2,799
4,329 3,225
At 1 July Additions Disposals
–
–
29,978
12,555
12,790
(9,959)
–
1,108
Interest income under EIR method Contractual coupons received
197
The Group offers a car leasing arrangement to provide a salary sacrifice car leasing scheme for employees. Each vehicle leased to individual employees creates a separate right-of-use asset and lease liability measured at present value of the remaining lease payments, discounted using the lessee’s estimated incremental borrowing rate (see note 24). The property additions relate to two new leases that commenced during the financial year. As at 30 June 2025, the Company recognised right-of-use assets totalling £11,509,000 in respect of a lease agreement for the Group’s head office relocation, with a 10-year term and no break options, a rent review scheduled five years from lease commencement, a 25-month rent-free period at the start of the lease and no rent deposit required. The Company has assessed the ROU asset of the existing London office for impairment and recognised an impairment charge of £411,000 in the statement of comprehensive income.
(1,187)
(212)
At 30 June 29,963 The Group holds UK Government Investment Loan and Treasury Stock (“Gilts”). The Gilts carry coupon rates ranging from 1.5%-4.5% per annum and have maturity dates ranging from 2026-2028. The Group partially disposed of its Gilts holding to meet a short-term liquidity requirement to fund the acquisition of LIFT. Refer to note 4(k) for further detail on the accounting treatment of financial assets held at amortised cost. 19,925
138
Brooks Macdonald Group plc Annual Report and Accounts 2025
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