Strategic Report
Governance Report
Financial Statements
Company Financial Statements
20. Financial assets and liabilities continued
20(d) Levelling analysis The following table provides an analysis of the financial assets and liabilities that, subsequent to initial recognition, are measured at fair value. These are grouped into the following levels within the fair value hierarchy, based on the degree to which the inputs used to determine the fair value are observable: • Level 1 – derived from quoted prices in active markets for identical assets or liabilities at the measurement date; • Level 2 – derived from inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly; and • Level 3 – derived from inputs that are not based on observable market data.
20(b) Financial assets at fair value through other comprehensive income
2025 £’000
2024 £’000
500
At 1 July Disposal
500
(500)
–
At 30 June
–
500
During the year ended 30 June 2025, the Group disposed of its investment of redeemable £500,000 preference shares in an unlisted company incorporated in the UK. 20(c) Financial assets at fair value through profit or loss
Level 1 £’000
Level 2 £’000
Level 3 £’000
Total £’000
Financial assets At 1 July 2024
2025 £’000
2024 £’000
905 146
– – – – – –
500
1,405
14,307
14,453
Additions
905
At 1 July Additions
825
44
(392)
(348)
Net changes in fair value
14,453
–
Finance income on deferred contingent consideration receivable
(75)
Changes in fair value
80
– –
273
273
At 30 June
15,283
905
(500)
(500)
Disposals
At 30 June 2025
1,095
14,188
15,283
Included in financial assets at fair value through profit and loss are amounts related to deferred contingent consideration receivable of £14,188,000 (see note 21 for further details). The Group holds 500,000 shares in five of the SVS Cornelian Risk Managed Passive Funds. During the year ended 30 June 2025, the Group recognised a gain on these investments of £25,000. The Group’s holding in the SVS Cornelian Risk Managed Passive Funds at 30 June 2025 was £676,000. The Group previously invested £215,000 in the Blueprint Multi Asset Fund range across the various models within the fund range. During the year ended 30 June 2025, the Group recognised a gain on these investments of £14,000. The Group’s holding in the Blueprint Multi Asset Fund range at 30 June 2025 was £268,000. Within the year, the Group invested an additional £135,000 in the MPS Fund and £11,000 in the Cornelian J Class fund range. These investments generated a combined gain of £5,000. As of year-end, the Group’s total holdings across these fund ranges amounted to £151,000.
Level 3 financial assets include an addition for deferred contingent consideration receivable, which due to materiality is separately disclosed on the consolidated statement of financial position. Disposals during the period relate to unlisted preference shares, which are valued using a perpetuity income model, based upon the preference dividend cash flows. The fair value of the assets was not deemed to be impacted by changes in the unobservable inputs as the dividend cash flows were contractual.
Brooks Macdonald Group plc Annual Report and Accounts 2025
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