Strategic Report
Governance Report
Financial Statements
Company Financial Statements
27. Net deferred tax liabilities An analysis of the Group’s deferred assets and deferred tax liabilities is shown below: The gross movement on the deferred income tax account during the financial year was as follows:
2025 £’000
2024 £’000
Deferred tax assets Deferred tax assets to be settled within one year Deferred tax assets to be settled after more than one year
947
1,192 1,061
1,037 1,984
Total deferred tax assets 2,253 The carrying amount of the deferred tax asset is reviewed at each reporting date and is only recognised to the extent that it is probable that future taxable profits of the Group will allow the asset to be recovered. There is an amount of unrecognised deferred tax in relation to capital losses carried forward at 30 June 2025 of £859,000. A deferred tax asset is not recognised in these consolidated financial statements, nor the Parent Company financial statements, on the basis that it is not probable that capital gains will be available against which capital losses can be offset. The change in deferred income tax liabilities during the financial year is as follows:
2025 £’000
2024 £’000 (6,033)
Note
(5,394)
At 1 July
Liability on acquisition of client relationship intangible assets Credit to the consolidated statement of comprehensive income
(5,744)
14
–
1,357
1,574 (935)
(346)
Charge recognised in equity
964
Disposal of subsidiary
–
At 30 June (5,394) The change in deferred income tax assets and liabilities during the financial year was as follows: (9,163)
Accelerated capital allowances on research and development £’000
Intangible asset amortisation £’000
Trading losses carried forward £’000
Share- based payments £’000
Accelerated capital allowances £’000
Total £’000
Dilapidations £’000
Total £’000
Deferred tax liabilities At 1 July 2023
856
8,156
9,012
Deferred tax assets At 1 July 2023
Credit to the consolidated statement of comprehensive income
2,333
363
119
164
2,979
62
(1,427) 6,729 (1,106) 5,744 (1,208) 10,159
(1,365) 7,647 (1,111) 5,744 (1,133) 11,147
Credit to the consolidated statement of comprehensive income
At 30 June 2024
918
(5)
Disposal of subsidiary Acquisition of subsidiaries
503
(216)
(7)
(71)
209
–
Charge to equity At 30 June 2024
(935)
–
–
–
(935)
Charge/(credit) to the consolidated statement of comprehensive income
1,901
147
112
93
2,253
75
(147)
(4)
3
(148)
Disposal of subsidiary
At 30 June 2025
988
Credit to the consolidated statement of comprehensive income
2
– – –
117
106
225
2025 £’000
2024 £’000
(346)
–
–
(346)
Charge to equity At 30 June 2025
1,557
225
202
1,984
Deferred tax liabilities Deferred tax liabilities to be settled within one year Deferred tax liabilities to be settled after more than one year
1,185 9,962 11,147
1,006 6,641 7,647
Total deferred tax liabilities
Brooks Macdonald Group plc Annual Report and Accounts 2025
143
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