Strategic Report
Governance Report
Financial Statements
Company Financial Statements
46. Investment in subsidiaries continued
47. Financial assets 47(a) Financial assets at fair value through other comprehensive income
The registered office for all subsidiaries is 21 Lombard Street, London, EC3V 9AH, except for the following:
2025 £’000
2024 £’000
Company Registered office Cornelian Asset Managers Group Limited Hobart House, 80 Hanover Street, Edinburgh, EH2 1EL Cornelian Asset Managers Limited Hobart House, 80 Hanover Street, Edinburgh, EH2 1EL Cornelian Asset Managers Nominees Limited Hobart House, 80 Hanover Street, Edinburgh, EH2 1EL LIFT-Financial Group Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Invest Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Financial Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Sport Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Insurance Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Advice Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Mortgages Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Workwise Limited Century House, Regent Road, Altrincham, WA14 1RR LIFT-Tax Limited Century House, Regent Road, Altrincham, WA14 1RR In order that the below entities qualify for the exemption from audit under Section 479A of the Companies Act 2006 (in respect of the year ended 30 June 2025) Brooks Macdonald Group plc guarantees the liabilities of: • Adroit Financial Planning Limited • Braemar Group Limited • Brooks Macdonald Financial Consulting Limited • Brooks Macdonald Funds Limited
500
At beginning of year
500
(500)
Disposals
– –
– –
Net changes in fair value
At end of year
500
During the year ended 30 June 2025, the Company disposed of its investment of redeemable £500,000 preference shares in an unlisted company incorporated in the UK. 47(b) Financial assets at amortised cost
2025 £’000 29,963
2024 £’000
At 1 July Additions Disposals
–
–
29,978
(9,959)
–
1,108
Interest income under the EIR method
197
(1,187)
Contractual coupons received
(212)
• Integrity Wealth Solutions Limited • Levitas Investment Management Services Limited • Lucas Fettes Holdings Limited • Lucas Fettes and Partners (Financial Services) Limited
At 30 June
19,925
29,963
The Company holds an investment in 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 2026-28. 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. 47 (c) Financial assets at fair value through profit or loss
• Brooks Macdonald Nominees Limited • Cornelian Asset Managers Group Limited • Cornelian Asset Managers Limited • Cornelian Asset Managers Nominees Limited • CST Wealth Management Limited • Integrity Wealth (Holdings) Limited • Integrity Wealth Bidco Limited
• LIFT-Advice Limited • LIFT-Financial Limited • LIFT-Insurance Limited • LIFT-Mortgages Limited • LIFT-Sport Limited • LIFT-Tax Limited • LIFT-Workwise Limited
2025 £’000
2024 £’000
–
At 1 July Additions
– – – –
13,649
250
Finance income of deferred contingent consideration receivable
–
Fair value adjustments
As a condition of the exemption, the Company guarantees the year-end liabilities of the relevant subsidiaries until they are settled in full. The liabilities of the subsidiaries at 30 June 2025 were £2,815,000 (2024: £662,000).
At 30 June – The Company disposed of Brooks Macdonald Asset Management (International) Limited, and its wholly-owned subsidiaries (“BMI”). Part of the consideration is deferred. As at 30 June 2025, the deferred contingent consideration receivable for the BMI disposal was valued at £13,899,000. Refer to note 13 for further details. 13,899
Brooks Macdonald Group plc Annual Report and Accounts 2025
157
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