Notes to the Company financial statements continued For the year ended 30 June 2025
47. Financial assets continued
Level 1 £’000
Level 2 £’000
Level 3 £’000
Total £’000
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.
Financial liabilities At 1 July 2024
– –
– –
–
–
Additions
14,557
14,557
Finance cost of deferred contingent consideration payable
– – –
– – –
399 422
399 422
Net changes in fair value
At 30 June 2025
15,378
15,378
Comprising: Deferred contingent consideration payable (note 51)
– –
– –
15,378 15,378
15,378 15,378
Level 1 £’000
Level 2 £’000
Level 3 £’000
Total £’000
Total financial liabilities
Financial assets At 1 July 2024
The Level 3 financial liabilities consist of deferred contingent consideration payable, valued using the net present value of the expected future amounts payable. The key inputs are management- approved forecasts and expectations against the criteria of the deferred contingent consideration to set expectations of future amounts payable. The deferred contingent consideration is reviewed and revalued at regular intervals over the deferred contingent consideration period (refer to note 51). The fair value is sensitive to the change in management- approved forecasts, which relate to revenue and AUM projections for future periods; however, at each reporting date, the relevant management-approved forecasts are deemed to be the most accurate and relevant input to the fair value measurement. 48. Trade and other receivables
29,963
– – – – – –
500
30,463 13,649
Additions
–
13,649
Net changes in fair value
(79)
–
(79)
Finance income on deferred contingent consideration receivable
–
250
250
Disposals
(9,959) 19,925
(500)
(10,459) 33,824
At 30 June 2025
13,899
Comprising: Financial assets at fair value through other comprehensive income
–
–
–
–
Financial assets held at amortised cost
19,925
–
–
19,925
2025 £’000
2024 £’000
Financial assets at fair value through profit and loss
–
– –
13,899 13,899
13,899
Total financial assets 33,824 The Level 3 financial assets disposed during the period include 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. 19,925
–
Amounts owed by subsidiary undertakings
162
794 227
Other receivables
18
Prepayments and accrued income Total trade and other receivables
80
1,021
260
Amounts owed by subsidiary companies are unsecured, interest-free and repayable on demand.
158
Brooks Macdonald Group plc Annual Report and Accounts 2025
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