REGISTERED NUMBER: 12945497 (England and Wales)

Group Strategic Report, Directors' Report and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

THE RIGHT PARTNERSHIP LIMITED

Page

Company Information

1

Group Strategic Report

2

Directors' Report

4

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

A N Stretton

T Stretton

A M Wilson

M G Wilson

REGISTERED OFFICE:

70 St. Johns Close

Knowle

Solihull

West Midlands

B93 0NH

REGISTERED NUMBER:

12945497 (England and Wales)

AUDITORS:

Ark&Co Ltd - Statutory Auditors

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF THE BUSINESS

The Right Partnership Ltd delivered strong financial performance in 2024, demonstrating the resilience of our business model and the effectiveness of our strategic initiatives.

Key Performance Highlights:

- Group profit before tax: £3.16m (44.2% increase)

- Total revenue: £50.42m (24.5% increase)

- Operating cash generation: £3.21m (48.7.0% increase)

Final dividend paid for the year amounted to £2,192,681 (2023: £1,928,045).

PRINCIPAL RISKS AND UNCERTAINTIES

Risk Management Framework

The Board maintains a comprehensive risk management framework designed to identify, assess, and mitigate risks that could impact our strategic objectives and operational performance.

Key Risk Categories

Financial Risks

- Credit Risk: Potential losses from client default, managed through robust credit assessment processes

- Market Risk: Exposure to market fluctuations, mitigated through diversification strategies

- Liquidity Risk: Managed through strong cash flow forecasting and credit facilities

- Interest Rate Risk: Monitored and funds managed appropriately

Operational Risks

- Technology Risk: Cyber security and system reliability managed through continuous investment and monitoring

- Regulatory Risk: Compliance managed through dedicated teams and external advisors

- Key Person Risk: Mitigated through succession planning and knowledge management systems

- Operational Resilience: Business continuity plans regularly tested and updated

Strategic Risks

- Competitive Risk: Market position maintained through innovation and client service excellence

- Reputation Risk: Protected through robust governance and ethical business practices

- Economic Environment: Impact monitored through scenario planning and stress testing

Climate-Related Risks

While climate transition risks are not expected to have material short-term impact, we continue to monitor:

- Physical risks from extreme weather events

- Transition risks from policy and market changes

- Reputation risks from stakeholder expectations

- Opportunities from sustainable finance growth

Risk Assessment Conclusion

Following comprehensive assessment, the directors conclude that financial instrument risks (price, credit, liquidity, and cash flow) are not material to the Group's financial position or performance assessment.

Market Environment and Outlook

The financial services sector continues to evolve, driven by regulatory changes, technological advancement, and shifting client expectations. We remain well-positioned to capitalise on emerging opportunities while navigating market challenges.

Future Priorities

- Digital Transformation: Continued investment in technology infrastructure

- Service Innovation: Development of next-generation financial solutions

- Regulatory Adaptation: Proactive compliance with evolving requirements

- Sustainable Growth: Balanced approach to expansion and profitability

Looking Forward

The Right Partnership Ltd is well-positioned for continued success, with a strong financial foundation, clear strategic direction, and committed leadership team.

Our priorities for 2025 include accelerating digital capabilities, expanding client relationships, and maintaining our track record of profitable growth while upholding the highest standards of risk management and corporate governance.

ON BEHALF OF THE BOARD:

A N Stretton - Director

19 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of financial services. The group is authorised and regulated by the Financial Conduct Authority.

DIVIDENDS

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

A N Stretton

T Stretton

A M Wilson

M G Wilson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Ark&Co Ltd - Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A N Stretton - Director

19 September 2025

Opinion

We have audited the financial statements of The Right Partnership Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Directors' Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the company, group and industry within which it operates, we considered that non

compliance with the following laws and regulations might have a material effect on the financial statements: anti bribery, FCA regulations, General Data Protection regulation, fraud and money laundering.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

o Inquiring of management and, where appropriate, those charged with governance, as to whether the group

and the parent company is in compliance with laws and regulations, and discussing their policies and procedures

regarding compliance with laws and regulations;

o Inspecting correspondence with relevant regulatory authorities;

o Communicating identified laws and regulations to the engagement team and remaining alert to any indications of

non-compliance throughout our audit; and

o Considering the risk of acts by the group and the parent company which were contrary to applicable laws and

regulations, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gurnek Ark (Senior Statutory Auditor)

for and on behalf of Ark&Co Ltd - Statutory Auditors

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

19 September 2025

TURNOVER

50,424,000

40,492,343

Cost of sales

41,658,030

32,928,033

GROSS PROFIT

8,765,970

7,564,310

Administrative expenses

5,825,252

5,526,525

OPERATING PROFIT

4

2,940,718

2,037,785

Profit/loss on sale of

operation

6

-

11,001

2,940,718

2,048,786

Income from shares in group undertakings

121,822

76,646

Income from interest in associated undertakings

7

2,919

3,932

Interest receivable and similar income

97,006

62,728

221,747

143,306

PROFIT BEFORE TAXATION

3,162,465

2,192,092

Tax on profit

8

759,767

490,754

PROFIT FOR THE FINANCIAL YEAR

2,402,698

1,701,338

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,402,698

1,701,338

Profit attributable to:

Owners of the parent

2,402,698

1,701,338

Total comprehensive income attributable to:

Owners of the parent

2,402,698

1,701,338

FIXED ASSETS

Intangible assets

12

28,500

85,500

Tangible assets

13

29,742

31,639

Investments

14

Interest in associate

50

50

58,292

117,189

CURRENT ASSETS

Debtors

15

491,495

450,435

Cash at bank and in hand

4,562,928

3,926,224

5,054,423

4,376,659

CREDITORS

Amounts falling due within one year

16

3,691,315

3,282,365

NET CURRENT ASSETS

1,363,108

1,094,294

TOTAL ASSETS LESS CURRENT LIABILITIES

1,421,400

1,211,483

CAPITAL AND RESERVES

Called up share capital

17

10,653

10,753

Retained earnings

18

1,410,747

1,200,730

SHAREHOLDERS' FUNDS

1,421,400

1,211,483

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A N Stretton - Director

A M Wilson - Director

FIXED ASSETS

Intangible assets

12

-

-

Tangible assets

13

-

-

Investments

14

452

552

452

552

CURRENT ASSETS

Debtors

15

204,132

252,246

Cash at bank and in hand

162

176

204,294

252,422

CREDITORS

Amounts falling due within one year

16

30,845

15,204

NET CURRENT ASSETS

173,449

237,218

TOTAL ASSETS LESS CURRENT LIABILITIES

173,901

237,770

CAPITAL AND RESERVES

Called up share capital

17

100

100

Retained earnings

173,801

237,670

SHAREHOLDERS' FUNDS

173,901

237,770

Company's profit for the financial year

2,126,289

1,989,992

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A N Stretton - Director

M G Wilson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

11,058

1,427,437

1,438,495

Changes in equity

Issue of share capital

(305

)

-

(305

)

Dividends

-

(1,928,045

)

(1,928,045

)

Total comprehensive income

-

1,701,338

1,701,338

Balance at 31 December 2023

10,753

1,200,730

1,211,483

Changes in equity

Issue of share capital

(100

)

-

(100

)

Dividends

-

(2,192,681

)

(2,192,681

)

Total comprehensive income

-

2,402,698

2,402,698

Balance at 31 December 2024

10,653

1,410,747

1,421,400

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

175,723

175,823

Changes in equity

Dividends

-

(1,928,045

)

(1,928,045

)

Total comprehensive income

-

1,989,992

1,989,992

Balance at 31 December 2023

100

237,670

237,770

Changes in equity

Dividends

-

(2,190,158

)

(2,190,158

)

Total comprehensive income

-

2,126,289

2,126,289

Balance at 31 December 2024

100

173,801

173,901

Cash flows from operating activities

Cash generated from operations

1

3,209,706

2,159,074

Tax paid

(587,019

)

(774,847

)

Net cash from operating activities

2,622,687

1,384,227

Cash flows from investing activities

Purchase of tangible fixed assets

(16,366

)

(17,229

)

Purchase of fixed asset investments

-

(50

)

Disposal proceeds on sale of subsidiary

-

20,000

Loss on deconsolidation of subsidiaries

-

(25,777

)

Interest received

97,006

62,728

Dividends received

124,741

80,578

Net cash from investing activities

205,381

120,250

Cash flows from financing activities

Amount introduced by directors

1,491

416

Amount withdrawn by directors

(74

)

1,113

Share issue

(100

)

(305

)

Equity dividends paid

(2,192,681

)

(1,928,045

)

Net cash from financing activities

(2,191,364

)

(1,926,821

)

Increase/(decrease) in cash and cash equivalents

636,704

(422,344

)

Cash and cash equivalents at beginning of year

2

3,926,224

4,348,568

Cash and cash equivalents at end of year

2

4,562,928

3,926,224

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

Profit before taxation

3,162,465

2,192,092

Depreciation charges

75,264

73,389

Finance income

(221,747

)

(143,306

)

3,015,982

2,122,175

(Increase)/decrease in trade and other debtors

(48,292

)

492,433

Increase/(decrease) in trade and other creditors

242,016

(455,534

)

Cash generated from operations

3,209,706

2,159,074

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,562,928

3,926,224

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

3,926,224

4,348,568

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

3,926,224

636,704

4,562,928

3,926,224

636,704

4,562,928

Total

3,926,224

636,704

4,562,928

1.	STATUTORY INFORMATION

The Right Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As per S1 of FRS 102 an exemption for no parent only cashflow statement has been taken.

Basis of consolidation

The basis of consolidation combined the financial statements of The Right Partnership Ltd (parent company), and its subsidiaries, into a single set of financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Group's accounting policies, which are described in note I, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Key assumptions, estimates and judgements

The Company makes assumptions, estimates and judgements concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. These are continually evaluated and based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The assumptions and estimates that have a significant risk of causing material adjustment to the Company's earnings and Statement of Financial Position carrying values are estimates in relation to persistency of policies used to calculate the provisions for distribution and commission clawback and the recognition of contract assets and estimates in relation to any possible redress.

There were no critical judgements made during the financial year to 31 December 2024.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when commission has been received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software has been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Financial instruments

Financial assets and liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument.

i. Investments

Investments held as fixed assets by the Company, which entirely represent investments in group companies are stated at cost, less any provision for impairment in value.

ii. Financing Costs

Financial costs of financial liabilities are recognised in the profit and loss account over the terms of such instruments on the carrying amount.

iii. Financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangement entered into.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

2,780,533

2,527,832

Social security costs

304,582

265,539

Other pension costs

66,539

56,059

3,151,654

2,849,430

The average number of employees during the year was as follows:

31.12.24

31.12.23

Management

5

5

Administration

65

61

70

66

For the period ending 31st December 2024 the total salary received by the Key Management Personnel was £410,169 (2023: £371,245). These persons are the directors in one of the material subsidiaries within the group.

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.24

31.12.23

£

£

Other operating leases

61,441

85,044

Depreciation - owned assets

18,263

16,389

Goodwill amortisation

57,000

57,000