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| Registered number: 09831162
WEALTH CLUB LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
WEALTH CLUB LIMITED COMPANY INFORMATION
DIRECTORS | G E Bowen (resigned 28 February 2025)
| M Caricato
| A J F Davies
| S A H Leech
| R G Richards
| S F S Power
REGISTERED NUMBER | 09831162
REGISTERED OFFICE | 20 Richmond Hill
| Bristol
| BS8 1BA
INDEPENDENT AUDITORS | Bishop Fleming Audit Limited
| Chartered Accountants & Statutory Auditors
| 10 Temple Back
| Bristol
| BS1 6FL
WEALTH CLUB LIMITED CONTENTS
| Page
Group strategic report | 1
Directors' report | 2 - 3
Directors' responsibilities statement | 4
Independent auditors' report | 5 - 8
Consolidated statement of comprehensive income | 9
Consolidated statement of financial position | 10 - 11
Company statement of financial position | 12 - 13
Consolidated statement of changes in equity | 14
Company statement of changes in equity | 15
Consolidated statement of cash flows | 16
Notes to the financial statements | 17 - 33
WEALTH CLUB LIMITED GROUP STRATEGIC REPORT FOR THE YEAR ENDED 30 JUNE 2025
INTRODUCTION
Wealth Club is an award-winning online investment platform for high-net-worth and sophisticated investors. It is the largest service of its kind in the UK.
BUSINESS REVIEW
Against a challenging backdrop of continued impacts of inflation, interest rates, and ongoing political and economic instability the Wealth Club group reported another year of growth further demonstrating the resilience of the groups business model.
PRINCIPAL RISKS AND UNCERTAINTIES
The source of greatest external risk to our business is likely to be any changes in the economic, political and fiscal environment. A recession, continuing high inflation, changes to tax rules or a dip in investor sentiment could all impact our business and present challenges.
FINANCIAL KEY PERFORMANCE INDICATORS
Gross profit grew 23% to £9.2 million (2024: £7.5 million) and profit before tax increased by 13% to £3.6 million (2024: £3.2 million).
OTHER KEY PERFORMANCE INDICATORS
Throughout the year we have continued to invest for our future, launching a new product, enhancing our existing technology offering and investing in our staff. We have carefully controlled costs to provide the foundations on which we can scale for our long-term, sustainable growth. No other KPI analysis is considered necessary for an understanding of the development, performance and position of the group.
DIRECTORS' STATEMENT OF COMPLIANCE WITH DUTY TO PROMOTE THE SUCCESS OF THE GROUP
The board of directors believes they have fulfilled their individual and collective duties to act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of shareholders as a whole. This report was approved by the board on 21 October 2025 and signed on its behalf.
A J F Davies Director
Page 1
WEALTH CLUB LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2025 The directors present their report and the financial statements for the year ended 30 June 2025.
RESULTS AND DIVIDENDS
The profit for the year, after taxation, amounted to £2,677,340 (2024:£2,511,811). Dividends paid during the year amounted to £2,099,603 (2024: £2,300,032).
DIRECTORS
The directors who served during the year were:
G E Bowen (resigned 28 February 2025)
M Caricato
A J F Davies
S A H Leech
R G Richards
S F S Power
FUTURE DEVELOPMENTS
There is immense opportunity for Wealth Club across tax efficient and DIY main market savings and investments. We intend to continue growing our existing business as well as offering a greater range of alternative, private equity and more mainstream listed investments.
ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS
The group fosters business relationships with its clients by acting on feedback, using dedicated customer relationship managers and by maintaining a high quality of service at all times. The group fosters business relationships with its suppliers by supporting a high number of local suppliers, ensuring relationships are mutually beneficial and paying invoices within agreed payment terms.
GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION AND ENERGY EFFICIENCY ACTION
The Group’s greenhouse gas emission and energy consumption for the year is 84,006kWh (2024: 82,287kWh) which relates to light, power and heating for the office. This has been calculated through kWh stated on invoices received from our energy suppliers. The Group’s employee to kWh ratio is 2,240kWh (2024: 2,552kWh).
MATTERS COVERED IN THE STRATEGIC REPORT
The Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 requires a Strategic Report to be prepared. Where mandatory disclosures in the Directors' Report are considered by the directors to be of strategic importance these have been included within the Strategic Report rather than the Directors' Report.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information. Page 2
WEALTH CLUB LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
AUDITORS
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
A J F Davies Director
Date: 21 October 2025
20 Richmond Hill
Bristol
BS8 1BA
Page 3
WEALTH CLUB LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2025 The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 for the Group's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to 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. Page 4
WEALTH CLUB LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEALTH CLUB LIMITED
OPINION
We have audited the financial statements of Wealth Club Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2025, which comprise the Consolidated Statement of comprehensive income, the Consolidated and Company Statement of financial position, the Consolidated and Company Statement of changes in equity, the Consolidated Statement of cash flows and the related notes, 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's affairs as at 30 June 2025 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 United Kingdom, including the Financial Reporting Council'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 or 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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. Page 5
WEALTH CLUB LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEALTH CLUB LIMITED (CONTINUED)
OPINION 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 in relation to which 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 Directors' responsibilities statement set out on page 4, 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 is 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. Page 6
WEALTH CLUB LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEALTH CLUB LIMITED (CONTINUED)
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 an Auditors' report 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 Group financial statements. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following: ∙the nature of the industry and sector, control environment and business performance; ∙the results of our enquiries of management and the directors about their own identification and assessment of the risk of irregularities; ∙any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to: °identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; °detecting and responding to the risk of fraud and whether they have knowledge of actual, suspected, or alleged fraud; and °the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations. ∙the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, and incorrect recognition of revenue was identified as the greatest potential area for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls. We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate or to avoid a material penalty. These included health and safety regulations, employment legislation, data protection laws and regulations stipulated by the Financial Conduct Authority (FCA). Our procedures to respond to risks identified included the following: ∙reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; ∙enquiring of management concerning actual and potential litigation claims; ∙reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue; ∙reviewing Board meeting minutes; ∙reviewing correspondence with the FCA for indications of non-compliance; and ∙in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting Page 7
WEALTH CLUB LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WEALTH CLUB LIMITED (CONTINUED) estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 Auditors' report.
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 an Auditors' report 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. Stuart Crisp BSc FCA (Senior statutory auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants Statutory Auditors 10 Temple Back Bristol BS1 6FL 21 October 2025 Page 8
WEALTH CLUB LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 9,665,800 | 7,940,376
Cost of sales |  | (497,592) | (430,595)
Gross profit |  | 9,168,208 | 7,509,781
Administrative expenses |  | (5,745,270) | (4,404,651)
Operating profit | 5 | 3,422,938 | 3,105,130
Interest receivable and similar income | 9 | 133,947 | 77,981
Interest payable and similar expenses | 10 | - | (6,646)
Profit before taxation |  | 3,556,885 | 3,176,465
Tax on profit | 11 | (879,545) | (664,654)
Profit for the financial year |  | 2,677,340 | 2,511,811
Profit for the year attributable to: |  |  |
Owners of the parent Company |  | 2,677,340 | 2,511,811
|  | 2,677,340 | 2,511,811
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 17 to 33 form part of these financial statements.
Page 9
WEALTH CLUB LIMITED REGISTERED NUMBER:09831162 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 13 |  | 144,037 |  | 177,993
Tangible assets | 14 |  | 393,019 |  | 454,032
Investments | 15 |  | 42,876 |  | 42,876
|  |  | 579,932 |  | 674,901
Current assets |  |  |  |  |
Debtors | 16 | 7,125,438 |  | 7,293,274 |
Current asset investments | 17 | 500,609 |  | 925,000 |
Cash at bank and in hand | 18 | 3,463,523 |  | 2,013,621 |
|  | 11,089,570 |  | 10,231,895 |
Creditors: amounts falling due within one year | 19 | (2,136,999) |  | (1,900,643) |
Net current assets |  |  | 8,952,571 |  | 8,331,252
Total assets less current liabilities |  |  | 9,532,503 |  | 9,006,153
Creditors: amounts falling due after more than one year | 20 |  | (582,967) |  | (614,160)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 21 | (49,367) |  | (69,561) |
|  |  | (49,367) |  | (69,561)
Net assets |  |  | 8,900,169 |  | 8,322,432
Capital and reserves |  |  |  |  |
Called up share capital | 22 |  | 1,300,982 |  | 1,300,982
Capital redemption reserve |  |  | 30 |  | 30
Profit and loss account |  |  | 7,599,157 |  | 7,021,420
Equity attributable to owners of the parent Company |  |  | 8,900,169 |  | 8,322,432
|  |  | 8,900,169 |  | 8,322,432
Page 10
WEALTH CLUB LIMITED REGISTERED NUMBER:09831162 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A J F Davies
Director
Date: 21 October 2025
The notes on pages 17 to 33 form part of these financial statements. Page 11
WEALTH CLUB LIMITED REGISTERED NUMBER:09831162 COMPANY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 13 |  | 144,037 |  | 177,993
Tangible assets | 14 |  | 393,019 |  | 454,032
Investments | 15 |  | 3,510,786 |  | 3,510,786
|  |  | 4,047,842 |  | 4,142,811
Current assets |  |  |  |  |
Debtors | 16 | 6,976,521 |  | 7,108,994 |
Current asset investments | 17 | 500,000 |  | 925,000 |
Cash at bank and in hand | 18 | 2,133,695 |  | 875,470 |
|  | 9,610,216 |  | 8,909,464 |
Creditors: amounts falling due within one year | 19 | (1,967,346) |  | (1,746,832) |
Net current assets |  |  | 7,642,870 |  | 7,162,632
Total assets less current liabilities |  |  | 11,690,712 |  | 11,305,443
Creditors: amounts falling due after more than one year | 20 |  | (582,967) |  | (614,160)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 21 | (49,367) |  | (69,561) |
|  |  | (49,367) |  | (69,561)
Net assets excluding pension asset |  |  | 11,058,378 |  | 10,621,722
Net assets |  |  | 11,058,378 |  | 10,621,722
Capital and reserves |  |  |  |  |
Called up share capital | 22 |  | 1,300,982 |  | 1,300,982
Capital redemption reserve |  |  | 30 |  | 30
Profit and loss account |  |  | 9,757,366 |  | 9,320,710
|  |  | 11,058,378 |  | 10,621,722
Page 12
WEALTH CLUB LIMITED REGISTERED NUMBER:09831162 COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A J F Davies
Director
Date: 21 October 2025
The notes on pages 17 to 33 form part of these financial statements. Page 13
WEALTH CLUB LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 July 2023 | 1,300,982 | 30 | 6,809,641 | 8,110,653
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 2,511,811 | 2,511,811
Total comprehensive income for the year | - | - | 2,511,811 | 2,511,811
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (2,300,032) | (2,300,032)
Total transactions with owners | - | - | (2,300,032) | (2,300,032)
At 1 July 2024 | 1,300,982 | 30 | 7,021,420 | 8,322,432
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 2,677,340 | 2,677,340
Total comprehensive income for the year | - | - | 2,677,340 | 2,677,340
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (2,099,603) | (2,099,603)
Total transactions with owners | - | - | (2,099,603) | (2,099,603)
At 30 June 2025 | 1,300,982 | 30 | 7,599,157 | 8,900,169
| The notes on pages 17 to 33 form part of these financial statements.
Page 14
WEALTH CLUB LIMITED COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 July 2023 | 1,300,982 | 30 | 8,371,226 | 9,672,238
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 3,249,516 | 3,249,516
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (2,300,032) | (2,300,032)
Total transactions with owners | - | - | (2,300,032) | (2,300,032)
At 1 July 2024 | 1,300,982 | 30 | 9,320,710 | 10,621,722
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 2,536,259 | 2,536,259
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (2,099,603) | (2,099,603)
Total transactions with owners | - | - | (2,099,603) | (2,099,603)
At 30 June 2025 | 1,300,982 | 30 | 9,757,366 | 11,058,378
| The notes on pages 17 to 33 form part of these financial statements.
Page 15
WEALTH CLUB LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 2,677,340 | 2,511,811
Adjustments for: |  |
Amortisation of intangible assets | 33,956 | 11,083
Depreciation of tangible assets | 68,649 | 68,107
Loss on disposal of tangible assets | 139 | 225
Interest paid | - | 6,646
Interest received | (133,947) | (77,981)
Taxation charge | 879,545 | 664,654
Decrease/(increase) in debtors | 167,836 | (961,781)
Increase/(decrease) in creditors | 140,690 | (533,284)
Corporation tax (paid) | (835,266) | (805,531)
Net cash generated from operating activities | 2,998,942 | 883,949
Cash flows from investing activities |  |
Purchase of intangible fixed assets | - | (14,878)
Purchase of tangible fixed assets | (7,775) | (19,206)
Interest received | 133,947 | 77,981
Net cash from investing activities | 126,172 | 43,897
Cash flows from financing activities |  |
Dividends paid | (2,099,603) | (2,300,032)
Interest paid | - | (6,646)
Net cash used in financing activities | (2,099,603) | (2,306,678)
Net increase/(decrease) in cash and cash equivalents | 1,025,511 | (1,378,832)
Cash and cash equivalents at beginning of year | 2,938,621 | 4,317,453
Cash and cash equivalents at the end of year | 3,964,132 | 2,938,621
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand and current asset investments | 3,964,132 | 2,938,621
| 3,964,132 | 2,938,621
Page 16
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | GENERAL INFORMATION
Wealth Club Limited is a private company, limited by shares, incorporated and registered in England and Wales. Its registered office is 20 Richmond Hill, Bristol BS8 1BA. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3). The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. Where transactions and balances have been presented differently in the current period, the prior period comparative has been updated to ensure consistency with the current period classification. The following principal accounting policies have been applied:
| 2.2 | BASIS OF CONSOLIDATION
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with. The parent company has taken advantage of the exemption from preparing a statement of cash flows, on the basis that it is a qualifying entity and the consolidated statement of cash flows, included within these financial statements, includes the company's cash flows.
| 2.3 | GOING CONCERN
The directors have prepared forecasts including cash flow projections and carefully considered the recent events and any reasonably foreseeable changes in market conditons that may arise. With these in mind, the directors have considered the ability to continue as a going concern and believe this to be an appropriate basis on which to prepare accounts as the directors have the resources and intend to continue to support the company for the foreseeable future. Page 17
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | REVENUE
Turnover is comprised of initial fees and commission, trail income and other revenue. Initial fees and commission are recognised once the funding requirement of a raise has been met by the investor. For certain products payment of such fees and commission is deferred and paid over a defined time period. This is considered to be trail income and is only recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Other revenue of the Group and Company is invoiced in line with the relevant agreements and recognised either as revenue on the invoice date or in the case of services invoiced in advance over the term of the service. Revenue from a contract to provide services is recognised in the period in which the services are provided. Performance/exit fees are only recognised on the occurrence of a successful exit event. In all cases, revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.5 | OPERATING LEASES: THE GROUP AS LESSEE
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | RESEARCH AND DEVELOPMENT
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.7 | INTEREST INCOME
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 18
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.
| 2.10 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.11 | INTANGIBLE ASSETS
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.12 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 19
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.12 | TANGIBLE FIXED ASSETS (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line or reducing balance basis.. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 10% | straight line
|  |  |  | Office equipment | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | VALUATION OF INVESTMENTS
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.14 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.15 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
| 2.16 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 20
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.17 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increase in provisions are generally charged as an expense to profit and or loss.
| 2.18 | FINANCIAL INSTRUMENTS
The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.19 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of financial statements in conformity with FRS 102 requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based upon historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgments about carrying values of assets and liabilities that are not readily available from other sources. Actual results may subsequently differ from these estimates. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The critical accounting judgments adopted by management applicable to this company are: The extent of trail income recognised, and valuation of income receivable is determined through judgement and an estimation of expected fees arising from completed contractual obligations that are payable in instalments. There’s an inherent risk that such income may not be recoverable and there is a market risk due to a change in market conditions (for income subject to changes in net asset value). The directors take these risks into account when projecting income receivable. A bad debt is recognised when it is probable that the outstanding balance will not be received in full. The impairment of financial assets is measured at cost and where there is objective evidence of impairment, the entity recognises the impairment loss in the profit or loss immediately. The evidence of impairment depends on factors such as the financial viability of the debtor, breach of contract, press releases or other economic factors. Management estimates these factors based on current market information. Page 21
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | TURNOVER
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Initial Fees & Commission | 3,852,106 | 3,269,416
| Trail Income and Other Recurring Revenue | 5,813,694 | 4,670,960
|  | 9,665,800 | 7,940,376
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 9,665,800 | 7,940,376
|  | 9,665,800 | 7,940,376
5. | OPERATING PROFIT
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other operating lease rentals | 196,684 | 105,784
6. | AUDITORS' REMUNERATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Group's auditors and its associates for the audit of the Group's annual financial statements | 23,650 | 22,880
| Fees payable to the Company's auditors and their associates in connection with the Group's pension scheme(s) in respect of: |  |
| Audit-related assurance services | 5,850 | 1,815
| Taxation compliance services | 2,700 | 2,250
Page 22
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | EMPLOYEES
| Staff costs, including directors' remuneration, were as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Wages and salaries | 3,245,968 | 2,426,898 | 3,245,968 | 2,426,898
| Social security costs | 392,775 | 284,099 | 392,775 | 284,099
| Cost of defined contribution scheme | 180,709 | 255,996 | 180,709 | 255,996
|  | 3,819,452 | 2,966,993 | 3,819,452 | 2,966,993
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | Group | Group | Company | Company
|  |  | 2025 | 2024 | 2025 | 2024
|  |  | No. | No. | No. | No.
|  | Administrative staff | 39 | 33 | 39 | 33
8. | DIRECTORS' REMUNERATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 1,233,879 | 920,219
| Group contributions to defined contribution pension schemes | 69,404 | 92,687
|  | 1,303,283 | 1,012,906
| The highest paid director received remuneration of £383,451 (2024:£211,900). Remuneration includes compensation for loss of office of £115,000 (2024: £Nil).
| The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £1,265 (2024:£1,900).
| During the year 1 director received shares under the long-term incentive schemes (2024 -4)
9. | INTEREST RECEIVABLE
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest receivable | 133,947 | 77,981
|  | 133,947 | 77,981
Page 23
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | INTEREST PAYABLE AND SIMILAR EXPENSES
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Interest payable | - | 6,646
|  | - | 6,646
11. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| CORPORATION TAX |  |
| Current tax on profits for the year | 899,739 | 735,029
| Adjustments in respect of previous periods | - | (112,176)
|  | 899,739 | 622,853
| TOTAL CURRENT TAX | 899,739 | 622,853
| DEFERRED TAX |  |
| Origination and reversal of timing differences | (20,194) | 41,801
| TOTAL DEFERRED TAX | (20,194) | 41,801
|  | 879,545 | 664,654
Page 24
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 11.TAXATION (CONTINUED)
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is lower than (2024:lower than) the standard rate of corporation tax in the UK of 25% (2024:25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 3,556,885 | 3,176,465
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024:25%) | 889,221 | 794,116
| EFFECTS OF: |  |
| Expenses not deductible for tax purposes | - | 1,328
| Adjustments to tax charge in respect of prior periods | - | (112,176)
| Tax deduction arising from exercise of employee options | - | (46,829)
| Other differences leading to an increase (decrease) in the tax charge | (9,676) | 28,215
| TOTAL TAX CHARGE FOR THE YEAR | 879,545 | 664,654
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There are no matters that are expected to materially affect future tax charges.
12. | DIVIDENDS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends paid to A Ordinary shares | 1,904,601 | 2,068,859
| Dividends paid to C Ordinary shares | 195,002 | 231,173
|  | 2,099,603 | 2,300,032
Page 25
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. | INTANGIBLE ASSETS
| Group
|  | Development expenditure | Goodwill | Total
|  | £ | £ | £
| COST |  |  |
| At 1 July 2024 | 248,061 | 2,061,296 | 2,309,357
| At 30 June 2025 | 248,061 | 2,061,296 | 2,309,357
| AMORTISATION |  |  |
| At 1 July 2024 | 70,068 | 2,061,296 | 2,131,364
| Charge for the year on owned assets | 33,956 | - | 33,956
| At 30 June 2025 | 104,024 | 2,061,296 | 2,165,320
| NET BOOK VALUE |  |  |
| At 30 June 2025 | 144,037 | - | 144,037
| At 30 June 2024 | 177,993 | - | 177,993
Page 26
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 13.INTANGIBLE ASSETS (CONTINUED)
| Company
|  | Development expenditure
|  | £
| COST |
| At 1 July 2024 | 248,061
| At 30 June 2025 | 248,061
| AMORTISATION |
| At 1 July 2024 | 70,068
| Charge for the year | 33,956
| At 30 June 2025 | 104,024
| NET BOOK VALUE |
| At 30 June 2025 | 144,037
| At 30 June 2024 | 177,993
Page 27
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
14. | TANGIBLE FIXED ASSETS
| Group and Company
|  | Fixtures and fittings | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| COST OR VALUATION |  |  |  |
| At 1 July 2024 | 551,025 | 40,489 | 73,027 | 664,541
| Additions | - | 1,348 | 6,427 | 7,775
| Disposals | - | - | (649) | (649)
| At 30 June 2025 | 551,025 | 41,837 | 78,805 | 671,667
| DEPRECIATION |  |  |  |
| At 1 July 2024 | 146,056 | 21,083 | 43,370 | 210,509
| Charge for the year on owned assets | 55,102 | 5,134 | 8,413 | 68,649
| Disposals | - | - | (510) | (510)
| At 30 June 2025 | 201,158 | 26,217 | 51,273 | 278,648
| NET BOOK VALUE |  |  |  |
| At 30 June 2025 | 349,867 | 15,620 | 27,532 | 393,019
| At 30 June 2024 | 404,969 | 19,406 | 29,657 | 454,032
15. | FIXED ASSET INVESTMENTS
| Group
|  | Trade investments
|  | £
| At 1 July 2024 | 42,876
| At 30 June 2025 | 42,876
Page 28
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| Company
|  | Investments in subsidiary companies | Trade investments | Total
|  | £ | £ | £
| COST OR VALUATION |  |  |
| At 1 July 2024 | 3,467,910 | 42,876 | 3,510,786
| At 30 June 2025 | 3,467,910 | 42,876 | 3,510,786
| SUBSIDIARY UNDERTAKINGS
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| Wealth Club Asset Management Limited | 20 Richmond Hill, Bristol, BS8 1BA | Ordinary | 100%
| Wealth Club Nominees Limited* | 20 Richmond Hill, Bristol, BS8 1BA | Ordinary | 100%
| * Indirectly held.
16. | DEBTORS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| DUE AFTER MORE THAN ONE YEAR |  |  |  |
| Prepayments and accrued income | 1,513,801 | 1,246,320 | 1,513,801 | 1,246,320
|  | 1,513,801 | 1,246,320 | 1,513,801 | 1,246,320
| DUE WITHIN ONE YEAR |  |  |  |
| Trade debtors | 659,286 | 464,557 | 595,514 | 415,192
| Amounts owed by group undertakings | - | - | 50,046 | -
| Other debtors | 3 | - | 3 | -
| Prepayments and accrued income | 4,952,348 | 5,582,397 | 4,817,157 | 5,447,482
|  | 7,125,438 | 7,293,274 | 6,976,521 | 7,108,994
Page 29
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. | CURRENT ASSET INVESTMENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Current asset investments | 500,609 | 925,000 | 500,000 | 925,000
|  | 500,609 | 925,000 | 500,000 | 925,000
| Unlisted investments comprise of deposits held with financial institutions that mature in no more than three months from the date of acquisition.
18. | CASH AND CASH EQUIVALENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 3,463,523 | 2,013,621 | 2,133,695 | 875,470
| Current asset investments | 500,609 | 925,000 | 500,000 | 925,000
|  | 3,964,132 | 2,938,621 | 2,633,695 | 1,800,470
19. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade creditors | 54,307 | 39,744 | 50,085 | 33,417
| Amounts owed to group undertakings | - | - | - | 19,664
| Corporation tax | 409,095 | 344,622 | 355,114 | 341,410
| Other taxation and social security | 563,696 | 469,228 | 546,093 | 457,951
| Other creditors | 47,348 | 2,958 | 47,348 | 2,958
| Accruals and deferred income | 1,062,553 | 1,044,091 | 968,706 | 891,432
|  | 2,136,999 | 1,900,643 | 1,967,346 | 1,746,832
20. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accruals and deferred income | 582,967 | 614,160 | 582,967 | 614,160
|  | 582,967 | 614,160 | 582,967 | 614,160
Page 30
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
21. | DEFERRED TAXATION
| Group
|  | 2025
|  | £
| At beginning of year | (69,561)
| Charged to profit or loss | 20,194
| AT END OF YEAR | (49,367)
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accelerated capital allowances | (49,367) | (69,561) | (49,367) | (69,561)
|  | (49,367) | (69,561) | (49,367) | (69,561)
22. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 88,125 (2024:88,375) A Ordinary shares of £0.01 each | 881 | 884
|  | 129,999,900 (2024:129,999,900) B Ordinary shares of £0.01 each | 1,299,999 | 1,299,999
|  | 10,125 (2024:9,875) C Ordinary shares of £0.01 each | 102 | 99
|  |  | 1,300,982 | 1,300,982
| During the year 250 A ordinary shares were converted to C ordinary shares.
Page 31
WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
23. | SHARE-BASED PAYMENTS
| The company has 730 outstanding share options over ordinary C shares of £0.01. In the year 240 options were granted, 60 options were forfeited due to staff leaving the scheme and 1,000 share options were exercised. Exercised option shares were distributed through a share dilution, not a share issue. In considering the conditions arising at the date of grant and scheme rules for the options the directors have determined that any charge arising under share based payments as prescribed by FRS102 is not material to the financial statements therefore no such charge has been recognised.
|  | Weighted average exercise price (pence) 2025 | Number 2025 | Weighted average exercise price (pence) 2024 | Number 2024
| Outstanding at the beginning of the year | 2,070 | 1,550 | 616 | 9,185
| Granted during the year | 3,283 | 240 |  | -
| Forfeited during the year | 3,283 | (60) | 1,866 | (10)
| Exercised during the year | 1,866 | (1,000) | 318 | (7,625)
| OUTSTANDING AT THE END OF THE YEAR | 2,649 | 730 | 2,070 | 1,550
24. | COMMITMENTS UNDER OPERATING LEASES
| At 30 June 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Not later than 1 year | 109,427 | 108,931 | 109,427 | 108,931
| Later than 1 year and not later than 5 years | 109,135 | 218,039 | 109,135 | 218,039
| Later than 5 years | - | 405 | - | 405
|  | 218,562 | 327,375 | 218,562 | 327,375
25. | RELATED PARTY TRANSACTIONS
| The company has taken advantage of the exemption in Financial Reporting Standard 102 Section 33 "Related Party Disclosure" and has not disclosed details of transactions with companies within the group. The company leases property from a company under common control. During the year operating lease charges in relation to this amounted to £197,884 (2024: £105,784).
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WEALTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
26. | POST BALANCE SHEET EVENTS
In July 2025, the Company entered into a new operating lease agreement in relation to a property in Bristol.
27. | CONTROLLING PARTY
The controlling party is A J F Davies by virtue of his majority shareholding in the company.
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