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Registered number: 11186461
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Wisdom Finance Limited
Financial statements
Information for filing with the registrar
31 March 2025
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Balance sheet
At 31 March 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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1
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Balance sheet (continued)
At 31 March 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.
Company registered number: 11186461
The notes on pages 3 to 10 form part of these financial statements.
2
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Notes to the financial statements
Year ended 31 March 2025
Wisdom Finance Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
The company’s revenue streams comprise:
∙Consultancy income is recognised when the services have been provided and the right to consideration has been established.
∙Interest income is recognised on an accrual basis using the effective interest method.
∙The company’s share of profits from the LLP investment is recognised when the right to receive income is established, based on the LLP’s reported results.
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.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company 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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
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Current and deferred taxation
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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 balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
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 balance sheet date.
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is provided on intangible assets so as to write off the cost of an asset over its estimated useful life.
Asset residual values and useful lives are reviewed at the end of each reporting period, and adjusted if appropriate. The effect of any change is accounted for prospectively.
Cryptocurrencies
The company categorises cryptocurrencies as being an intangible asset since they represent an identifiable non-monetary asset without physical substance. Cryptocurrencies are measured at cost on initial recognition and subsequently held at cost less impairment.
The company believes that its investment in cryptocurrency has a long term residual value. This assessment is based on the fact that there is an active market for cryptocurrencies, and it is probable that such an active market will exist at the end of the asset’s useful economic life. The company has therefore chosen not to amortise cryptocurrencies since any depreciable amount would be negligible.
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.
4
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:
Depreciation is provided on the following basis:
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.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
The company is a member of a limited liability partnership (LLP). The interest in the LLP is carried at cost, adjusted for the company’s share of profits and reduced by any drawings received.
The company’s share of profits from the LLP investment is recognised when the right to receive income is established, based on the LLP’s reported results.
Drawings are treated as reductions in the investment balance and not as income. The investment is reviewed for indicators of impairment at each reporting date.
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Provisions for liabilities
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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.
Increases in provisions are generally charged as an expense to profit or loss.
5
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
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Investment in cypto currencies
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6
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Notes to the financial statements
Year ended 31 March 2025
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Charge for the year on owned assets
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7
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Notes to the financial statements
Year ended 31 March 2025
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Investments in associates
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Investments in unlisted companies
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At 1 April 2024 (as previously stated)
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At 1 April 2024 (as restated)
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Investment in associates
The company holds equity interests in entities over which it exercises significant influence but does not have control. These include:
∙Celbridge2 Limited
∙Cannon Bridge Angels Limited
Investment in unlisted companies
The company holds investments in a number of unlisted companies and investment funds. These investments are held as minority interests and are not consolidated, as the company does not exercise control over the underlying entities.
Investment in LLP
The company holds an investment in Cannon Bridge Ventures LLP, which is not consolidated as the company does not exercise control over the entity.
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Amounts owed by associated undertakings
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8
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Notes to the financial statements
Year ended 31 March 2025
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Creditors: amounts falling due within one year
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Accruals and deferred income
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Transactions with directors
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During the year the company operated a loan acount with its directors. The balances as at the balance sheet date were £596,263 (2024: £1,725,281) owed by the company. These loans are unsecured, interest free and repayable on demand.
During the year, the directors were notified of a correction made in the financial statements of the LLP in which the company is a member. Profit on the disposal of investments that had been recorded by the LLP within the 2025 financial period has been determined to relate to the prior year.
As a result of this correction, the company’s share of profit from the LLP has been revised to reflect the transaction in the appropriate period.
A prior year adjustment has therefore been made to reallocate £1,499,870 of the company’s share of LLP profit to the 2024 financial year, with a corresponding adjustment to the brought forward investment balance. The adjustment also gives rise to a prior year corporation tax charge of £412,303, resulting in a net prior year adjustment of £1,087,567, as reflected in the statement of changes in equity.
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Related party transactions
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During the year the company operated loans accounts with related companies. The balances owed to the company as at the balance sheet date are shown below:
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Cannon Bridge Angels Limited
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These loans are unsecured, interest free and repayable on demand.
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9
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Notes to the financial statements
Year ended 31 March 2025
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First time adoption of FRS 102
These financial statements are the first financial statements of the company prepared in accordance with FRS 102. The company previously prepared its financial statements in accordance with FRS 105 The Financial Reporting Standard applicable to the micro-entities regime.
The accounting policies adopted under FRS 102 are not materially different from those applied under the previous accounting framework and, as a result, the transition to FRS 102 has had no material impact on the company’s equity or profit or loss.
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10
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