IRIS Accounts Production v25.4.0.155 OC320806 designated member 6.4.24 5.4.25 5.4.25 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the medium-sized LLPs regime. iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC320806 2024-04-05 OC320806 2025-04-05 OC320806 2024-04-06 2025-04-05 OC320806 2023-04-05 OC320806 2023-04-06 2024-04-05 OC320806 2024-04-05 OC320806 ns15:EnglandWales 2024-04-06 2025-04-05 OC320806 ns14:PoundSterling 2024-04-06 2025-04-05 OC320806 ns10:PartnerLLP1 2024-04-06 2025-04-05 OC320806 ns10:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 OC320806 ns10:MediumEntities 2024-04-06 2025-04-05 OC320806 ns10:Audited 2024-04-06 2025-04-05 OC320806 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-06 2025-04-05 OC320806 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-06 2025-04-05 OC320806 ns10:LimitedLiabilityPartnershipsSORP 2024-04-06 2025-04-05 OC320806 ns10:FullAccounts 2024-04-06 2025-04-05 OC320806 ns10:PartnerLLP2 2024-04-06 2025-04-05 OC320806 ns10:RegisteredOffice 2024-04-06 2025-04-05 OC320806 ns5:CurrentFinancialInstruments 2025-04-05 OC320806 ns5:CurrentFinancialInstruments 2024-04-05 OC320806 ns5:Non-currentFinancialInstruments 2025-04-05 OC320806 ns5:Non-currentFinancialInstruments 2024-04-05 OC320806 1 2024-04-06 2025-04-05 OC320806 ns5:ReportableOperatingSegment1 2024-04-06 2025-04-05 OC320806 ns5:ReportableOperatingSegment1 2023-04-06 2024-04-05 OC320806 ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount 2024-04-06 2025-04-05 OC320806 ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount 2023-04-06 2024-04-05 OC320806 ns15:UnitedKingdom 2024-04-06 2025-04-05 OC320806 ns15:UnitedKingdom 2023-04-06 2024-04-05 OC320806 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2024-04-06 2025-04-05 OC320806 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2023-04-06 2024-04-05 OC320806 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-04-06 2025-04-05 OC320806 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-04-06 2024-04-05 OC320806 ns5:OwnedAssets 2024-04-06 2025-04-05 OC320806 ns5:OwnedAssets 2023-04-06 2024-04-05 OC320806 ns5:LeaseholdImprovements 2024-04-05 OC320806 ns5:FurnitureFittings 2024-04-05 OC320806 ns5:ComputerEquipment 2024-04-05 OC320806 ns5:LeaseholdImprovements 2024-04-06 2025-04-05 OC320806 ns5:FurnitureFittings 2024-04-06 2025-04-05 OC320806 ns5:ComputerEquipment 2024-04-06 2025-04-05 OC320806 ns5:LeaseholdImprovements 2025-04-05 OC320806 ns5:FurnitureFittings 2025-04-05 OC320806 ns5:ComputerEquipment 2025-04-05 OC320806 ns5:LeaseholdImprovements 2024-04-05 OC320806 ns5:FurnitureFittings 2024-04-05 OC320806 ns5:ComputerEquipment 2024-04-05 OC320806 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-05 OC320806 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-05 OC320806 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-04-05 OC320806 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-04-05 OC320806 ns5:WithinOneYear 2025-04-05 OC320806 ns5:WithinOneYear 2024-04-05 OC320806 ns5:BetweenOneFiveYears 2025-04-05 OC320806 ns5:BetweenOneFiveYears 2024-04-05 OC320806 ns5:AllPeriods 2025-04-05 OC320806 ns5:AllPeriods 2024-04-05 OC320806 ns5:Secured 2025-04-05 OC320806 ns5:Secured 2024-04-05

REGISTERED NUMBER: OC320806 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

WESTMINSTER WEALTH MANAGEMENT LLP

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Report of the Independent Auditors | 4 |

| Income Statement | 8 |

| Other Comprehensive Income | 9 |

| Balance Sheet | 10 |

| Reconciliation of Members' Interests | 11 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 16 |

| WESTMINSTER WEALTH MANAGEMENT LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 5 APRIL 2025

| DESIGNATED MEMBERS: | M J LOCKYER

| J CORCORAN

| REGISTERED OFFICE: | 167 FLEET STREET

| LONDON

| EC4A 2EA

| REGISTERED NUMBER: | OC320806 (England and Wales)

| AUDITORS: | GOLDWYNS AUDIT LLP

| STATUTORY AUDITOR

| 1 ROYAL EXCHANGE

| LONDON

| EC3V 3DG

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 5 APRIL 2025

The members present their report with the financial statements of the LLP for the year ended 5 April 2025.

PRINCIPAL ACTIVITIES

The principal activities of the LLP in the year under review were those of financial services.

DESIGNATED MEMBERS

M J Lockyer and J Corcoran were designated members of the LLP throughout the year.

OTHER MEMBERS

The following are the non designated members

J A ANDERSON

J H PERKINS

M A J HAYWARD

J P L PEARSON

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £744,527 (2024 - £609,716 profit).

MEMBERS' INTERESTS

The members' drawing policy allows each member to draw a proportion of his profit share entitlement, subject to the cash requirements of the business.

A member's Capital Requirement is linked to his profit share and the financing requirement of the LLP. There is no opportunity for appreciation of the capital subscribed: just as incoming members introduce their capital at "par", so retiring members are repaid their capital at "par".

MEMBERS' DRAWINGS

The overall policy for members' drawings is to distribute a proportion of the profit during the financial year, taking into account the need to maintain sufficient funds to finance the working capital and other needs of the business. The members set the level of monthly drawings.

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members 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 LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members 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 LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 5 APRIL 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, GOLDWYNS AUDIT LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE MEMBERS:

M J LOCKYER - Designated member

4 December 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WESTMINSTER WEALTH MANAGEMENT LLP

Opinion

We have audited the financial statements of Westminster Wealth Management LLP (the 'LLP') for the year ended 5 April 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests, Cash Flow Statement and Notes to the 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 LLP's affairs as at 5 April 2025 and of its 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 LLP 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 members' 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 LLP'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 members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information in the Report of the Members, 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.

Matters on which we are required to report by exception

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

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

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WESTMINSTER WEALTH MANAGEMENT LLP

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page two, the members 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 members 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 members are responsible for assessing the LLP'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 members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WESTMINSTER WEALTH MANAGEMENT LLP

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations.

The objectives of our audit with regards to fraud are to identify and assess the risks of material misstatement of the financial statements due to fraud; design and perform procedures that respond appropriately to identified or suspected fraud; and obtain audit evidence regarding the risks of material misstatement of the financial statements due to fraud.

However, the primary responsibility for the prevention and detection of fraud rests with management and those charged with governance.

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

- obtain an understanding of the nature of the industry, the performance of the business, and of the design of the entity's policies for the remuneration of the management;

- consider the internal control environment to mitigate the risk of fraud or non-compliance with laws and regulations;

- identify laws and regulations applicable to the Limited Liability Partnership through discussions with management and from our commercial knowledge and sector experience, and assess the extent of compliance with laws and regulations from making enquiries of management;

- obtain an understanding of the legal and regulatory framework within which the Limited Liability Partnership operates focusing on the most significant laws and regulations that have a direct impact on the financial statements and the operations of the entity including FRS 102, the Companies Act 2006 as applied to LLPs by the Limited Liability partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and tax compliance regulations;

- communication of identified laws and regulations to our audit team and remain alert to any indications of non-compliance throughout the audit; and

- ensure that the audit engagement team have the capability, competence and skill to identify non-compliance with laws and regulations.

To address the risk of non-compliance with laws and regulations, including fraud we performed the following audit procedures:

- analytical procedures to identify unusual patterns or inconsistencies, and potential indicators of fraud or non-compliance;

- testing of journal entries to identify unusual transactions and investigating the rationale behind unusual transactions;

- assessing whether judgements and assumptions made in determining accounting estimates are indicative of bias;

- reviewing the disclosures in the financial statements and agreeing to supporting documentation; and

- enquiries with management and reviewing the minutes of meetings with management and those charged with governance.

Taking into consideration the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The more removed that laws and regulations are from transactions reflected in the financial statements, the less likely we would become aware of non-compliance. Also, auditing standards limit the procedures required to identify non-compliance with laws and regulations to the inspection of regulatory and legal correspondence, if any, and enquiry of management. This risk is higher in respect of irregularities arising from fraud, as such practices may involve deliberate concealment, collusion, forgery, or intentional misrepresentations.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

WESTMINSTER WEALTH MANAGEMENT LLP

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP'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 LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

MARTIN MYERS FCA (Senior Statutory Auditor)

for and on behalf of GOLDWYNS AUDIT LLP

STATUTORY AUDITOR

1 ROYAL EXCHANGE

LONDON

EC3V 3DG

4 December 2025

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

INCOME STATEMENT

FOR THE YEAR ENDED 5 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 18,463,790 |  | 15,875,179 |  |

Cost of sales | 11,514,341 |  | 9,536,909 |  |

GROSS PROFIT | 6,949,449 |  | 6,338,270 |  |

Administrative expenses | 6,195,422 |  | 5,706,215 |  |

754,027 |  | 632,055 |  |

Other operating income | 7,279 |  | - |  |

OPERATING PROFIT | 5 | 761,306 |  | 632,055 |  |

Interest receivable and similar income | 2,566 |  | 1,170 |  |

763,872 |  | 633,225 |  |

Interest payable and similar expenses | 7 | 19,345 |  | 23,509 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 744,527 |  | 609,716 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 744,527 |  | 609,716 |  |

Members' remuneration charged as an expense | 8 | (744,527 | ) | (609,716 | ) |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 5 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - |  | - |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

BALANCE SHEET

5 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 126,382 |  | 207,404 |  |

CURRENT ASSETS

Debtors | 10 | 2,638,811 |  | 2,670,010 |  |

Cash at bank | 1,021,523 |  | 594,408 |  |

3,660,334 |  | 3,264,418 |  |

CREDITORS

Amounts falling due within one year | 11 | 2,730,690 |  | 2,507,441 |  |

NET CURRENT ASSETS | 929,644 |  | 756,977 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,056,026 |  | 964,381 |  |

CREDITORS

Amounts falling due after more than one year | 12 | - |  | 32,407 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,056,026 |  | 931,974 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 16 | 691,001 |  | 701,574 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 365,025 |  | 230,400 |  |

1,056,026 |  | 931,974 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 16 | 691,001 |  | 701,574 |  |

Members' other interests | 365,025 |  | 230,400 |  |

1,056,026 |  | 931,974 |  |

The financial statements were approved and authorised for issue by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

M J LOCKYER - Designated member

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 5 APRIL 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 6 April 2024 | 230,400 |  | - |  | 230,400 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 230,400 |  | - |  | 230,400 |  |

Introduced by members | 134,625 |  | - |  | 134,625 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 5 April 2025 | 365,025 |  | - |  | 365,025 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 701,574 |  |

Amount due from members | - |  |

Balance at 6 April 2024 | 701,574 |  | 931,974 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 744,527 |  | 744,527 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 1,446,101 |  | 1,676,501 |  |

Introduced by members | - |  | 134,625 |  |

Drawings on account and distributions of profit | (755,100 | ) | (755,100 | ) |

Amount due to members | 691,001 |  |

Amount due from members | - |  |

Balance at 5 April 2025 | 691,001 |  | 1,056,026 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 5 APRIL 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 6 April 2023 | - |  | - |  | - |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | - |  | - |  | - |  |

Introduced by members | 230,400 |  | - |  | 230,400 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 5 April 2024 | 230,400 |  | - |  | 230,400 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 795,685 |  |

Amount due from members | - |  |

Balance at 6 April 2023 | 795,685 |  | 795,685 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 609,716 |  | 609,716 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 1,405,401 |  | 1,405,401 |  |

Introduced by members | - |  | 230,400 |  |

Drawings on account and distributions of profit | (703,827 | ) | (703,827 | ) |

Amount due to members | 701,574 |  |

Amount due from members | - |  |

Balance at 5 April 2024 | 701,574 |  | 931,974 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 5 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 2 | 1,174,375 |  | 469,345 |  |

Interest paid | (19,345 | ) | (23,509 | ) |

Net cash from operating activities | 1,155,030 |  | 445,836 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (54,451 | ) | (181,058 | ) |

Interest received | 2,566 |  | 1,170 |  |

Net cash from investing activities | (51,885 | ) | (179,888 | ) |

Transactions with members and former | members |

Payments to members | (755,100 | ) | (703,827 | ) |

Contributions by members | 134,625 |  | 230,400 |  |

(620,475 | ) | (473,427 | ) |

Cash flows from other financing activities

Loan repayments in year | (15,555 | ) | (55,556 | ) |

Loan repayments in year | (40,000 | ) | - |  |

(55,555 | ) | (55,556 | ) |

Net cash from financing activities | (676,030 | ) | (528,983 | ) |

Increase/(decrease) in cash and cash equivalents | 427,115 |  | (263,035 | ) |

Cash and cash equivalents at beginning of year | 3 | 594,408 |  | 857,443 |  |

Cash and cash equivalents at end of year | 3 | 1,021,523 |  | 594,408 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 5 APRIL 2025

1. | CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT

| Drawings and distributions of profits are included in the operating cash flows.

2. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit for the financial year available for discretionary division among members | - |  | - |  |

| Members' remuneration charged as an expense | 744,527 |  | 609,716 |  |

| Depreciation charges | 135,472 |  | 168,856 |  |

| Finance costs | 19,345 |  | 23,509 |  |

| Finance income | (2,566 | ) | (1,170 | ) |

896,778 |  | 800,911 |  |

| Decrease/(increase) in trade and other debtors | 31,199 |  | (652,839 | ) |

| Increase in trade and other creditors | 246,398 |  | 321,273 |  |

| Cash generated from operations | 1,174,375 |  | 469,345 |  |

3. | 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 5 April 2025

| 5.4.25 |  | 6.4.24

£ | £ |

| Cash and cash equivalents | 1,021,523 |  | 594,408 |  |

| Year ended 5 April 2024

| 5.4.24 |  | 6.4.23

£ | £ |

| Cash and cash equivalents | 594,408 |  | 857,443 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 5 APRIL 2025

4. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

| Other |

| non-cash |

| At 6.4.24 | Cash flow | changes | At 5.4.25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 594,408 |  | 427,115 |  | 1,021,523 |  |

594,408 |  | 427,115 |  | 1,021,523 |  |

| Debt

| Debts falling due

| within 1 year | (55,556 | ) | 23,149 |  | - |  | (32,407 | ) |

| Debts falling due

| after 1 year | (32,407 | ) | 32,407 |  | - |  | - |  |

(87,963 | ) | 55,556 |  | - |  | (32,407 | ) |

| Net funds (before

| members' debt) | 506,445 |  | 482,671 |  | - |  | 989,116 |  |

| Loans and other debts

| due to members

| Other amounts

| due to members | (701,574 | ) | 755,100 |  | (744,527 | ) | (691,001 | ) |

| Net (debt)/funds | (195,129 | ) | 1,237,771 |  | (744,527 | ) | 298,115 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

1. | STATUTORY INFORMATION

| Westminster Wealth Management LLP is registered in England and Wales. The LLP'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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Going concern

| At the time of approving the financial statements, the partners have a reasonable expectation that the partnership has adequate resources to continue in operation existence for the foreseeable future. Thus, the partners continue to adopt the going concern basis of accounting in preparing the financial statements.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other 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 sources of estimation uncertainty

| The members do not believe that there are any estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

| Turnover

| Turnover represents fee and commission income. Turnover is recognised when the income is receivable, based on delivery of services.

| Tangible fixed assets

| Property, Plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Improvements to property - over the remaining period of the lease

| Fixtures and fittings - 33% on cost

| Computer equipment - 50% on cost

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

| Debtors and creditors receivable/ payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Provisions

| Provisions are recognised when the LLP has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. | TURNOVER

| The turnover and profit for the financial year before members' remuneration and profit shares are attributable to the principal activities of the LLP.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Financial services | 18,463,790 |  | 15,875,179 |  |

18,463,790 |  | 15,875,179 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 18,463,790 |  | 15,875,179 |  |

18,463,790 |  | 15,875,179 |  |

4. | EMPLOYEE INFORMATION

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,640,413 |  | 2,511,215 |  |

| Social security costs | 281,954 |  | 266,049 |  |

| Other pension costs | 254,307 |  | 249,602 |  |

3,176,674 |  | 3,026,866 |  |

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

| 2025 |  | 2024

| Finance and compliance support staff | 63 |  | 64 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 40,238 |  | 29,142 |  |

| Other operating leases | 233,938 |  | 343,683 |  |

| Depreciation - owned assets | 135,473 |  | 168,856 |  |

6. | AUDITORS' REMUNERATION

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Fees payable to the partnership's auditor: |  |

| For audit services |  |

| Audit of the financial statements of the partnership |  | 19,500 |  | 20,000 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 19,345 |  | 23,509 |  |

8. | INFORMATION IN RELATION TO MEMBERS

| 2025 |  | 2024

£ | £ |

| Members' remuneration charged as an expense |

| Profit Share | 127,890 |  | 126,000 |  |

| Automatic division of profit | 616,637 |  | 483,716 |  |

| Total remuneration | 744,527 |  | 609,716 |  |

| 2025 |  | 2024

£ | £ |

| The amount of profit attributable to the member with the largest entitlement was | 514,892 |  | 403,904 |  |

| 2025 |  | 2024

| The average number of members during the year was | 6 |  | 6 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

9. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Computer |

| property |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 6 April 2024 | 188,991 |  | 137,889 |  | 566,326 |  | 893,206 |  |

| Additions | - |  | - |  | 54,451 |  | 54,451 |  |

| Disposals | (81,520 | ) | - |  | (385,268 | ) | (466,788 | ) |

| At 5 April 2025 | 107,471 |  | 137,889 |  | 235,509 |  | 480,869 |  |

| DEPRECIATION

| At 6 April 2024 | 164,121 |  | 116,044 |  | 405,637 |  | 685,802 |  |

| Charge for year | 24,869 |  | 21,815 |  | 88,789 |  | 135,473 |  |

| Eliminated on disposal | (81,520 | ) | - |  | (385,268 | ) | (466,788 | ) |

| At 5 April 2025 | 107,470 |  | 137,859 |  | 109,158 |  | 354,487 |  |

| NET BOOK VALUE

| At 5 April 2025 | 1 |  | 30 |  | 126,351 |  | 126,382 |  |

| At 5 April 2024 | 24,870 |  | 21,845 |  | 160,689 |  | 207,404 |  |

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 291,637 |  | 213,753 |  |

| Prepayments and accrued income | 2,347,174 |  | 2,456,257 |  |

2,638,811 |  | 2,670,010 |  |

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 13) | 32,407 |  | 55,556 |  |

| Trade creditors | 174,775 |  | 241,527 |  |

| Social security and other taxes | 110,728 |  | 111,943 |  |

| VAT | 1,129 |  | 4,182 |  |

| Other creditors | 5,735 |  | 7,898 |  |

| Accrued expenses | 2,405,916 |  | 2,086,335 |  |

2,730,690 |  | 2,507,441 |  |

12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 13) | - |  | 32,407 |  |

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

13. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans - less than 1 yr | 32,407 |  | 55,556 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 32,407 |  |

14. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 630,000 |  | 630,000 |  |

| Between one and five years | 299,000 |  | 791,000 |  |

929,000 |  | 1,421,000 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 32,407 |  | 87,963 |  |

| The bank loan is secured by way of a fixed and floating charge over the assets of the partnership and with a guarantee from the UK Government under the Enterprise Finance Guarantee scheme.

16. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 691,001 |  | 701,574 |  |

| Falling due within one year | 691,001 |  | 701,574 |  |

| Loans and other debts due to members in excess of the fixed capital ranks equally with other creditors in the case of a winding up.

17. | PENSION COMMITMENTS

| The company contributes to a defined contribution scheme which is an independently administered fund. The fund assets are held separately from those of the company. The contributions paid during the year totalled £Nil.

18. | RELATED PARTY DISCLOSURES

| During the year, the LLP received services from connected companies amounting to £2,030,302. At the year end, the LLP owed £247,905 to the connected companies.

WESTMINSTER WEALTH MANAGEMENT LLP (REGISTERED NUMBER: OC320806) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5 APRIL 2025

19. | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

| The LLP's financial risk management policies are designed to safeguard its financial position and mitigate the risks associated with price, credit, liquidity, and cash flow exposures.

| Exposure to Price Risk

| The LLP has minimal exposure to price risk.

| Exposure to Credit Risk

| Credit risk arises from cash and trade receivables. The LLP mitigates this risk by working with reputable financial institutions and conducting regular assessments of counterparties' credit quality.No significant provision for bad debts has been recognised, as historical data indicates minimal risk of default.

| Exposure to Liquidity Risk

| Liquidity risk is managed by maintaining sufficient cash reserves and ensuring access to adequate funding facilities. Regular cash flow forecasts are prepared to ensure the LLP can meet its financial obligations as they fall due, even under challenging conditions.

| Exposure to Cash Flow Risk

| The LLP's exposure to cash flow risk arises primarily from fluctuations in operational income and expenditure. This risk is mitigated through proactive financial planning, including regular cash flow monitoring and maintaining a buffer of liquid assets to support operational needs.