Company Registration No. 10613336 (England and Wales)
WISE GROUP HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2025
30 April 2025
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
WISE GROUP HOLDINGS LIMITED
COMPANY INFORMATION
Directors
L Whittaker
A Keenan
A Whittaker
A Whittaker
Company number
10613336
Registered office
The Rocket Centre
3 Trident Way
Trident Park
Blackburn
Lancashire
BB1 3NU
Auditor
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
WISE GROUP HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Group statement of income and retained earnings
9
Group balance sheet
10
Company balance sheet
11
Group statement of cash flows
12
Notes to the financial statements
13 - 29
WISE GROUP HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the strategic report for the year ended 30 April 2025.

Review of the business

The primary activity of Wise Group Holdings is providing Extended Motor Warranty Plans across the UK, covering repair costs once a vehicle’s manufacturer warranty expires. Our products cater to a broad spectrum of drivers and vehicles, from cars and motorcycles to motorhomes and caravans.

Wise Group Holdings continue to pursue growth across all divisions of our business activities. We are dedicated to becoming the UK's first choice warranty provider, delivering reliable services to support worry-free car ownership. With data-driven decisions, efficient systems, and exceptional talent, we strive to be the top choice for our trade partners and consumers, helping them drive with confidence. Underpinned by our 3-year strategy roadmap, ‘Powered for the Future’, we are focused on strategic and financial objectives which include:

- Expanding and improving our direct-to-consumer offering.

- Increasing penetration across the UK used car sector, including dealers and car supermarkets.

- Expanding our partnerships with strategic affinity partners within the motor sector.

- Prioritising good customer outcomes, aligning with the principles of Consumer Duty.

All customers benefit from the support of our experienced and dedicated teams, who work to ensure a seamless sales and repairs process.

The group also continues to grow its other activities in performance and prestige motor sales, farming, and property investment and lettings.

Principal risks and uncertainties

In executing our growth strategy, Wise Group Holdings faces several risks that could impact our performance and long-term objectives. We address these risks through prudent management and by adapting to evolving market conditions.

Credit Risk

This arises from potential defaults by partners and customers on financial obligations. We mitigate credit risk through careful assessment of customer and partner creditworthiness and through continuous monitoring.

Liquidity Risk

We face potential challenges in meeting financial obligations due to cash flow variability. To manage this risk, we maintain a conservative approach to liquidity, ensuring we have sufficient reserves and access to funding as needed.

Market Risk

The extended warranty industry is influenced by factors such as vehicle ownership trends, technological advancements, and competitive pressures. We manage market risk by actively monitoring these trends, adapting our product offerings, and pricing to maintain our competitive edge.

Economic and Regulatory Risk

Economic conditions, particularly inflation and interest rates, can affect consumer purchasing power, impacting demand for our warranties. Additionally, regulatory changes may affect how we conduct business. We mitigate this risk by monitoring economic indicators and ensuring compliance with all relevant regulations.

Operational Risk

Operational risk arises from potential disruptions to business operations, including IT infrastructure, supply chain issues, and workforce challenges. We address this risk through regular technology upgrades, stringent operational protocols, and a focus on employee training and retention.

WISE GROUP HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Business performance

In 2024/25, Wise Group Holdings delivered outstanding performance, with revenue increasing by 35% year-on-year to £27.6m and profit growing by 87% to £2.8m. This exceptional growth reflects the strategic investments made in previous years across operations, marketing and data, underpinned by a clear go-to-market strategy.

Despite flat growth in the B2B sector, our affinity partnerships continue to thrive as consumer trends towards keeping and protecting vehicles for longer periods remain strong. We have capitalised on this opportunity through targeted investment in marketing and data strategy within a highly competitive market, enabling us to better understand customer behaviour and optimise our customer acquisition and retention programmes.

Operational efficiency has been a key driver of our success, with this significant growth achieved through minimal headcount increases from 144 to 149 employees. This demonstrates the effectiveness of our investments in data, technology and process improvement.

We remain committed to our people strategy and team development, delivering exceptional customer service whilst maintaining cost discipline. Our continued focus on innovation, outstanding customer satisfaction and operational efficiency ensures we are well-positioned to meet evolving customer and market expectations.

Key performance indicators
The directors use the following key financial performance measures to monitor performance:
2025
2024
Turnover
£27,465,775
£20,342,095
Profit before taxation
£2,538,513
£1,506,275
In Summary

2024/25 was an exceptional year marked by strong growth, a clear go-to-market strategy and commitment to outstanding customer service. Our affinity partnerships thrived as consumers retained vehicles for longer, with operational efficiency enabling growth with minimal increase in headcount. By closely monitoring and adapting to market changes, Wise Group Holdings is well-positioned for continued success. The directors are confident that through developing existing products, launching an enhanced product range, nurturing partner relations and investing in our people, the Group will continue to grow.

On behalf of the board

L Whittaker
Director
3 December 2025
WISE GROUP HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company is that of a holding company.

The companies in the group are engaged in the provision of warranty plans for motor vehicles, the sale of used classic and prestige motor vehicles and farming.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £2,084,444. The directors do not recommend payment of a dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

L Whittaker
A Keenan
A Whittaker
A Whittaker
Auditor

The auditor, PM+M Solutions for Business LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

- 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 and company will continue in business.

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

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

WISE GROUP HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
L Whittaker
Director
3 December 2025
WISE GROUP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WISE GROUP HOLDINGS LIMITED
- 5 -
Opinion

We have audited the financial statements of Wise Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the group statement of income and retained earnings, the group balance sheet, the company balance sheet, the group statement of cash flows and 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 FRS 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 the parent company's affairs as at 30 April 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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 auditor's 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

WISE GROUP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WISE GROUP HOLDINGS LIMITED
- 6 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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' r esponsibilities s tatement, 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 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 parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 auditor's 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 financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud

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.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

WISE GROUP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WISE GROUP HOLDINGS LIMITED
- 7 -

Identifying and assessing potential risks related to irregularities

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 including the design of the Group's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- the matters discussed among the audit engagement team including significant component audit teams and involving relevant specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

- a ny 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 risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals and complex transactions; and manipulating the Group's performance profit measures and other key performance indicators to meet remuneration targets and externally communicated targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

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 UK Companies Act, employment law, health and safety regulations, pensions legislation and tax legislation.

Audit response to risks identified

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 and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

- in addressing the identified risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting 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.

Owing to 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. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

WISE GROUP HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WISE GROUP HOLDINGS LIMITED
- 8 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's 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 auditor's 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.

Christopher Johnson FCA (Senior Statutory Auditor)
For and on behalf of PM+M Solutions for Business LLP
3 December 2025
Chartered Accountants
Statutory Auditor
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
WISE GROUP HOLDINGS LIMITED
GROUP STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
27,465,775
20,342,095
Cost of sales
(18,860,869)
(13,770,367)
Gross profit
8,604,906
6,571,728
Administrative expenses
(6,069,040)
(4,969,631)
Other operating income
41,424
-
0
Operating profit
4
2,577,290
1,602,097
Interest receivable and similar income
7
96,221
42,353
Interest payable and similar expenses
8
(130,238)
(138,175)
Amounts written off investments
9
(4,760)
-
0
Profit before taxation
2,538,513
1,506,275
Tax on profit
10
(768,390)
(476,612)
Profit for the financial year
1,770,123
1,029,663
Retained earnings brought forward
1,944,160
2,851,027
Dividends
(2,084,444)
(1,936,530)
Retained earnings carried forward
1,629,839
1,944,160
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
WISE GROUP HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
12
600,000
900,000
Other intangible assets
12
76,956
75,264
Total intangible assets
676,956
975,264
Tangible assets
13
6,659,706
6,057,684
Investment property
14
1,718,449
690,891
9,055,111
7,723,839
Current assets
Stocks
17
4,555,303
1,967,864
Debtors
18
9,709,778
7,562,244
Investments
19
170,240
-
0
Cash at bank and in hand
4,545,550
4,952,325
18,980,871
14,482,433
Creditors: amounts falling due within one year
20
(17,599,534)
(12,793,530)
Net current assets
1,381,337
1,688,903
Total assets less current liabilities
10,436,448
9,412,742
Creditors: amounts falling due after more than one year
21
(8,522,689)
(7,194,496)
Provisions for liabilities
Deferred tax liability
24
283,820
273,986
(283,820)
(273,986)
Net assets
1,629,939
1,944,260
Capital and reserves
Called up share capital
26
100
100
Profit and loss reserves
1,629,839
1,944,160
Total equity
1,629,939
1,944,260

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 3 December 2025 and are signed on its behalf by:
03 December 2025
L Whittaker
Director
Company registration number 10613336 (England and Wales)
WISE GROUP HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
1,312
-
0
Investment property
14
1,111,834
690,891
Investments
15
403
403
1,113,549
691,294
Current assets
Debtors
18
283
89,147
Cash at bank and in hand
324,378
152,139
324,661
241,286
Creditors: amounts falling due within one year
20
(1,279,471)
(761,991)
Net current liabilities
(954,810)
(520,705)
Net assets
158,739
170,589
Capital and reserves
Called up share capital
26
100
100
Profit and loss reserves
158,639
170,489
Total equity
158,739
170,589

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £2,072,594 (2024: £1,929,161 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 3 December 2025 and are signed on its behalf by:
03 December 2025
L Whittaker
Director
Company registration number 10613336 (England and Wales)
WISE GROUP HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
31
4,787,679
6,000,547
Interest paid
(130,238)
(138,175)
Income taxes paid
(791,041)
(573,960)
Net cash inflow from operating activities
3,866,400
5,288,412
Investing activities
Purchase of intangible assets
(1,692)
(21,101)
Purchase of tangible fixed assets
(1,013,420)
(617,958)
Proceeds from disposal of tangible fixed assets
63,399
64,725
Purchase of investment property
(1,027,559)
(383,311)
Purchase of investments
(175,000)
-
Repayment of loans
29,244
39,545
Interest received
96,221
42,353
Net cash used in investing activities
(2,028,807)
(875,747)
Financing activities
Repayment of bank loans
(92,808)
(88,879)
Dividends paid to equity shareholders
(2,084,444)
(1,936,530)
Net cash used in financing activities
(2,177,252)
(2,025,409)
Net (decrease)/increase in cash and cash equivalents
(339,659)
2,387,256
Cash and cash equivalents at beginning of year
4,885,209
2,497,953
Cash and cash equivalents at end of year
4,545,550
4,885,209
Relating to:
Cash at bank and in hand
4,545,550
4,952,325
Bank overdrafts included in creditors payable within one year
-
(67,116)
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
1
Accounting policies
Company information

Wise Group Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is The Rocket Centre, 3 Trident Way, Trident Park, Blackburn, Lancashire, BB1 3NU.

The group consists of Wise Group Holdings Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Basis of consolidation

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 14 -

The consolidated financial statements incorporate those of Wise Group Holdings Limited and all of its subsidiaries (ie entities that the g roup controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

All financial statements are made up to 30 April 2025.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group and the company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the provision of vehicle and electrical appliance warranties and associated administrative services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 15 -

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:

Freehold land and buildings
4% straight line
Leasehold improvements
4% straight line
Plant and equipment
10% straight line
Fixtures and fittings
25% straight line
Computers
33.3% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.9
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements and investments in subsidiaries ar e initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 16 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 17 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 18 -
1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no key estimates included in the financial statements but other estimations included within the financial statements are described below.

Management charge depreciation on fixed assets based on the expected useful life.

Management charge amortisation on goodwill of trade purchased.

Management recognise accruals based on expected costs to be incurred.

Management calculate an amount for deferred income to recognise income in line with recognition of costs.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Warranty sales
23,416,162
18,870,535
Inspection services
-
1,137
Vehicle sales
3,816,214
1,288,463
Farming
210,598
181,960
Other income
22,801
-
27,465,775
20,342,095
2025
2024
£
£
Other revenue
Interest income
96,221
42,353
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
3
Turnover and other revenue
(Continued)
- 19 -

The whole of the turnover is attributable to the principal activit ies of the respective companies wholly undertaken in the United Kingdom.

4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Fees payable to the group's auditor for the audit of the group's financial statements
5,300
5,250
Depreciation of owned tangible fixed assets
381,430
312,752
Profit on disposal of tangible fixed assets
(33,431)
(21,099)
Amortisation of intangible assets
300,000
300,000
Operating lease charges
182,497
182,499
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Sales
65
67
-
-
Administration
71
69
4
4
Other
13
8
-
-
Total
149
144
4
4

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
5,996,035
4,933,557
10,000
10,000
Social security costs
638,762
500,209
-
0
-
0
Pension costs
157,248
85,359
-
0
-
0
6,792,045
5,519,125
10,000
10,000
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
30,000
30,000
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 20 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
83,119
42,353
Other interest income
13,102
-
Total income
96,221
42,353
8
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
130,238
137,566
Other interest
-
609
Total finance costs
130,238
138,175
9
Amounts written off investments
2025
2024
£
£
Fair value gains/(losses) on financial instruments
Loss on financial assets held at fair value through profit or loss
(4,760)
-
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
757,252
444,056
Adjustments in respect of prior periods
-
0
2,302
Total current tax
757,252
446,358
Deferred tax
Origination and reversal of timing differences
11,138
30,254
Total tax charge
768,390
476,612
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
10
Taxation
(Continued)
- 21 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,538,513
1,506,275
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
634,628
376,569
Tax effect of expenses that are not deductible in determining taxable profit
56,977
24,700
Tax effect of income not taxable in determining taxable profit
-
0
(3,728)
Adjustments in respect of prior years
-
0
2,302
Differing rates of tax in subsidiary
(340)
-
0
Fixed asset timing differences
77,125
76,769
Taxation charge
768,390
476,612
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
2,084,444
1,936,530
12
Intangible fixed assets
Group
Goodwill
Cherished number plates
Total
£
£
£
Cost
At 1 May 2024
3,000,000
75,264
3,075,264
Additions - separately acquired
-
0
1,692
1,692
At 30 April 2025
3,000,000
76,956
3,076,956
Amortisation and impairment
At 1 May 2024
2,100,000
-
0
2,100,000
Amortisation charged for the year
300,000
-
0
300,000
At 30 April 2025
2,400,000
-
0
2,400,000
Carrying amount
At 30 April 2025
600,000
76,956
676,956
At 30 April 2024
900,000
75,264
975,264
The company had no intangible fixed assets at 30 April 2025 or 30 April 2024.
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
12
Intangible fixed assets
(Continued)
- 22 -

On 1 May 2017, Warrantywise Limited acquired the trade and assets of the warranty business previously trading in an unincorporated partnership. The goodwill arising on the purchase amounted to £3,000,000.

13
Tangible fixed assets
Group
Freehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 May 2024
4,385,259
973,955
309,990
361,664
227,070
664,882
6,922,820
Additions
439,411
-
0
16,791
74,210
52,656
430,352
1,013,420
Disposals
-
0
-
0
-
0
-
0
-
0
(75,883)
(75,883)
At 30 April 2025
4,824,670
973,955
326,781
435,874
279,726
1,019,351
7,860,357
Depreciation and impairment
At 1 May 2024
-
0
147,426
52,030
271,275
161,362
233,043
865,136
Depreciation charged in the year
-
0
39,633
31,946
54,636
49,542
205,673
381,430
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
-
0
(45,915)
(45,915)
At 30 April 2025
-
0
187,059
83,976
325,911
210,904
392,801
1,200,651
Carrying amount
At 30 April 2025
4,824,670
786,896
242,805
109,963
68,822
626,550
6,659,706
At 30 April 2024
4,385,259
826,529
257,960
90,389
65,708
431,839
6,057,684
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
13
Tangible fixed assets
(Continued)
- 23 -
Company
Fixtures and fittings
£
Cost
At 1 May 2024
-
0
Additions
1,749
At 30 April 2025
1,749
Depreciation and impairment
At 1 May 2024
-
0
Depreciation charged in the year
437
At 30 April 2025
437
Carrying amount
At 30 April 2025
1,312
14
Investment property
Group
Company
2025
2025
£
£
Fair value
At 1 May 2024
690,890
690,890
Additions through external acquisition
1,027,559
420,944
At 30 April 2025
1,718,449
1,111,834

Investment property comprises of residential properties held for development. The fair value of the investment property as at 30 April 2025 has been assessed by the Company directors and remains at the purchase price.

The valuation was made on an open market value basis by reference to market evidence of property transaction prices.

15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
403
403
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
15
Fixed asset investments
(Continued)
- 24 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 May 2024 and 30 April 2025
403
Carrying amount
At 30 April 2025
403
At 30 April 2024
403
16
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Wise Group Properties Ltd
below
Ordinary
100.00
Warrantywise Limited
below
Ordinary
100.00
Warranty Holdings Limited
below
Ordinary
100.00
Winkley Hall Farm Ltd
below
Ordinary
100.00
Lister Collection Limited
below
Ordinary
100.00
Warrantywise UK Limited
below
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

The Rocket Centre, 3 Trident Way, Trident Park, Blackburn, England, BB1 3NU

Wise Group Properties Ltd (registration number 10139092), Lister C ollection Limited (registration number 11919691) and Winkley Hall Farm L t d (registration number 13925447) are exempt from the requirements of the Act relating to the audit of individual financial statements, by virtue of section 479a of the Companies Act 2006.

17
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
4,555,303
1,967,864
-
0
-
0
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 25 -
18
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
7,116,861
5,042,912
-
0
-
0
Unpaid share capital
100
100
100
100
Corporation tax recoverable
148,046
113,182
-
0
-
0
Other debtors
2,245,194
2,258,746
183
89,025
Prepayments and accrued income
190,222
136,645
-
0
22
9,700,423
7,551,585
283
89,147
Amounts falling due after more than one year:
Deferred tax asset (note 24)
9,355
10,659
-
0
-
0
Total debtors
9,709,778
7,562,244
283
89,147
19
Current asset investments
Group
Company
2025
2024
2025
2024
£
£
£
£
Unlisted investments
170,240
-
-
-
20
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
22
104,691
141,878
-
0
-
0
Trade creditors
956,771
447,565
2,276
-
0
Amounts owed to group undertakings
-
0
-
0
1,040,760
643,792
Corporation tax payable
1,075
-
0
-
0
-
0
Other taxation and social security
1,230,189
1,022,346
-
-
Deferred income
23
14,082,907
10,398,618
-
0
-
0
Other creditors
448,534
460,233
231,435
113,199
Accruals and deferred income
775,367
322,890
5,000
5,000
17,599,534
12,793,530
1,279,471
761,991

There are no specific terms in respect of the amounts owed to group undertakings.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 26 -
21
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
22
1,747,216
1,869,953
-
0
-
0
Deferred income
23
6,775,473
5,324,543
-
0
-
0
8,522,689
7,194,496
-
-
Amounts included above which fall due after five years are as follows:
Payable by instalments
1,393,649
1,540,817
-
-
22
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
1,851,907
1,944,715
-
0
-
0
Bank overdrafts
-
0
67,116
-
0
-
0
1,851,907
2,011,831
-
-
Payable within one year
104,691
141,878
-
0
-
0
Payable after one year
1,747,216
1,869,953
-
0
-
0

The bank loan is secured on the freehold property of a subsidiary company. The loan is repayable by equal monthly instalments over 6 years with a balloon payment at the end. Interest is charged at 1.95% over bank base rate.

23
Deferred income
Group
Company
2025
2024
2025
2024
£
£
£
£
Other deferred income
20,858,380
15,723,161
-
-

Deferred income is included in the financial statements as follows:

Current liabilities
14,082,907
10,398,618
-
0
-
0
Non-current liabilities
6,775,473
5,324,543
-
0
-
0
20,858,380
15,723,161
-
-
WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 27 -
24
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
285,579
275,658
-
10,659
Tax losses
-
-
8,582
-
Short term timing differences
(1,759)
(1,672)
773
-
283,820
273,986
9,355
10,659
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 May 2024
263,327
-
Charge to profit or loss
11,138
-
Liability at 30 April 2025
274,465
-

The deferred tax is to be reversed out over the course of the lifespan of the assets which the capital allowances relate to. This is expected to be between the period of 3 - 10 years.

25
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
157,248
85,359

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund. The amount due to the scheme at the year end totalled £16,794 (2024: £14,248).

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 28 -
26
Share capital
Group and company
2025
2024
Ordinary share capital
£
£
Issued and not fully paid
45 Ordinary A shares of £1 each
45
45
20 Ordinary B shares of £1 each
20
20
20 Ordinary C shares of £1 each
20
20
15 Ordinary D shares of £1 each
15
15
100
100
27
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
182,500
182,500
-
-
Between two and five years
182,500
365,000
-
-
365,000
547,500
-
-
28
Related party transactions

The group purchased services from a partnership that is connected by common control of £140,000 (202 4 - £140,000). A total of £nil (202 4 - £nil) was due to this partnership at the year end.

The group purchased services from a related pension scheme totalling £182,49 7 (2024 - £182,499

Included within other debtors are amounts owed by related party companies amounting to £2,060,787 (2024: £2,071,189).

29
Directors' transactions

During the year, advances were made to directors. These were repaid in the year and the maximum outstanding amount was £2,084,444 (202 4: £1,936,530 ).

Dividends totalling £2,084,444 (2024: £1,936,530) were paid in the year in respect of shares held by the company's directors.

30
Controlling party

The company is controlled by Mr L Whittaker, a director and shareholder.

WISE GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 29 -
31
Cash generated from group operations
2025
2024
£
£
Profit after taxation
1,770,123
1,029,663
Adjustments for:
Taxation charged
768,390
476,612
Finance costs
130,238
138,175
Investment income
(96,221)
(42,353)
Gain on disposal of tangible fixed assets
(33,431)
(21,099)
Amortisation and impairment of intangible assets
300,000
300,000
Depreciation and impairment of tangible fixed assets
381,430
312,752
Other gains and losses
4,760
-
Movements in working capital:
(Increase)/decrease in stocks
(2,587,439)
204,175
Increase in debtors
(2,143,217)
(431,568)
Increase in creditors
1,157,827
324,135
Increase in deferred income
5,135,219
3,710,055
Cash generated from operations
4,787,679
6,000,547
32
Analysis of changes in net funds - group
1 May 2024
Cash flows
30 April 2025
£
£
£
Cash at bank and in hand
4,952,325
(406,775)
4,545,550
Bank overdrafts
(67,116)
67,116
-
0
4,885,209
(339,659)
4,545,550
Borrowings excluding overdrafts
(1,944,715)
92,808
(1,851,907)
2,940,494
(246,851)
2,693,643
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