Company Registration No. 07694501 (England and Wales)
Moore Kingston Smith Financial Advisers Limited
Annual Report and Financial Statements
For the year ended 30 April 2025
Moore Kingston Smith Financial Advisers Limited
Company Information
Directors
G.A.Tyler
D.A.Painter
T.F.J.Stovold
J.W. Staniforth
D. Mitchell
C.L.Roberts
I.R.G. Thomas
Secretary
I. Rixon
Company number
07694501
Registered office
9 Appold Street
London
EC2A 2AP
Auditor
Price Bailey LLP
Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ
Moore Kingston Smith Financial Advisers Limited
Contents
Page
Directors' report
1
Directors' responsibilities statement
2
Independent auditor's report
3 - 7
Profit and loss account
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 19
Moore Kingston Smith Financial Advisers Limited
Directors' Report
For the year ended 30 April 2025
Page 1

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

Principal activities

The principal activity of the company throughout the year was the provision of financial services. Moore Kingston Smith Financial Advisers is an independent and chartered firm of financial planners providing a comprehensive range of advice services to individuals, trustees and businesses to meet their specific circumstances. Our specialisms include wealth management, family protection, business protection and succession planning, mortgages, retirement planning, estate planning, employee benefits and cash flow planning.

Directors

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

G.A.Tyler
D.A.Painter
T.F.J.Stovold
J.W. Staniforth
D. Mitchell
D.J.Taplin ( non executive)
(Resigned 31 July 2024)
C.L.Roberts
I.R.G. Thomas
Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Auditor

The auditor, Price Bailey LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

Each of the Directors in office at the date of approval of this annual report confirms that:

- s o far as each D irector is aware, there is no relevant audit information of which the c ompany’s auditor is unaware, and

- t he D irector has taken taken all the steps that he/she ought to have taken as a director in order to make himself/herself aware of a ny relevant audit information and to establish that the c ompany’s auditor is aware of that information.

On behalf of the board
T.F.J.Stovold
Director
11 December 2025
Moore Kingston Smith Financial Advisers Limited
Directors' Responsibilities Statement
For the year ended 30 April 2025
Page 2

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 company and of the profit or loss of the company 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 company will continue in business.

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

Moore Kingston Smith Financial Advisers Limited
Independent Auditor's Report
to the Members of Moore Kingston Smith Financial Advisers Limited
Page 3
Opinion

We have audited the financial statements of Moore Kingston Smith Financial Advisers Limited (the 'company') for the year ended 30 April 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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 company's affairs as at 30 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.

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 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 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.

Moore Kingston Smith Financial Advisers Limited
Independent Auditor's Report (Continued)
to the Members of Moore Kingston Smith Financial Advisers Limited
Page 4

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the Directors' Report.

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

- adequate accounting records have not been kept, 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

- 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; or

- the directors were not entitled to take advantage of the small companies’ exemptions in preparing the director’s report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement, 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 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 company or to cease

operations, or have no realistic alternative but to do so.

Moore Kingston Smith Financial Advisers Limited
Independent Auditor's Report (Continued)
to the Members of Moore Kingston Smith Financial Advisers Limited
Page 5
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.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Moore Kingston Smith Financial Advisers Limited
Independent Auditor's Report (Continued)
to the Members of Moore Kingston Smith Financial Advisers Limited
Page 6

Explanation as to what extent 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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

- Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Moore Kingston Smith Financial Advisers Limited
Independent Auditor's Report (Continued)
to the Members of Moore Kingston Smith Financial Advisers Limited
Page 7

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.

Shaun Jordan ACA (Senior Statutory Auditor)
for and on behalf of Price Bailey LLP
15 January 2026
Chartered Accountants
Statutory Auditor
Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ
Moore Kingston Smith Financial Advisers Limited
Profit and loss account
For the year ended 30 April 2025
Page 8
2025
2024
Notes
£
£
Turnover
3
4,155,520
3,444,422
Cost of sales
(4,546)
(13,204)
Gross profit
4,150,974
3,431,218
Administrative expenses
(3,694,629)
(3,095,365)
Operating profit
4
456,345
335,853
Interest receivable and similar income
8
50
558,651
Interest payable and similar expenses
7
(207,123)
(223,383)
Amounts written off investments
-
(558,651)
Profit before taxation
249,272
112,470
Tax on profit
10
(143,498)
(130,226)
Profit/(loss) for the financial year
105,774
(17,756)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

Moore Kingston Smith Financial Advisers Limited
Balance Sheet
For the year ended 30 April 2025
Page 9
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
2,817,798
3,067,090
Current assets
Debtors
12
774,282
576,863
Cash at bank and in hand
19,946
26,661
794,228
603,524
Creditors: amounts falling due within one year
13
(1,365,411)
(1,120,787)
Net current liabilities
(571,183)
(517,263)
Total assets less current liabilities
2,246,615
2,549,827
Creditors: amounts falling due after more than one year
14
(1,759,907)
(2,168,893)
Net assets
486,708
380,934
Capital and reserves
Called up share capital
16
120,000
120,000
Profit and loss reserves
366,708
260,934
Total equity
486,708
380,934
The financial statements were approved by the board of directors and authorised for issue on 11 December 2025 and are signed on its behalf by:
T.F.J.Stovold
Director
Company Registration No. 07694501
Moore Kingston Smith Financial Advisers Limited
Statement Of Changes in Equity
For the year ended 30 April 2025
Page 10
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 May 2023
120,000
278,690
398,690
Year ended 30 April 2024:
Loss and total comprehensive income for the year
-
(17,756)
(17,756)
Balance at 30 April 2024
120,000
260,934
380,934
Year ended 30 April 2025:
Profit and total comprehensive income for the year
-
105,774
105,774
Balance at 30 April 2025
120,000
366,708
486,708
Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements
For the year ended 30 April 2025
Page 11
1
Accounting policies
Company information

Moore Kingston Smith Financial Advisers Limited is a company limited by shares domiciled and incorporated in England and Wales. The registered office is 9 Appold Street, London, EC2A 2AP.

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 pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Exemptions for qualifying entities under FRS 102

The company has taken advantage of the following exemptions under the provisions of FRS 102:

(i) The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d) to prepare a statement of cash flows on the basis that the company is a qualifying entity and the company's ultimate parent, Manneken UK Holdco Limited, includes the company's cash flows in its consolidated financial statements;

(ii) The requirements of Section 11 paragraphs 11.39 to 11.48(a) and Section 12 paragraphs 12.26 to 12.29A, regarding disclosures for financial liabilities and assets, as the equivalent disclosures required by FRS 102 are included in the consolidated financial statements of the group in which the entity is consolidated; and

(iii) From disclosing the company key management personnel compensation, as required by paragraph 33.7.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

The turnover s hown in the prof i t a nd l o ss account represents amounts invoiced and commission received during the period, exclusive of Value Added T a x. Fee income is recognised on the completion of the advice giving process and the raising of an invoice. Commissions are recognised when the client has formally signed and agreed to take up the investment advice and wh e re the lnvestment House/lnsuranc e Company has confirmed that the investment has been processed.

Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 12
1.5
Intangible fixed assets - goodwill

lntangible assets are ini t ially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. lntangible assets acquired as part of a business comb ina tion are recorded at the fair value at the acquisition date.

Goodwill arises on business acquisitions and represents the exc ess of the cost of the acquisition over the company's interest in the net am ou nt of t he identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost l ess accumulated amortisation and accumulated impairment losses. lt is amortised o n a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets c a nnot be made, the life is presu m ed not to exceed ten years.

1.6
Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follo ws:

Goodwill
- 15 years straight line

lf there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to refl ect t he new estimates.

1.7
Cash at bank and in hand

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

1.8
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 13
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. 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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
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 company’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 when the company has 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.

1.11
Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 14
2
Judgements and key sources of estimation uncertainty

The preparation of the financial statements requ i res management to make judgements, estimates and assumptions that affect t he a mounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements, estimates and assumptions that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statement s are as follows:

(i) Useful econ o mic life of fixed assets - t he annual amortisation charges are based upon management's assessment of the useful economic lives and residual values of the company's fixed asset s. Th e se are re-assessed a nnually and amended where necess a ry.

(ii) Net present value of long term liabilities - the value of deferred consideration payments due in more than one year have been discounted to net present value at a rate of 7.5%. This is the estimated cost of capital for the company.

3
Turnover

Turnover arises from:

2025
2024
£
£
Rendering of services
4,155,520
3,486,972

The turnover and profit before tax are attributable to the one principal activity of the company, all of which arose in the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
4,700
4,650
Depreciation of owned tangible fixed assets
-
1,888
(Profit)/loss on disposal of tangible fixed assets
-
6,706
Amortisation of goodwill
249,292
249,292
Directors' emoluments
439,996
468,556
Rent
130,000
130,517

The number of directors for whom retirement benefits are accruing under the defined contribution scheme amounted to 3 (202 4 - 3). Pension contributions of £40,886 (202 4: £45,851) were paid in the year and included in directors' emoluments above.

Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 15
5
Employees

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

2025
2024
Number
Number
Administrative staff
26
21
Management staff
3
4
29
25

Employment costs

2025
2024
£
£
Wages and salaries
2,096,438
1,625,113
Social security costs
249,787
184,350
Pension costs
97,409
154,044
2,443,634
1,963,507
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
399,110
405,635
Company pension contributions to defined contribution schemes
40,886
62,921
439,996
468,556
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
181,301
174,644
Company pension contributions to defined contribution schemes
8,804
19,505
Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 16
7
Interest payable and similar expenses
2025
2024
£
£
Other interest paid
90,068
104,499
Other finance costs:
Unwinding of discount on provisions
105,300
118,884
Interest on overdue taxation
11,755
-
0
207,123
223,383
8
Other interest receivable and similar income
2025
2024
£
£
Bank interest received
50
-
0
Income from fixed asset investments
Income from shares in group undertakings
-
0
558,651
50
558,651
9
Pension

During the year the company made pension payments of £97,409 to personal pension plans (20 2 4: £154,044).

Pension payments outstanding at the year end amounted to £nil (20 2 4: £nil).

10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
143,498
130,226
Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
10
Taxation
(Continued)
Page 17

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
249,272
112,470
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
62,318
28,118
Depreciation on assets not qualifying for tax allowances
-
0
472
Amortisation on assets not qualifying for tax allowances
62,323
62,323
Dividend income
-
0
(139,663)
Effect of expenses not deductible for tax purposes
18,857
178,976
Taxation charge for the year
143,498
130,226
11
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
3,739,382
Amortisation and impairment
At 1 May 2024
672,292
Amortisation charged for the year
249,292
At 30 April 2025
921,584
Carrying amount
At 30 April 2025
2,817,798
At 30 April 2024
3,067,090
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
713,930
567,448
Other debtors
44,617
1,858
Prepayments and accrued income
15,735
7,557
774,282
576,863
Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 18
13
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other borrowings
15
214,286
214,286
Trade creditors
7,313
15,281
Amounts owed to group undertakings
136,601
79,463
Corporation tax
143,498
130,226
Other taxation and social security
159,572
167,529
Other creditors
279,070
279,070
Accruals and deferred income
425,071
234,932
1,365,411
1,120,787
14
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
15
829,675
1,043,961
Other creditors
930,232
1,124,932
1,759,907
2,168,893

Other creditors comprises deferred and earnout consideration due to the previous shareholders of Pilot Financial Holdings Limited, following the acquisition of all the issued shares by Moore Kingston Smith Financial Advisers Limited on 30 March 2023. £300,000 (discounted to present value of £279,070) is payable on 31 March 2026 and the remaining amount of £1,000,000 (discounted to present value of £930,232) is due on 30 June 2026. The deferred consideration is secured by a fixed and floating charge over the assets of Moore Kingston Smith Financial Advisers Limited.

15
Loans and overdrafts
2025
2024
£
£
Other loans
1,043,961
1,258,247
Payable within one year
214,286
214,286
Payable after one year
829,675
1,043,961

The other loan is secured by a fixed and floating charge over the assets of the company.

Moore Kingston Smith Financial Advisers Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 19
16
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
60,000 Ordinary 'A' shares of £1 each
60,000
60,000
60,000 Ordinary 'B' shares of £1 each
60,000
60,000
120,000
120,000
17
Related party transactions

The company was a wholly owned subsidiary of Moore Kingston Smith LLP. As at 30 April 2025 the company became a wholly owned subsidiary of MKSFA Group Limited.

As at 30 April 2025 in the directors' opinion, the company's ultimate parent undertaking and controlling party was Manneken UK Holdco Limited.

The company is included in the consolidated financial statements of Manneken UK Holdco Limited which are publicly available from the company's registered office. Consequently, the company is exempt under the terms of FRS 102 from disclosing related party transactions with entities that are part of the Manneken UK Holdco Limited group.

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