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Registered number: 11530218 WKM WEALTH LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
WKM WEALTH LIMITED COMPANY INFORMATION
Directors | B J Wattam
| N J Wattam
| T A Kirby
| A Mee
| D J Partridge
Registered number | 11530218
Registered office | Atelius House
| 2 Smith Way
| Grove Park
| Enderby
| Leicestershire
| LE19 1SX
Independent auditors | WR Partners
| Chartered Accountants & Statutory Auditors
| Belmont House
| Shrewsbury Business Park
| Shrewsbury
| Shropshire
| SY2 6LG
WKM WEALTH LIMITED CONTENTS
| Page
Strategic report | 1 - 3
Directors' report | 4 - 5
Independent auditors' report | 6 - 9
Statement of comprehensive income | 10
Balance sheet | 11 - 12
Statement of changes in equity | 13
Notes to the financial statements | 14 - 28
WKM WEALTH LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Introduction
The Directors present their Strategic Report of WKM Wealth Limited ("the Company") for the year ended 31 December 2025.
Business review
In the year to 31 December 2025 the Company generated an operating profit of £1,071,140 (2024: 910,045) from turnover of £1,715,601 (2024: 1,518,863). This reflects another year of growth both in terms of turnover and profit. Further growth in client numbers and assets under management, combined with the significant contributions of a great number of people throughout the business, and strong partnerships, enabled a strong performance for the year. The Company continues its strategy of maintaining a financially resilient and profitable business. The financial statements report net assets of the Company increasing to £185,696 (2024: £171,485). The Company maintains a position of having no external debt.
Principal risks and uncertainties
The business activities, financial condition and trading results are subject to risk factors and uncertainties that the directors keep under review. The directors are of the opinion that principal risks and uncertainties facing the Company relate to general economic, political and investment market conditions, which influence the demand for its products and services. Economic risks and uncertainties brought about by higher interest rates and geopolitical tensions remain closely monitored by the directors. The directors consider that the Company is well placed to continue in line with its business strategy.
Financial key performance indicators
The Company measures its financial performance and broader position by reference to key performance indicators. The key performance indicators used by the business include those relating to turnover, operating profit and net assets as referenced in the business review above.
Other key performance indicators
The Company uses a range of other KPI's to monitor and measure performance within the business on a regular basis. These cover the whole business and reflect its growing nature. KPI’s cover diverse areas of the business such as assets under management, number of client families and clients per advisor. Page 1
WKM WEALTH LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Directors' statement of compliance with duty to promote the success of the Company
The board of directors consider, both individually and together, that they have acted in a way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a) (f) of the Act) in the decisions taken during the year ended 31 December 2025. Decision making at the Board. The directors meet on a regular basis. When making decisions which are in the best interests of the Company they consider any potential impacts and risks for our customers, employees and other stakeholders including our partners, suppliers, the communities in which we operate, and serve, and the environment and how they are to be managed. Stakeholders Our key stakeholders are our shareholders, employees, customers, partners, and the communities in which we operate. We take a current and future view in relation to all such stakeholders. Sustainability We are proud that WKM has provided employment, training and financial reward for its employees and owners and benefits for a wide group of stakeholders. When making business decisions we consider the needs of our current and future customers, employees, suppliers and the communities in which we operate to ensure we are conducting all our business relationships with integrity. The continued sustainability of the Company is paramount in our decision making, particularly in response to the changing economic and political environment. Employees Our people are fundamental to the delivery of our business plans. We aim to be a responsible employer in our approach to the pay and benefits our people receive. The health, safety and wellbeing of our team is one of our primary considerations in the way we do business. We place considerable value on the involvement of our employees and continue to keep them informed on matters affecting them. Engagement with customers who form the community we serve is key to our success. Partners and Suppliers The Company partner with various financial institutions to provide services to clients and therefore strong relationships with those partners is fundamental to what we do. We maintain regular communication with our key partners through regular meetings and conversations. Page 2
WKM WEALTH LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Communities and environment The Company and the Group continue to support good causes, both locally and nationally. Part of the 1% pledge initiative to which WKM participates, the company strives to donate profit and time to good causes. Numerous charities have benefitted from donations from the company. Individuals within the business have spent time supporting financial education in schools, giving blood and litter picking in the local community. Business Conduct The Board of Directors always strive to behave responsibly and ensure that the management of the Company operate the business in a responsible manner and with high standards of business conduct and governance. This report was approved by the board and signed on its behalf.
................................................ N J Wattam Director
Date: 12 February 2026
Page 3
WKM WEALTH LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the financial statements for the year ended 31 December 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and 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 for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the 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 to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £806,691 (2024 - £686,386). Dividends totalling £792,480 (2024: £636,048) were paid during the year.
Directors
The directors who served during the year were:
B J Wattam
N J Wattam
T A Kirby
A Mee
D J Partridge
Engagement with suppliers, customers and others
Engagement with suppliers, customers and others are included within the strategic report. Page 4
WKM WEALTH LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, WR Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
................................................ N J Wattam Director
Date: 12 February 2026
Page 5
WKM WEALTH LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WKM WEALTH LIMITED
Opinion
We have audited the financial statements of WKM Wealth Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 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 Auditors' 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 United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. Page 6
WKM WEALTH LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WKM WEALTH LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, 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. Page 7
WKM WEALTH LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WKM WEALTH LIMITED (CONTINUED)
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the 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.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, Health and Safety Regulations and the EU General Data Protection Regulation (GDPR). We understood how the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non compliance that might have a material impact on the financial statements. We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. Page 8
WKM WEALTH LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WKM WEALTH LIMITED (CONTINUED)
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. John Fletcher BA(Hons) FCA (Senior statutory auditor) for and on behalf of WR Partners Chartered Accountants Statutory Auditors Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG 12 February 2026 Page 9
WKM WEALTH LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 1,715,601 | 1,518,863
Cost of sales |  | (68,953) | (66,422)
Gross profit |  | 1,646,648 | 1,452,441
Administrative expenses |  | (575,508) | (542,396)
Operating profit | 5 | 1,071,140 | 910,045
Interest receivable and similar income | 9 | 11,136 | 7,273
Interest payable and similar expenses | 10 | (6,151) | (4,342)
Profit before tax |  | 1,076,125 | 912,976
Tax on profit | 11 | (269,434) | (226,590)
Profit for the financial year |  | 806,691 | 686,386
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 14 to 28 form part of these financial statements.
Page 10
WKM WEALTH LIMITED REGISTERED NUMBER: 11530218 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 13 |  | 80,058 |  | 91,540
|  |  | 80,058 |  | 91,540
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 14 | 210,922 |  | 207,585 |
Current asset investments | 15 | 150,000 |  | 100,000 |
Cash at bank and in hand | 16 | 138,812 |  | 133,350 |
|  | 499,734 |  | 440,935 |
Creditors: amounts falling due within one year | 17 | (348,479) |  | (305,034) |
Net current assets |  |  | 151,255 |  | 135,901
Total assets less current liabilities |  |  | 231,313 |  | 227,441
Creditors: amounts falling due after more than one year | 18 |  | (45,617) |  | (55,956)
Net assets |  |  | 185,696 |  | 171,485
Page 11
WKM WEALTH LIMITED REGISTERED NUMBER: 11530218 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 20 |  | 101,100 |  | 101,100
Profit and loss account | 21 |  | 84,596 |  | 70,385
|  |  | 185,696 |  | 171,485
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2026.
................................................ N J Wattam
Director
The notes on pages 14 to 28 form part of these financial statements. Page 12
WKM WEALTH LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2024 | 101,100 | 20,047 | 121,147
Comprehensive income for the year |  |  |
Profit for the year | - | 686,386 | 686,386
Total comprehensive income for the year | - | 686,386 | 686,386
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (636,048) | (636,048)
Total transactions with owners | - | (636,048) | (636,048)
At 1 January 2025 | 101,100 | 70,385 | 171,485
Comprehensive income for the year |  |  |
Profit for the year | - | 806,691 | 806,691
Total comprehensive income for the year | - | 806,691 | 806,691
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (792,480) | (792,480)
Total transactions with owners | - | (792,480) | (792,480)
At 31 December 2025 | 101,100 | 84,596 | 185,696
| The notes on pages 14 to 28 form part of these financial statements.
Page 13
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
WKM Wealth Limited (11530218) is a private company limited by shares, incorporated and domiciled in England and Wales. The registered office and principal place of business is Atelius House, 2 Smith Way, Grove Park, Enderby, Leicestershire, LE19 1SX. The principal activity of WKM Wealth Limited is to provide financial planning and investment solutions. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of WKM Wealth Holdings Limited as at 31 December 2025 and these financial statements may be obtained from Companies House.
| 2.3 | Going concern
The Directors have undertaken an exercise to review the appropriateness of the continued use of the Going Concern basis that underpins the preparation of the financial statements, following the review the Directors are confident that the Company can continue trading for at least 12 months and therefore continue to adopt the going concern basis. Page 14
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 15
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 2-3 years
|  |  |  | Plant and machinery | - | 2-4 years
|  |  |  | Motor vehicles | - | 4 years
|  |  |  | Office equipment | - | 2-4 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 16
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Valuation of investments
Current asset investments are money market funds which are measured at fair value through profit or loss.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 17
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Page 18
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments (continued)
Basic 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 Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 19
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4. | Turnover
The whole of the turnover is attributable to the Company's principal activity.
| All turnover arose within the United Kingdom.
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation | 23,123 | 21,244
| Exchange differences | - | (7)
6. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 11,100 | 10,200
| The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
Page 20
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 235,647 | 195,493
| Social security costs | 16,098 | 15,097
| Cost of defined contribution scheme | 43,281 | 78,688
|  | 295,026 | 289,278
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 10 | 9
8. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 67,444 | 69,464
| Company contributions to defined contribution pension schemes | 35,797 | 73,189
|  | 103,241 | 142,653
| During the year retirement benefits were accruing to 3 directors (2024 - 3) in respect of defined contribution pension schemes.
Page 21
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 11,136 | 7,273
|  | 11,136 | 7,273
10. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest payable | 6,151 | 4,342
|  | 6,151 | 4,342
11. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 269,434 | 226,590
|  | 269,434 | 226,590
| Total current tax | 269,434 | 226,590
| Deferred tax |  |
| Total deferred tax | - | -
| Tax on profit | 269,434 | 226,590
Page 22
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11.Taxation (continued)
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,076,125 | 912,976
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 269,031 | 228,244
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 103 | -
| Short-term timing difference leading to an increase (decrease) in taxation | (60) | (1,654)
| Changes in provisions leading to an increase (decrease) in the tax charge | 360 | -
| Total tax charge for the year | 269,434 | 226,590
| Factors that may affect future tax charges
There were no factors that may affect future tax charges.
12. | Dividends
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Dividends | 792,480 | 636,048
|  | 792,480 | 636,048
Page 23
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 2,744 | 20,300 | 79,690 | 40,714 | 143,448
| Additions | 5,619 | 4,337 | - | 1,683 | 11,639
| Disposals | - | (4,061) | - | (1,167) | (5,228)
| At 31 December 2025 | 8,363 | 20,576 | 79,690 | 41,230 | 149,859
| Depreciation |  |  |  |  |
| At 1 January 2025 | 1,915 | 17,508 | 5,318 | 27,167 | 51,908
| Charge for the year on owned assets | 985 | 7,081 | - | 4,419 | 12,485
| Charge for the year on financed assets | - | - | 10,636 | - | 10,636
| Disposals | - | (4,061) | - | (1,167) | (5,228)
| At 31 December 2025 | 2,900 | 20,528 | 15,954 | 30,419 | 69,801
| Net book value |  |  |  |  |
| At 31 December 2025 | 5,463 | 48 | 63,736 | 10,811 | 80,058
| At 31 December 2024 | 829 | 2,792 | 74,372 | 13,547 | 91,540
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 63,736 | 74,372
|  | 63,736 | 74,372
Page 24
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,307 | 2,970
| Other debtors | 7,800 | 16,802
| Prepayments and accrued income | 201,815 | 187,813
|  | 210,922 | 207,585
15. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Listed investments | 150,000 | 100,000
|  | 150,000 | 100,000
16. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 138,812 | 133,350
|  | 138,812 | 133,350
17. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,916 | 2,627
| Corporation tax | 269,434 | 226,590
| Other taxation and social security | 31,251 | 26,199
| Obligations under finance lease and hire purchase contracts | 14,400 | 14,400
| Other creditors | 6,667 | 6,017
| Accruals and deferred income | 24,811 | 29,201
|  | 348,479 | 305,034
Page 25
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
18. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 45,617 | 54,766
| Accruals and deferred income | - | 1,190
|  | 45,617 | 55,956
19. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 14,400 | 14,400
| Between 1-5 years | 45,617 | 54,766
|  | 60,017 | 69,166
20. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024 - 100,000) Ordinary A - H shares of £1.00 each | 100,000 | 100,000
|  | 110,000 (2024 - 110,000) Ordinary I - T shares of £0.01 each | 1,100 | 1,100
|  |  | 101,100 | 101,100
21. | Reserves
Profit and loss account The profit and loss account represents the accumulated profits of the company since its incorporation less any distributions made. Page 26
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
22. | Analysis of net debt
|  | At 1 January 2025 | Cash flows | At 31 December 2025
|  | £ | £ | £
| Cash at bank and in hand | 133,350 | 5,462 | 138,812
| Debt due within 1 year | (5,000) | - | (5,000)
| Finance leases | (69,166) | 9,149 | (60,017)
| Liquid investments | 100,000 | 50,000 | 150,000
|  | 159,184 | 64,611 | 223,795
23. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £43,281 (2024: £78,688). Contributions totaling £1,438 (2024: £971) were payable to the fund at the balance sheet date and are included in other creditors.
24. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 65,201 | 76,284
| Later than 1 year and not later than 5 years | 48,241 | 111,928
|  | 113,442 | 188,212
25. | Related party transactions
| Included in other debtors is a Director's loan account with a balance of £Nil (2024: £9,000). During the year, the Company operated loan accounts on behalf of the directors. At the year end £5,000 (2024: £5,000) was due from the Company to the directors and is shown within other creditors due within one year. The Company has taken the exemption available under FRS 102 to not disclose related party transactions with other 100% group companies.
Page 27
WKM WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
26. | Controlling party
The immediate and ultimate parent undertaking is WKM Wealth Holdings Limited, there is no individual ultimate controlling party.
Page 28