Company registration number 04322187 (England and Wales)
RESOLUTION PARTNERS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
RESOLUTION PARTNERS LIMITED
COMPANY INFORMATION
Directors
Mr H D B Ridgwell
Mr R N P Simpson
Secretary
Mr H D B Ridgwell
Company number
04322187
Registered office
Room 783
Lloyd's Building
One Lime Street
London
EC3M 7HA
RESOLUTION PARTNERS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 20
RESOLUTION PARTNERS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Introduction and strategy

Resolution Partners was founded by the directors in 2001 as an independent corporate finance advisory business. The company is authorised and regulated by the Financial Conduct Authority in the UK. The principal focus of the business is the provision of mergers and acquisitions, capital raising and strategic advisory services to companies in the UK insurance and financial services sector.

The company’s strategy is to develop the business by continuing to serve its existing corporate clients, winning new ones and assisting its clients to achieve their plans through the provision of high quality advice.

The directors do not anticipate any significant changes to the nature of the company's activities in the forthcoming year.

Principal risks and uncertainties

The board of directors of the company has overall responsibility for the establishment and oversight of the company's risk management framework. The board is responsible for developing and monitoring the company's risk management strategy and policies.

The company is exposed to a range of risks which could affect its financial performance and the achievement of its strategic objectives. These include: Regulatory risk: the ability to meet the company’s ongoing requirements of the Financial Conduct Authority, including capital adequacy and liquidity; Economic risk: the strength and resilience of the UK economy and the impact this has on the confidence of corporate clients to enter into new transactions; and Operational risk: the ability to maintain robust internal controls, systems and processes.

The directors continually review these risks and believe that the company is well placed to manage these and that the business will develop satisfactorily in the future.

Key performance indicators

The company's key performance indicator is turnover. In the year to 31 December 202 5, turnover was £1,293,828 (202 4: £780,531). The loss for the year, after taxation, amounted to £12,340 (202 4: £76,815).

S172 Statement
Introduction

The d irectors consider that they have adhered to the requirements of section 172 of the Companies Act 2006 (the "Act") and have, in good faith, acted in a way that they consider would be most likely to promote the success of the company for the benefit of its members and have had regard to and recognised the importance of considering all stakeholders (as set out in section 172(1)(a-f) of the Act) in its decision making.

Corporate governance framework and stakeholder engagement

For the financial period ended 31 December 202 5, the company continued to act in accordance with the corporate governance arrangements which are embedded across the shareholders. These shareholders support the delivery of strategic and business objectives within a framework of best corporate governance practice. The company is clear that good governance and effective communications are essential on a day-to-day basis to protect the r eputation and relationships with all its stakeholder community, which includes shareholders, customers, suppliers, regulators and the local communities in which we work.

Decision making

In all decision making, the directors act in good faith in a manner most likely to promote the success of the c ompany, and in doing so always has regard to :

- The likely consequences of any decision in the long term;

- The interests of the c ompany's employees;

- The need to foster the c ompany's business relationships with suppliers, customers and others;

- The impact of the c ompany's operations on the community and the environment;

- The desirability of the c ompany maintaining a reputation for high standards of business conduct;

- T he need to act fairly as between members of the c ompany.

RESOLUTION PARTNERS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Engagement to stakeholders

In order to meet the strategic objectives of the company, we have developed strong mutually beneficial r elationships with suppliers, customers and local commun i ti es. The company ensures that such relationships are established and managed in line with the core principles and values of the company. The d irectors continuously assess the priorities related to customers, local communities and those with whom we do business.

On behalf of the board

Mr R N P Simpson
Director
10 April 2026
RESOLUTION PARTNERS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company is that of the provision of corporate finance advisory services.

Directors

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

Mr H D B Ridgwell
Mr R N P Simpson
Results and dividends

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

Ordinary dividends were paid amounting to £nil (202 4: £nil). The directors do not recommend payment of a dividend.

Auditor

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

Energy and carbon report
As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.
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 company’s auditor 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 company’s auditor is aware of that information.

On behalf of the board
Mr R N P Simpson
Director
10 April 2026
RESOLUTION PARTNERS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

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 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;

- 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.

RESOLUTION PARTNERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RESOLUTION PARTNERS LIMITED
- 5 -
Opinion

We have audited the financial statements of Resolution Partners 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, the statement of cash flows 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 31 December 2025 and of its result 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.

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 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.

RESOLUTION PARTNERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RESOLUTION PARTNERS LIMITED
- 6 -
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 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, 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.

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 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.

RESOLUTION PARTNERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RESOLUTION PARTNERS LIMITED
- 7 -
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.

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.

Detection of fraud and breaches of laws and regulations
To identify risks of material misstatement due to fraud, we considered events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to do so. Our approach included:
•
using analytical procedures to identify unusual relationships;
•
reading minutes of company meetings;
•
discussing company policies and procedures on fraud detection and prevention with directors, and enquiring about any knowledge of actual, alleged or suspected fraud.
We communicated identified fraud risks throughout our team and remained alert to any indications of fraud throughout the audit.
To identify risks of material misstatement due to non-compliance with laws and regulations, our approach was as follows:
•
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the directors and other management (as required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations;
•
We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations;
•
We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration.
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. We also performed procedures to address the risk of management override of controls and the risk of fraudulent revenue recognition, in particular the risks that revenue is recorded in the wrong period and that management may be in a position to make inappropriate accounting entries. Our procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiries of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.
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 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. The risk is also greater regarding non-detection of fraud rather than error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
RESOLUTION PARTNERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF RESOLUTION PARTNERS 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.

Stephanie Evans (Senior Statutory Auditor)
for and on behalf of
16 April 2026
Chartered Accountants
Statutory Auditor
RESOLUTION PARTNERS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2025
2024
Notes
£
£
Turnover
1,293,828
780,531
Administrative expenses
(1,309,267)
(890,175)
Operating loss
3
(15,439)
(109,644)
Interest receivable and similar income
7
5,592
9,827
Interest payable and similar expenses
8
-
(23)
Loss before taxation
(9,847)
(99,840)
Tax on loss
9
(2,493)
23,025
Loss for the financial year
(12,340)
(76,815)
Total comprehensive loss for the year
(12,340)
(76,815)
The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the statement of comprehensive income.
RESOLUTION PARTNERS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
2,778
-
0
Current assets
Debtors
12
5,575
31,557
Cash at bank and in hand
259,232
281,975
264,807
313,532
Creditors: amounts falling due within one year
13
(26,780)
(60,387)
Net current assets
238,027
253,145
Total assets less current liabilities
240,805
253,145
Capital and reserves
Called up share capital
15
50,000
50,000
Profit and loss reserves
190,805
203,145
Total equity
240,805
253,145
The financial statements were approved by the board of directors and authorised for issue on 10 April 2026 and are signed on its behalf by:
Mr R N P Simpson
Director
Company Registration No. 04322187
RESOLUTION PARTNERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
50,000
279,960
329,960
Year ended 31 December 2024:
Loss and total comprehensive income
-
(76,815)
(76,815)
Balance at 31 December 2024
50,000
203,145
253,145
Year ended 31 December 2025:
Loss and total comprehensive income
-
(12,340)
(12,340)
Balance at 31 December 2025
50,000
190,805
240,805
RESOLUTION PARTNERS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
18
(45,132)
34,797
Interest paid
-
0
(23)
Income taxes refunded/(paid)
19,828
(422,243)
Net cash outflow from operating activities
(25,304)
(387,469)
Investing activities
Purchase of tangible fixed assets
(3,031)
-
0
Interest received
5,592
9,827
Net cash generated from investing activities
2,561
9,827
Net decrease in cash and cash equivalents
(22,743)
(377,642)
Cash and cash equivalents at beginning of year
281,975
659,617
Cash and cash equivalents at end of year
259,232
281,975
RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
1
Accounting policies
Company information

Resolution Partners Limited is a private company limited by shares incorporated in England and Wales. The registered office is Room 783, Lloyd’s Building, One Lime Street, London, EC3M 7HA.

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. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

In respect of assignments with a fixed and variable element, the fixed part, the retainer, consists of a non returnable fee in connection with the service provided and is recognised in the period to which it relates, in accordance with each contract. Any variable element in the contract represents a success fee and is only recognised in the year of successful completion of the contract and therefore no work in progress is recognised. Consultancy fees are recognised when invoiced.

1.4
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. 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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit and loss during the period in which they are incurred.

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:

Office equipment
straight line over three years

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 credited or charged to profit or loss.

RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

1.6
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.

1.7
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, less any impairment. Interest is recognised using the effective interest rate, except for short-term debtors when the recognition of interest would be immaterial.

Basic financial liabilities

Basic financial liabilities, including creditors 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, except for short-term creditors when the recognition of interest would be immaterial.

1.8
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.

RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
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.
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
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 s 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.

3
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
8,000
8,000
Depreciation of owned tangible fixed assets
253
63
Operating lease charges
45,956
48,419
RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
4
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
8,000
8,000
5
Employees

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

2025
2024
Number
Number
Management
2
2
Advisory
1
1
Total
3
3

The key management personnel aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,055,624
694,452
Social security costs
155,497
88,839
1,211,121
783,291
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
877,886
434,630
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
463,211
239,756

The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £nil (202 4: £nil).

RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
5,592
9,827
8
Interest payable and similar expenses
2025
2024
£
£
Other finance costs
Other interest
-
0
23
9
Taxation
2025
2024
£
£
Current tax
Adjustments in respect of prior periods
2,493
1,951
Deferred tax
Tax losses carried forward
-
0
(24,960)
Other adjustments
-
0
(16)
Total deferred tax
-
0
(24,976)
Total tax charge/(credit)
2,493
(23,025)

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

2025
2024
£
£
Loss before taxation
(9,847)
(99,840)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
(2,462)
(24,960)
Tax effect of expenses that are not deductible in determining taxable profit
197
-
0
Unutilised tax losses carried forward
2,265
-
0
Adjustments in respect of prior years
2,493
1,951
Movement in deferred tax
-
0
(16)
Taxation charge/(credit) for the year
2,493
(23,025)
RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
10
Tangible fixed assets
Office Equipment
£
Cost
At 1 January 2025
8,986
Additions
3,031
At 31 December 2025
12,017
Depreciation and impairment
At 1 January 2025
8,986
Depreciation charged in the year
253
At 31 December 2025
9,239
Carrying amount
At 31 December 2025
2,778
At 31 December 2024
-
0
11
Financial instruments
2025
2024
£
£
Carrying amount of financial assets
Financial assets measured at amortised cost
-
424
Carrying amount of financial liabilities
Measured at amortised cost
15,287
16,195

Financial assets measured at amortised cost comprise trade and other debtors.

Financial liabilities measured at amortised cost comprise trade creditors, other creditors and accruals.

12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
229
-
0
Prepayments and accrued income
5,346
6,597
5,575
6,597
Deferred tax asset (note 14)
-
0
24,960
5,575
31,557
RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
13
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,937
2,700
Corporation tax
-
0
2,410
Other taxation and social security
11,494
41,782
Accruals and deferred income
11,350
13,495
26,781
60,387
14
Deferred taxation

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

Assets
Assets
2025
2024
Balances:
£
£
Tax losses
-
24,960
15
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50,000
50,000
50,000
50,000
16
Profit and loss Reserves

T he profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

17
Operating lease commitments
Lessee

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

2025
2024
£
£
Within one year
10,267
31,920
RESOLUTION PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
18
Cash (absorbed by)/generated from operations
2025
2024
£
£
Loss after taxation
(12,340)
(76,815)
Adjustments for:
Taxation charged/(credited)
2,493
(23,025)
Finance costs
-
0
23
Investment income
(5,592)
(9,827)
Depreciation and impairment of tangible fixed assets
253
63
Movements in working capital:
Decrease in debtors
1,251
106,547
(Decrease)/increase in creditors
(31,197)
37,831
Cash (absorbed by)/generated from operations
(45,132)
34,797
19
Analysis of changes in net funds
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
281,975
(22,743)
259,232
20
Control

The company is majority owned by R.N. Priestley Limited, a company registered in England and Wales. R.N. Priestley Limited prepares group financial statements and copies can be obtained from Companies House. R.N. Priestley Limited is controlled by Mr R N P Simpson who is a director and shareholder of the company.

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