REGISTERED NUMBER: 06268234 (England and Wales)

Beaufort Wealth Management Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J A Hart

RS Ghuman

SECRETARY:

RS Ghuman

REGISTERED OFFICE:

7B Tournament Court

Edgehill Drive

Warwick

Warwickshire

CV34 6LG

REGISTERED NUMBER:

06268234 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

Unit 12

Shottery Brook Office Park

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NR

FIXED ASSETS

Intangible assets

4

323,579

388,294

Tangible assets

5

240,689

243,010

Investments

6

935,085

935,085

1,499,353

1,566,389

CURRENT ASSETS

Debtors

7

40,438

15,176

Cash at bank

221,667

232,090

262,105

247,266

CREDITORS

Amounts falling due within one year

8

532,959

954,619

NET CURRENT LIABILITIES

(270,854

)

(707,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,499

859,036

CREDITORS

Amounts falling due after more than one year

9

(170,198

)

(131,649

)

PROVISIONS FOR LIABILITIES

(60,172

)

(60,753

)

NET ASSETS

998,129

666,634

CAPITAL AND RESERVES

Called up share capital

11

948

948

Capital redemption reserve

12

52

52

Retained earnings

12

997,129

665,634

SHAREHOLDERS' FUNDS

998,129

666,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

RS Ghuman - Director

1.	STATUTORY INFORMATION

Beaufort Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Beaufort Wealth Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents commissions receivable based on policies written and seminars delivered during the year with adjustments for identified clawbacks.For new business the income is recognised when the paperwork has been signed and the investment deposited with the providers. For recurring fees income is recognised upon receipt.

Goodwill

Goodwill is the amount due in connection with the acquisition of three businesses. The goodwill purchased in prior years related to two businesses, the first in April 2012 and the second in December 2012. The goodwill was amortised evenly over the estimated useful life of each acquisition which was wholly written off by 31 August 2016. The goodwill purchased in 2019 is now being amortised over the estimated useful life of 10 years from 1 September 2020.

Intangible assets

Website development costs are capitalised, to the extent that they lead to the creation of an enduring asset, in the year of acquisition or development. An amortisation charge is calculated to write off the asset over the period expected to benefit from its use.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Office furniture

-

20% on cost

Motor vehicles

-

33.3% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost plus the best forecast of deferred consideration to be paid in respect of same.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

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

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

902,720

11,800

914,520

AMORTISATION

At 1 September 2024

514,426

11,800

526,226

Charge for year

64,715

-

64,715

At 31 August 2025

579,141

11,800

590,941

NET BOOK VALUE

At 31 August 2025

323,579

-

323,579

At 31 August 2024

388,294

-

388,294

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

385,288

Additions

118,924

Disposals

(63,005

)

At 31 August 2025

441,207

DEPRECIATION

At 1 September 2024

142,278

Charge for year

91,003

Eliminated on disposal

(32,763

)

At 31 August 2025

200,518

NET BOOK VALUE

At 31 August 2025

240,689

At 31 August 2024

243,010

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

278,343

Additions

113,870

Disposals

(63,005

)

At 31 August 2025

329,208

DEPRECIATION

At 1 September 2024

57,051

Charge for year

77,430

Eliminated on disposal

(32,763

)

At 31 August 2025

101,718

NET BOOK VALUE

At 31 August 2025

227,490

At 31 August 2024

221,292

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

935,085

NET BOOK VALUE

At 31 August 2025

935,085

At 31 August 2024

935,085

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Commission receivable

19,948

2,670

Other debtors

965

107

Prepayments

19,525

12,399

40,438

15,176

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts (see note 10)

50,488

80,230

Trade creditors

46,121

40,324

Amounts owed to group undertakings

138,955

558,432

Tax

186,336

115,138

Social security and other taxes

1,078

2,907

Other creditors

14,215

19,614

Directors' current accounts

10,222

57,212

Accrued expenses

76,377

70,762

532,959

954,619

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 2-5 years

-

9,167

Hire purchase contracts (see note 10)

170,198

122,482

170,198

131,649

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Gross obligations repayable:

Within one year

55,243

80,812

Between one and five years

172,154

122,482

227,397

203,294

Finance charges repayable:

Within one year

4,755

582

Between one and five years

1,956

-

6,711

582

Net obligations repayable:

Within one year

50,488

80,230

Between one and five years

170,198

122,482

220,686

202,712

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

15,578

47,609

Between one and five years

-

15,752

15,578

63,361

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

450

Ordinary

1

450

450

498

Ordinary 'A'

1

498

498

948

948

The Ordinary 'A' shares are non voting. In all other respects, except dividend entitlement , they rank pari passu with the Ordinary shares.

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 September 2024

665,634

52

665,686

Profit for the year

787,235

787,235

Dividends

(455,740

)

(455,740

)

At 31 August 2025

997,129

52

997,181

13.	RELATED PARTY DISCLOSURES

In December 2020, the company entered into a lease with the BWM Group SIPP which is a pension fund for the benefit of the directors. The lease is for the rental of new premises and is for a period of five years. The amount of rent paid during the year was £46,200.

14.	ULTIMATE CONTROLLING PARTY

The directors are regarded as the joint controlling parties of the company..

15.	ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of BWM WAR Limited. The registered office of BWM WAR Limited is 7B Tournament Court Edgehill Drive Warwick.