REGISTERED NUMBER: 12860069 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Circle Wealth Partners Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M D S Parker

K M Shaw

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

12860069 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

5

7,346,788

5,921,635

Property, plant and equipment

6

54,823

74,214

7,401,611

5,995,849

CURRENT ASSETS

Debtors

7

1,247,377

462,673

Cash at bank

1,129,906

1,270,793

2,377,283

1,733,466

CREDITORS

Amounts falling due within one year

8

(1,460,809

)

(942,045

)

NET CURRENT ASSETS

916,474

791,421

TOTAL ASSETS LESS CURRENT LIABILITIES

8,318,085

6,787,270

CREDITORS

Amounts falling due after more than one year

9

(5,077,226

)

(4,566,062

)

PROVISIONS FOR LIABILITIES

(12,300

)

(18,553

)

NET ASSETS

3,228,559

2,202,655

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,228,459

2,202,555

SHAREHOLDERS' FUNDS

3,228,559

2,202,655

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2026 and were signed on its behalf by:

K M Shaw - Director

M D S Parker - Director

1.	STATUTORY INFORMATION

Circle Wealth Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of various books of business from fellow SJP partner practices, is being amortised evenly over the estimated useful life of 35 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2025

6,312,069

Additions

1,615,727

Disposals

(2,480

)

At 31 December 2025

7,925,316

Amortisation

At 1 January 2025

390,434

Charge for year

188,188

Eliminated on disposal

(94

)

At 31 December 2025

578,528

Net book value

At 31 December 2025

7,346,788

At 31 December 2024

5,921,635

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2025

5,974

204,837

31,427

242,238

Additions

33,303

-

5,721

39,024

At 31 December 2025

39,277

204,837

37,148

281,262

Depreciation

At 1 January 2025

1,186

156,632

10,206

168,024

Charge for year

3,296

48,205

6,914

58,415

At 31 December 2025

4,482

204,837

17,120

226,439

Net book value

At 31 December 2025

34,795

-

20,028

54,823

At 31 December 2024

4,788

48,205

21,221

74,214

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

211,677

154,567

Other debtors

1,035,700

308,106

1,247,377

462,673

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

551,474

564,735

Hire purchase contracts (see note 10)

51,031

9,467

Trade creditors

9,665

-

Taxation and social security

506,524

343,259

Other creditors

342,115

24,584

1,460,809

942,045

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

3,418,138

3,543,507

Hire purchase contracts (see note 10)

-

51,031

Other creditors

1,659,088

971,524

5,077,226

4,566,062

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,035,982

1,210,644

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Gross obligations repayable:

Within one year

53,912

12,739

Between one and five years

-

53,912

53,912

66,651

Finance charges repayable:

Within one year

2,881

3,272

Between one and five years

-

2,881

2,881

6,153

Net obligations repayable:

Within one year

51,031

9,467

Between one and five years

-

51,031

51,031

60,498

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

20,120

20,120

Between one and five years

11,737

31,857

31,857

51,977

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors were loaned £947,563 (2024: £761,522) and repaid £248,800 (2024: £559,880), the balance at the year end was £945,604 (2024: £246,841). Interest was provided on the loan at the approved HMRC rates.