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

Creative Benefit Wealth Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cannon Place, 78 Cannon Street, London, England, EC4N 6AF.

The financial statements have been prepared for a 17-month period ending 30 April 2026 due to the cessation of the trade and the deregistration from the FCA on 27th April 2026. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable as they have been prepared for a 12-month period ending on 30 November 2024.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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.

The Company has also taken advantage of the exemption from preparing a cash flow statement.

These financial statements are prepared on not a going concern basis. The directors have an expectation that the company will enter liquidation after the period end April 2026.

As a result of the company ceasing to trade and seeking to enter voluntary liquidation after the period end 30th April 2026, the financial statements are prepared on a basis other than that of a going concern. No adjustments arose as a result of ceasing to apply the going concern basis. The financial statements do not include any provision for the future costs of terminating the operations of the company as these were not deemed to be material.

The company operated at a loss before taxation for the year of £6,070 (2024: Profit £2,004,041). At the year-end net assets amounted to £2,874,225 (2024: £2,849,395).

Turnover represents adviser-charges and fees receivable from third-party providers and fees for consultancy services.

Fees are recognised as follows:

- Fees and adviser-charges are recognised on the completion of the relevant documentation to effect the completion of the transaction.

- Renewal fees are recognised when receivable.

Adviser charges are stated net of a provision for clawback. The provision for clawback is made appropriate to the type of policy written.

Consultancy services income is recognised on a percentage completion basis over the course of the contract.

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.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

The fair value of listed current asset investments, which are traded in active markets, is determined with reference to the quoted market price at the reporting date.

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 deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The tax expense represents the sum of the tax currently payable and deferred 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.

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.

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 leased asset are consumed.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period they are payable.

Investment income and other gains and losses

Interest income from bank deposits is recognised in the income statement as it is earned on an accruals basis.

Dividend income from equity investments is recognised in the income statement when the company’s right to receive payment is established. Dividends are presented as income from investments.

Current asset investments traded in active markets are measured at fair value, determined with reference to the quoted market price at the reporting date. Fair value gains and losses are recognised in the income statement in the period in which they arise.

Realised gains or losses on the disposal of current asset investments are recognised in the income statement in the period of disposal. The gain or loss is calculated as the difference between the net disposal proceeds and the carrying amount of the investment at the date of disposal.

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.

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

Included in cash and cash equivalents is £2,808,179 (2024: £2,018,808) held in a Sterling Liquidity Fund.  The fund invests in a broad range of fixed income securities and money market instruments of high credit quality.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 April 2026 and of its profit for the period 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.

Emphasis of matter

We draw attention to note 1.3 of the financial statements, which explains that the company has ceased to trade and will be seeking to enter voluntary liquidation. Accordingly, the financial statements have been prepared on a basis other than that of a going concern as described in note 1.3. Our opinion is not modified in respect of this matter.

There is no single, ultimate controlling party.