REGISTERED NUMBER: SC215343 (Scotland)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ACUMEN FINANCIAL PLANNING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

D Gow

K Mackie

A G Robertson

K M Mackenzie

R S Morgan

L Crowe

SECRETARY:

Shepherd & Wedderburn Secretaries Ltd

REGISTERED OFFICE:

4 Kingshill Park

Venture Drive

Arnhall Business Park

Westhill

AB32 6FL

REGISTERED NUMBER:

SC215343 (Scotland)

AUDITORS:

McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

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

REVIEW OF BUSINESS

The directors are satisfied with the overall performance. During a year of stable market conditions, turnover and profit before tax has increased. There is a slight net increase in the capital reserve position.

The directors anticipate an increase in income and profitability during the incoming year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have established risk management systems to effectively manage the risks to which the company is exposed.

The key risk facing the company is market risk whereby a downturn in markets could reduce future revenue levels. The company actively monitor their mitigation measures against such risk and respond accordingly.

ON BEHALF OF THE BOARD:

A G Robertson - Director

29 July 2026

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of financial planners.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 will be £ 1,000,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

D Gow

K Mackie

A G Robertson

K M Mackenzie

R S Morgan

Other changes in directors holding office are as follows:

L Crowe - appointed 7 April 2025

FINANCIAL INSTRUMENTS

The company's activities expose it to a number of financial risks, including credit risk, liquidity risk and cash flow risk.

CREDIT RISK, LIQUIDITY RISK AND CASH FLOW RISK

Credit risk

The company's main financial assets are trade debtors and bank balances and deposits. Trade debtors are monitored on an ongoing basis, bank balances and deposits are held with established financial institutions with high credit ratings.

Liquidity and cash flow risk

The company reviews cash flow requirements on a regular basis and holds funds on current account to ensure sufficient funds are available to finance ongoing operations.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, McLay, McAlister & McGibbon LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A G Robertson - Director

29 July 2026

Opinion

We have audited the financial statements of Acumen Financial Planning Limited (the 'company') for the year ended 31 October 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, 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 October 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors 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 Report of the Directors.

We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities set out on page three, 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 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-the nature of the industry sector, control environment and business performance;

-results of our enquiries of management about their own assessment of risks and irregularities;

-any matters we identified having reviewed the company's internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

-matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators.

We obtained an understanding of the legal and regulatory framework that the company operates in. The key laws and regulations we considered included the UK Companies Act and tax legislation.We assessed the extent of compliance with these as part of our procedures on the related financial statement items. In addition we considered the provisions of other laws and regulations that do not have an effect on the financial statements but compliance with which may be fundamental to the company's ability to operate.These included Financial Conduct Authority and employment laws. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors, inspection of regulatory and legal correspondence, if any, and review of minutes of meetings. These limited procedures did not identify actual or suspected non-compliance.

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 Report of the Auditors.

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 a Report of the Auditors 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.

George Macshannon (Senior Statutory Auditor)

for and on behalf of McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

29 July 2026

TURNOVER

8,532,563

7,998,566

Cost of sales

2,544,818

2,673,456

GROSS PROFIT

5,987,745

5,325,110

Administrative expenses

4,581,881

4,160,973

1,405,864

1,164,137

Other operating income

40,649

15,000

OPERATING PROFIT

4

1,446,513

1,179,137

Income from fixed asset investments

1,432

3,026

Interest receivable and similar income

11,693

6,400

13,125

9,426

1,459,638

1,188,563

Amounts written off investment

5

-

9,973

Fair value adjustments on

investments

(24,672

)

(34,165

)

(24,672

)

(24,192

)

1,484,310

1,212,755

Interest payable and similar expenses

6

-

4,840

PROFIT BEFORE TAXATION

1,484,310

1,207,915

Tax on profit

7

388,494

278,567

PROFIT FOR THE FINANCIAL YEAR

1,095,816

929,348

PROFIT FOR THE YEAR

1,095,816

929,348

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,095,816

929,348

FIXED ASSETS

Intangible assets

9

71,208

151,224

Tangible assets

10

86,515

101,100

157,723

252,324

CURRENT ASSETS

Debtors

11

1,321,633

1,119,656

Investments

12

246,694

218,538

Cash at bank

347,170

350,783

1,915,497

1,688,977

CREDITORS

Amounts falling due within one year

13

868,266

834,760

NET CURRENT ASSETS

1,047,231

854,217

TOTAL ASSETS LESS CURRENT LIABILITIES

1,204,954

1,106,541

PROVISIONS FOR LIABILITIES

15

55,879

53,282

NET ASSETS

1,149,075

1,053,259

CAPITAL AND RESERVES

Called up share capital

16

438,721

438,721

Share premium

17

316,775

316,775

Capital redemption reserve

17

52,115

52,115

Retained earnings

17

341,464

245,648

SHAREHOLDERS' FUNDS

1,149,075

1,053,259

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

A G Robertson - Director

Called up

Capital

share

Retained

Share

redemption

Total

capital

earnings

premium

reserve

equity

£

£

£

£

£

Balance at 1 November 2023

438,721

216,300

316,775

52,115

1,023,911

Changes in equity

Dividends

-

(900,000

)

-

-

(900,000

)

Total comprehensive income

-

929,348

-

-

929,348

Balance at 31 October 2024

438,721

245,648

316,775

52,115

1,053,259

Changes in equity

Dividends

-

(1,000,000

)

-

-

(1,000,000

)

Total comprehensive income

-

1,095,816

-

-

1,095,816

Balance at 31 October 2025

438,721

341,464

316,775

52,115

1,149,075

1.	STATUTORY INFORMATION

Acumen Financial Planning Limited is a private company, limited by shares , registered in Scotland. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover represents gross commission received and receivable together with invoiced sales, inclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with acquisition of various businesses,is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost of each asset less any residual value, over its estimated useful life.

Short Leasehold Improvements -over 5 years

Computer & Office equipment - 33% on cost and over 5 years

Taxation

Taxation for the year/period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Listed investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

31.10.25

31.10.24

£

£

Wages and salaries

4,188,936

4,031,741

Social security costs

482,019

415,295

Other pension costs

268,544

246,257

4,939,499

4,693,293

The average number of employees during the year was as follows:

31.10.25

31.10.24

Administration and support

63

60

Planners

18

19

81

79

31.10.25

31.10.24

£

£

Directors' remuneration

618,816

496,089

Directors' pension contributions to money purchase schemes

100,952

81,063

Information regarding the highest paid director is as follows:

31.10.25

31.10.24

£

£

Emoluments etc

168,762

144,787

Pension contributions to money purchase schemes

22,620

17,383

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.25

31.10.24

£

£

Depreciation - owned assets

48,099

47,908

Goodwill amortisation

80,016

80,016

Auditors' remuneration

17,580

22,580

5.	AMOUNTS WRITTEN OFF INVESTMENT

31.10.25

31.10.24

£

£

Loss on sale of investment

-

9,973

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.10.25

31.10.24

£

£

Loan

-

4,840

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.10.25

31.10.24

£

£

Current tax:

UK corporation tax

385,897

299,212

(Over)/under provision

-

(22,388

)

Total current tax

385,897

276,824

Deferred tax

2,597

1,743

Tax on profit

388,494

278,567

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.10.25

31.10.24

£

£

Profit before tax

1,484,310

1,207,915

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

371,078

301,979

Effects of:

Expenses not deductible for tax purposes

8,359

9,437

Income not taxable for tax purposes

(358

)

(757

)

Adjustments to tax charge in respect of previous periods

-

(22,388

)

Other timing differences

(131

)

(11,639

)

Amortization and depreciation not allowable

16,254

16,254

Group relief

(6,708

)

(14,319

)

Total tax charge

388,494

278,567

8.

DIVIDENDS

31.10.25

31.10.24

£

£

Interim

1,000,000

900,000

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 November 2024

and 31 October 2025

925,155

Amortisation

At 1 November 2024

773,931

Amortisation for year

80,016

At 31 October 2025

853,947

Net book value

At 31 October 2025

71,208

At 31 October 2024

151,224

10.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

& office

Improvements

equipment

Totals

£

£

£

Cost

At 1 November 2024

187,694

393,765

581,459

Additions

5,050

28,464

33,514

At 31 October 2025

192,744

422,229

614,973

Depreciation

At 1 November 2024

179,796

300,563

480,359

Charge for year

4,562

43,537

48,099

At 31 October 2025

184,358

344,100

528,458

Net book value

At 31 October 2025

8,386

78,129

86,515

At 31 October 2024

7,898

93,202

101,100

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Amounts owed by group undertakings

402,070

301,479

Accrued income

724,839

624,265

Prepayments

194,724

193,912

1,321,633

1,119,656

12.	CURRENT ASSET INVESTMENTS

31.10.25

31.10.24

£

£

Listed investments

246,694

218,538

Market value of listed investments at 31 October 2025 - £ 246,694 (2024 - £ 218,538 ).

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

74,121

120,601

Amounts owed to group undertakings

213,165

187,924

Tax

260,898

229,212

Social security and other taxes

124,610

111,269

Other creditors

49,379

46,168

Directors' loan accounts

244

-

Accrued expenses

145,849

139,586

868,266

834,760

14.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

314,898

317,214

Between one and five years

809,423

944,092

In more than five years

359,333

513,333

1,483,654

1,774,639

15.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

55,879

53,282

Deferred

tax

£

Balance at 1 November 2024

53,282

Provided during year

2,597

Balance at 31 October 2025

55,879

16.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

438,721

Ordinary

£1

438,721

438,721