ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging/(crediting):

Registered number: OC308682

JAMIESON CORPORATE FINANCE LLP

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

JAMIESON CORPORATE FINANCE LLP

INFORMATION

Designated Members	I Jamieson
	E C Jamieson
Members	S J Coventry
	T R W Burton
	J M Greenland
	A Cox
	J J Jones
	D J Kirkpatrick
	S R Maxwell
	W A Gayford (appointed 1 April 2025)

LLP registered number

OC308682

Registered office

Southwest House

11a Regent Street

London

SW1Y 4LR

Independent auditors

Blick Rothenberg Audit LLP

16 Great Queen Street

Covent Garden

London

WC1B 5AH

Bankers

Royal Bank of Scotland

London Threadneedle Street Branch

PO Box 412

62-63 Threadneedle Street

London

EC2R 8LA

Citibank

33 Canada Square

Canary Wharf

London

E14 5LB

Solicitors

Macfarlanes

10 Norwich Street

London

EC4A 1BD

JAMIESON CORPORATE FINANCE LLP

MEMBERS' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The members present their annual report together with the audited consolidated financial statements of Jamieson Corporate Finance LLP (the "LLP") and its subsidiary undertakings Jamieson CF Limited, Jamieson Corporate Finance US LLC, JCF US LLC and Jamieson GmbH (the "Group") for the year ended 31 March 2026.

During the year, the Group completed an internal reorganisation involving the incorporation of Jamieson CF Limited as a new holding company. The reorganisation was undertaken to support the Group's international growth and enhance operational and tax efficiency. As part of the restructuring, subsidiary investments were transferred to Jamieson CF Limited at cost and no goodwill arose.

Principal activities

The principal activity of the LLP and the Group is that of corporate finance advisory. The members intend to continue to develop the business.

The LLP is authorised and regulated by the Financial Conduct Authority ('FCA') to carry on investment business.

Designated Members

I Jamieson and E C Jamieson were designated members of the LLP throughout the period.

Policy regarding members' drawings and the subscription and repayment of members' capital

Members' capital and drawings are determined by the regulatory capital requirements of the FCA and any trading needs of the LLP. Members' capital can only be repaid if further capital is available to replace it.

Members' responsibilities statement

The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law, (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with 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). The members 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 LLP and the Group and of the profit or loss of the Group for that year.

In preparing these financial statements, the members are required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP and the Group's transactions and disclose with reasonable accuracy at any time the financial position of the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008). They are also responsible for safeguarding the assets of the LLP and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

JAMIESON CORPORATE FINANCE LLP

MEMBERS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Disclosure of information to auditors

Each of the persons who are members at the time when this members' report is approved has confirmed that:

∙so far as that member is aware, there is no relevant audit information of which the Group's auditors are unaware, and

∙that member has taken all the steps that ought to have been taken as a member in order to be aware of any relevant audit information and to establish that the Group's auditors are aware of that information.

Auditors

The auditors, Blick Rothenberg Audit LLP, have indicated their willingness to continue in office. The Designated members will propose a motion re-appointing the auditors at a meeting of the members.

This report was approved by the members and signed on their behalf by:

I Jamieson

Designated member

Date: 24 July 2026

Page 2

JAMIESON CORPORATE FINANCE LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAMIESON CORPORATE FINANCE LLP

FOR THE YEAR ENDED 31 MARCH 2026

Opinion

We have audited the consolidated financial statements of Jamieson Corporate Finance LLP (the 'LLP') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the consolidated statement of comprehensive income, the consolidated and LLP balance sheets, the consolidated and LLP reconciliations of members' interests, the consolidated statement of cash flows and the 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 Group's and of the LLP's affairs as at 31 March 2026 and of the Group's 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, as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 members' 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 Group's or the parent LLP'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 members 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 auditors' report thereon. The members are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and 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.

Page 3

JAMIESON CORPORATE FINANCE LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAMIESON CORPORATE FINANCE LLP (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006, as applied to limited liability partnerships, requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent LLP, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent LLP financial statements are not in agreement with the accounting records and returns; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of members

As explained more fully in the members' responsibilities statement set out on page 1, the members 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 members 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 members are responsible for assessing the Group's and the parent LLP'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 members either intend to liquidate the Group or the parent LLP 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 an auditors' 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 Group 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:

∙the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

∙we identified the laws and regulations applicable to the Group and the LLP through discussions with designated members and other management, and from our commercial knowledge and experience of the sector;

∙we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Group and the LLP, including the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the applicable rules of the Financial Conduct Authority, United Kingdom taxation laws and anti-money laundering legislation;

∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the Group’s and the LLP’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

Page 4

JAMIESON CORPORATE FINANCE LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAMIESON CORPORATE FINANCE LLP (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

To address the risk of fraud through management bias and override of controls, we:

∙performed analytical procedures to identify any unusual or unexpected relationships;

∙tested a sample of journal entries to identify unusual transactions;

∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

∙investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

∙agreeing financial statement disclosures to underlying supporting documentation;

∙reading the minutes of meetings of those charged with governance;

∙enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with relevant regulators.

An additional focus area was the risk of material misstatements linked to revenue recognition. Our procedures to respond to the risk identified included the following:

∙documenting our understanding of the internal systems and design and implementation of controls related to revenue recognition;

∙agreeing a sample of transactions to advisory engagement letters and agreeing the receipt to the bank statements;

∙performing cut off testing to ensure sales around the year end are recognised in the correct period.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non¬compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the designated members and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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 auditors' report.

Page 5

JAMIESON CORPORATE FINANCE LLP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF JAMIESON CORPORATE FINANCE LLP (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied by Part 12 of The Limited Liability Partnerships (Accounts and Audit) (Applications of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an auditors' 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 LLP and the LLP's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Howe (senior statutory auditor)

for and on behalf of

Blick Rothenberg Audit LLP

Chartered Accountants
Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC1B 5AH

Date: 24 July 2026

Page 6

JAMIESON CORPORATE FINANCE LLP

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH 2026

	2026	2025
Note	£	£


Turnover	3	26,513,589	23,683,877
Cost of sales		(319,968)	(156,633)
Gross profit		26,193,621	23,527,244
Administrative expenses		(12,699,693)	(10,759,550)
Operating profit	4	13,493,928	12,767,694
Interest receivable and similar income		222,265	290,930
Interest payable and similar expenses		(185)	-
Profit before tax		13,716,008	13,058,624
Tax on profit	8	(53,552)	(482,653)
Profit before members' remuneration and profit shares available for discretionary division among members		13,662,456	12,575,971

Other comprehensive income for the year
Foreign exchange differences on translation of net assets of overseas subsidiary undertakings	(92,844)	(158,964)

Total comprehensive income for the year	13,569,612	12,417,007

Profit for the year attributable to:
Owners of the LLP		13,662,456	12,575,971

The notes on pages 16 to 26 form part of these financial statements.

Page 7

REGISTERED NUMBER:OC308682

JAMIESON CORPORATE FINANCE LLP

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible fixed assets	9		63,992		61,166
Investments	10		93,600		93,539
			157,592		154,705
Current assets
Debtors: amounts falling due within one year	11	4,950,190		4,221,465
Current Asset Investment	12	1,000,000		-
Cash at bank and in hand		13,341,910		14,589,075
		19,292,100		18,810,540
Creditors: amounts falling due within one year	13	(5,321,823)		(5,928,604)
Net current assets			13,970,277		12,881,936
Total assets less current liabilities			14,127,869		13,036,641
Net assets			14,127,869		13,036,641

Capital and reserves
Loans and other debts due to members within one year
Other amounts		616,616		-
		616,616		-
Members' other interests
Members' capital classified as equity	265,001		260,001
Other reserves classified as equity	13,246,252		12,776,640
		13,511,253		13,036,641
		14,127,869		13,036,641

Total members' interests
Loans and other debts due to members	616,616	-
Members' other interests	14,127,869	13,036,641
	14,744,485	13,036,641

Page 8

REGISTERED NUMBER:OC308682

JAMIESON CORPORATE FINANCE LLP

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 24 July 2026.

I Jamieson

Designated member

The notes on pages 16 to 26 form part of these financial statements.

Page 9

REGISTERED NUMBER:OC308682

JAMIESON CORPORATE FINANCE LLP

LLP BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible fixed assets	9		23,311		23,967
Investments	10		23,078		117,967
			46,389		141,934
Current assets
Debtors: amounts falling due within one year	11	4,449,792		3,025,536
Current asset investment	12	1,000,000		-
Cash at bank and in hand		7,743,781		8,510,840
		13,193,573		11,536,376
Creditors: amounts falling due within one year	13	(3,711,581)		(2,910,024)
Net current assets			9,481,992		8,626,352
Total assets less current liabilities			9,528,381		8,768,286



Net assets			9,528,381		8,768,286

Represented by:
Loans and other debts due to members within one year
Other amounts		616,616		-
		616,616		-
Members' other interests
Members' capital classified as equity		265,001		260,001
Other reserves classified as equity brought forward	8,508,285		7,713,945
Profit for the year available for discretionary division among members	13,238,479		11,592,246
Other movements in other reserves	(13,100,000)		(10,797,906)
Other reserves classified as equity carried forward		8,646,764		8,508,285
		8,911,765		8,768,286

Total members' interests
Loans and other debts due to members	616,616	-
Members' other interests	8,911,765	8,768,286

Page 10

REGISTERED NUMBER:OC308682

JAMIESON CORPORATE FINANCE LLP

LLP BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

			9,528,381		8,768,286

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 24 July 2026.

I Jamieson

Designated member

The notes on pages 16 to 26 form part of these financial statements.

Page 11

JAMIESON CORPORATE FINANCE LLP

CONSOLIDATED RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026


	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total
	£	£	£	£	£	£
Amounts due to members				123,759	123,759
Amounts due from members				-	-
Balance at 1 April 2024	245,001	11,157,539	11,402,540	123,759	123,759	11,526,299
Profit for the year available for discretionary division among members	-	12,575,971	12,575,971	-	-	12,575,971
Members' interests after profit for the year	245,001	23,733,510	23,978,511	123,759	123,759	24,102,270
Other division of profits	-	(10,797,906)	(10,797,906)	10,797,906	10,797,906	-
Movement in reserves	-	(158,964)	(158,964)	-	-	(158,964)
Amounts introduced by members	15,000	-	15,000	-	-	15,000
Drawings on account and distribution of profit	-	-	-	(10,921,665)	(10,921,665)	(10,921,665)
Amounts due to members				-	-
Amounts due from members				-	-
Balance at 31 March 2025	260,001	12,776,640	13,036,641	-	-	13,036,641
Profit for the year available for discretionary division among members	-	13,662,456	13,662,456	-	-	13,662,456
Members' interests after profit for the year	260,001	26,439,096	26,699,097	-	-	26,699,097
Other division of profits	-	(13,100,000)	(13,100,000)	13,100,000	13,100,000	-
Foreign Exchange	-	(92,844)	(92,844)	-	-	(92,844)
Amounts introduced by members	5,000	-	5,000	-	-	5,000
Drawings on account and distribution of profit	-	-	-	(12,483,384)	(12,483,384)	(12,483,384)
Amounts due to members				616,616	616,616
Amounts due from members				-	-
Balance at 31 March 2026	265,001	13,246,252	13,511,253	616,616	616,616	14,127,869

Page 12

JAMIESON CORPORATE FINANCE LLP

LLP RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026


	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total	Total
	£	£	£	£	£	£
Amounts due to members				123,759	123,759
Amounts due from members				-	-
Balance at 1 April 2024	245,001	7,713,945	7,958,946	123,759	123,759	8,082,705
Profit for the year available for discretionary division among members	-	11,592,246	11,592,246	-	-	11,592,246
Members' interests after profit for the year	245,001	19,306,191	19,551,192	123,759	123,759	19,674,951
Other division of profits	-	(10,797,906)	(10,797,906)	10,797,906	10,797,906	-
Amounts introduced by members	15,000	-	15,000	-	-	15,000
Drawings on account and distribution of profit	-	-	-	(10,921,665)	(10,921,665)	(10,921,665)
Amounts due to members				-	-
Amounts due from members				-	-
Balance at 31 March 2025	260,001	8,508,285	8,768,286	-	-	8,768,286
Profit for the year available for discretionary division among members	-	13,238,479	13,238,479	-	-	13,238,479
Members' interests after profit for the year	260,001	21,746,764	22,006,765	-	-	22,006,765
Other division of profits	-	(13,100,000)	(13,100,000)	13,100,000	13,100,000	-
Amounts introduced by members	5,000	-	5,000	-	-	5,000
Drawings on account and distribution of profit	-	-	-	(12,483,384)	(12,483,384)	(12,483,384)
Amounts due to members				616,616	616,616
Amounts due from members				-	-
Balance at 31 March 2026	265,001	8,646,764	8,911,765	616,616	616,616	9,528,381

Page 13

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

LLP RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2026

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 14

JAMIESON CORPORATE FINANCE LLP

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2026

			2026	2025
			£	£

Cash flows from operating activities
Profit for the financial year	13,662,456	12,575,971
Adjustments for:
Depreciation of tangible fixed assets	53,935	46,863
Interest paid	185	-
Interest received	(222,265)	(290,930)
Taxation (credit)/charge	53,552	482,653
(Increase)/decrease in debtors	(626,652)	271,660
(Increase) in amounts owed by group undertakings	(102,073)	(4,424)
(Decrease)/increase in creditors	(179,030)	857,299
Corporation tax (paid)	(482,924)	(155,236)
Amounts withdrawn by members	(12,483,384)	(10,921,665)
Net cash (used)/generated from operating activities	(326,200)	2,862,191

Cash flows from investing activities
Purchase of tangible fixed assets	(55,140)	(42,173)
Purchase of short term investment	(1,000,000)	-
Purchase of fixed asset investments	(61)	(47,162)
Interest received	222,265	290,930
Net cash from investing activities	(832,936)	201,595
Cash flows from financing activities
Interest paid	(185)	-
Members' capital contributed	5,000	15,000
Net cash used in financing activities	4,815	15,000
Net (decrease)/increase in cash and cash equivalents	(1,154,321)	3,078,786
Cash and cash equivalents at beginning of year	14,589,075	11,669,253
Foreign exchange gains and losses	(92,844)	(158,964)
Cash and cash equivalents at the end of year	13,341,910	14,589,075

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	13,341,910	14,589,075
	13,341,910	14,589,075

The notes on pages 16 to 26 form part of these financial statements.

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JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Jamieson Corporate Finance LLP is a limited liability partnership incorporated in the UK. The LLP's registered address is Southwest House, 11a Regent Street, London, SW1Y 4LR.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" published in December 2021.

As a qualifying entity under Financial Reporting Standard 102, the parent Limited Liability Partnership has taken advantage of the exemptions from preparing a cash flow statement and certain disclosures around financial instruments on the basis that equivalent information is provided on a consolidated basis in these financial statements.

As permitted by section 408(3) of the Companies Act 2006, as applied to limited liability partnerships, the parent LLP's individual profit and loss account has not been included in these financial statements.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP and Group's accounting policies. The designated members do not consider there to be any key accounting estimates or judgements that materially affect the financial statements.

2.2

Basis of consolidation

The consolidated financial statements present the results of the LLP and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

2.3

Going concern

The LLP has satisfactory capital position and as a consequence the members believe that the LLP is well placed to manage its business risks successfully and has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.4

Revenue

Revenue comprises amounts recognised by the Group in respect of services supplied, exclusive of value added tax. Fees which are contingent on certain events occurring are only recognised when the transaction completes. Other fees are recognised over the period in which the services are provided.

Page 16

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	over the life of the lease
Fixtures and fittings	-	over 4-7 years
Office equipment	-	over 1-4 years

2.6

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.7

Valuation of investments

Investments in subsidiaries are valued at cost less provision for permanent diminution in value. Other fixed asset investments are measured at fair value.

2.8

Financial instruments

The Group does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The Group does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

The Group's cash holdings comprise on demand balances only. All cash is held with banks with strong external credit ratings.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the Group only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Page 17

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

2.10

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

2.11

Members' remuneration and profit allocation

A members' discretionary share in the profit or the loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within "other reserves".

2.12

Taxation

The taxation payable on profits of the LLP is the personal liability of the members during the year.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the LLP and the Group operate and generate income. The tax charge recorded in the income statement relates to tax payable in foreign jurisdictions in respect of profits generated by trading subsidiaries.

Page 18

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Turnover

The turnover and operating profit for the year was derived from the Group's principal continuing activity.

Analysis of turnover by region of origination:

					2026	2025
					£	£

United Kingdom	20,682,142	16,886,737
Rest of Europe	2,005,202	2,405,970
Rest of the world	3,826,245	4,391,170
	26,513,589	23,683,877

Depreciation of tangible fixed assets	53,935	46,863
Exchange differences	8,102	22,409
Operating lease rentals - land and buildings	492,465	447,570
Fees payable to the Group's auditor for the audit of the Group's annual financial statements	31,925	30,000
Fees payable to the Group's auditor for non audit services	14,200	17,775

Page 19

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Employees
	Staff costs were as follows:

Group	Group	LLP	LLP
2026	2025	2026	2025
£	£	£	£


Wages and salaries	7,216,682	7,118,801	3,947,815	3,223,061
Social security costs	804,004	613,573	604,119	400,665
Cost of defined contribution scheme	27,089	24,329	27,089	24,329
	8,047,775	7,756,703	4,579,023	3,648,055

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:

	Group	Group	LLP	LLP
	2026	2025	2026	2025
	No.	No.	No.	No.

Number of employees	53	49	25	21

6.	Information in relation to members
		2026	2025
		Number	Number


The average number of members during the year was	10	9

					2026	2025
					£	£

	The amount of profit attributable to the member with the largest entitlement was	2,500,000	2,500,000

7.	Interest payable and similar expenses
		2026	2025
		£	£

	Bank interest payable	185	-
		185	-

Page 20

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026


Foreign tax
Foreign tax on income for the year	53,552	482,653
Total current tax	53,552	482,653

9.	Tangible fixed assets
	Group

	Leasehold improvements	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2025	188,048	98,736	362,878	649,662
Additions	-	1,790	53,350	55,140
Exchange adjustments	-	-	518	518
At 31 March 2026	188,048	100,526	416,746	705,320
Depreciation
At 1 April 2025	180,643	91,432	316,421	588,496
Charge for the year	5,228	5,342	43,365	53,935
Exchange adjustments	-	-	(1,103)	(1,103)
At 31 March 2026	185,871	96,774	358,683	641,328
Net book value
At 31 March 2026	2,177	3,752	58,063	63,992
At 31 March 2025	7,405	7,304	46,457	61,166

Page 21

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

9.Tangible fixed assets (continued)

	LLP

	Leasehold improvements	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2025	188,048	87,880	297,223	573,151
Additions	-	1,790	43,492	45,282
At 31 March 2026	188,048	89,670	340,715	618,433
Depreciation
At 1 April 2025	180,643	80,576	287,965	549,184
Charge for the year	5,228	5,342	35,368	45,938
At 31 March 2026	185,871	85,918	323,333	595,122
Net book value
At 31 March 2026	2,177	3,752	17,382	23,311
At 31 March 2025	7,405	7,304	9,258	23,967

Page 22

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

10.	Fixed asset investments
	Group

	Investments in subsidiary companies	Other fixed asset investments	Total
	£	£	£
Cost or valuation
At 1 April 2025	70,462	23,077	93,539
Additions	61	-	61
At 31 March 2026	70,523	23,077	93,600

	LLP

	Investments in subsidiary companies	Other fixed asset investments	Total
	£	£	£
Cost or valuation
At 1 April 2025	94,890	23,077	117,967
Additions	1	-	1
Transfer to Jamieson CF Limited's investments in subsidiary companies	(94,890)	-	(94,890)
At 31 March 2026	1	23,077	23,078

As at 31 March 2026, other fixed asset investments comprised an investment in preference share of £23,077. The investment in preference share is measured at fair value. The transfer of investments in subsidiary undertakings during the year relates to the group reorganisation following the incorporation of Jamieson CF Limited as a new holding company (being a 100% owned subsidary of the LLP). The subsidiary investments were transferred to Jamieson CF Limited at cost and no gain or goodwill arose on the transaction.

Page 23

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Subsidiary undertakings
The following were subsidiary undertakings of the LLP:
Name	Registered office	Principal activity	Holding

JCF US LLC	USA	Non-trading	100%
Jamieson Corporate Finance US LLC (indirectly owned via JCF US LLC)	USA	Corporate Finance	100%
Jamieson GmbH	Germany	Advisory	100%
Jamieson & Basabe, SL	Spain	Advisory	100%
JCF Australia PTY Ltd	Australia	Advisory	100%
JCF Singapore PTE Ltd	Singapore	Advisory	100%
JCFSAS Ltd	United Kingdom	Advisory	100%
Jamieson CF Limited	United Kingdom	Non-trading	100%

The registered office address of Jamieson GmbH is Freiherr-vom-Stein-Strasse 7, 60323 Frankfurt am Main, Frankfurt.

The registered office address of JCF US LLC and Jamieson Corporate Finance US LLC is 410 Park Avenue, New York NY 10022, USA.

The registered office address of Jamieson & Basabe, SL is C/Principe de Vergara, 63, 4d Madrid 28006, Spain.

The registered office address of JCF Australia PTY Ltd is Suite 20'01 Level 20, 133 Castlereagh Street, Sydney, NSW 2000 Australia.

The registered office address of JCF Singapore PTE Ltd is 9 Raffles Place, #18-21 Republic Plaza, 048619 Singapore.

The registered office address of JCFSAS Ltd is Southwest House, 11A Regent St, London, United Kingdom SW1Y 4LR.

The registered office address of Jamieson CF Limited is Southwest House, 11A Regent St, London, United Kingdom SW1Y 4LR.

During the year, Jamieson CF Limited, JCF Australia PTY Ltd, JCF Singapore PTE Ltd and JCFSAS Ltd were incorporated. As part of the group reorganisation, the LLP's previous investments in subsidiary undertakings, including Jamieson GmbH and Jamieson & Basabe, S.L., were transferred to Jamieson CF Limited, the group's newly incorporated limited company. Jamieson CF Limited is a 100% owned subsidiary of the LLP and acts as the holding company for the subsidiaries listed above.

Transactions relateing to Jamieson & Basabe, SL, JCF Australia PTY Ltd, JCF Singapore PTE Ltd and JCFSAS Ltd have not been included in the consolidated financial statements as they are not material to the Group. The investment cost is included within other fixed asset investments.

Page 24

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

11.

Debtors

Group	Group	LLP	LLP
2026	2025	2026	2025
£	£	£	£


Trade debtors	4,344,186	3,847,758	3,767,877	2,637,499
Amounts owed by group undertakings	106,497	4,424	352,141	160,036
Other debtors	300,041	157,543	155,000	39,520
Prepayments and accrued income	199,466	211,740	174,774	188,481
	4,950,190	4,221,465	4,449,792	3,025,536

Trade debtors, accrued income and other debtors (excluding prepayments) constitute the Group's only
financial assets measured at amortised cost. The aggregate carrying value was £4,757,650 (2025:
£4,060,232).

12.	Current asset investment
		Group	Group	LLP	LLP
		2026	2025	2026	2025
		£	£	£	£

Unlisted investments (liquid)	1,000,000	-	1,000,000	-
	1,000,000	-	1,000,000	-

Current asset investment comprises fixed-term deposits held with UK banking institutions. These deposits are not classified as cash equivalents because their original maturity from the date of acquisition exceeded three months. At 31 March 2026, the balance comprised a £1,000,000 fixed-term deposit maturing on 12 August 2026.

13.	Creditors: Amounts falling due within one year
		Group	Group	LLP	LLP
		2026	2025	2026	2025
		£	£	£	£

Trade creditors	425,127	190,785	306,676	154,581
Overseas corporation tax	171,824	601,196	-	-
Other taxation and social security	722,636	772,997	599,965	612,609
Other creditors	168,241	216,273	168,115	216,154
Accruals and deferred income	3,833,995	4,147,353	2,636,825	1,926,680
	5,321,823	5,928,604	3,711,581	2,910,024

The Group's financial liabilities measured at amortised cost comprise the trade creditors, taxation, other creditors and accruals. The aggregate carrying value of these liabilities is £5,321,823 (2025: £5,928,604).

Page 25

JAMIESON CORPORATE FINANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

14.	Analysis of net debt (Group)

		At 1 April 2025	Arising from cash flows	Other non-cash changes	At 31 March 2026
		£	£	£	£

Cash at bank and in hand	14,589,075	(1,154,321)	(92,844)	13,341,910
Loans and other debts due to members
Other amounts due to members	-	12,483,384	(13,100,000)	(616,616)
	14,589,075	11,329,063	(13,192,844)	12,725,294

15.	Operating lease commitments
	At 31 March 2026 the Group and the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group	LLP	LLP
		2026	2025	2026	2025
		£	£	£	£

Not later than 1 year	559,985	561,011	348,764	348,764
Later than 1 year and not later than 5 years	1,256,522	1,835,043	697,527	1,046,291
	1,816,507	2,396,054	1,046,291	1,395,055

16.	Controlling party

The ultimate controlling party is I Jamieson.

Page 26