REGISTERED NUMBER: 04164888 (England and Wales)

Financial Statements for the Year Ended 30 June 2026

for

S G Wealth Management Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

42,625

31,519

42,625

31,519

Current assets

Debtors

7

211,771

992,105

Cash at bank and in hand

1,174,420

961,607

1,386,191

1,953,712

Creditors

Amounts falling due within one year

8

(485,869

)

(481,865

)

Net current assets

900,322

1,471,847

Total assets less current liabilities

942,947

1,503,366

Provisions for liabilities

10

(7,217

)

-

Net assets

935,730

1,503,366

Capital and reserves

Called up share capital

11

18,478

18,478

Share premium

12

113,414

113,414

Retained earnings

12

803,838

1,371,474

935,730

1,503,366

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 27 October 2026 and were signed on its behalf by:

Mr H J Gaskin - Director

1.	Statutory information

S G Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04164888

Registered office:

53-57 St Martin's Lane

Norwich

Norfolk

NR3 3SA

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

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accrued income has been estimated by reference to fees received in the prior year, adjusted to reflect the expected annual fee for the current year. This amount is time apportioned on a time basis to reflect the stage in the year at which fees are earned and charged.

Depreciation is reviewed by management using the useful economic life of assets stated within the financial statements and comparative sources of information to assess the carrying value stated at the balance sheet date.

Deferred tax where management form expectations of future tax rates based on the review of legislation and political changes. Values of tax sensitive items are reviewed and considered together with enhanced tax reliefs obtained.

Holiday pay accrual has been estimated using employee holiday logs showing remaining days to take during the following period. Using each individual staff members salary management determined the monetary value of these remaining days.

Turnover

Turnover is measured at fair value of the consideration received excluding discounts, rebates, value added tax and other taxes for services rendered.

Services and turnover received or receivable are segregated into one of two types; Fees and Commission.

Fee income is recognised as services are provided to clients and the company becomes entitled to consideration. Amounts invoiced in advance of the related service period are recognised as deferred income and released to turnover over the period to which the services relate. Accrued income is recognised for services provided but not yet invoiced at the reporting date.

Commission income is recognised at agreed rates for products recommended and external services used. Income is recognised when commission payouts fall due on a contract by contract basis.

Intangible assets

Intangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated amortised and impairment losses. Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Goodwill - 20% on cost

Tangible fixed assets

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Office/computer equipment and furniture

- 25% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 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.

Cash and cash equivalents

Cash and cash equivalents in the cash flow statement comprise of cash in bank and cash in hand

4.	Employees and directors

The average number of employees during the year was 40 (2025 - 39 ) .

5.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 July 2025

and 30 June 2026

44,763

Amortisation

At 1 July 2025

and 30 June 2026

44,763

Net book value

At 30 June 2026

-

At 30 June 2025

-

6.	Tangible fixed assets

Office/computer

equipment

and

furniture

£

Cost

At 1 July 2025

87,244

Additions

28,312

At 30 June 2026

115,556

Depreciation

At 1 July 2025

55,725

Charge for year

17,206

At 30 June 2026

72,931

Net book value

At 30 June 2026

42,625

At 30 June 2025

31,519

7.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

110,688

86,165

Other debtors

-

717,987

Deferred tax asset

Accelerated capital allowances

-

1,340

Prepayments

28,380

109,048

Accrued income

72,703

77,565

211,771

992,105

8.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

6,545

23,886

Tax

132,057

137,346

Social security and other taxes

109,098

87,133

VAT

21,563

21,637

Other creditors

213

24,135

Deferred income

46,744

18,385

Accrued expenses

169,649

169,343

485,869

481,865

9.	Leasing agreements

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

2026

2025

£

£

Within one year

68,500

68,500

Between one and five years

155,667

224,167

224,167

292,667

10.	Provisions for liabilities

2026

£

Deferred tax

Accelerated capital allowances

7,217

Deferred tax

£

Balance at 1 July 2025

(1,340

)

Provided during year

8,557

Balance at 30 June 2026

7,217

11.	Called up share capital

Allotted, issued and fully paid

Number:

Class:

2026

2025

£

£

7,162

Ordinary A of £1

7,162

7,162

7,162

Ordinary B of £1

7,162

7,162

1,847

Ordinary C of £1

1,847

1,847

2,307

Ordinary D of £1

2,307

2,307

18,478

18,478

12.

Reserves

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2025

1,371,474

113,414

1,484,888

Profit for the year

438,952

438,952

Dividends

(1,006,588

)

(1,006,588

)

At 30 June 2026

803,838

113,414

917,252

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

13.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Henry Pettitt FCA (Senior Statutory Auditor)

on behalf of Statutory Auditor Stephenson Smart (East Anglia) Limited

14.	Related party disclosures

During the year the company paid rent of £56,000 (2025 - £56,000) in respect of property owned by a pension scheme controlled by one of it's former directors.

The company has taken advantage of the exemption provided by FRS 102 paragraph 33.1A from disclosing related party transactions with wholly owned subsidiaries and fellow wholly owned group entities. Accordingly, transactions with 100% group companies have not been disclosed.

15.	Ultimate controlling party

The controlling party is SGW Group Holdings Ltd.

The ultimate controlling party is SG Hold Co Ltd.

At 30 June 2025, SGW Group Holdings Ltd was acquired by SG Hold Co Ltd by means of a management buyout. SG Hold Co Ltd was incorporated on 5 February 2025 with the sole intent of acquiring SGW Group Holdings Ltd. The directors are consistent throughout the three companies.