{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ajbellplc": "http://ajbellplc.com/xbrl/2025", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://ajbellplc.com/xbrl/2025/213800VNKA7DPWXWJJ36-2025-09-30.xsd" ] }, "facts": { "fact-1": { "value": "AJ Bell plc (the \u2018Company\u2019) and its subsidiaries (together the \u2018Group\u2019) provide an investment platform operating in the advised and D2C markets.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-7": { "value": "317847000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-8": { "value": "269435000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-9": { "value": "185890000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-10": { "value": "162157000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-11": { "value": "131957000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-12": { "value": "107278000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-13": { "value": "6800000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-14": { "value": "6909000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentIncome", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-15": { "value": "931000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-16": { "value": "904000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-17": { "value": "137826000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-18": { "value": "113283000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-19": { "value": "32705000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-20": { "value": "28988000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-21": { "value": "105121000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-22": { "value": "84295000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-23": { "value": "0.2568", "decimals": 4, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-24": { "value": "0.2046", "decimals": 4, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-25": { "value": "0.2556", "decimals": 4, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-26": { "value": "0.2034", "decimals": 4, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-27": { "value": "6991000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-28": { "value": "6991000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Goodwill", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-29": { "value": "7994000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-30": { "value": "7540000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-31": { "value": "3722000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-32": { "value": "3777000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-33": { "value": "10557000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-34": { "value": "11762000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-35": { "value": "5450000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-36": { "value": "1546000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-37": { "value": "34714000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-38": { "value": "31616000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-39": { "value": "68450000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-40": { "value": "59545000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-41": { "value": "10090000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-42": { "value": "1069000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-43": { "value": "188192000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-44": { "value": "196651000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-45": { "value": "266732000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-46": { "value": "257265000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-47": { "value": "1634000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-48": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-49": { "value": "303080000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-50": { "value": "288881000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-51": { "value": "64521000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-52": { "value": "61921000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-53": { "value": "2216000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-54": { "value": "1453000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-55": { "value": "6410000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-56": { "value": "7421000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-57": { "value": "73147000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-58": { "value": "70795000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-59": { "value": "9842000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-60": { "value": "11724000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-61": { "value": "2639000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-62": { "value": "2372000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-63": { "value": "12481000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-64": { "value": "14096000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-65": { "value": "85628000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-66": { "value": "84891000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-67": { "value": "217452000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-68": { "value": "203990000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-69": { "value": "50000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-70": { "value": "52000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-71": { "value": "9138000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-72": { "value": "8963000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-73": { "value": "926000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-74": { "value": "2049000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-75": { "value": "209190000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-76": { "value": "197024000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-77": { "value": "217452000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-78": { "value": "203990000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-2": { "value": "The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and signed on its behalf by: Peter Birch Chief Financial Officer AJ Bell plc ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-79": { "value": "52000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-80": { "value": "8963000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-81": { "value": "197024000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-82": { "value": "-2049000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-83": { "value": "203990000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-84": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-85": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-86": { "value": "105121000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-87": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-88": { "value": "105121000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-89": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-90": { "value": "175000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-91": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-92": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-93": { "value": "175000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-94": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-95": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-96": { "value": "52288000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-97": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-98": { "value": "52288000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-99": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-100": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-101": { "value": "4174000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-102": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-103": { "value": "4174000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-104": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-105": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-106": { "value": "-714000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-107": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-108": { "value": "-714000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-109": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-110": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-111": { "value": "178000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-112": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-113": { "value": "178000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-114": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferToEmployees", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-115": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferToEmployees", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-116": { "value": "-1123000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferToEmployees", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-117": { "value": "1123000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferToEmployees", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-118": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferToEmployees", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-119": { "value": "2000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-120": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-121": { "value": "44610000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-122": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-123": { "value": "44612000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-124": { "value": "-2000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-125": { "value": "175000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-126": { "value": "-92955000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-127": { "value": "1123000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-128": { "value": "-91659000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-129": { "value": "50000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-130": { "value": "9138000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-131": { "value": "209190000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-132": { "value": "-926000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-133": { "value": "217452000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-134": { "value": "52000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-135": { "value": "8963000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-136": { "value": "159399000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-137": { "value": "-2377000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-138": { "value": "166037000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-139": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-140": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-141": { "value": "84295000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-142": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-143": { "value": "84295000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-144": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-145": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-146": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-147": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-148": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-149": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-150": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-151": { "value": "47416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-152": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-153": { "value": "47416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaid", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-154": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-155": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-156": { "value": "567000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-157": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-158": { "value": "567000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-159": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-160": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-161": { "value": "-498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-162": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-163": { "value": "-498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-164": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-165": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-166": { "value": "9000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-167": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-168": { "value": "9000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:TaxReliefOnExerciseOfShareOptions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-169": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferRelatingToEIP", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-170": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferRelatingToEIP", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-171": { "value": "-328000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferRelatingToEIP", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-172": { "value": "328000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferRelatingToEIP", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-173": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:ShareTransferRelatingToEIP", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-174": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-175": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-176": { "value": "-46670000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-177": { "value": "328000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-178": { "value": "-46342000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-179": { "value": "52000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:GBP" } }, "fact-180": { "value": "8963000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:GBP" } }, "fact-181": { "value": "197024000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:GBP" } }, "fact-182": { "value": "-2049000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:GBP" } }, "fact-183": { "value": "203990000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-184": { "value": "105121000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-185": { "value": "84295000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-186": { "value": "6800000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:AdjustmentsForInvestmentIncome", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-187": { "value": "6909000.0", "decimals": -3, "dimensions": { "concept": "ajbellplc:AdjustmentsForInvestmentIncome", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-188": { "value": "931000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-189": { "value": "904000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-190": { "value": "32705000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-191": { "value": "28988000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-192": { "value": "4080000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-193": { "value": "3432000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-194": { "value": "4100000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-195": { "value": "1502000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-196": { "value": "-1011000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-197": { "value": "6061000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-198": { "value": "-37000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-199": { "value": "-340000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-200": { "value": "-10539000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-201": { "value": "-1044000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-202": { "value": "2600000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-203": { "value": "9484000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-204": { "value": "131224000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-205": { "value": "127053000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-206": { "value": "44739000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-207": { "value": "30763000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-208": { "value": "86485000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-209": { "value": "96290000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-210": { "value": "1196000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-211": { "value": "1473000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-212": { "value": "1240000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-213": { "value": "1476000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-214": { "value": "6800000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-215": { "value": "6909000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-216": { "value": "4364000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-217": { "value": "3960000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-218": { "value": "1654000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-219": { "value": "1583000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-220": { "value": "931000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-221": { "value": "904000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-222": { "value": "175000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-223": { "value": "0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-224": { "value": "44610000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-225": { "value": "-0.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-226": { "value": "52288000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-227": { "value": "47416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-228": { "value": "-99308000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-229": { "value": "-49903000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-230": { "value": "-8459000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-231": { "value": "50347000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-232": { "value": "196651000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-233": { "value": "146304000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-234": { "value": "188192000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-235": { "value": "196651000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-239": { "value": "
1 General information
AJ Bell plc (the \u2018Company\u2019) is the Parent Company of the AJ Bell group of companies (together the
\u2018Group\u2019). The Group provides investment administration, dealing and custody services. The nature
of the Group\u2019s operations and its principal activities are set out in the Strategic report and the
Directors\u2019 report.
The Company is a public limited company which is listed on the Main Market of the London
Stock Exchange and incorporated and domiciled in the United Kingdom. The Company\u2019s number
is 04503206 and the registered office is 4 Exchange Quay, Salford Quays, Manchester, M5 3EE.
A list of investments in subsidiaries, including the name, country of incorporation, registered office,
and proportion of ownership is given in note 6 of the Company\u2019s separate financial statements.
The consolidated financial statements were approved by the Board on 3 December 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-3": { "value": "AJ Bell plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-236": { "value": "AJ Bell plc", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-4": { "value": "public limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-5": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-237": { "value": "United Kingdom", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-6": { "value": "4 Exchange Quay, Salford Quays, Manchester, M5 3EE", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-238": { "value": "
2 Material accounting policies
Basis of accounting
The consolidated financial statements of AJ Bell plc have been prepared in accordance with
UK-adopted international accounting standards and the requirements of the Companies Act 2006
as applicable to companies reporting under those standards.
The financial statements are prepared on the historical cost basis and prepared on a going concern
basis. They are presented in sterling, which is the currency of the primary economic environment in
which the Group operates, rounded to the nearest thousand.
The accounting policies have been applied consistently to all periods presented in these financial
statements and by all Group entities, unless otherwise stated.
Changes to International Reporting Standards
Interpretations and standards which became effective during the year
The following amendments and interpretations became effective for accounting periods starting
on or after 1 January 2024. Their adoption has not had any significant impact on the Group.
Effective from
IAS 1
Non-current Liabilities with Covenants (Amendments)
1 January 2024
IAS 1
Classification of Liabilities as Current or Non-current
1 January 2024
(Amendments)
IAS 7 / IFRS 7
Supplier Finance Arrangements (Amendments)
1 January 2024
IFRS 16
Lease Liability in a Sale and Leaseback (Amendments)
1 January 2024
Interpretations and standards in issue but not yet effective
The Group has not early adopted any other standard, interpretation or amendment that has been
issued but is not yet effective.
IFRS 18 Presentation and Disclosures in Financial Statements was issued in April 2024 and is effective
from periods beginning on or after 1 January 2027. Early application is permitted and comparatives
will require restatement.
The standard will replace IAS 1 Presentation of Financial Statements and although it will not change
how items are recognised and measured, the standard brings a focus on the income statement and
reporting of financial performance. Income and expenses are classified into three new defined
categories, \u2018operating\u2019, \u2018investing\u2019 and \u2018financing\u2019, and two new subtotals, \u2018operating profit and loss\u2019
and \u2018profit or loss before financing and income tax\u2019. The standard introduces new disclosures of
management defined performance measures and enhanced general requirements on aggregation
and disaggregation.
The impact of the standard on the Group is currently being assessed and it is not yet practicable
to quantify the effect of IFRS 18 on these consolidated financial statements, however there is no
impact on presentation for the Group in the current year given the effective date. The standard
is applicable to the Group from FY28.
Basis of consolidation
The consolidated financial statements incorporate the financial statements of the Company and
entities controlled by the Company (its subsidiaries) made up to 30 September each year. The Group
controls an entity when it is exposed to, or it has rights to variable returns from its involvement with
the entity and has the ability to affect those returns through its power over the entity. The Group
reassesses whether it controls an entity if facts and circumstances indicate there are changes to one
or more elements of control. The results of a subsidiary undertaking are included in the consolidated
financial statements from the date the control commences until the date that control ceases.
The acquisition method of accounting is used to account for the acquisition of subsidiaries.
Acquisition-related costs are expensed as incurred in the income statement, except if related to the
issue of debt or equity securities. Identifiable assets acquired and liabilities and contingent liabilities
assumed in the business combination are measured initially at their fair values at the acquisition
date. The excess of the cost of acquisition over the fair value of the Group\u2019s share of the identifiable
net assets acquired is recorded as goodwill. If this is less than the fair value of the Group\u2019s share of
the identifiable net assets of the subsidiary acquired, the difference is taken immediately to the
income statement.
All intercompany transactions, balances, income, and expenses are eliminated on consolidation.
2.1 Going concern
The Group\u2019s business activities, together with its financial position and the factors likely to affect
its future development and performance are set out in the Strategic report on pages 1 to 68 and
the Directors\u2019 report on pages 113 to 116. Note 25 includes the Group\u2019s policies and processes for
managing exposure to credit and liquidity risk.
The Group\u2019s forecasts and objectives, considering a number of potential changes in trading
conditions, show that the Group should be able to operate at adequate levels of both liquidity and
capital for at least 12 months from the date of signing this report. The Directors have performed a
number of stress tests, covering a significant reduction in equity market values, a fall in the Bank of
England base interest rate leading to a lower interest rate retained on customer cash balances, and a
further Group-specific idiosyncratic stress relating to a scenario whereby prolonged IT issues cause
a reduction in customers. Further detail of the forecasts and stress test scenarios are set out in the
Viability statement on page 68. These scenarios provide assurance that the Group has sufficient
capital and liquidity to operate under stressed conditions.
Consequently, after making reasonable enquiries, the Directors are satisfied that the Group has
sufficient financial resources to continue in business for at least 12 months from the date of signing
the report and therefore have continued to adopt the going concern basis in preparing the financial
statements.
2.2 Segmental reporting
The Group determines and presents operating segments based on the information that is provided
internally to the Board, which is the Group\u2019s Chief Operating Decision Maker (CODM). In assessing
the Group\u2019s operating segments, the Directors have considered the nature of the services provided,
product offerings, customer bases, operating model and distribution channels amongst other
factors. The Directors concluded there is a single segment as it operates with a single operating
model; operations, support and technology costs are managed and reported centrally to the
CODM. A description of the services provided is given within note 4.
2.3 Revenue recognition
Revenue represents fees receivable from investment administration and dealing and custody
services for both client assets and client money. Revenue is measured based on the transaction
price determined in a contract with a customer. The Group recognises revenue when it transfers
control over a good or service to a customer.
Recurring fixed
Recurring fixed revenue comprises recurring administration fees and media revenue.
Administration fees include fees charged to customers in relation to the administration services
provided by the Group. The fees are charged in arrears on a quarterly basis and are based on a
tiered pricing structure. They are recognised over time as the related service is provided.
Included within these fees are annual pension administration fees, where revenue is recognised over time using an input method to measure progress towards satisfaction of a single performance obligation. Media revenue includes advertising, subscriptions, events and award ceremonies. Subscriptions revenue is recognised evenly over the period in which the related service is provided. Advertising, event and award ceremony revenue is recognised in the period in which the publication is made available to customers or the event or award ceremony takes place. Recurring ad valorem Recurring ad valorem revenue comprises custody fees, investment management fees and retained interest income. Custody fees represent periodic fee income that is charged with reference to the market value of retail customer assets, based on asset mix and portfolio size. They are charged in arrears on a periodic basis and recognised over time as custody services, specifically the holding and safeguarding of client assets, are provided to the client. Investment management fees represent periodic fee income relative to the value of client assets within managed portfolios. They are charged in arrears on a periodic basis and recognised over time as investment management services are provided to the client. Retained interest income relates to interest generated over time based on the level of customer cash balances. Revenue is recognised evenly across the period in which it is generated. Transactional Transactional revenue comprises dealing fees, foreign exchange fees and pension scheme activity fees. Transaction-based fees are recognised when received in accordance with the date of settlement of the underlying transaction \u2013 specifically when the instruction has been executed in accordance with the client instructions. Revenue is only recognised to the extent that management is satisfied that it is highly probable that no significant reversal of the revenue recognised will be required when uncertainties are resolved. Other non-recurring fees are recognised in the period to which the service is rendered. Customer incentives Customer incentives paid to new retail customers are considered to be a reduction in revenue under IFRS 15 Revenue from Contracts with Customers. In line with IFRS 15, customer incentives to acquire new customers are offset against recurring ad valorem revenue and spread over the period which the customer is required to remain a customer in order to be eligible for the incentive. Customer incentives are paid in cash and vouchers.
2.4 Share-based payments
The Group operates a number of share-based payment arrangements for its employees and
non-employees. These generally involve an award of share options (equity-settled share-based
payments) which are measured at the fair value of the equity instrument at the date of grant.
The share-based payment arrangements have conditions attached before the beneficiary becomes
entitled to the award. These can be performance and / or service conditions.
The total cost is recognised, together with a corresponding increase in the equity reserves, over
the period in which the performance and / or service conditions are fulfilled. Costs relating to the
development of internally-generated intangible assets are capitalised in accordance with IAS 38.
The cumulative cost recognised for equity-settled transactions at each reporting date until the
vesting date reflects the extent to which the vesting period has expired and management\u2019s estimate
of shares that will eventually vest. At the end of each reporting period, the entity revises its estimates
of the number of share options expected to vest based on the non-market vesting conditions.
It recognises any revision to original estimates in the income statement and to intangible assets
where appropriate, with a corresponding adjustment to equity reserves.
No cost is recognised for awards that do not ultimately vest, except for equity-settled transactions
for which vesting is conditional upon a market or non-vesting condition. These are treated as vested
irrespective of whether or not the market or non-vesting condition is satisfied, provided that all
other performance and / or service conditions are satisfied.
The cost of equity-settled awards is determined by the fair value at the date when the grant is
made using an appropriate valuation model or the market value discounted to its net present value,
further details of which are given in note 24. The expected life applied in the model has been
adjusted based on management\u2019s best estimate for the effects of non-transferability, exercise
restrictions and behavioural considerations.
2.5 Investment income
Investment income comprises the returns generated on corporate cash at banks and short-term
highly-liquid investments. Investment income is recognised in the income statement as it accrues,
using the effective interest rate method.
2.6 Finance costs
Finance costs comprise interest incurred on lease liabilities recognised under IFRS 16 Leases.
Finance costs are recognised in the income statement using the effective interest rate method.
2.7 Taxation
The tax expense represents the sum of the current tax payable and deferred tax. Tax is recognised
in the income statement except to the extent that it relates to items recognised directly in equity,
in which case it is recognised in equity.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year and
any adjustment to tax payable or receivable in respect of previous years, using tax rates enacted or
substantively enacted at the reporting date.
Deferred tax is provided on temporary differences between the carrying amounts of assets and
liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred
tax is not recognised if the temporary difference arises from:
\u2022 the initial recognition of goodwill; or
\u2022 investments in subsidiaries to the extent that the Group is able to control the timing of the reversal
of the temporary differences and it is probable they will not reverse in the foreseeable future; or
\u2022 the initial recognition of an asset and liability in a transaction other than a business combination
that, at the time of the transaction, affects neither the accounting nor taxable profit or loss and
does not give rise to equal taxable and deductible temporary differences.
Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary
differences to the extent that it is probable that taxable profits will be available in the future, against
which deductible temporary differences can be utilised. Recognised and unrecognised deferred tax
assets are reassessed at each reporting date.
The principal temporary differences arise from accelerated capital allowances and provisions for
share-based payments.
Deferred tax is measured at the tax rates that are expected to be applied to temporary differences
when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred
tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to income taxes levied by the same taxation
authority and the Group intends to settle its current tax assets and liabilities on a net basis.
2.8 Goodwill
Goodwill arising on consolidation represents the difference between the consideration transferred
and the fair value of net assets acquired of the subsidiary at the date of acquisition. Goodwill is not
amortised, but is reviewed at least annually for impairment. Any impairment is recognised
immediately through the income statement and is not subsequently reversed.
For the purposes of impairment testing, goodwill acquired in a business combination is allocated
to the cash generating unit (CGU) expecting to benefit from the synergies of the combination.
CGUs to which goodwill has been allocated are reviewed annually or more frequently when there
is an indication that the goodwill relating to that CGU may have been impaired. If the recoverable
amount from the CGU is less than the carrying amount of the assets present on the consolidated
statement of financial position forming that CGU, the impairment loss is allocated first to reduce
the carrying amount of any goodwill allocated to the assets forming that CGU and then to the
assets of the CGU pro-rata on the basis of the carrying amount of each asset in the CGU.
On disposal of a subsidiary, the attributable amount of goodwill is included in the determination
of the profit or loss on disposal.
2.9 Intangible assets (excluding goodwill)
Intangible assets comprise computer software and mobile applications, and the Group\u2019s Key
Operating Systems (KOS). These are stated at cost less amortisation and any recognised impairment
loss. Amortisation is charged on all intangible assets excluding goodwill and assets under
construction at rates to write off the cost or valuation, less estimated residual value, of each asset
evenly using a straight-line method over its estimated useful economic life as follows:
Computer software and mobile applications \u2013 3-4 years
KOS \u2013 10-15 years
KOS enhancements \u2013 Over the remaining life of the KOS
The assets\u2019 estimated useful lives, amortisation rates and residual values are reviewed, and adjusted
if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down
immediately to its recoverable amount if its carrying value is greater than the recoverable amount.
The gain or loss arising on the disposal or retirement of an asset is determined as the difference
between the sales proceeds and the carrying amount of the asset and is recognised in the income
statement immediately.
2.10 Internally-generated intangible assets
An internally-generated asset arising from work performed by the Group is recognised only when
the following criteria can be demonstrated:
\u2022 the technical feasibility of completing the intangible asset so that it will be available for use or sale;
\u2022 the intention to complete the intangible asset and use or sell it;
\u2022 the ability to use or sell the intangible asset;
\u2022 how the intangible asset will generate probable future economic benefits;
\u2022 the availability of adequate technical, financial and other resources to complete the development
and to use or sell the intangible asset; and
\u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its
development.
The amount initially recognised for internally-generated intangible assets is the sum of expenditure
incurred from the date when the asset first meets the recognition criteria listed above. Development
expenditure that does not meet the criteria is recognised as an expense in the period which it is incurred.
Subsequent to initial recognition, internally-generated intangible assets are reported at cost less
accumulated amortisation and accumulated impairment losses, on the same basis as intangible
assets that are acquired separately. Assets under construction are not amortised until the asset is
operational and available for use.
Expenditure on research activities is recognised as an expense in the period in which it is incurred.
2.11 Property, plant and equipment
All property, plant and equipment is stated at cost, which includes directly-attributable acquisition
costs, less accumulated depreciation and any recognised impairment losses. Depreciation is charged
on all property, plant and equipment, except assets under construction, at rates to write off the cost,
less estimated residual value, of each asset evenly using a straight-line method over its estimated
useful economic life as follows:
Leasehold improvements \u2013 Over the life of the lease
Office equipment \u2013 4 years
Computer equipment \u2013 3-5 years
The assets\u2019 estimated useful lives, depreciation rates and residual values are reviewed, and adjusted
if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down
immediately to its recoverable amount if its carrying value is greater than the recoverable amount.
Assets under construction relate to capital expenditure on assets not yet in use by the Group and
are therefore not depreciated.
The gain or loss arising on the disposal or retirement of an asset is determined as the difference
between the sales proceeds and the carrying amount of the asset and is recognised in the income
statement immediately.
2.12 Leased assets and lease liabilities
Leases
(i) Right-of-use assets
The Group recognises right-of-use assets at the commencement date of the leases. Right-of-use
assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted
for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of
lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the
commencement date less any lease incentives received.
Depreciation is applied in accordance with IAS 16 Property, Plant and Equipment. Right-of-use
assets are depreciated over the lease term.
Right-of-use assets are subject to impairment.
(ii) Lease liabilities
At the commencement date of the lease, the Group recognises lease liabilities measured at the
present value of lease payments to be made over the lease term. The lease payments include fixed
payments less any lease incentives receivable.
In calculating the present value of lease payments, the Group uses the incremental borrowing rate
at the lease commencement date if the interest rate implicit in the lease is not readily determinable.
After the commencement date, the amount of lease liabilities is increased to reflect the addition of
interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities
is re-measured if there is a modification, a change in the lease term, a change in the fixed lease
payments or a change in the assessment to purchase the underlying asset.
2.13 Impairment of intangible assets (excluding goodwill), property, plant and
equipment and leased assets
At each reporting date the Group reviews the carrying amount of its intangible assets, property,
plant and equipment and leased assets to determine whether there is any indication that those
assets have suffered impairment. If such an indication exists then the recoverable amount of that
particular asset is estimated.
An impairment test is performed for an individual asset unless it belongs to a CGU, in which case
the present value of the net future cash flows generated by the CGU is tested. A CGU is the smallest
group of assets that generates cash inflows from continuing use that are largely independent of the
cash inflows of other assets or of groups of other assets. An intangible asset with an indefinite useful
life or an intangible asset not yet available for use is tested for impairment annually and whenever
there is an indication that the asset may be impaired.
The recoverable amount is the higher of its fair value less costs to sell and its value-in-use. In assessing
its value-in-use, the estimated net future pre-tax cash flows are discounted to their present value
using a pre-tax discount rate that reflects current market assessments of the time value of money and
the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset or CGU in which the asset sits is estimated to be lower than
the carrying value, then the carrying amount is reduced to the recoverable amount. An impairment
loss is recognised immediately in the income statement as an expense.
An impairment loss is reversed only if subsequent events reverse the effect of the original event
which caused the recognition of the impairment. An impairment loss is reversed only to the extent
that the asset\u2019s carrying amount does not exceed the carrying amount that would have been
determined, net of depreciation or amortisation, if no impairment loss had been recognised.
An impairment reversal is recognised in the income statement immediately.
2.14 Provisions
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result
of a past event, it is probable that the Group will be required to settle that obligation and the obligation
can be reliably estimated.
The amount recognised as a provision is the Directors\u2019 best estimate of the consideration required
to settle that obligation at the reporting date, and is discounted to present value where the effect
is material.
2.15 Levies
The Group applies the guidance provided in IFRIC 21 to levies issued under the Financial Services
Compensation Scheme. The interpretation clarifies that an entity should recognise a liability when
it conducts the activity that triggers the payment of the levy under law or regulation.
2.16 Financial instruments
Financial assets and liabilities are recognised in the statement of financial position when a member
of the Group becomes party to the contractual provisions of the instrument.
Financial assets
Financial assets are classified according to the business model within which the asset is held and the
contractual cash-flow characteristics of the asset. All financial assets are classified at amortised cost.
Financial assets at amortised cost
The Group\u2019s financial assets at amortised cost comprise trade receivables, other receivables and
cash and cash equivalents.
Financial assets at amortised cost are initially recognised at fair value including any directly-
attributable costs. They are subsequently measured at amortised cost using the effective interest
method, less any impairment. No interest income is recognised on financial assets measured at
amortised cost, with the exception of cash and cash equivalents, as all financial assets at amortised
cost are short-term receivables and the recognition of interest would be immaterial. Financial assets
are derecognised when the contractual right to the cash flows from the asset expire.
Trade and other receivables
Trade and other receivables are initially recorded at the fair value of the amount receivable and
subsequently measured at amortised cost using the effective interest method, less any provision for
impairment. Other receivables relate to balances with stock exchange member firms, other counter
parties and unsettled client receivables.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, on-demand deposits with banks and other
short-term highly-liquid investments with original maturities of one month or less, or those over
which the Group has an immediate right of recall. Where appropriate, bank overdrafts are shown
within borrowings in current liabilities in the consolidated statement of financial position.
Impairment of financial assets
The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected
credit losses which uses a lifetime expected loss allowance for all trade receivables and contract
assets. To measure the expected credit losses, trade receivables have been grouped based on
shared credit risk characteristics and number of days past due. The Group considers a trade
receivable to be in default when it is past due by more than 90 days, or when the value of a
client\u2019s receivable balance exceeds the value of the liquid assets they hold with AJ Bell.
The expected loss rates are based on the payment profiles of sales over a period of 12 months before
30 September 2025 and the corresponding historical credit losses experienced within this period.
The carrying amount of the financial assets is reduced by the use of a provision. When a trade
receivable is considered uncollectable, it is written off against the provision. Changes in the carrying
amount of the provision are recognised in the income statement.
Financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements
entered into.
Lease liabilities
Lease liabilities consist of amounts payable by the Group measured at the present value of lease
payments to be made over the lease term.
Other financial liabilities
The Group\u2019s other financial liabilities comprise trade and other payables. Other financial liabilities
are initially measured at fair value, net of transaction costs. They are subsequently carried at
amortised cost using the effective interest rate method. A financial liability is derecognised when,
and only when, the Group\u2019s obligations are discharged, cancelled or they expire.
Trade and other payables
Trade and other payables consist of amounts payable to clients and other counterparties and
obligations to pay suppliers for goods and services in the ordinary course of business, including
amounts recognised as accruals. Trade and other payables are measured at amortised cost using
the effective interest method.
2.17 Employee benefit trusts
The employee benefit trusts provide for the granting of shares, principally under share option
schemes. AJ Bell plc is considered to have control of the trusts, and consolidates the assets and
liabilities of the trusts into the Group.
Shares of AJ Bell plc held by the trusts are treated as \u2018own shares\u2019 held and shown as a deduction
from equity. Subsequent consideration received for the sale of such shares is also recognised in
equity, with any difference between the sales proceeds and original cost being taken to equity.
2.18 Assets held for sale
The Company classifies assets as held for sale if their carrying amounts will be recovered principally
through a sale transaction rather than through continuing use. Assets classified as held for sale are
measured at the lower of their carrying amount and fair value.
The criteria for the held for sale classification is regarded as met only when the sale is highly probable,
and the asset is available for immediate sale in its present condition. Actions required to complete
the sale should indicate that it is unlikely that significant changes to the sale will be made or that the
decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and
the sale expected to be completed within one year from the date of classification.
Assets classified as held for sale are presented separately as current assets in the statement of
financial position.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-240": { "value": "Basis of accounting The consolidated financial statements of AJ Bell plc have been prepared in accordance with UK-adopted international accounting standards and the requirements of the Companies Act 2006 as applicable to companies reporting under those standards. The financial statements are prepared on the historical cost basis and prepared on a going concern basis. They are presented in sterling, which is the currency of the primary economic environment in which the Group operates, rounded to the nearest thousand. The accounting policies have been applied consistently to all periods presented in these financial statements and by all Group entities, unless otherwise stated. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-283": { "value": "The consolidated financial statements of AJ Bell plc have been prepared in accordance with UK-adopted international accounting standards and the requirements of the Companies Act 2006 as applicable to companies reporting under those standards. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-284": { "value": "The financial statements are prepared on the historical cost basis and prepared on a going concern basis. They are presented in sterling, which is the currency of the primary economic environment in which the Group operates, rounded to the nearest thousand. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-241": { "value": "Changes to International Reporting Standards Interpretations and standards which became effective during the year The following amendments and interpretations became effective for accounting periods starting on or after 1 January 2024. Their adoption has not had any significant impact on the Group.
Effective from
IAS 1
Non-current Liabilities with Covenants (Amendments)
1 January 2024
IAS 1
Classification of Liabilities as Current or Non-current
1 January 2024
(Amendments)
IAS 7 / IFRS 7
Supplier Finance Arrangements (Amendments)
1 January 2024
IFRS 16
Lease Liability in a Sale and Leaseback (Amendments)
1 January 2024
Interpretations and standards in issue but not yet effective The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. IFRS 18 Presentation and Disclosures in Financial Statements was issued in April 2024 and is effective from periods beginning on or after 1 January 2027. Early application is permitted and comparatives will require restatement. The standard will replace IAS 1 Presentation of Financial Statements and although it will not change how items are recognised and measured, the standard brings a focus on the income statement and reporting of financial performance. Income and expenses are classified into three new defined categories, \u2018operating\u2019, \u2018investing\u2019 and \u2018financing\u2019, and two new subtotals, \u2018operating profit and loss\u2019 and \u2018profit or loss before financing and income tax\u2019. The standard introduces new disclosures of management defined performance measures and enhanced general requirements on aggregation and disaggregation. The impact of the standard on the Group is currently being assessed and it is not yet practicable to quantify the effect of IFRS 18 on these consolidated financial statements, however there is no impact on presentation for the Group in the current year given the effective date. The standard is applicable to the Group from FY28. ", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-285": { "value": "Interpretations and standards which became effective during the year The following amendments and interpretations became effective for accounting periods starting on or after 1 January 2024. Their adoption has not had any significant impact on the Group.
Effective from
IAS 1
Non-current Liabilities with Covenants (Amendments)
1 January 2024
IAS 1
Classification of Liabilities as Current or Non-current
1 January 2024
(Amendments)
IAS 7 / IFRS 7
Supplier Finance Arrangements (Amendments)
1 January 2024
IFRS 16
Lease Liability in a Sale and Leaseback (Amendments)
1 January 2024
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-286": { "value": "Interpretations and standards in issue but not yet effective The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. IFRS 18 Presentation and Disclosures in Financial Statements was issued in April 2024 and is effective from periods beginning on or after 1 January 2027. Early application is permitted and comparatives will require restatement. The standard will replace IAS 1 Presentation of Financial Statements and although it will not change how items are recognised and measured, the standard brings a focus on the income statement and reporting of financial performance. Income and expenses are classified into three new defined categories, \u2018operating\u2019, \u2018investing\u2019 and \u2018financing\u2019, and two new subtotals, \u2018operating profit and loss\u2019 and \u2018profit or loss before financing and income tax\u2019. The standard introduces new disclosures of management defined performance measures and enhanced general requirements on aggregation and disaggregation. The impact of the standard on the Group is currently being assessed and it is not yet practicable to quantify the effect of IFRS 18 on these consolidated financial statements, however there is no impact on presentation for the Group in the current year given the effective date. The standard is applicable to the Group from FY28. ", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-242": { "value": "Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (its subsidiaries) made up to 30 September each year. The Group controls an entity when it is exposed to, or it has rights to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The Group reassesses whether it controls an entity if facts and circumstances indicate there are changes to one or more elements of control. The results of a subsidiary undertaking are included in the consolidated financial statements from the date the control commences until the date that control ceases. The acquisition method of accounting is used to account for the acquisition of subsidiaries. Acquisition-related costs are expensed as incurred in the income statement, except if related to the issue of debt or equity securities. Identifiable assets acquired and liabilities and contingent liabilities assumed in the business combination are measured initially at their fair values at the acquisition date. The excess of the cost of acquisition over the fair value of the Group\u2019s share of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the Group\u2019s share of the identifiable net assets of the subsidiary acquired, the difference is taken immediately to the income statement. All intercompany transactions, balances, income, and expenses are eliminated on consolidation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-243": { "value": "2.1 Going concern The Group\u2019s business activities, together with its financial position and the factors likely to affect its future development and performance are set out in the Strategic report on pages 1 to 68 and the Directors\u2019 report on pages 113 to 116. Note 25 includes the Group\u2019s policies and processes for managing exposure to credit and liquidity risk. The Group\u2019s forecasts and objectives, considering a number of potential changes in trading conditions, show that the Group should be able to operate at adequate levels of both liquidity and capital for at least 12 months from the date of signing this report. The Directors have performed a number of stress tests, covering a significant reduction in equity market values, a fall in the Bank of England base interest rate leading to a lower interest rate retained on customer cash balances, and a further Group-specific idiosyncratic stress relating to a scenario whereby prolonged IT issues cause a reduction in customers. Further detail of the forecasts and stress test scenarios are set out in the Viability statement on page 68. These scenarios provide assurance that the Group has sufficient capital and liquidity to operate under stressed conditions. Consequently, after making reasonable enquiries, the Directors are satisfied that the Group has sufficient financial resources to continue in business for at least 12 months from the date of signing the report and therefore have continued to adopt the going concern basis in preparing the financial statements. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-244": { "value": "2.2 Segmental reporting The Group determines and presents operating segments based on the information that is provided internally to the Board, which is the Group\u2019s Chief Operating Decision Maker (CODM). In assessing the Group\u2019s operating segments, the Directors have considered the nature of the services provided, product offerings, customer bases, operating model and distribution channels amongst other factors. The Directors concluded there is a single segment as it operates with a single operating model; operations, support and technology costs are managed and reported centrally to the CODM. A description of the services provided is given within note 4. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-245": { "value": "2.3 Revenue recognition Revenue represents fees receivable from investment administration and dealing and custody services for both client assets and client money. Revenue is measured based on the transaction price determined in a contract with a customer. The Group recognises revenue when it transfers control over a good or service to a customer. Recurring fixed Recurring fixed revenue comprises recurring administration fees and media revenue. Administration fees include fees charged to customers in relation to the administration services provided by the Group. The fees are charged in arrears on a quarterly basis and are based on a tiered pricing structure. They are recognised over time as the related service is provided.
Included within these fees are annual pension administration fees, where revenue is recognised
over time using an input method to measure progress towards satisfaction of a single performance
obligation.
Media revenue includes advertising, subscriptions, events and award ceremonies. Subscriptions
revenue is recognised evenly over the period in which the related service is provided. Advertising,
event and award ceremony revenue is recognised in the period in which the publication is made
available to customers or the event or award ceremony takes place.
Recurring ad valorem
Recurring ad valorem revenue comprises custody fees, investment management fees and retained
interest income.
Custody fees represent periodic fee income that is charged with reference to the market value
of retail customer assets, based on asset mix and portfolio size. They are charged in arrears on
a periodic basis and recognised over time as custody services, specifically the holding and
safeguarding of client assets, are provided to the client.
Investment management fees represent periodic fee income relative to the value of client assets
within managed portfolios. They are charged in arrears on a periodic basis and recognised over
time as investment management services are provided to the client.
Retained interest income relates to interest generated over time based on the level of customer
cash balances. Revenue is recognised evenly across the period in which it is generated.
Transactional
Transactional revenue comprises dealing fees, foreign exchange fees and pension scheme activity
fees. Transaction-based fees are recognised when received in accordance with the date of settlement
of the underlying transaction \u2013 specifically when the instruction has been executed in accordance
with the client instructions.
Revenue is only recognised to the extent that management is satisfied that it is highly probable that
no significant reversal of the revenue recognised will be required when uncertainties are resolved.
Other non-recurring fees are recognised in the period to which the service is rendered.
Customer incentives
Customer incentives paid to new retail customers are considered to be a reduction in revenue under
IFRS 15 Revenue from Contracts with Customers. In line with IFRS 15, customer incentives to acquire
new customers are offset against recurring ad valorem revenue and spread over the period which
the customer is required to remain a customer in order to be eligible for the incentive. Customer
incentives are paid in cash and vouchers.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-246": { "value": "2.4 Share-based payments The Group operates a number of share-based payment arrangements for its employees and non-employees. These generally involve an award of share options (equity-settled share-based payments) which are measured at the fair value of the equity instrument at the date of grant. The share-based payment arrangements have conditions attached before the beneficiary becomes entitled to the award. These can be performance and / or service conditions. The total cost is recognised, together with a corresponding increase in the equity reserves, over the period in which the performance and / or service conditions are fulfilled. Costs relating to the development of internally-generated intangible assets are capitalised in accordance with IAS 38. The cumulative cost recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and management\u2019s estimate of shares that will eventually vest. At the end of each reporting period, the entity revises its estimates of the number of share options expected to vest based on the non-market vesting conditions. It recognises any revision to original estimates in the income statement and to intangible assets where appropriate, with a corresponding adjustment to equity reserves. No cost is recognised for awards that do not ultimately vest, except for equity-settled transactions for which vesting is conditional upon a market or non-vesting condition. These are treated as vested irrespective of whether or not the market or non-vesting condition is satisfied, provided that all other performance and / or service conditions are satisfied. The cost of equity-settled awards is determined by the fair value at the date when the grant is made using an appropriate valuation model or the market value discounted to its net present value, further details of which are given in note 24. The expected life applied in the model has been adjusted based on management\u2019s best estimate for the effects of non-transferability, exercise restrictions and behavioural considerations. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-322": { "value": "2.5 Investment income Investment income comprises the returns generated on corporate cash at banks and short-term highly-liquid investments. Investment income is recognised in the income statement as it accrues, using the effective interest rate method. 2.6 Finance costs Finance costs comprise interest incurred on lease liabilities recognised under IFRS 16 Leases. Finance costs are recognised in the income statement using the effective interest rate method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-247": { "value": "2.5 Investment income Investment income comprises the returns generated on corporate cash at banks and short-term highly-liquid investments. Investment income is recognised in the income statement as it accrues, using the effective interest rate method. 2.6 Finance costs Finance costs comprise interest incurred on lease liabilities recognised under IFRS 16 Leases. Finance costs are recognised in the income statement using the effective interest rate method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-287": { "value": "2.6 Finance costs Finance costs comprise interest incurred on lease liabilities recognised under IFRS 16 Leases. Finance costs are recognised in the income statement using the effective interest rate method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-288": { "value": "2.7 Taxation The tax expense represents the sum of the current tax payable and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity. Current tax is the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years, using tax rates enacted or substantively enacted at the reporting date. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised if the temporary difference arises from: \u2022 the initial recognition of goodwill; or \u2022 investments in subsidiaries to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable they will not reverse in the foreseeable future; or \u2022 the initial recognition of an asset and liability in a transaction other than a business combination that, at the time of the transaction, affects neither the accounting nor taxable profit or loss and does not give rise to equal taxable and deductible temporary differences. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that taxable profits will be available in the future, against which deductible temporary differences can be utilised. Recognised and unrecognised deferred tax assets are reassessed at each reporting date. The principal temporary differences arise from accelerated capital allowances and provisions for share-based payments. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-248": { "value": "2.7 Taxation The tax expense represents the sum of the current tax payable and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity. Current tax is the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years, using tax rates enacted or substantively enacted at the reporting date. Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised if the temporary difference arises from: \u2022 the initial recognition of goodwill; or \u2022 investments in subsidiaries to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable they will not reverse in the foreseeable future; or \u2022 the initial recognition of an asset and liability in a transaction other than a business combination that, at the time of the transaction, affects neither the accounting nor taxable profit or loss and does not give rise to equal taxable and deductible temporary differences. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that taxable profits will be available in the future, against which deductible temporary differences can be utilised. Recognised and unrecognised deferred tax assets are reassessed at each reporting date. The principal temporary differences arise from accelerated capital allowances and provisions for share-based payments. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-323": { "value": "2.8 Goodwill Goodwill arising on consolidation represents the difference between the consideration transferred and the fair value of net assets acquired of the subsidiary at the date of acquisition. Goodwill is not amortised, but is reviewed at least annually for impairment. Any impairment is recognised immediately through the income statement and is not subsequently reversed. For the purposes of impairment testing, goodwill acquired in a business combination is allocated to the cash generating unit (CGU) expecting to benefit from the synergies of the combination. CGUs to which goodwill has been allocated are reviewed annually or more frequently when there is an indication that the goodwill relating to that CGU may have been impaired. If the recoverable amount from the CGU is less than the carrying amount of the assets present on the consolidated statement of financial position forming that CGU, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the assets forming that CGU and then to the assets of the CGU pro-rata on the basis of the carrying amount of each asset in the CGU. On disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on disposal. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-289": { "value": "2.8 Goodwill Goodwill arising on consolidation represents the difference between the consideration transferred and the fair value of net assets acquired of the subsidiary at the date of acquisition. Goodwill is not amortised, but is reviewed at least annually for impairment. Any impairment is recognised immediately through the income statement and is not subsequently reversed. For the purposes of impairment testing, goodwill acquired in a business combination is allocated to the cash generating unit (CGU) expecting to benefit from the synergies of the combination. CGUs to which goodwill has been allocated are reviewed annually or more frequently when there is an indication that the goodwill relating to that CGU may have been impaired. If the recoverable amount from the CGU is less than the carrying amount of the assets present on the consolidated statement of financial position forming that CGU, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the assets forming that CGU and then to the assets of the CGU pro-rata on the basis of the carrying amount of each asset in the CGU. On disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on disposal. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-249": { "value": "2.8 Goodwill Goodwill arising on consolidation represents the difference between the consideration transferred and the fair value of net assets acquired of the subsidiary at the date of acquisition. Goodwill is not amortised, but is reviewed at least annually for impairment. Any impairment is recognised immediately through the income statement and is not subsequently reversed. For the purposes of impairment testing, goodwill acquired in a business combination is allocated to the cash generating unit (CGU) expecting to benefit from the synergies of the combination. CGUs to which goodwill has been allocated are reviewed annually or more frequently when there is an indication that the goodwill relating to that CGU may have been impaired. If the recoverable amount from the CGU is less than the carrying amount of the assets present on the consolidated statement of financial position forming that CGU, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the assets forming that CGU and then to the assets of the CGU pro-rata on the basis of the carrying amount of each asset in the CGU. On disposal of a subsidiary, the attributable amount of goodwill is included in the determination of the profit or loss on disposal. 2.9 Intangible assets (excluding goodwill) Intangible assets comprise computer software and mobile applications, and the Group\u2019s Key Operating Systems (KOS). These are stated at cost less amortisation and any recognised impairment loss. Amortisation is charged on all intangible assets excluding goodwill and assets under construction at rates to write off the cost or valuation, less estimated residual value, of each asset evenly using a straight-line method over its estimated useful economic life as follows: Computer software and mobile applications \u2013 3-4 years KOS \u2013 10-15 years KOS enhancements \u2013 Over the remaining life of the KOS The assets\u2019 estimated useful lives, amortisation rates and residual values are reviewed, and adjusted if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down immediately to its recoverable amount if its carrying value is greater than the recoverable amount. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the income statement immediately. 2.10 Internally-generated intangible assets An internally-generated asset arising from work performed by the Group is recognised only when the following criteria can be demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development. The amount initially recognised for internally-generated intangible assets is the sum of expenditure incurred from the date when the asset first meets the recognition criteria listed above. Development expenditure that does not meet the criteria is recognised as an expense in the period which it is incurred. Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Assets under construction are not amortised until the asset is operational and available for use. Expenditure on research activities is recognised as an expense in the period in which it is incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-290": { "value": "2.9 Intangible assets (excluding goodwill) Intangible assets comprise computer software and mobile applications, and the Group\u2019s Key Operating Systems (KOS). These are stated at cost less amortisation and any recognised impairment loss. Amortisation is charged on all intangible assets excluding goodwill and assets under construction at rates to write off the cost or valuation, less estimated residual value, of each asset evenly using a straight-line method over its estimated useful economic life as follows: Computer software and mobile applications \u2013 3-4 years KOS \u2013 10-15 years KOS enhancements \u2013 Over the remaining life of the KOS The assets\u2019 estimated useful lives, amortisation rates and residual values are reviewed, and adjusted if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down immediately to its recoverable amount if its carrying value is greater than the recoverable amount. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the income statement immediately. 2.10 Internally-generated intangible assets An internally-generated asset arising from work performed by the Group is recognised only when the following criteria can be demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available for use or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development. The amount initially recognised for internally-generated intangible assets is the sum of expenditure incurred from the date when the asset first meets the recognition criteria listed above. Development expenditure that does not meet the criteria is recognised as an expense in the period which it is incurred. Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately. Assets under construction are not amortised until the asset is operational and available for use. Expenditure on research activities is recognised as an expense in the period in which it is incurred. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-291": { "value": "2.11 Property, plant and equipment All property, plant and equipment is stated at cost, which includes directly-attributable acquisition costs, less accumulated depreciation and any recognised impairment losses. Depreciation is charged on all property, plant and equipment, except assets under construction, at rates to write off the cost, less estimated residual value, of each asset evenly using a straight-line method over its estimated useful economic life as follows: Leasehold improvements \u2013 Over the life of the lease Office equipment \u2013 4 years Computer equipment \u2013 3-5 years The assets\u2019 estimated useful lives, depreciation rates and residual values are reviewed, and adjusted if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down immediately to its recoverable amount if its carrying value is greater than the recoverable amount. Assets under construction relate to capital expenditure on assets not yet in use by the Group and are therefore not depreciated. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the income statement immediately. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-250": { "value": "2.11 Property, plant and equipment All property, plant and equipment is stated at cost, which includes directly-attributable acquisition costs, less accumulated depreciation and any recognised impairment losses. Depreciation is charged on all property, plant and equipment, except assets under construction, at rates to write off the cost, less estimated residual value, of each asset evenly using a straight-line method over its estimated useful economic life as follows: Leasehold improvements \u2013 Over the life of the lease Office equipment \u2013 4 years Computer equipment \u2013 3-5 years The assets\u2019 estimated useful lives, depreciation rates and residual values are reviewed, and adjusted if appropriate at the end of each reporting period. An asset\u2019s carrying value is written down immediately to its recoverable amount if its carrying value is greater than the recoverable amount. Assets under construction relate to capital expenditure on assets not yet in use by the Group and are therefore not depreciated. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the income statement immediately. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-251": { "value": "2.12 Leased assets and lease liabilities Leases (i) Right-of-use assets The Group recognises right-of-use assets at the commencement date of the leases. Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Depreciation is applied in accordance with IAS 16 Property, Plant and Equipment. Right-of-use assets are depreciated over the lease term. Right-of-use assets are subject to impairment. (ii) Lease liabilities At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments less any lease incentives receivable. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the addition of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is re-measured if there is a modification, a change in the lease term, a change in the fixed lease payments or a change in the assessment to purchase the underlying asset. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-292": { "value": "2.13 Impairment of intangible assets (excluding goodwill), property, plant and equipment and leased assets At each reporting date the Group reviews the carrying amount of its intangible assets, property, plant and equipment and leased assets to determine whether there is any indication that those assets have suffered impairment. If such an indication exists then the recoverable amount of that particular asset is estimated. An impairment test is performed for an individual asset unless it belongs to a CGU, in which case the present value of the net future cash flows generated by the CGU is tested. A CGU is the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or of groups of other assets. An intangible asset with an indefinite useful life or an intangible asset not yet available for use is tested for impairment annually and whenever there is an indication that the asset may be impaired. The recoverable amount is the higher of its fair value less costs to sell and its value-in-use. In assessing its value-in-use, the estimated net future pre-tax cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset or CGU in which the asset sits is estimated to be lower than the carrying value, then the carrying amount is reduced to the recoverable amount. An impairment loss is recognised immediately in the income statement as an expense. An impairment loss is reversed only if subsequent events reverse the effect of the original event which caused the recognition of the impairment. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. An impairment reversal is recognised in the income statement immediately. Impairment of financial assets The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables and contract assets. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and number of days past due. The Group considers a trade receivable to be in default when it is past due by more than 90 days, or when the value of a client\u2019s receivable balance exceeds the value of the liquid assets they hold with AJ Bell. The expected loss rates are based on the payment profiles of sales over a period of 12 months before 30 September 2025 and the corresponding historical credit losses experienced within this period. The carrying amount of the financial assets is reduced by the use of a provision. When a trade receivable is considered uncollectable, it is written off against the provision. Changes in the carrying amount of the provision are recognised in the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-252": { "value": "2.13 Impairment of intangible assets (excluding goodwill), property, plant and equipment and leased assets At each reporting date the Group reviews the carrying amount of its intangible assets, property, plant and equipment and leased assets to determine whether there is any indication that those assets have suffered impairment. If such an indication exists then the recoverable amount of that particular asset is estimated. An impairment test is performed for an individual asset unless it belongs to a CGU, in which case the present value of the net future cash flows generated by the CGU is tested. A CGU is the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or of groups of other assets. An intangible asset with an indefinite useful life or an intangible asset not yet available for use is tested for impairment annually and whenever there is an indication that the asset may be impaired. The recoverable amount is the higher of its fair value less costs to sell and its value-in-use. In assessing its value-in-use, the estimated net future pre-tax cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset or CGU in which the asset sits is estimated to be lower than the carrying value, then the carrying amount is reduced to the recoverable amount. An impairment loss is recognised immediately in the income statement as an expense. An impairment loss is reversed only if subsequent events reverse the effect of the original event which caused the recognition of the impairment. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. An impairment reversal is recognised in the income statement immediately. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-253": { "value": "2.14 Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle that obligation and the obligation can be reliably estimated. The amount recognised as a provision is the Directors\u2019 best estimate of the consideration required to settle that obligation at the reporting date, and is discounted to present value where the effect is material. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-254": { "value": "2.15 Levies The Group applies the guidance provided in IFRIC 21 to levies issued under the Financial Services Compensation Scheme. The interpretation clarifies that an entity should recognise a liability when it conducts the activity that triggers the payment of the levy under law or regulation. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-255": { "value": "2.16 Financial instruments Financial assets and liabilities are recognised in the statement of financial position when a member of the Group becomes party to the contractual provisions of the instrument. Financial assets Financial assets are classified according to the business model within which the asset is held and the contractual cash-flow characteristics of the asset. All financial assets are classified at amortised cost. Financial assets at amortised cost The Group\u2019s financial assets at amortised cost comprise trade receivables, other receivables and cash and cash equivalents. Financial assets at amortised cost are initially recognised at fair value including any directly- attributable costs. They are subsequently measured at amortised cost using the effective interest method, less any impairment. No interest income is recognised on financial assets measured at amortised cost, with the exception of cash and cash equivalents, as all financial assets at amortised cost are short-term receivables and the recognition of interest would be immaterial. Financial assets are derecognised when the contractual right to the cash flows from the asset expire. Trade and other receivables Trade and other receivables are initially recorded at the fair value of the amount receivable and subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Other receivables relate to balances with stock exchange member firms, other counter parties and unsettled client receivables. Cash and cash equivalents Cash and cash equivalents include cash in hand, on-demand deposits with banks and other short-term highly-liquid investments with original maturities of one month or less, or those over which the Group has an immediate right of recall. Where appropriate, bank overdrafts are shown within borrowings in current liabilities in the consolidated statement of financial position. Impairment of financial assets The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables and contract assets. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and number of days past due. The Group considers a trade receivable to be in default when it is past due by more than 90 days, or when the value of a client\u2019s receivable balance exceeds the value of the liquid assets they hold with AJ Bell. The expected loss rates are based on the payment profiles of sales over a period of 12 months before 30 September 2025 and the corresponding historical credit losses experienced within this period. The carrying amount of the financial assets is reduced by the use of a provision. When a trade receivable is considered uncollectable, it is written off against the provision. Changes in the carrying amount of the provision are recognised in the income statement. Financial liabilities Financial liabilities are classified according to the substance of the contractual arrangements entered into. Lease liabilities Lease liabilities consist of amounts payable by the Group measured at the present value of lease payments to be made over the lease term. Other financial liabilities The Group\u2019s other financial liabilities comprise trade and other payables. Other financial liabilities are initially measured at fair value, net of transaction costs. They are subsequently carried at amortised cost using the effective interest rate method. A financial liability is derecognised when, and only when, the Group\u2019s obligations are discharged, cancelled or they expire. Trade and other payables Trade and other payables consist of amounts payable to clients and other counterparties and obligations to pay suppliers for goods and services in the ordinary course of business, including amounts recognised as accruals. Trade and other payables are measured at amortised cost using the effective interest method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-293": { "value": "Financial assets Financial assets are classified according to the business model within which the asset is held and the contractual cash-flow characteristics of the asset. All financial assets are classified at amortised cost. Financial assets at amortised cost The Group\u2019s financial assets at amortised cost comprise trade receivables, other receivables and cash and cash equivalents. Financial assets at amortised cost are initially recognised at fair value including any directly- attributable costs. They are subsequently measured at amortised cost using the effective interest method, less any impairment. No interest income is recognised on financial assets measured at amortised cost, with the exception of cash and cash equivalents, as all financial assets at amortised cost are short-term receivables and the recognition of interest would be immaterial. Financial assets are derecognised when the contractual right to the cash flows from the asset expire. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-324": { "value": "Financial assets are derecognised when the contractual right to the cash flows from the asset expire. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-294": { "value": "Trade and other receivables Trade and other receivables are initially recorded at the fair value of the amount receivable and subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Other receivables relate to balances with stock exchange member firms, other counter parties and unsettled client receivables. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-295": { "value": "Cash and cash equivalents Cash and cash equivalents include cash in hand, on-demand deposits with banks and other short-term highly-liquid investments with original maturities of one month or less, or those over which the Group has an immediate right of recall. Where appropriate, bank overdrafts are shown within borrowings in current liabilities in the consolidated statement of financial position. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-325": { "value": "Impairment of financial assets The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables and contract assets. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and number of days past due. The Group considers a trade receivable to be in default when it is past due by more than 90 days, or when the value of a client\u2019s receivable balance exceeds the value of the liquid assets they hold with AJ Bell. The expected loss rates are based on the payment profiles of sales over a period of 12 months before 30 September 2025 and the corresponding historical credit losses experienced within this period. The carrying amount of the financial assets is reduced by the use of a provision. When a trade receivable is considered uncollectable, it is written off against the provision. Changes in the carrying amount of the provision are recognised in the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-296": { "value": "Financial liabilities Financial liabilities are classified according to the substance of the contractual arrangements entered into. Lease liabilities Lease liabilities consist of amounts payable by the Group measured at the present value of lease payments to be made over the lease term. Other financial liabilities The Group\u2019s other financial liabilities comprise trade and other payables. Other financial liabilities are initially measured at fair value, net of transaction costs. They are subsequently carried at amortised cost using the effective interest rate method. A financial liability is derecognised when, and only when, the Group\u2019s obligations are discharged, cancelled or they expire. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-297": { "value": "Trade and other payables Trade and other payables consist of amounts payable to clients and other counterparties and obligations to pay suppliers for goods and services in the ordinary course of business, including amounts recognised as accruals. Trade and other payables are measured at amortised cost using the effective interest method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-256": { "value": "2.17 Employee benefit trusts The employee benefit trusts provide for the granting of shares, principally under share option schemes. AJ Bell plc is considered to have control of the trusts, and consolidates the assets and liabilities of the trusts into the Group. Shares of AJ Bell plc held by the trusts are treated as \u2018own shares\u2019 held and shown as a deduction from equity. Subsequent consideration received for the sale of such shares is also recognised in equity, with any difference between the sales proceeds and original cost being taken to equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-298": { "value": "2.18 Assets held for sale The Company classifies assets as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Assets classified as held for sale are measured at the lower of their carrying amount and fair value. The criteria for the held for sale classification is regarded as met only when the sale is highly probable, and the asset is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of classification. Assets classified as held for sale are presented separately as current assets in the statement of financial position.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-257": { "value": "2.18 Assets held for sale The Company classifies assets as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Assets classified as held for sale are measured at the lower of their carrying amount and fair value. The criteria for the held for sale classification is regarded as met only when the sale is highly probable, and the asset is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of classification. Assets classified as held for sale are presented separately as current assets in the statement of financial position.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-258": { "value": "
3 Critical accounting adjustments and key sources of estimation
uncertainty
In the application of the Group\u2019s material accounting policies, which are described in note 2, the
Directors are required to make judgements, estimates and assumptions to determine the carrying
amounts of certain assets and liabilities. The estimates and associated assumptions are based on
the Group\u2019s historical experience and other relevant factors. Actual results may differ from the
estimates applied.
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 if the revision affects only
that period, or in the period of the revision and future periods if the revision affects both current
and future periods.
There are no judgements made, in applying the material accounting policies, about the future, or
any other major sources of estimation uncertainty at the end of the reporting period, that have a
significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities
within the next financial year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-259": { "value": "
4 Segmental reporting
It is the view of the Directors that the Group has a single operating segment being investment
services in the advised and D2C space administering investments in SIPPs, ISAs and General
Investment / Dealing accounts. Details of the Group\u2019s revenue, results and assets and liabilities for
the reportable segment are shown within the consolidated income statement and consolidated
statement of financial position on pages 125 and 126 respectively.
The Group operates in one geographical segment, being the UK.
Due to the nature of its activities, the Group is not reliant on any one customer or group of customers
for generation of revenues.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-260": { "value": "
5 Revenue
The analysis of the consolidated revenue is as follows:
2025 2024
\u00a3000 \u00a3000
Recurring fixed
32,496
32,078
Recurring ad valorem
232,384
202,040
Transactional
52,967
35,317
317,847
269,435
Recurring ad valorem fees include custody fees. These recurring charges are derived from the
market value of retail customer assets, based on asset mix and portfolio size, and are therefore
subject to market and economic risks. The rate charged is variable dependent on the product,
portfolio size and asset mix within the portfolio. The risks associated with this revenue stream,
in terms of its nature and uncertainty, are discussed further within note 25 on page 149.
Recurring ad valorem fees also include retained interest income earned on the level of customer
cash balances, which are based on product type, customers\u2019 asset mix and portfolio size and are
therefore subject to market and economic risks. The risks associated with this revenue stream,
in terms of its nature and uncertainty, are discussed further within note 25 on page 149.
The total revenue for the Group has been derived from its principal activities undertaken in the
United Kingdom.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-261": { "value": "
6 Operating profit
Profit for the financial year has been arrived at after charging:
2025 2024
\u00a3000 \u00a3000
Amortisation of intangible assets (note 14)
816
430
Depreciation of property, plant and equipment (note 15)
1,258
1,170
Depreciation of right-of-use assets (note 16)
2,006
1,832
Loss on the disposal of property, plant and equipment, and right-of-use
assets
37
340
Auditors\u2019 remuneration (see below)
1,324
1,101
Provisions for redress (note 22)
-
6,239
Exceptional costs
1,141
-
Staff costs (note 7)
96,203
80,340
During the year there was \u00a32,068,000 in relation to research and development expensed to the
income statement (2024: \u00a3nil).
Exceptional costs relate to the transaction costs associated with the disposal of the Platinum SIPP
and SASS business.
Auditors\u2019 remuneration
The analysis of auditors\u2019 remuneration is as follows:
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
annual accounts
409
345
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
subsidiaries\u2019 accounts, pursuant to legislation
510
494
Audit-related assurance services
391
199
Other assurance services
14
63
Total
1
1,324
1,101
1 \u00a345,000 relates to the audit for the year ended 2024 but was charged and recognised in 2025 (2024: \u00a390,000 relates to the
audit for the year ended 2023).
Of the above, audit-related services for the year totalled \u00a31,310,000 (2024: \u00a31,072,000).
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-337": { "value": "6 Operating profit Profit for the financial year has been arrived at after charging:
2025 2024
\u00a3000 \u00a3000
Amortisation of intangible assets (note 14)
816
430
Depreciation of property, plant and equipment (note 15)
1,258
1,170
Depreciation of right-of-use assets (note 16)
2,006
1,832
Loss on the disposal of property, plant and equipment, and right-of-use
assets
37
340
Auditors\u2019 remuneration (see below)
1,324
1,101
Provisions for redress (note 22)
-
6,239
Exceptional costs
1,141
-
Staff costs (note 7)
96,203
80,340
During the year there was \u00a32,068,000 in relation to research and development expensed to the income statement (2024: \u00a3nil). Exceptional costs relate to the transaction costs associated with the disposal of the Platinum SIPP and SASS business. Auditors\u2019 remuneration The analysis of auditors\u2019 remuneration is as follows:
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
annual accounts
409
345
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
subsidiaries\u2019 accounts, pursuant to legislation
510
494
Audit-related assurance services
391
199
Other assurance services
14
63
Total
1
1,324
1,101
1 \u00a345,000 relates to the audit for the year ended 2024 but was charged and recognised in 2025 (2024: \u00a390,000 relates to the audit for the year ended 2023). Of the above, audit-related services for the year totalled \u00a31,310,000 (2024: \u00a31,072,000). ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-332": { "value": "6 Operating profit Profit for the financial year has been arrived at after charging:
2025 2024
\u00a3000 \u00a3000
Amortisation of intangible assets (note 14)
816
430
Depreciation of property, plant and equipment (note 15)
1,258
1,170
Depreciation of right-of-use assets (note 16)
2,006
1,832
Loss on the disposal of property, plant and equipment, and right-of-use
assets
37
340
Auditors\u2019 remuneration (see below)
1,324
1,101
Provisions for redress (note 22)
-
6,239
Exceptional costs
1,141
-
Staff costs (note 7)
96,203
80,340
During the year there was \u00a32,068,000 in relation to research and development expensed to the income statement (2024: \u00a3nil). Exceptional costs relate to the transaction costs associated with the disposal of the Platinum SIPP and SASS business. Auditors\u2019 remuneration The analysis of auditors\u2019 remuneration is as follows:
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
annual accounts
409
345
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
subsidiaries\u2019 accounts, pursuant to legislation
510
494
Audit-related assurance services
391
199
Other assurance services
14
63
Total
1
1,324
1,101
1 \u00a345,000 relates to the audit for the year ended 2024 but was charged and recognised in 2025 (2024: \u00a390,000 relates to the audit for the year ended 2023). Of the above, audit-related services for the year totalled \u00a31,310,000 (2024: \u00a31,072,000). ", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-326": { "value": "6 Operating profit Profit for the financial year has been arrived at after charging:
2025 2024
\u00a3000 \u00a3000
Amortisation of intangible assets (note 14)
816
430
Depreciation of property, plant and equipment (note 15)
1,258
1,170
Depreciation of right-of-use assets (note 16)
2,006
1,832
Loss on the disposal of property, plant and equipment, and right-of-use
assets
37
340
Auditors\u2019 remuneration (see below)
1,324
1,101
Provisions for redress (note 22)
-
6,239
Exceptional costs
1,141
-
Staff costs (note 7)
96,203
80,340
During the year there was \u00a32,068,000 in relation to research and development expensed to the income statement (2024: \u00a3nil). Exceptional costs relate to the transaction costs associated with the disposal of the Platinum SIPP and SASS business. Auditors\u2019 remuneration The analysis of auditors\u2019 remuneration is as follows:
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
annual accounts
409
345
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
subsidiaries\u2019 accounts, pursuant to legislation
510
494
Audit-related assurance services
391
199
Other assurance services
14
63
Total
1
1,324
1,101
1 \u00a345,000 relates to the audit for the year ended 2024 but was charged and recognised in 2025 (2024: \u00a390,000 relates to the audit for the year ended 2023). Of the above, audit-related services for the year totalled \u00a31,310,000 (2024: \u00a31,072,000). ", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-299": { "value": "Profit for the financial year has been arrived at after charging:
2025 2024
\u00a3000 \u00a3000
Amortisation of intangible assets (note 14)
816
430
Depreciation of property, plant and equipment (note 15)
1,258
1,170
Depreciation of right-of-use assets (note 16)
2,006
1,832
Loss on the disposal of property, plant and equipment, and right-of-use
assets
37
340
Auditors\u2019 remuneration (see below)
1,324
1,101
Provisions for redress (note 22)
-
6,239
Exceptional costs
1,141
-
Staff costs (note 7)
96,203
80,340
During the year there was \u00a32,068,000 in relation to research and development expensed to the income statement (2024: \u00a3nil). Exceptional costs relate to the transaction costs associated with the disposal of the Platinum SIPP and SASS business. 15 Property, plant and equipment
Leasehold Office Computer
improvements equipment equipment Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
2,387
1,008
7,3 74
10,769
Additions
645
7
824
1,476
Disposals
(3)
(529)
(1,187)
(1,719)
Transfers
\u2013
20
(20)
\u2013
At 30 September 2024
3,029
506
6,991
10,526
Additions
87
114
1,039
1,240
Disposals
(140)
(52)
(662)
(854)
Transfers
\u2013
43
(43)
\u2013
At 30 September 2025
2,976
611
7,325
10,912
Depreciation
At 1 October 2023
996
917
5,047
6,960
Charge for the year
204
23
943
1,170
Eliminated on disposal
(2)
(496)
(883)
(1,381)
Transfers
\u2013
36
(36)
\u2013
At 30 September 2024
1,198
480
5,071
6,749
Charge for the year
326
39
893
1,258
Eliminated on disposal
(138)
(52)
(627)
(817)
At 30 September 2025
1,386
467
5,337
7,190
Carrying amount
At 30 September 2025
1,590
144
1,988
3,722
At 30 September 2024
1,831
26
1,920
3,777
At 30 September 2023
1,391
91
2,327
3,809
The depreciation charge above is included within administrative expenses in the income statement. At the year end, the Group had entered into contractual commitments for the acquisition of property, plant and equipment to the value of \u00a319,000 (2024: \u00a3177,000). Computer equipment includes assets under construction of \u00a3533,000 (2024: \u00a3117,000) which are currently not depreciated. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-300": { "value": "Auditors\u2019 remuneration The analysis of auditors\u2019 remuneration is as follows:
2025 2024
\u00a3000 \u00a3000
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
annual accounts
409
345
Fees payable to the Company\u2019s auditor for the audit of the Company\u2019s
subsidiaries\u2019 accounts, pursuant to legislation
510
494
Audit-related assurance services
391
199
Other assurance services
14
63
Total
1
1,324
1,101
1 \u00a345,000 relates to the audit for the year ended 2024 but was charged and recognised in 2025 (2024: \u00a390,000 relates to the audit for the year ended 2023). Of the above, audit-related services for the year totalled \u00a31,310,000 (2024: \u00a31,072,000). ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-262": { "value": "
7 Staff costs
The average monthly number of employees (including Executive Directors) of the Group was:
2025 2024
No. No.
Operational and support
947
928
Technology
367
330
Distribution
191
163
1,50 5
1,421
Employee benefit expense for the Group during the year:
2024
2025
(re-presented)
1
\u00a3000 \u00a3000
Wages and salaries
77, 275
66,916
Social security costs
9,622
7, 50 5
Retirement benefit costs
4,538
3,675
Termination benefits
668
742
Share-based payments (note 24)
4,100
1,502
96,203
80,340
1 The comparative information has been re-presented for the reclassification of employee pension contributions to accurately
reflect the categorisation of staff costs; this resulted in an increase to wages and salaries and a reduction in retirement benefit
costs of \u00a34,752,00. Total costs were not impacted.
In addition to the above, \u00a31,196,000 staff costs (2024: \u00a31,472,000) have been capitalised as an
internally-generated intangible asset (see note 14).
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-333": { "value": "
8 Investment income
2025 2024
\u00a3000 \u00a3000
Interest income on cash balances
6,800
6,909
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-327": { "value": "8 Investment income
2025 2024
\u00a3000 \u00a3000
Interest income on cash balances
6,800
6,909
9 Finance costs
2025 2024
\u00a3000 \u00a3000
Interest on lease liabilities
931
904
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-263": { "value": "
9 Finance costs
2025 2024
\u00a3000 \u00a3000
Interest on lease liabilities
931
904
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-301": { "value": "9 Finance costs
2025 2024
\u00a3000 \u00a3000
Interest on lease liabilities
931
904
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-334": { "value": "9 Finance costs
2025 2024
\u00a3000 \u00a3000
Interest on lease liabilities
931
904
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-264": { "value": "
10 Taxation
Tax charged in the income statement:
2025 2024
\u00a3000 \u00a3000
Current taxation
UK Corporation Tax
35,997
29,564
Adjustment to current tax in respect of prior periods
(102)
(12)
35,895
29,552
Deferred taxation
Origination and reversal of temporary differences
(3,293)
(537)
Adjustment to deferred tax in respect of prior periods
103
(27)
(3,190)
(564)
Total tax expense
32,705
28,988
Corporation Tax is calculated at 25% of the estimated assessable profit for the year to 30 September
2025 (2024: 25%).
In addition to the amount charged to the income statement, certain tax amounts have been
credited directly to equity as follows:
2025 2024
\u00a3000 \u00a3000
Deferred tax relating to share-based payments (note 18)
(714)
(498)
Current tax relief on exercise of share options
(178)
(9)
(892)
(507)
The charge for the year can be reconciled to the profit per the income statement as follows:
2025 2024
\u00a3000 \u00a3000
Profit before tax
137,826
113,283
UK Corporation Tax at 25% (2024: 25%)
34,457
28,321
Effects of:
Expenses not deductible for tax purposes
403
363
Income not taxable in determining taxable profit
\u2013
(461)
Amounts not recognised
3
804
Pre-trading expenditure recognised as a deferred tax asset
(2,159)
\u2013
Adjustments to current and deferred tax in respect of prior periods
1
(39)
32,705
28,988
Effective tax rate
23.7%
25.6%
A deferred tax asset of \u00a33,000,001 has been recognised for the first time in the year (note 18), of
which \u00a32,159,000 is related to pre-trading losses incurred up to and including 30 September 2024.
Deferred tax has been recognised at 25%, being the rate expected to be in force at the time of the
reversal of the temporary difference (2024: 25%). A deferred tax asset in respect of future share
option deductions has been recognised based on the Company\u2019s share price at 30 September 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-265": { "value": "
11 Dividends
2025 2024
\u00a3000 \u00a3000
Amounts recognised as distributions to equity holders during the year:
Final dividend for the year ended 30 September 2024 of 8.25p per share
(2023: 7.25p per share)
34,019
29,891
Interim dividend for the year ended 30 September 2025 of 4.50p per
share (2024: 4.25p per share)
18,269
17, 525
Total dividends paid
52,288
47,416
Proposed final dividend for the year ended 30 September 2025 of
9.75p per share (2024: 8. 25p per share)
39, 3 4 8
3 4,019
A final dividend declared of 9.75p per share is payable on 13 February 2026 to shareholders on
the register on 16 January 2026. The ex-dividend date will be 15 January 2026. The final dividend
is subject to approval by the shareholders at the Annual General Meeting on 4 February 2026 and
has not been included as a liability within these financial statements.
Dividends are payable on all ordinary shares as disclosed in note 23.
The employee benefit trusts, which held 292,278 ordinary shares (2024: 689,728) in AJ Bell plc
at 30 September 2025, have agreed to waive all dividends. This represented 0.1% (2024: 0.2%) of
the Company\u2019s called-up share capital. The maximum amount of shares held by the trusts during
the year was 689,728.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-302": { "value": "0.0975", "decimals": 4, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-303": { "value": "0.0825", "decimals": 4, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact-304": { "value": "39348000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-305": { "value": "34019000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2023-10-01T00:00:00/2024-10-01T00:00:00", "unit": "iso4217:GBP" } }, "fact-266": { "value": "
12 Earnings per share
Basic earnings per share is calculated by dividing the profit attributable to the owners of the Parent
Company by the weighted average number of ordinary shares, excluding own shares, in issue during
the year.
Diluted earnings per share is calculated by adjusting the weighted average number of shares to assume
exercise of all potentially dilutive share options.
The weighted average number of anti-dilutive share options and awards excluded from the
calculation of diluted earnings per share was nil as at 30 September 2025 (2024: 219,558).
The calculation of basic and diluted earnings per share is based on the following data:
2025 2024
\u00a3000 \u00a3000
Earnings
Earnings for the purposes of basic and diluted earnings per share
being profit attributable to the owners of the Parent Company
105,121
84,295
2025 2024
No. No.
Number of shares
Weighted average number of ordinary shares for the purposes of
basic EPS in issue during the year
409,332,625
412,040,137
Effect of potentially dilutive share options
1,941,713
2,313,011
Weighted average number of ordinary shares for the purposes of fully
diluted EPS
411,274,338
414,353,148
2025
2024
Earnings per share (EPS)
Basic (pence)
25.68
20.46
Diluted (pence)
25.56
20.34
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-267": { "value": "
13 Goodwill
2025 2024
\u00a3000 \u00a3000
Cost
As at 1 October and 30 September
7,103
7,1
0 3
Impairment
As at 1 October and 30 September
(112)
(112)
Carrying value at 30 September
6,991
6,991
Goodwill relates to acquisitions allocated to the Group\u2019s single cash generating unit (CGU).
The Group tests goodwill annually for impairment or more frequently if there are indications that
goodwill might be impaired.
The recoverable amount of the assets within the CGU is determined using value-in-use calculations.
In assessing the value-in-use the estimated future cash flows of the CGU are discounted to their
present value using a pre-tax discount rate. Cash flows are based upon the most recent forecasts,
approved by the Board, covering a three-year period.
The key assumptions for value-in-use calculations are those regarding discount rate, growth rates
and expected changes to revenues and costs in the period, as follows:
\u2022 a compound rate of 10.9% (2024: 6.4%) has been used to assess the expected growth in revenue
for the three-year forecast period. This is based on a combination of historical and expected
future performance;
\u2022 benefits realised from our economies of scale are passed onto customers in the form of price
reductions; and
\u2022 modest ongoing maintenance expenditure is required on the assets within the CGU in order
to generate the expected level of cash flows.
The Directors have made these assumptions based upon past experience and future expectations
in the light of anticipated market conditions and the results of streamlining processes through
implementation of the target operating model for customer services.
Cash flows have been discounted using a pre-tax discount rate of 11.7% (2024: 11.4%).
The pre-tax discount rate has been calculated using an independent external source. The Directors
have performed sensitivity analysis on their calculations, with key assumptions being revised adversely
to reflect the potential for future performance being below expected levels. Changes to revenue are
the most sensitive as they would have the greatest impact on future cash flows. However, even with
a 25% reduction in revenue, there would still be sufficient headroom to support the carrying value
of the assets under the CGU.
Based upon the review above the estimated value-in-use of the CGU comfortably supports the
carrying value of the assets held within it, and so the Directors are satisfied that for the year ended
30 September 2025 goodwill is not impaired.
14 Other intangible assets
Computer
software and
Key operating mobile
system applications Total
\u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
15,136
7,0 07
22,143
Additions
537
1
538
Disposals
\u2013
(238)
(238)
At 30 September 2024
15,673
6,770
22,443
Additions
1,270
\u2013
1,270
Transfers
(2,928)
2,928
\u2013
At 30 September 2025
14,015
9,698
23,713
Amortisation
As at 1 October 2023
7,8 65
6,845
14,710
Amortisation
338
92
430
Eliminated on disposal
\u2013
(237)
(237)
At 30 September 2024
8,203
6,700
14,903
Amortisation
506
310
816
At 30 September 2025
8,709
7,010
15,719
Carrying amount
At 30 September 2025
5,306
2,688
7,9 94
At 30 September 2024
7,470
70
7,5 4 0
At 30 September 2023
7, 271
162
7,433
Average remaining amortisation period
1 year
2 years
The amortisation and impairment charge above is included within administrative expenses in the
income statement.
Additions include an amount of \u00a31,270,000 relating to internally-generated assets for the year
ended 30 September 2025 (2024: \u00a3537,000), of which \u00a374,000 relates to capitalised share-based
payment expenses (2024: \u00a3935,000 reversal of capitalised share-based payment expenses due to
the lapse of previously issued equity instruments under the earn-out arrangement). The transfer of
\u00a32,928,000 from key operating systems to mobile applications during the year represents the
reallocation of an asset under construction following the launch of AJ Bell Touch.
The net carrying amount of key operating systems includes \u00a3237,000 (2024: \u00a36,967,000) relating to
assets in development which are currently not amortised. At the year end, the Group had entered into
contractual commitments for the acquisition of intangible assets to the value of \u00a31,437,000 (2024: \u00a3nil).
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-306": { "value": "13 Goodwill
2025 2024
\u00a3000 \u00a3000
Cost
As at 1 October and 30 September
7,103
7,1
0 3
Impairment
As at 1 October and 30 September
(112)
(112)
Carrying value at 30 September
6,991
6,991
Goodwill relates to acquisitions allocated to the Group\u2019s single cash generating unit (CGU). The Group tests goodwill annually for impairment or more frequently if there are indications that goodwill might be impaired. The recoverable amount of the assets within the CGU is determined using value-in-use calculations. In assessing the value-in-use the estimated future cash flows of the CGU are discounted to their present value using a pre-tax discount rate. Cash flows are based upon the most recent forecasts, approved by the Board, covering a three-year period. The key assumptions for value-in-use calculations are those regarding discount rate, growth rates and expected changes to revenues and costs in the period, as follows: \u2022 a compound rate of 10.9% (2024: 6.4%) has been used to assess the expected growth in revenue for the three-year forecast period. This is based on a combination of historical and expected future performance; \u2022 benefits realised from our economies of scale are passed onto customers in the form of price reductions; and \u2022 modest ongoing maintenance expenditure is required on the assets within the CGU in order to generate the expected level of cash flows. The Directors have made these assumptions based upon past experience and future expectations in the light of anticipated market conditions and the results of streamlining processes through implementation of the target operating model for customer services. Cash flows have been discounted using a pre-tax discount rate of 11.7% (2024: 11.4%). The pre-tax discount rate has been calculated using an independent external source. The Directors have performed sensitivity analysis on their calculations, with key assumptions being revised adversely to reflect the potential for future performance being below expected levels. Changes to revenue are the most sensitive as they would have the greatest impact on future cash flows. However, even with a 25% reduction in revenue, there would still be sufficient headroom to support the carrying value of the assets under the CGU. Based upon the review above the estimated value-in-use of the CGU comfortably supports the carrying value of the assets held within it, and so the Directors are satisfied that for the year ended 30 September 2025 goodwill is not impaired.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-307": { "value": "14 Other intangible assets
Computer
software and
Key operating mobile
system applications Total
\u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
15,136
7,0 07
22,143
Additions
537
1
538
Disposals
\u2013
(238)
(238)
At 30 September 2024
15,673
6,770
22,443
Additions
1,270
\u2013
1,270
Transfers
(2,928)
2,928
\u2013
At 30 September 2025
14,015
9,698
23,713
Amortisation
As at 1 October 2023
7,8 65
6,845
14,710
Amortisation
338
92
430
Eliminated on disposal
\u2013
(237)
(237)
At 30 September 2024
8,203
6,700
14,903
Amortisation
506
310
816
At 30 September 2025
8,709
7,010
15,719
Carrying amount
At 30 September 2025
5,306
2,688
7,9 94
At 30 September 2024
7,470
70
7,5 4 0
At 30 September 2023
7, 271
162
7,433
Average remaining amortisation period
1 year
2 years
The amortisation and impairment charge above is included within administrative expenses in the income statement. Additions include an amount of \u00a31,270,000 relating to internally-generated assets for the year ended 30 September 2025 (2024: \u00a3537,000), of which \u00a374,000 relates to capitalised share-based payment expenses (2024: \u00a3935,000 reversal of capitalised share-based payment expenses due to the lapse of previously issued equity instruments under the earn-out arrangement). The transfer of \u00a32,928,000 from key operating systems to mobile applications during the year represents the reallocation of an asset under construction following the launch of AJ Bell Touch. The net carrying amount of key operating systems includes \u00a3237,000 (2024: \u00a36,967,000) relating to assets in development which are currently not amortised. At the year end, the Group had entered into contractual commitments for the acquisition of intangible assets to the value of \u00a31,437,000 (2024: \u00a3nil).", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-268": { "value": "
15 Property, plant and equipment
Leasehold Office Computer
improvements equipment equipment Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
2,387
1,008
7,3 74
10,769
Additions
645
7
824
1,476
Disposals
(3)
(529)
(1,187)
(1,719)
Transfers
\u2013
20
(20)
\u2013
At 30 September 2024
3,029
506
6,991
10,526
Additions
87
114
1,039
1,240
Disposals
(140)
(52)
(662)
(854)
Transfers
\u2013
43
(43)
\u2013
At 30 September 2025
2,976
611
7,325
10,912
Depreciation
At 1 October 2023
996
917
5,047
6,960
Charge for the year
204
23
943
1,170
Eliminated on disposal
(2)
(496)
(883)
(1,381)
Transfers
\u2013
36
(36)
\u2013
At 30 September 2024
1,198
480
5,071
6,749
Charge for the year
326
39
893
1,258
Eliminated on disposal
(138)
(52)
(627)
(817)
At 30 September 2025
1,386
467
5,337
7,190
Carrying amount
At 30 September 2025
1,590
144
1,988
3,722
At 30 September 2024
1,831
26
1,920
3,777
At 30 September 2023
1,391
91
2,327
3,809
The depreciation charge above is included within administrative expenses in the income statement.
At the year end, the Group had entered into contractual commitments for the acquisition of property,
plant and equipment to the value of \u00a319,000 (2024: \u00a3177,000).
Computer equipment includes assets under construction of \u00a3533,000 (2024: \u00a3117,000) which are
currently not depreciated.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-269": { "value": "
16 Leases
i) Right-of-use assets
Computer
and office
Property equipment Total
\u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
16,857
267
17,124
Additions
2,759
36
2,795
Disposals
\u2013
(1)
(1)
At 30 September 2024
19,616
302
19,918
Additions
800
1
801
Disposals
(1,372)
\u2013
(1,372)
At 30 September 2025
19,044
303
19,347
Depreciation
At 1 October 2023
6,098
226
6,324
Charge for the year
1,799
33
1,832
At 30 September 2024
7,8 97
259
8,156
Charge for the year
1,974
32
2,006
Eliminated on disposal
(1,372)
\u2013
(1,372)
At 30 September 2025
8,499
291
8,790
Carrying amount
At 30 September 2025
10,545
12
10,557
At 30 September 2024
11,719
43
11,762
At 30 September 2023
10,759
41
10,800
The depreciation charge above is included within administrative expenses in the income statement.
The Group has entered into various leases in respect of property and office equipment as a lessee.
Lease terms are negotiated on an individual basis and contain a range of different terms and
conditions. Property leases typically run for a period of five to fifteen years and office equipment
for a period of one to six years.
Additions include \u00a3267,000 relating to the increase in the Group\u2019s dilapidation provision
(2024: \u00a3441,000) (see note 22).
Disposals include \u00a31,372,000 relating to the derecognition of an office building following expiration
of the lease. Other than property and office equipment there are no further classes of assets leased
by the Group.
ii) Lease liabilities
2025 2024
\u00a3000 \u00a3000
Current
2,216
1,453
Non-current
9,842
11,724
12,058
13,177
The undiscounted maturity analysis of lease liabilities is shown below:
2025 2024
\u00a3000 \u00a3000
Within one year
3,004
2,363
In the second to fifth years inclusive
9,975
10,572
After five years
1,544
3,603
Total minimum lease payments
14,523
16,538
The total lease interest expense for the year ended 30 September 2025 was \u00a3931,000
(2024: \u00a3904,000). Principal cash outflow for leases accounted for under IFRS 16 Leases for
the year ended 30 September 2025 was \u00a31,654,000 (2024: \u00a31,583,000).
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-308": { "value": "i) Right-of-use assets
Computer
and office
Property equipment Total
\u00a3000 \u00a3000 \u00a3000
Cost
At 1 October 2023
16,857
267
17,124
Additions
2,759
36
2,795
Disposals
\u2013
(1)
(1)
At 30 September 2024
19,616
302
19,918
Additions
800
1
801
Disposals
(1,372)
\u2013
(1,372)
At 30 September 2025
19,044
303
19,347
Depreciation
At 1 October 2023
6,098
226
6,324
Charge for the year
1,799
33
1,832
At 30 September 2024
7,8 97
259
8,156
Charge for the year
1,974
32
2,006
Eliminated on disposal
(1,372)
\u2013
(1,372)
At 30 September 2025
8,499
291
8,790
Carrying amount
At 30 September 2025
10,545
12
10,557
At 30 September 2024
11,719
43
11,762
At 30 September 2023
10,759
41
10,800
The depreciation charge above is included within administrative expenses in the income statement. The Group has entered into various leases in respect of property and office equipment as a lessee. Lease terms are negotiated on an individual basis and contain a range of different terms and conditions. Property leases typically run for a period of five to fifteen years and office equipment for a period of one to six years. Additions include \u00a3267,000 relating to the increase in the Group\u2019s dilapidation provision (2024: \u00a3441,000) (see note 22). Disposals include \u00a31,372,000 relating to the derecognition of an office building following expiration of the lease. Other than property and office equipment there are no further classes of assets leased by the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-270": { "value": "
17 Subsidiaries
The Group consists of a Parent Company, AJ Bell plc incorporated within the UK, and a number of
subsidiaries held directly and indirectly by AJ Bell plc which operate and are incorporated in the UK.
Note 6 to the Company\u2019s separate financial statements lists details of the interests in subsidiaries.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-309": { "value": "
18 Deferred tax asset
2025 2024
\u00a3000 \u00a3000
Deferred tax asset
5,848
1,869
Deferred tax liability
(398)
(323)
5,450
1,546
The movement on the deferred tax account and movement between deferred tax assets and liabilities is as follows:
Accelerated Short-term
capital Share-based timing
allowances payments differences Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
At 1 October 2023
(515)
738
261
484
Credit / (charge) to income statement
192
393
(21)
564
Credit to equity
\u2013
498
\u2013
498
At 30 September 2024
(323)
1,629
240
1,546
(Charge) / credit to income statement
(75)
239
3,026
3,190
Credit to equity
\u2013
714
\u2013
714
At 30 September 2025
(398)
2,582
3,266
5,450
The current year deferred tax adjustment relating to share-based payments reflects the estimated total future tax relief associated with the cumulative share-based payment benefit arising in respect of share options granted but unexercised as at 30 September 2025. Deferred tax assets have been recognised in respect of other temporary differences giving rise to deferred tax assets where it is probable that these assets will be recovered. During the year a deferred tax asset of \u00a33,001,000 has been recognised on pre-trading expenditure of \u00a312,004,000 (2024: \u00a3nil)", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-271": { "value": "
19 Trade and other receivables
2025 2024
\u00a3000 \u00a3000
Trade receivables
1,478
3,409
Prepayments
9,478
7, 81 2
Accrued income
35,711
37, 327
Other receivables
21,783
10,997
68,450
59,545
The Directors consider that the carrying amount of trade and other receivables approximates their
fair value. Included within other receivables are balances with stock exchange member firms, other
counter parties and unsettled client receivables.
The ageing profile of trade receivables was as follows:
2025 2024
\u00a3000 \u00a3000
Current \u2013 not past due
1,064
2,202
Past due:
0 to 30 days
7
449
31 to 60 days
33
168
61 to 90 days
39
164
91 days and over
1,490
1,414
2,633
4,397
Provision for impairment
(1,155)
(988)
1,478
3,409
The movement in the provision for impairment of trade receivables is as follows:
2025 2024
\u00a3000 \u00a3000
Opening loss allowance as at 1 October
988
793
Loss allowance recognised
305
308
Receivables written off during the year as uncollectable
(81)
(89)
Unused amount reversed
(57)
(24)
Balance at end of year
1,155
988
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-328": { "value": "19 Trade and other receivables
2025 2024
\u00a3000 \u00a3000
Trade receivables
1,478
3,409
Prepayments
9,478
7, 81 2
Accrued income
35,711
37, 327
Other receivables
21,783
10,997
68,450
59,545
The Directors consider that the carrying amount of trade and other receivables approximates their fair value. Included within other receivables are balances with stock exchange member firms, other counter parties and unsettled client receivables. ", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-310": { "value": "19 Trade and other receivables
2025 2024
\u00a3000 \u00a3000
Trade receivables
1,478
3,409
Prepayments
9,478
7, 81 2
Accrued income
35,711
37, 327
Other receivables
21,783
10,997
68,450
59,545
The Directors consider that the carrying amount of trade and other receivables approximates their fair value. Included within other receivables are balances with stock exchange member firms, other counter parties and unsettled client receivables. The ageing profile of trade receivables was as follows:
2025 2024
\u00a3000 \u00a3000
Current \u2013 not past due
1,064
2,202
Past due:
0 to 30 days
7
449
31 to 60 days
33
168
61 to 90 days
39
164
91 days and over
1,490
1,414
2,633
4,397
Provision for impairment
(1,155)
(988)
1,478
3,409
The movement in the provision for impairment of trade receivables is as follows:
2025 2024
\u00a3000 \u00a3000
Opening loss allowance as at 1 October
988
793
Loss allowance recognised
305
308
Receivables written off during the year as uncollectable
(81)
(89)
Unused amount reversed
(57)
(24)
Balance at end of year
1,155
988
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-272": { "value": "
20 Cash and cash equivalents
2025 2024
\u00a3000 \u00a3000
Group cash and cash equivalent balances
188,192
196,651
Cash and cash equivalents at 30 September 2025 and 30 September 2024 are considered to be
holdings of less than one month, or those over which the Group has an immediate right of recall.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-273": { "value": "
21 Trade and other payables
2025 2024
\u00a3000 \u00a3000
Trade payables
1,937
463
Social security and other taxes
3,806
3,822
Other payables
968
749
Accruals
55,699
54,661
Deferred income
2,111
2,226
64,521
61,921
Trade payables, accruals and deferred income principally comprise amounts outstanding for
trade purposes including payment of interest to customers and ongoing costs of the business.
The Directors consider that the carrying amount of trade payables approximates their fair value.
Deferred income in the current and prior year relates to contract liabilities. The prior year deferred
income balance has now all been recognised as revenue and the current year balance all relates to
cash received in the current period. Total deferred income as at 30 September 2025 is expected to
be recognised as revenue in the coming year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-329": { "value": "21 Trade and other payables
2025 2024
\u00a3000 \u00a3000
Trade payables
1,937
463
Social security and other taxes
3,806
3,822
Other payables
968
749
Accruals
55,699
54,661
Deferred income
2,111
2,226
64,521
61,921
Trade payables, accruals and deferred income principally comprise amounts outstanding for trade purposes including payment of interest to customers and ongoing costs of the business. The Directors consider that the carrying amount of trade payables approximates their fair value. Deferred income in the current and prior year relates to contract liabilities. The prior year deferred income balance has now all been recognised as revenue and the current year balance all relates to cash received in the current period. Total deferred income as at 30 September 2025 is expected to be recognised as revenue in the coming year. ", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-311": { "value": "21 Trade and other payables
2025 2024
\u00a3000 \u00a3000
Trade payables
1,937
463
Social security and other taxes
3,806
3,822
Other payables
968
749
Accruals
55,699
54,661
Deferred income
2,111
2,226
64,521
61,921
Trade payables, accruals and deferred income principally comprise amounts outstanding for trade purposes including payment of interest to customers and ongoing costs of the business. The Directors consider that the carrying amount of trade payables approximates their fair value. Deferred income in the current and prior year relates to contract liabilities. The prior year deferred income balance has now all been recognised as revenue and the current year balance all relates to cash received in the current period. Total deferred income as at 30 September 2025 is expected to be recognised as revenue in the coming year.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-274": { "value": "
22 Provisions
Office Redress Other
dilapidations provision provision Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
At 1 October 2024
2,606
7,017
170
9,793
Additional provisions
267
\u2013
306
573
Provisions used
(130)
(1,013)
(70)
(1,213)
Unused provision reversed
(104)
\u2013
\u2013
(104)
At 30 September 2025
2,639
6,004
406
9,049
Included in current liabilities
\u2013
6,004
406
6,410
Included in non-current liabilities
2,639
\u2013
\u2013
2,639
Office dilapidations
The Group is contractually obliged to reinstate its leased properties to their original state and layout
at the end of the lease terms. During the year, management reviewed the Group\u2019s dilapidation
provision and the assumptions on which the provision is based. The estimate is based upon property
location, size of property and an estimate of the charge per square foot. A further charge of \u00a3267,000
has been recognised, due to an increase in the estimated charge per square foot. The office
dilapidations provision represents management\u2019s best estimate of the costs which will ultimately
be incurred in settling these obligations.
Redress provision
The provision has been recognised in relation to costs for potential customer redress. The redress
relates to potential liability for historical SIPP operator due diligence issues in respect of non-
mainstream investments, which subsequently became distressed, made by customers who had
regulated financial advisers acting for them between April 2007 and 2014 and does not relate
to ongoing business operations. Based on published Financial Ombudsman Service decisions,
we believe that future complaints would be time-limited.
The figure represents our current most reliable estimate of the present obligation, accepting that
there is still some uncertainty regarding the amounts required to settle the obligations as work is
ongoing. The estimate has been made by assessing a range of different outcomes based on key
assumptions, including the calculation of investment loss and application of limitation. Sensitivity
analysis of these key assumptions would be unlikely to have a material impact on the consolidated
financial statements.
Although the timings of the outflows are not determined, we expect payment to be made within
12 months of the reporting date.
Other provisions
The other provisions relate to the costs associated with defending a small number of legal cases.
The timings of the outflows are uncertain and could be paid within 12 months of the reporting date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-312": { "value": "22 Provisions
Office Redress Other
dilapidations provision provision Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
At 1 October 2024
2,606
7,017
170
9,793
Additional provisions
267
\u2013
306
573
Provisions used
(130)
(1,013)
(70)
(1,213)
Unused provision reversed
(104)
\u2013
\u2013
(104)
At 30 September 2025
2,639
6,004
406
9,049
Included in current liabilities
\u2013
6,004
406
6,410
Included in non-current liabilities
2,639
\u2013
\u2013
2,639
Office dilapidations The Group is contractually obliged to reinstate its leased properties to their original state and layout at the end of the lease terms. During the year, management reviewed the Group\u2019s dilapidation provision and the assumptions on which the provision is based. The estimate is based upon property location, size of property and an estimate of the charge per square foot. A further charge of \u00a3267,000 has been recognised, due to an increase in the estimated charge per square foot. The office dilapidations provision represents management\u2019s best estimate of the costs which will ultimately be incurred in settling these obligations. Redress provision The provision has been recognised in relation to costs for potential customer redress. The redress relates to potential liability for historical SIPP operator due diligence issues in respect of non- mainstream investments, which subsequently became distressed, made by customers who had regulated financial advisers acting for them between April 2007 and 2014 and does not relate to ongoing business operations. Based on published Financial Ombudsman Service decisions, we believe that future complaints would be time-limited. The figure represents our current most reliable estimate of the present obligation, accepting that there is still some uncertainty regarding the amounts required to settle the obligations as work is ongoing. The estimate has been made by assessing a range of different outcomes based on key assumptions, including the calculation of investment loss and application of limitation. Sensitivity analysis of these key assumptions would be unlikely to have a material impact on the consolidated financial statements. Although the timings of the outflows are not determined, we expect payment to be made within 12 months of the reporting date. Other provisions The other provisions relate to the costs associated with defending a small number of legal cases. The timings of the outflows are uncertain and could be paid within 12 months of the reporting date.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-275": { "value": "
23 Share capital
2025 2024 2025 2024
Issued, fully-called and paid: Number Number \u00a3 \u00a3
Ordinary shares of 0.0125p each
403,862,576
413,044,826
50,483
51,631
All ordinary shares have full voting and dividend rights.
The following transactions have taken place during the year:
Share
Number of premium
Transaction type
Share class
shares \u00a3000
Exercise of EIP options
Ordinary shares of 0.0125p each
111,103
\u2013
Exercise of CSOP options
Ordinary shares of 0.0125p each
47,973
175,000
Free shares
Ordinary shares of 0.0125p each
455,722
\u2013
Share buyback
Ordinary shares of 0.0125p each
(9,797,048)
\u2013
(9,182,250)
175,000
The holders of ordinary shares are entitled to receive dividends as declared from time to time and
are entitled to one vote per share at general meetings of the Company. They are entitled to share
in the proceeds on the return of capital, or upon the winding up of the Company in proportion to
the number of and amounts paid on shares held. The shares are non-redeemable.
Own shares
As at 30 September 2025, the Group held 292,278 (2024: 689,728) in own shares in employee
benefit trusts to satisfy future share incentive plans. Shares held by the Trust are held at \u00a3926,000
(2024: \u00a32,049,000) being the price paid to repurchase, and the carrying value is shown as a
reduction within shareholders\u2019 equity.
During the year, 397,450 options (2024: 392,615) were exercised and issued from the employee
benefit trust in the year. The costs of operating the trusts are borne by the Group but are not
material. The trusts waived the right to receive dividends on these shares.
Share buybacks
In December 2024, the Group announced a share buyback programme for up to a maximum
aggregate consideration of \u00a330,000,000 which commenced on 5 December 2024 and completed
in April 2025.
In the period to 23 April 2025, the Group purchased 6,963,824 shares at a cumulative cost of
\u00a330,210,000 (including transaction costs), concluding the initial share buyback programme.
Following this, a second share buyback programme of \u00a325,000,000 was announced, which
commenced on 23 May 2025. From the commencement date to 30 September 2025, 2,833,224
ordinary shares were purchased under the second share buyback programme, at a total cost of
\u00a314,400,000 (including transaction costs).
All ordinary shares acquired have been subsequently cancelled, with the nominal value of
ordinary shares cancelled deducted from share capital against the capital redemption reserve.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-313": { "value": "
2025 2024 2025 2024
Issued, fully-called and paid: Number Number \u00a3 \u00a3
Ordinary shares of 0.0125p each
403,862,576
413,044,826
50,483
51,631
All ordinary shares have full voting and dividend rights. The following transactions have taken place during the year:
Share
Number of premium
Transaction type
Share class
shares \u00a3000
Exercise of EIP options
Ordinary shares of 0.0125p each
111,103
\u2013
Exercise of CSOP options
Ordinary shares of 0.0125p each
47,973
175,000
Free shares
Ordinary shares of 0.0125p each
455,722
\u2013
Share buyback
Ordinary shares of 0.0125p each
(9,797,048)
\u2013
(9,182,250)
175,000
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at general meetings of the Company. They are entitled to share in the proceeds on the return of capital, or upon the winding up of the Company in proportion to the number of and amounts paid on shares held. The shares are non-redeemable. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-314": { "value": "Own shares As at 30 September 2025, the Group held 292,278 (2024: 689,728) in own shares in employee benefit trusts to satisfy future share incentive plans. Shares held by the Trust are held at \u00a3926,000 (2024: \u00a32,049,000) being the price paid to repurchase, and the carrying value is shown as a reduction within shareholders\u2019 equity. During the year, 397,450 options (2024: 392,615) were exercised and issued from the employee benefit trust in the year. The costs of operating the trusts are borne by the Group but are not material. The trusts waived the right to receive dividends on these shares. Share buybacks In December 2024, the Group announced a share buyback programme for up to a maximum aggregate consideration of \u00a330,000,000 which commenced on 5 December 2024 and completed in April 2025. In the period to 23 April 2025, the Group purchased 6,963,824 shares at a cumulative cost of \u00a330,210,000 (including transaction costs), concluding the initial share buyback programme. Following this, a second share buyback programme of \u00a325,000,000 was announced, which commenced on 23 May 2025. From the commencement date to 30 September 2025, 2,833,224 ordinary shares were purchased under the second share buyback programme, at a total cost of \u00a314,400,000 (including transaction costs). All ordinary shares acquired have been subsequently cancelled, with the nominal value of ordinary shares cancelled deducted from share capital against the capital redemption reserve.", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-276": { "value": "
24 Share-based payments
Company Share Option Plan (CSOP)
The CSOP is a HMRC-approved scheme in which the Board, at their discretion, grant options to
employees to purchase ordinary shares. Each participating employee can be granted options up
to the value of \u00a360,000. Options granted under the CSOP can be exercised between the third and
tenth anniversary after the date of grant and are usually forfeited if the employee leaves the Group
before the option expires. The expense for share-based payments under the CSOP is recognised
over the respective vesting period of these options.
Buy As You Earn plan (BAYE)
The BAYE plan is an all-employee share plan under which shares can be issued to employees as
either free shares or partnership shares.
The Company may grant free shares up to a maximum of \u00a33,600 per employee in a tax year.
During the year, free shares up to a maximum value of \u00a32,000 have been offered to all employees
who were employed by the Company at 30 June 2024 (2024: \u00a32,000).
Employees have been offered the opportunity to participate in the partnership plan to enable
such employees to use part of their pre-tax salary to acquire shares. The limit to the pre-tax salary
deduction is \u00a31,800 or, if lower, 10% of salary each year.
The plan entitles employees to use this deduction to buy shares in the Company on a monthly basis
at the current market value. Employees are able to withdraw their shares from the plan at any time
but may be subject to income tax and National Insurance charges if withdrawn within five years of
purchasing the shares. Therefore the monthly partnership plan does not give rise to a share-based
payment charge.
Executive Incentive Plan (EIP)
The EIP is a performance share plan that involves the award of deferred nominal cost options to
participants conditional on the achievement of specified performance targets and continuous
employment over a certain period of time. Individual grants will be dependent on the assessment
of performance against a range of financial and non-financial targets set at the beginning of the
financial year.
On the grant of any award, the Board may specify that dividend equivalents apply to the deferred
award. A dividend equivalent is a right to receive payment on the later of the vesting date and the
exercise date. The payment is equivalent to the dividends that would have been paid during the
deferral period on the number of shares in relation to which the award vests. The Board shall specify
in the award certificate whether the dividend equivalent shall be paid in cash or additional shares,
and whether the calculation of the dividend equivalent should assume that dividends paid on the
shares were reinvested in further shares.
Senior Manager Incentive Plan (SMIP)
The SMIP is a performance share plan that involves the award of deferred nominal cost options
to participants conditional on the achievement of specified performance targets and continuous
employment over a certain period of time. Individual grants will be dependent on the assessment
of performance against a range of financial and non-financial targets set at the beginning of the
financial year.
Nil Cost Options plan (NCO)
The NCO plan is a discretionary scheme in which the Board grants options to employees to obtain
ordinary shares at nil cost. Options granted under the NCO plan can be exercised between the third
and tenth anniversary after the date of grant and are usually forfeited if the employee leaves the
Group before the option expires. The expense for the share-based payments under the NCO plan
is recognised over the respective vesting period of these options.
CSR initiative
A CSR initiative was introduced in December 2019 with the intention of giving an additional
contribution to charity through the donation of share options should a number of stretching targets
be met by the Group. The awards made were equity-settled awards and involved the grant of market
value options to the AJ Bell Trust conditional on the achievement of diluted earnings per share
(DEPS) targets for the financial years 2022, 2023 and 2024 (Performance Period).
The exercise of each tranche was conditional upon the DEPS having increased in relation to the
7.47 pence DEPS for the year ended 30 September 2019, by more than:
\u2022 90% for September 2022;
\u2022 115% for September 2023; and
\u2022 140% for 30 September 2024.
These were considered to be the lower DEPS targets. The upper DEPS target for each performance
period was 10% above the lower DEPS target.
The percentage of shares granted that vested in each performance period was determined
as follows:
\u2022 if actual DEPS was below the lower DEPS target, the vesting percentage was equal to zero;
\u2022 if actual DEPS was above the upper DEPS target, the vesting percentage was equal to 100%; and
\u2022 if actual DEPS was between the lower and upper target, then the vesting percentage was
determined by linear interpolation on a straight-line basis and rounded down to the nearest 10%.
As no service was being provided by the AJ Bell Trust, all conditions involved in the arrangement
were considered to be non-vesting conditions. Non-vesting conditions should be taken into
account when estimating the fair value of the equity instrument granted. The fair value has been
estimated using the Monte Carlo simulation model.
Touch Incentive Scheme (TIS)
The TIS is a performance plan introduced in FY25 in which the Board grants options to employees
to obtain ordinary shares at nil cost. The TIS is exclusively available for individuals working on the
development of AJ Bell Touch. The development roadmap is split into several features, with options
being awarded to members of the scheme at the commencement of each feature. The expense for
share-based payments under TIS is recognised over the respective period of each award.
Earn-out arrangement
The acquisition of Adalpha gave rise to an earn-out arrangement whereby share awards are made
on the completion of a number of operational and financial milestones, relating to AUA targets
and the development of a simplified proposition for financial advisers. The awards are equity settled
and vest in several tranches in line with the agreed milestones.
Under the terms of the acquisition agreement, eligible employees are entitled to share awards
conditional upon the successful completion of certain performance milestones and their continued
employment with the Group during the vesting period. There is no exercise price attached to the
share award.
The fair value of the earn-out arrangement is estimated as at the date of grant calculated by
reference to the quantum of the earn-out payment for each performance milestone and an
estimated time to proposition completion, discounted to net present value. The performance
conditions included within the arrangement are not considered market conditions and therefore
the expected vesting is reviewed at each reporting date.
Movements during the year
The tables below summarise the outstanding options for each share-based payment scheme.
CSOP
2025
2024
Weighted Weighted
Average Average
Exercise Price Exercise Price
Number
\u00a3
Number
\u00a3
Outstanding at the beginning of the year
1,854,895
2.88
182,075
3.91
Granted during the year
306,207
4.17
1,753,272
2.80
Forfeited during the year
(99,894)
2.99
(80,452)
3.42
Exercised during the year
(47,973)
3.65
\u2013
\u2013
Outstanding at the end of the year
2,013,235
3.05
1,854,895
2.88
Exercisable at the end of the year
84,612
3.96
61,677
4.13
The lowest exercise price for share options outstanding at the end of the period was 275p
(2024: 275p) and the highest exercise price was 444p (2024: 434p). The weighted average remaining
contractual life of share options outstanding at the end of the period was 8.1 years (2024: 8.9 years).
EIP
2025
2024
Weighted Weighted
Average Average
Exercise Price Exercise Price
Number
\u00a3
Number
\u00a3
Outstanding at the beginning of the year
2,281,094
0.000125
1,675,192
0.000125
Granted during the year
851,172
1
0.000125
1,533,866
0.000125
Exercised during the year
(460,490)
0.000125
(509,268)
0.000125
Lapsed during the year
(485,163)
0.000125
(418,696)
0.000125
Outstanding at the end of the year
2,186,613
0.000125
2,281,094
0.000125
Exercisable at the end of the year
532,762
0.000125
269,809
0.000125
1 During the year dividend equivalents of 14,010 were accrued on the FY24 deferred award and are included within this total.
The weighted average remaining contractual life of EIP shares outstanding at the end of the period
was 8.2 years (2024: 8.6 years).
SMIP
2025
2024
Weighted Weighted
Average Average
Exercise Price Exercise Price
Number
\u00a3
Number
\u00a3
Outstanding at the beginning of the year
49,951
0.000125
3,999
0.000125
Granted during the year
48,349
0.000125
52,376
0.000125
Lapsed during the year
(9,710)
0.000125
(6,424)
0.000125
Outstanding at the end of the year
88,590
0.000125
49,951
0.000125
Exercisable at the end of the year
1,541
0.000125
\u2013
\u2013
The weighted average remaining contractual life of SMIP shares outstanding at the end of the period
was 8.7 years (2024: 9.2 years).
NCO
2025
2024
Weighted Weighted
Average Average
Exercise Price Exercise Price
Number
\u00a3
Number
\u00a3
Outstanding at the beginning of the year
74,460
\u2013
\u2013
\u2013
Granted during the year
118,207
\u2013
74,460
\u2013
Exercised during the year
(15,794)
\u2013
\u2013
\u2013
Lapsed during the year
(15,939)
\u2013
\u2013
\u2013
Outstanding at the end of the year
160,934
\u2013
74,460
\u2013
Exercisable at the end of the year
\u2013
\u2013
\u2013
\u2013
The weighted average remaining contractual life of Nil Cost Options outstanding at the end of the
period was 9.0 years (2024: 9.2 years).
CSR initiative
2025
2024
Weighted Weighted
Average Average
Exercise Price Exercise Price
Number \u00a3 Number \u00a3
Outstanding at the beginning of the year
1,330,008
4.01
1,330,008
4.01
Forfeited during the year
\u2013
\u2013
\u2013
\u2013
Outstanding at the end of the year
1,330,008
4.01
1,330,008
4.01
Exercisable at the end of the year
1,330,008
4.01
1,330,008
4.01
The weighted average remaining contractual life of CSR options outstanding at the end of the
period was 4.2 years (2024: 5.2 years).
TIS
2025
Weighted
Average
Exercise Price
Number \u00a3
Outstanding at the beginning of the year
\u2013
\u2013
Granted during the year
65,928
\u2013
Exercised during the year
(32,269)
\u2013
Outstanding at the end of the year
33,659
\u2013
Exercisable at the end of the year
7,2 93
\u2013
The weighted average remaining contractual life of TIS options outstanding at the end of the period
was 9.1 years.
Weighted average share price of options exercised
The weighted average share price of all options exercised during the year was \u00a34.76 (2024: \u00a32.86).
Measurement
The fair value of equity-settled share options granted is estimated as at the date of grant using the
Black-Scholes model, taking into account the terms upon which the options and awards were granted.
The inputs into the Black-Scholes model and assumptions used in the calculations are as follows:
CSOP
Grant date
16/01/2025
22/01/2025
Number of shares under option
299,450
6,757
Fair value of share option from generally accepted business model (\u00a3)
1.01
1.09
Share price (\u00a3)
4.29
4.58
Exercise price of an option (\u00a3)
4.16
4.44
Expected volatility
33.63%
33.73%
Expected dividend yield
2.91%
2.73%
Risk-free interest rate
4.21%
4.18%
Expected option life to exercise (months)
36
36
EIP
Grant date
31/01/2025
31/01/2025
Number of shares under option
626,802
210,360
Fair value of share from generally accepted business model (\u00a3)
4.48
4.48
Share price (\u00a3)
4.48
4.48
Exercise price of an option (\u00a3)
0.000125
0.000125
Expected volatility
33.79%
33.79%
Expected dividend yield
0.00%
0.00%
Risk-free interest rate
4.03%
4.03%
Expected option life to exercise (months)
36
48
SMIP
Grant date
10/12/2024
16/01/2025
Number of shares under option
47,6 89
660
Fair value of share option from generally accepted business model (\u00a3)
4.32
3.93
Share price (\u00a3)
4.68
4.29
Exercise price of an option (\u00a3)
0.000125
0.000125
Expected volatility
33.20%
33.26%
Expected dividend yield
2.67%
2.91%
Risk-free interest rate
4.04%
4.13%
Expected option life to exercise (months)
36
36
NCO
Grant date
10/12/2024
16/01/2025
16/04/2025
Number of shares under option
67,088
36,058
15,061
Fair value of share option from generally accepted
business model (\u00a3)
4.34
3.93
3.82
Share price (\u00a3)
4.70
4.29
4.18
Exercise price of an option (\u00a3)
\u2013
\u2013
\u2013
Expected volatility
33.20%
33.63%
34.07%
Expected dividend yield
2.66%
2.91%
2.99%
Risk-free interest rate
4.04%
4.21%
3.93%
Expected option life to exercise (months)
36
36
36
TIS
Grant date
30/10/2024
30/10/2024
31/10/2024
31/10/2024
Number of shares under option
13,131
8,749
26,431
17,617
Fair value of share option from generally
accepted business model (\u00a3)
4.60
4.38
4.39
4.17
Share price (\u00a3)
4.61
4.61
4.47
4.47
Exercise price of an option (\u00a3)
\u2013
\u2013
\u2013
\u2013
Expected volatility
33.02%
33.02%
33.15%
33.15%
Expected dividend yield
2.49%
2.49%
2.57%
2.57%
Risk-free interest rate
4.28%
4.28%
4.28%
4.28%
Expected option life to exercise (months)
1
24
8
32
Expected volatility is estimated by considering historic average share price volatility at the grant date.
The expected life of the options is based on the minimum period between the grant of the option,
the earliest possible exercise date and an analysis of the historical exercise data that is not necessarily
indicative of exercise patterns that may occur. The expected volatility reflects the assumption that
historical volatility is indicative of future trends, which may also not necessarily be the case.
During the year, the Group recognised a total share-based payment expense of \u00a34,100,000
(2024: \u00a31,502,000) and \u00a374,000 of capitalised share-based payment expense (2024: reversed
capitalised amount of \u00a3935,000) within the statement of financial position.
The reversal in FY24 was due to the lapse of previously issued equity instruments under the earn-out
arrangement. The costs of these instruments had been recognised over the vesting period, but, as
they have now lapsed, the previously recognised costs have been reversed.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-277": { "value": "
25 Financial instruments and risk management
The Group\u2019s activities expose it to a variety of financial instrument risks; market risk (including
interest rate and foreign exchange), credit risk and liquidity risk. Information is presented below
regarding the exposure to each of these risks, including the procedures for measuring and
managing them.
Financial instruments include both financial assets and financial liabilities. Financial assets principally
comprise trade and other receivables and cash and cash equivalents. Financial liabilities comprise
trade and other payables and lease liabilities. The Group does not have any derivative financial
instruments.
Risk management objectives
The Group has identified the financial, business and operational risks arising from its activities
and has established risk controls, including policies and procedures, to manage these items
in accordance with its defined risk appetite. The Board of Directors has overall responsibility
for establishing and overseeing the Group\u2019s risk management framework and risk appetite.
The Group\u2019s financial risk management policies are intended to ensure that risks are identified,
evaluated and subject to ongoing monitoring and mitigation (where appropriate). These policies
contribute to the broader control framework and robust risk culture within the business.
The Group regularly reviews its financial risk management policies and control systems to reflect
changes in the business, counterparties, markets and range of financial instruments that it uses.
The Finance & Treasury Committee has principal responsibility for monitoring exposure to the
risks associated with cash and cash equivalents. Policies and procedures are in place to ensure the
management and monitoring of each type of risk. The primary objective of the Group\u2019s Treasury
Policy Statements is to manage short-term liquidity requirements whilst maintaining an appropriate
level of exposure to other financial risks in accordance with the Group\u2019s risk appetite.
Material accounting policies
Details of the material accounting policies, including the criteria for recognition, the basis of
measurement and the basis on which income and expenses are recognised, in respect of each financial
asset and financial liability, are disclosed within note 2 to the consolidated financial statements.
The financial assets and liabilities of the Group are detailed below:
2025
2024
Financial Financial Financial Financial
assets at liabilities at assets at liabilities at
amortised amortised Carrying amortised amortised Carrying
cost cost value cost cost value
\u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Financial assets
Trade receivables
1,478
\u2013
1,478
3,409
\u2013
3,409
Accrued income
35,711
\u2013
35,711
3 7,327
\u2013
37,3 27
Other receivables
21,783
\u2013
21,783
10,997
\u2013
10,997
Cash and cash equivalents
188,192
\u2013
188,192
196,651
\u2013
196,651
247,16
4
\u2013
247,16
4
248,384
\u2013
248,384
Financial liabilities
Trade and other payables
\u2013
57,730
57,730
\u2013
55,169
55,169
Lease liabilities
\u2013
12,058
12,058
\u2013
13,177
13,177
\u2013
69,788
69,788
\u2013
68,346
68,346
Categories of financial instrument The carrying amount of all financial assets and liabilities is approximate to their fair value due to their short-term nature. Market risk Interest rate risk The Group holds interest-bearing assets in the form of cash and cash deposits. Cash at bank earns interest at floating rates based on daily bank deposit rates. Term deposits can also be made for varying periods depending on the immediate cash requirements of the Group, and interest is earned at the respective fixed-term rate. Based on the cash balances shown in the Group\u2019s statement of financial position at the reporting date, if interest rates were to move by 25bps it would change profit before tax by approximately:
2025 2024
\u00a3000 \u00a3000
+ 25 bps (0.25%)
460
418
- 25 bps (0.25%)
(460)
(418)
As at the year end the Group had no external borrowings and therefore was not exposed to a material interest rate risk on borrowings.
The Group retains a proportion of the interest income generated from the pooling of certain
uninvested customer cash balances (UCCBs) and as a result, the Group revenue has an indirect
exposure to interest rate risk. A breakdown of the average AUA balance during the year and the
proportion which was held as UCCBs is set out in the table below:
2025
2024
Average AUA Average AUA
(\u00a3bn)
% cash
1
(\u00a3bn)
% cash
1
Advised
58.1
3.3%
52.9
3.4%
D2C
34.6
11.5%
26.9
12.0%
Non-platform
5.5
2.6%
5.5
3.0%
1 UCCBs exclude customer cash balances: (i) held in the Cash Savings Hub; (ii) placed directly in notice accounts and on fixed-term
deposits by the customer with the deposit taker of their choice; (iii) uninvested cash held with third-party investment partners.
The UCCBs are held with a panel of banks and are placed in a range of fixed-term, notice and call
deposit accounts with due regard for counterparty credit risk, capacity risk, concentration risk and
liquidity risk requirements.
The retained proportion of the interest income generated from the pooling and treasury management
of UCCBs is variable dependent on rates paid by panel banks and the interest rate paid to customers.
The rate earned on customer cash held in SIPPs, ISAs and General Investment / Dealing Accounts
varies due to the different regulations and factors that need to be considered when placing the cash
in fixed-term deposit accounts. The weighted average rate calculated on the proportion of interest
income retained on UCCBs held during the period was 2.26% (FY24: 2.33%).
The impact of a 50bps increase or decrease in UK base interest rates on the Group\u2019s revenue has
been calculated and shown below. This has been modelled on a historical basis for each year
separately assuming that the UK base rate was 50bps higher or lower for the year.
2025 2024
\u00a3000 \u00a3000
+ 50 bps (0.50%)
\u2013
\u2013
- 50 bps (0.50%)
\u2013
\u2013
In FY24 and FY25, movements in the UK base interest rate would not have materially impacted the
retained interest income earned by the Group, as any increases or decreases to the UK base interest
rate when it is at higher levels would be passed to customers in the form of higher or lower payaway
rates respectively.
Customer cash balances are not a financial asset of the Group and so are not included in the
statement of financial position.
Market movement sensitivity The Group\u2019s custody fees are derived from the market value of the underlying investments held by the retail customer in their account, based on product type, mix and portfolio size which are charged on an ad valorem basis. As a result, the Group has an indirect exposure to market risks, as the value of the underlying customers\u2019 assets may rise or fall. The impact of a 10% increase or reduction in the value of the customers\u2019 underlying assets subject to the custody fees on the Group\u2019s revenue has been calculated and shown below. This has been modelled on a historical basis for each year separately assuming that the value of the customers\u2019 assets were 10% higher or lower than the actual position at the time.
2025 2024
\u00a3000 \u00a3000
+ 10% higher
9,451
7, 861
- 10% lower
(9,451)
(7, 8 61)
Foreign exchange risk The Group is not exposed to significant foreign exchange translation or transaction risk as the Group\u2019s activities are primarily within the UK. Foreign exchange risk is therefore not considered material . Credit risk The Group\u2019s exposure to credit risk, which is the risk that a counterparty will be unable to pay amounts in full when due, arises principally from its cash balances held with banks and trade and other receivables. Trade receivables are presented net of expected credit losses within the statement of financial position. The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and number of days past due. Details of those trade receivables that are past due are shown within note 19. Accrued income and other receivables are excluded from the expected credit loss calculation as these balances have no material credit risk. Accrued income predominantly relates to interest income due from regulated financial institutions and other receivables relate to balances with stock exchange member firms, other counter parties and unsettled client receivables, some of which have been taken from the client account and are in transit, and others where there is a contractual right to sell down customer assets if funds are not available. These receivables are short-term in nature and do not present any material credit risk. The Group has implemented procedures that require appropriate credit or alternative checks on potential customers before business is undertaken. This minimises credit risk in this area.
The credit and concentration risk on liquid funds, cash and cash equivalents is limited as deposits
are held across a number of major banks. The Directors continue to monitor the strength of the
banks used by the Group. The principal banks currently used by the Group are Bank of Scotland plc,
Barclays Bank plc, Lloyds Bank plc, Lloyds Bank Corporate Markets plc, HSBC Bank plc, HSBC UK
Bank plc, NatWest Markets plc, Santander UK plc, Clearstream Banking SA and Qatar National Bank
(Q.P.S.C). Bank of Scotland plc, the Group\u2019s principal banker, is substantial and is 100% owned by
Lloyds Banking Group plc. All these banks currently have long-term credit ratings of at least A+
(Fitch). Where the services of other banks are used, the Group follows a rigorous due diligence
process prior to selection. This results in the Group retaining the ability to further mitigate the
counterparty risk on its own behalf and that of its customers.
The Group has no significant concentration of credit risk as exposure is spread over a large number
of counterparties and customers. The maximum exposure to credit risk is represented by the carrying
amount of each financial asset at the reporting date. In relation to dealing services, the Group operates
as agent on behalf of its underlying customers and in accordance with London Stock Exchange Rules.
Any settlement risk during the period between trade date and the ultimate settlement date is
substantially mitigated as a result of the Group\u2019s agency status, its settlement terms and the delivery
versus payment mechanism whereby if a counterparty fails to make payment, the securities would
not be delivered to the counterparty. Therefore, any risk exposure is to an adverse movement in
market prices between the time of trade and settlement. Conversely, if a counterparty fails to deliver
securities, no payment would be made.
There has been no material change to the Group\u2019s exposure to credit risk during the year.
Liquidity risk
This is the risk that the Group may be unable to meet its liabilities as and when they fall due.
These liabilities arise from the day-to-day activities of the Group and from its obligations to
customers. The Group is a highly cash-generative business and maintains sufficient cash and
standby banking facilities to fund its foreseeable trading requirements.
There has been no change to the Group\u2019s exposure to liquidity risk or the manner in which it
manages and measures the risk during the year.
The following table shows the undiscounted cash flows relating to non-derivative financial liabilities
of the Group based upon the remaining period to the contractual maturity date at the end of the
reporting period.
Due within 1 to 5 After
1 year years 5 years Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
2025
Trade and other payables
57,730
\u2013
\u2013
57,730
Lease liabilities
3,004
9,975
1,544
14,523
60,734
9,975
1,544
72,253
2024
Trade and other payables
55,169
\u2013
\u2013
55,169
Lease liabilities
2,363
10,572
3,603
16,538
57, 532
10,572
3,603
71,707
Capital management
The Group\u2019s objectives in managing capital are to:
\u2022 safeguard the Group\u2019s ability to continue as a going concern so that it can continue to provide
returns for shareholders, security for our customers and benefits for other stakeholders;
\u2022 maintain a strong capital base to support the development of its business; and
\u2022 comply with regulatory requirements at all times.
The capital structure of the Group consists of share capital, share premium and retained earnings.
As at the reporting date the Group had capital of \u00a3217,452,000 (2024: \u00a3203,990,000).
As part of the Group\u2019s capital allocation framework, capital generated from the business is both
reinvested in the business to generate future growth and returned to shareholders principally in the
form of dividends. We review our capital position annually and will consider returning any surplus
capital to shareholders through a share buyback or special dividend, in accordance with the Capital
Allocation Policy. The capital adequacy of the business is monitored on an ongoing basis and as
part of the purpose strategy and planning by the Board. It is also reviewed before any distributions
are made to shareholders to ensure it does not fall below the agreed surplus as outlined in the
Group\u2019s Capital Management Policy. The liquidity of the business is monitored by management
on a daily basis to ensure sufficient funding exists to meet the Group\u2019s liabilities as they fall due.
The Group is highly cash-generative and maintains sufficient cash and standby banking facilities
to fund its foreseeable trading requirements.
The Group conducts an annual Internal Capital and Risk Assessment (ICARA) process, as required
by FCA regulation. As part of the ICARA process, the Group determines the minimum level of capital
and liquid resources that it is required to hold at all times.
The amount of resources held by the Group are reviewed and monitored against these minimum
requirements on an ongoing basis; and the minimum requirements are considered when making
key business decisions. Our current financial resources, regulatory capital and liquidity requirements
can be found on page 23.
The Group maintained a surplus of regulatory capital and liquid resources throughout the year.
The disclosures required under MIFIDPRU 8 of the Investment Firms Prudential Regime are available
on the Group\u2019s website at ajbell.co.uk.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-330": { "value": "Risk management objectives The Group has identified the financial, business and operational risks arising from its activities and has established risk controls, including policies and procedures, to manage these items in accordance with its defined risk appetite. The Board of Directors has overall responsibility for establishing and overseeing the Group\u2019s risk management framework and risk appetite. The Group\u2019s financial risk management policies are intended to ensure that risks are identified, evaluated and subject to ongoing monitoring and mitigation (where appropriate). These policies contribute to the broader control framework and robust risk culture within the business. The Group regularly reviews its financial risk management policies and control systems to reflect changes in the business, counterparties, markets and range of financial instruments that it uses. The Finance & Treasury Committee has principal responsibility for monitoring exposure to the risks associated with cash and cash equivalents. Policies and procedures are in place to ensure the management and monitoring of each type of risk. The primary objective of the Group\u2019s Treasury Policy Statements is to manage short-term liquidity requirements whilst maintaining an appropriate level of exposure to other financial risks in accordance with the Group\u2019s risk appetite. Material accounting policies Details of the material accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each financial asset and financial liability, are disclosed within note 2 to the consolidated financial statements. The financial assets and liabilities of the Group are detailed below:
2025
2024
Financial Financial Financial Financial
assets at liabilities at assets at liabilities at
amortised amortised Carrying amortised amortised Carrying
cost cost value cost cost value
\u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Financial assets
Trade receivables
1,478
\u2013
1,478
3,409
\u2013
3,409
Accrued income
35,711
\u2013
35,711
3 7,327
\u2013
37,3 27
Other receivables
21,783
\u2013
21,783
10,997
\u2013
10,997
Cash and cash equivalents
188,192
\u2013
188,192
196,651
\u2013
196,651
247,16
4
\u2013
247,16
4
248,384
\u2013
248,384
Financial liabilities
Trade and other payables
\u2013
57,730
57,730
\u2013
55,169
55,169
Lease liabilities
\u2013
12,058
12,058
\u2013
13,177
13,177
\u2013
69,788
69,788
\u2013
68,346
68,346
Categories of financial instrument The carrying amount of all financial assets and liabilities is approximate to their fair value due to their short-term nature. Market risk Interest rate risk The Group holds interest-bearing assets in the form of cash and cash deposits. Cash at bank earns interest at floating rates based on daily bank deposit rates. Term deposits can also be made for varying periods depending on the immediate cash requirements of the Group, and interest is earned at the respective fixed-term rate. Based on the cash balances shown in the Group\u2019s statement of financial position at the reporting date, if interest rates were to move by 25bps it would change profit before tax by approximately:
2025 2024
\u00a3000 \u00a3000
+ 25 bps (0.25%)
460
418
- 25 bps (0.25%)
(460)
(418)
As at the year end the Group had no external borrowings and therefore was not exposed to a material interest rate risk on borrowings. The Group retains a proportion of the interest income generated from the pooling of certain uninvested customer cash balances (UCCBs) and as a result, the Group revenue has an indirect exposure to interest rate risk. A breakdown of the average AUA balance during the year and the proportion which was held as UCCBs is set out in the table below:
2025
2024
Average AUA Average AUA
(\u00a3bn)
% cash
1
(\u00a3bn)
% cash
1
Advised
58.1
3.3%
52.9
3.4%
D2C
34.6
11.5%
26.9
12.0%
Non-platform
5.5
2.6%
5.5
3.0%
1 UCCBs exclude customer cash balances: (i) held in the Cash Savings Hub; (ii) placed directly in notice accounts and on fixed-term deposits by the customer with the deposit taker of their choice; (iii) uninvested cash held with third-party investment partners. The UCCBs are held with a panel of banks and are placed in a range of fixed-term, notice and call deposit accounts with due regard for counterparty credit risk, capacity risk, concentration risk and liquidity risk requirements. The retained proportion of the interest income generated from the pooling and treasury management of UCCBs is variable dependent on rates paid by panel banks and the interest rate paid to customers. The rate earned on customer cash held in SIPPs, ISAs and General Investment / Dealing Accounts varies due to the different regulations and factors that need to be considered when placing the cash in fixed-term deposit accounts. The weighted average rate calculated on the proportion of interest income retained on UCCBs held during the period was 2.26% (FY24: 2.33%). The impact of a 50bps increase or decrease in UK base interest rates on the Group\u2019s revenue has been calculated and shown below. This has been modelled on a historical basis for each year separately assuming that the UK base rate was 50bps higher or lower for the year.
2025 2024
\u00a3000 \u00a3000
+ 50 bps (0.50%)
\u2013
\u2013
- 50 bps (0.50%)
\u2013
\u2013
In FY24 and FY25, movements in the UK base interest rate would not have materially impacted the retained interest income earned by the Group, as any increases or decreases to the UK base interest rate when it is at higher levels would be passed to customers in the form of higher or lower payaway rates respectively. Customer cash balances are not a financial asset of the Group and so are not included in the statement of financial position. Market movement sensitivity The Group\u2019s custody fees are derived from the market value of the underlying investments held by the retail customer in their account, based on product type, mix and portfolio size which are charged on an ad valorem basis. As a result, the Group has an indirect exposure to market risks, as the value of the underlying customers\u2019 assets may rise or fall. The impact of a 10% increase or reduction in the value of the customers\u2019 underlying assets subject to the custody fees on the Group\u2019s revenue has been calculated and shown below. This has been modelled on a historical basis for each year separately assuming that the value of the customers\u2019 assets were 10% higher or lower than the actual position at the time.
2025 2024
\u00a3000 \u00a3000
+ 10% higher
9,451
7, 861
- 10% lower
(9,451)
(7, 8 61)
Foreign exchange risk The Group is not exposed to significant foreign exchange translation or transaction risk as the Group\u2019s activities are primarily within the UK. Foreign exchange risk is therefore not considered material . Credit risk The Group\u2019s exposure to credit risk, which is the risk that a counterparty will be unable to pay amounts in full when due, arises principally from its cash balances held with banks and trade and other receivables. Trade receivables are presented net of expected credit losses within the statement of financial position. The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and number of days past due. Details of those trade receivables that are past due are shown within note 19. Accrued income and other receivables are excluded from the expected credit loss calculation as these balances have no material credit risk. Accrued income predominantly relates to interest income due from regulated financial institutions and other receivables relate to balances with stock exchange member firms, other counter parties and unsettled client receivables, some of which have been taken from the client account and are in transit, and others where there is a contractual right to sell down customer assets if funds are not available. These receivables are short-term in nature and do not present any material credit risk. The Group has implemented procedures that require appropriate credit or alternative checks on potential customers before business is undertaken. This minimises credit risk in this area. The credit and concentration risk on liquid funds, cash and cash equivalents is limited as deposits are held across a number of major banks. The Directors continue to monitor the strength of the banks used by the Group. The principal banks currently used by the Group are Bank of Scotland plc, Barclays Bank plc, Lloyds Bank plc, Lloyds Bank Corporate Markets plc, HSBC Bank plc, HSBC UK Bank plc, NatWest Markets plc, Santander UK plc, Clearstream Banking SA and Qatar National Bank (Q.P.S.C). Bank of Scotland plc, the Group\u2019s principal banker, is substantial and is 100% owned by Lloyds Banking Group plc. All these banks currently have long-term credit ratings of at least A+ (Fitch). Where the services of other banks are used, the Group follows a rigorous due diligence process prior to selection. This results in the Group retaining the ability to further mitigate the counterparty risk on its own behalf and that of its customers. The Group has no significant concentration of credit risk as exposure is spread over a large number of counterparties and customers. The maximum exposure to credit risk is represented by the carrying amount of each financial asset at the reporting date. In relation to dealing services, the Group operates as agent on behalf of its underlying customers and in accordance with London Stock Exchange Rules. Any settlement risk during the period between trade date and the ultimate settlement date is substantially mitigated as a result of the Group\u2019s agency status, its settlement terms and the delivery versus payment mechanism whereby if a counterparty fails to make payment, the securities would not be delivered to the counterparty. Therefore, any risk exposure is to an adverse movement in market prices between the time of trade and settlement. Conversely, if a counterparty fails to deliver securities, no payment would be made. There has been no material change to the Group\u2019s exposure to credit risk during the year. Liquidity risk This is the risk that the Group may be unable to meet its liabilities as and when they fall due. These liabilities arise from the day-to-day activities of the Group and from its obligations to customers. The Group is a highly cash-generative business and maintains sufficient cash and standby banking facilities to fund its foreseeable trading requirements. There has been no change to the Group\u2019s exposure to liquidity risk or the manner in which it manages and measures the risk during the year. The following table shows the undiscounted cash flows relating to non-derivative financial liabilities of the Group based upon the remaining period to the contractual maturity date at the end of the reporting period.
Due within 1 to 5 After
1 year years 5 years Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
2025
Trade and other payables
57,730
\u2013
\u2013
57,730
Lease liabilities
3,004
9,975
1,544
14,523
60,734
9,975
1,544
72,253
2024
Trade and other payables
55,169
\u2013
\u2013
55,169
Lease liabilities
2,363
10,572
3,603
16,538
57, 532
10,572
3,603
71,707
Capital management The Group\u2019s objectives in managing capital are to: \u2022 safeguard the Group\u2019s ability to continue as a going concern so that it can continue to provide returns for shareholders, security for our customers and benefits for other stakeholders; \u2022 maintain a strong capital base to support the development of its business; and \u2022 comply with regulatory requirements at all times. The capital structure of the Group consists of share capital, share premium and retained earnings. As at the reporting date the Group had capital of \u00a3217,452,000 (2024: \u00a3203,990,000). As part of the Group\u2019s capital allocation framework, capital generated from the business is both reinvested in the business to generate future growth and returned to shareholders principally in the form of dividends. We review our capital position annually and will consider returning any surplus capital to shareholders through a share buyback or special dividend, in accordance with the Capital Allocation Policy. The capital adequacy of the business is monitored on an ongoing basis and as part of the purpose strategy and planning by the Board. It is also reviewed before any distributions are made to shareholders to ensure it does not fall below the agreed surplus as outlined in the Group\u2019s Capital Management Policy. The liquidity of the business is monitored by management on a daily basis to ensure sufficient funding exists to meet the Group\u2019s liabilities as they fall due. The Group is highly cash-generative and maintains sufficient cash and standby banking facilities to fund its foreseeable trading requirements. The Group conducts an annual Internal Capital and Risk Assessment (ICARA) process, as required by FCA regulation. As part of the ICARA process, the Group determines the minimum level of capital and liquid resources that it is required to hold at all times. The amount of resources held by the Group are reviewed and monitored against these minimum requirements on an ongoing basis; and the minimum requirements are considered when making key business decisions. Our current financial resources, regulatory capital and liquidity requirements can be found on page 23. The Group maintained a surplus of regulatory capital and liquid resources throughout the year. The disclosures required under MIFIDPRU 8 of the Investment Firms Prudential Regime are available on the Group\u2019s website at ajbell.co.uk.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-315": { "value": "
The financial assets and liabilities of the Group are detailed below:
2025
2024
Financial Financial Financial Financial
assets at liabilities at assets at liabilities at
amortised amortised Carrying amortised amortised Carrying
cost cost value cost cost value
\u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Financial assets
Trade receivables
1,478
\u2013
1,478
3,409
\u2013
3,409
Accrued income
35,711
\u2013
35,711
3 7,327
\u2013
37,3 27
Other receivables
21,783
\u2013
21,783
10,997
\u2013
10,997
Cash and cash equivalents
188,192
\u2013
188,192
196,651
\u2013
196,651
247,16
4
\u2013
247,16
4
248,384
\u2013
248,384
Financial liabilities
Trade and other payables
\u2013
57,730
57,730
\u2013
55,169
55,169
Lease liabilities
\u2013
12,058
12,058
\u2013
13,177
13,177
\u2013
69,788
69,788
\u2013
68,346
68,346
The carrying amount of all financial assets and liabilities is approximate to their fair value due to their short-term nature. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-335": { "value": "The financial assets and liabilities of the Group are detailed below:
2025
2024
Financial Financial Financial Financial
assets at liabilities at assets at liabilities at
amortised amortised Carrying amortised amortised Carrying
cost cost value cost cost value
\u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Financial assets
Trade receivables
1,478
\u2013
1,478
3,409
\u2013
3,409
Accrued income
35,711
\u2013
35,711
3 7,327
\u2013
37,3 27
Other receivables
21,783
\u2013
21,783
10,997
\u2013
10,997
Cash and cash equivalents
188,192
\u2013
188,192
196,651
\u2013
196,651
247,16
4
\u2013
247,16
4
248,384
\u2013
248,384
Financial liabilities
Trade and other payables
\u2013
57,730
57,730
\u2013
55,169
55,169
Lease liabilities
\u2013
12,058
12,058
\u2013
13,177
13,177
\u2013
69,788
69,788
\u2013
68,346
68,346
The carrying amount of all financial assets and liabilities is approximate to their fair value due to their
short-term nature.
27 Reconciliation of liabilities arising from financing activities
1 October Change in 30 September
2024 Cashflows lease liability 2025
2025 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Lease liabilities
13,177
(1,654)
535
12,058
Total liabilities from financing activities
13,177
(1,654)
535
12,058
1 October Change in 30 September
2023 Cashflows lease liability 2024
2024 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Lease liabilities
12,406
(1,583)
2,354
13,177
Total liabilities from financing activities
12,406
(1,583)
2,354
13,177
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-316": { "value": "
Market risk
Interest rate risk
The Group holds interest-bearing assets in the form of cash and cash deposits. Cash at bank
earns interest at floating rates based on daily bank deposit rates. Term deposits can also be made for
varying periods depending on the immediate cash requirements of the Group, and interest is earned
at the respective fixed-term rate. Based on the cash balances shown in the Group\u2019s statement of
financial position at the reporting date, if interest rates were to move by 25bps it would change
profit before tax by approximately:
2025 2024
\u00a3000 \u00a3000
+ 25 bps (0.25%)
460
418
- 25 bps (0.25%)
(460)
(418)
As at the year end the Group had no external borrowings and therefore was not exposed to a
material interest rate risk on borrowings.
The Group retains a proportion of the interest income generated from the pooling of certain uninvested customer cash balances (UCCBs) and as a result, the Group revenue has an indirect exposure to interest rate risk. A breakdown of the average AUA balance during the year and the proportion which was held as UCCBs is set out in the table below:
2025
2024
Average AUA Average AUA
(\u00a3bn)
% cash
1
(\u00a3bn)
% cash
1
Advised
58.1
3.3%
52.9
3.4%
D2C
34.6
11.5%
26.9
12.0%
Non-platform
5.5
2.6%
5.5
3.0%
1 UCCBs exclude customer cash balances: (i) held in the Cash Savings Hub; (ii) placed directly in notice accounts and on fixed-term deposits by the customer with the deposit taker of their choice; (iii) uninvested cash held with third-party investment partners. The UCCBs are held with a panel of banks and are placed in a range of fixed-term, notice and call deposit accounts with due regard for counterparty credit risk, capacity risk, concentration risk and liquidity risk requirements. The retained proportion of the interest income generated from the pooling and treasury management of UCCBs is variable dependent on rates paid by panel banks and the interest rate paid to customers. The rate earned on customer cash held in SIPPs, ISAs and General Investment / Dealing Accounts varies due to the different regulations and factors that need to be considered when placing the cash in fixed-term deposit accounts. The weighted average rate calculated on the proportion of interest income retained on UCCBs held during the period was 2.26% (FY24: 2.33%). The impact of a 50bps increase or decrease in UK base interest rates on the Group\u2019s revenue has been calculated and shown below. This has been modelled on a historical basis for each year separately assuming that the UK base rate was 50bps higher or lower for the year.
2025 2024
\u00a3000 \u00a3000
+ 50 bps (0.50%)
\u2013
\u2013
- 50 bps (0.50%)
\u2013
\u2013
In FY24 and FY25, movements in the UK base interest rate would not have materially impacted the retained interest income earned by the Group, as any increases or decreases to the UK base interest rate when it is at higher levels would be passed to customers in the form of higher or lower payaway rates respectively. Customer cash balances are not a financial asset of the Group and so are not included in the statement of financial position. Market movement sensitivity The Group\u2019s custody fees are derived from the market value of the underlying investments held by the retail customer in their account, based on product type, mix and portfolio size which are charged on an ad valorem basis. As a result, the Group has an indirect exposure to market risks, as the value of the underlying customers\u2019 assets may rise or fall. The impact of a 10% increase or reduction in the value of the customers\u2019 underlying assets subject to the custody fees on the Group\u2019s revenue has been calculated and shown below. This has been modelled on a historical basis for each year separately assuming that the value of the customers\u2019 assets were 10% higher or lower than the actual position at the time.
2025 2024
\u00a3000 \u00a3000
+ 10% higher
9,451
7, 861
- 10% lower
(9,451)
(7, 8 61)
Foreign exchange risk The Group is not exposed to significant foreign exchange translation or transaction risk as the Group\u2019s activities are primarily within the UK. Foreign exchange risk is therefore not considered material ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-336": { "value": "
Market movement sensitivity
The Group\u2019s custody fees are derived from the market value of the underlying investments held by the
retail customer in their account, based on product type, mix and portfolio size which are charged on
an ad valorem basis. As a result, the Group has an indirect exposure to market risks, as the value of the
underlying customers\u2019 assets may rise or fall. The impact of a 10% increase or reduction in the value of
the customers\u2019 underlying assets subject to the custody fees on the Group\u2019s revenue has been calculated
and shown below. This has been modelled on a historical basis for each year separately assuming
that the value of the customers\u2019 assets were 10% higher or lower than the actual position at the time.
2025 2024
\u00a3000 \u00a3000
+ 10% higher
9,451
7, 861
- 10% lower
(9,451)
(7, 8 61)
", "dimensions": { "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-317": { "value": "
Credit risk
The Group\u2019s exposure to credit risk, which is the risk that a counterparty will be unable to pay
amounts in full when due, arises principally from its cash balances held with banks and trade
and other receivables.
Trade receivables are presented net of expected credit losses within the statement of financial position.
The Group applies the IFRS 9 Financial Instruments simplified approach to measuring expected credit
losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected
credit losses, trade receivables have been grouped based on shared credit risk characteristics and
number of days past due. Details of those trade receivables that are past due are shown within note 19.
Accrued income and other receivables are excluded from the expected credit loss calculation
as these balances have no material credit risk. Accrued income predominantly relates to interest
income due from regulated financial institutions and other receivables relate to balances with stock
exchange member firms, other counter parties and unsettled client receivables, some of which have
been taken from the client account and are in transit, and others where there is a contractual right
to sell down customer assets if funds are not available. These receivables are short-term in nature
and do not present any material credit risk.
The Group has implemented procedures that require appropriate credit or alternative checks
on potential customers before business is undertaken. This minimises credit risk in this area.
The credit and concentration risk on liquid funds, cash and cash equivalents is limited as deposits are held across a number of major banks. The Directors continue to monitor the strength of the banks used by the Group. The principal banks currently used by the Group are Bank of Scotland plc, Barclays Bank plc, Lloyds Bank plc, Lloyds Bank Corporate Markets plc, HSBC Bank plc, HSBC UK Bank plc, NatWest Markets plc, Santander UK plc, Clearstream Banking SA and Qatar National Bank (Q.P.S.C). Bank of Scotland plc, the Group\u2019s principal banker, is substantial and is 100% owned by Lloyds Banking Group plc. All these banks currently have long-term credit ratings of at least A+ (Fitch). Where the services of other banks are used, the Group follows a rigorous due diligence process prior to selection. This results in the Group retaining the ability to further mitigate the counterparty risk on its own behalf and that of its customers. The Group has no significant concentration of credit risk as exposure is spread over a large number of counterparties and customers. The maximum exposure to credit risk is represented by the carrying amount of each financial asset at the reporting date. In relation to dealing services, the Group operates as agent on behalf of its underlying customers and in accordance with London Stock Exchange Rules. Any settlement risk during the period between trade date and the ultimate settlement date is substantially mitigated as a result of the Group\u2019s agency status, its settlement terms and the delivery versus payment mechanism whereby if a counterparty fails to make payment, the securities would not be delivered to the counterparty. Therefore, any risk exposure is to an adverse movement in market prices between the time of trade and settlement. Conversely, if a counterparty fails to deliver securities, no payment would be made. There has been no material change to the Group\u2019s exposure to credit risk during the year. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-318": { "value": "Liquidity risk This is the risk that the Group may be unable to meet its liabilities as and when they fall due. These liabilities arise from the day-to-day activities of the Group and from its obligations to customers. The Group is a highly cash-generative business and maintains sufficient cash and standby banking facilities to fund its foreseeable trading requirements. There has been no change to the Group\u2019s exposure to liquidity risk or the manner in which it manages and measures the risk during the year. The following table shows the undiscounted cash flows relating to non-derivative financial liabilities of the Group based upon the remaining period to the contractual maturity date at the end of the reporting period.
Due within 1 to 5 After
1 year years 5 years Total
\u00a3000 \u00a3000 \u00a3000 \u00a3000
2025
Trade and other payables
57,730
\u2013
\u2013
57,730
Lease liabilities
3,004
9,975
1,544
14,523
60,734
9,975
1,544
72,253
2024
Trade and other payables
55,169
\u2013
\u2013
55,169
Lease liabilities
2,363
10,572
3,603
16,538
57, 532
10,572
3,603
71,707
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-319": { "value": "Capital management The Group\u2019s objectives in managing capital are to: \u2022 safeguard the Group\u2019s ability to continue as a going concern so that it can continue to provide returns for shareholders, security for our customers and benefits for other stakeholders; \u2022 maintain a strong capital base to support the development of its business; and \u2022 comply with regulatory requirements at all times. The capital structure of the Group consists of share capital, share premium and retained earnings. As at the reporting date the Group had capital of \u00a3217,452,000 (2024: \u00a3203,990,000). As part of the Group\u2019s capital allocation framework, capital generated from the business is both reinvested in the business to generate future growth and returned to shareholders principally in the form of dividends. We review our capital position annually and will consider returning any surplus capital to shareholders through a share buyback or special dividend, in accordance with the Capital Allocation Policy. The capital adequacy of the business is monitored on an ongoing basis and as part of the purpose strategy and planning by the Board. It is also reviewed before any distributions are made to shareholders to ensure it does not fall below the agreed surplus as outlined in the Group\u2019s Capital Management Policy. The liquidity of the business is monitored by management on a daily basis to ensure sufficient funding exists to meet the Group\u2019s liabilities as they fall due. The Group is highly cash-generative and maintains sufficient cash and standby banking facilities to fund its foreseeable trading requirements. The Group conducts an annual Internal Capital and Risk Assessment (ICARA) process, as required by FCA regulation. As part of the ICARA process, the Group determines the minimum level of capital and liquid resources that it is required to hold at all times. The amount of resources held by the Group are reviewed and monitored against these minimum requirements on an ongoing basis; and the minimum requirements are considered when making key business decisions. Our current financial resources, regulatory capital and liquidity requirements can be found on page 23. The Group maintained a surplus of regulatory capital and liquid resources throughout the year. The disclosures required under MIFIDPRU 8 of the Investment Firms Prudential Regime are available on the Group\u2019s website at ajbell.co.uk.", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-279": { "value": "
26 Interests in unconsolidated structure entities
The Group manages a number of investment funds (open-ended investments) acting as agent of
the Authorised Corporate Director. The dominant factor in deciding who controls these entities is
the contractual arrangement in place between the Authorised Corporate Director and the Group,
rather than voting or similar rights. As the Group directs the investing activities through its
investment management agreement with the Authorised Corporate Director, the investment funds
are deemed to be structured entities. The investment funds are not consolidated into the Group\u2019s
financial statements as the Group is judged to act as an agent rather than having control under
IFRS 10 Consolidated Financial Statements.
The purpose of the investment funds is to invest capital received from investors in a portfolio of
assets in order to generate a return in the form of capital appreciation, income from the assets, or
both. The Group\u2019s interest in the investment funds is in the form of management fees received for
its role as investment manager. These fees are variable depending on the value of the assets under
management.
The funds do not have any debt or borrowings and are financed through the issue of units to investors.
The following table shows the details of unconsolidated structured entities in which the Group has
an interest at the reporting date:
Management
Annual charge
Net AUM of management receivable at
Number of funds charge 30 September
Year
Type
funds \u00a3m \u00a3000 \u00a3000
2025
OEIC
9
4 ,9 47.4
6,933
606
2024
OEIC
9
3,698.1
5,035
496
The annual management charge of \u00a36,933,000 relates to AJ Bell\u2019s allocated fee as an investment
manager of the fund and is included within recurring ad valorem fees within revenue in the
consolidated income statement.
The annual management charge receivable is included within trade and other receivables in the
consolidated statement of financial position.
The maximum exposure to loss relates to a reduction in future management fees should the market
value of the investment funds decrease.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-278": { "value": "
27 Reconciliation of liabilities arising from financing activities
1 October Change in 30 September
2024 Cashflows lease liability 2025
2025 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Lease liabilities
13,177
(1,654)
535
12,058
Total liabilities from financing activities
13,177
(1,654)
535
12,058
1 October Change in 30 September
2023 Cashflows lease liability 2024
2024 \u00a3000 \u00a3000 \u00a3000 \u00a3000
Lease liabilities
12,406
(1,583)
2,354
13,177
Total liabilities from financing activities
12,406
(1,583)
2,354
13,177
", "dimensions": { "concept": "ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-280": { "value": "
28 Related party transactions
Transactions between the Parent Company and its subsidiaries, which are related parties, have been
eliminated on consolidation and are not disclosed.
Remuneration of key management personnel
Key management personnel refers to the Board of Directors, as shown on pages 72 and 73, and the
Executive Committee, as shown on page 78.
The remuneration of individual directors is provided in the Directors\u2019 Remuneration report on pages
104 and 105.
The remuneration expense of key management personnel is as follows:
2025 2024
\u00a3000 \u00a3000
Short-term employee benefits (excluding NI)
3,787
3,273
Retirement benefits
200
90
Share-based payment
1,534
2,144
5,521
5,507
Transactions with key management personnel
During the year there were no material transactions or balances between the Group and
its key management personnel or members of their close families, other than noted below.
Dividends totalling \u00a3489,000 (2024: \u00a3550,000) were paid in the year in respect of ordinary shares.
The aggregate gains made on the exercise of share options during the year were \u00a31,340,000
(2024: \u00a3897,000).
During the year, key management personnel and their families received beneficial staff rates
in relation to personal portfolios. The discount is not material to AJ Bell.
Other related party transactions
Charitable donations
During the year the Group made donations of \u00a3567,000 to the AJ Bell Futures Foundation
(2024: \u00a3439,000), a registered charity of which Mr P Birch, Mr C Musson and Mrs E A Carrington
are trustees.
EQ Property Services Limited
The Group is party to three leases with EQ Property Services Limited for rental of the Head Office
premises, 4 Exchange Quay, Salford Quays, Manchester, M5 3EE. Mr M T Summersgill is a director
and shareholder of both AJ Bell plc and EQ Property Services Limited. The leases for the rental of
the building were entered into on 17 August 2016 for terms which expire on 30 September 2031,
at an aggregate market rent of \u00a32,009,000 (2024: \u00a32,009,000 per annum).
At the reporting date, there is \u00a3502,000 outstanding, relating to rental payments (2024: \u00a354,000)
with EQ Property Services Limited.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-320": { "value": "28 Related party transactions Transactions between the Parent Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed. Remuneration of key management personnel Key management personnel refers to the Board of Directors, as shown on pages 72 and 73, and the Executive Committee, as shown on page 78. The remuneration of individual directors is provided in the Directors\u2019 Remuneration report on pages 104 and 105. The remuneration expense of key management personnel is as follows:
2025 2024
\u00a3000 \u00a3000
Short-term employee benefits (excluding NI)
3,787
3,273
Retirement benefits
200
90
Share-based payment
1,534
2,144
5,521
5,507
Transactions with key management personnel During the year there were no material transactions or balances between the Group and its key management personnel or members of their close families, other than noted below. Dividends totalling \u00a3489,000 (2024: \u00a3550,000) were paid in the year in respect of ordinary shares. The aggregate gains made on the exercise of share options during the year were \u00a31,340,000 (2024: \u00a3897,000). During the year, key management personnel and their families received beneficial staff rates in relation to personal portfolios. The discount is not material to AJ Bell. Other related party transactions Charitable donations During the year the Group made donations of \u00a3567,000 to the AJ Bell Futures Foundation (2024: \u00a3439,000), a registered charity of which Mr P Birch, Mr C Musson and Mrs E A Carrington are trustees. EQ Property Services Limited The Group is party to three leases with EQ Property Services Limited for rental of the Head Office premises, 4 Exchange Quay, Salford Quays, Manchester, M5 3EE. Mr M T Summersgill is a director and shareholder of both AJ Bell plc and EQ Property Services Limited. The leases for the rental of the building were entered into on 17 August 2016 for terms which expire on 30 September 2031, at an aggregate market rent of \u00a32,009,000 (2024: \u00a32,009,000 per annum). At the reporting date, there is \u00a3502,000 outstanding, relating to rental payments (2024: \u00a354,000) with EQ Property Services Limited.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-331": { "value": "Remuneration of key management personnel Key management personnel refers to the Board of Directors, as shown on pages 72 and 73, and the Executive Committee, as shown on page 78. The remuneration of individual directors is provided in the Directors\u2019 Remuneration report on pages 104 and 105. The remuneration expense of key management personnel is as follows:
2025 2024
\u00a3000 \u00a3000
Short-term employee benefits (excluding NI)
3,787
3,273
Retirement benefits
200
90
Share-based payment
1,534
2,144
5,521
5,507
Transactions with key management personnel During the year there were no material transactions or balances between the Group and its key management personnel or members of their close families, other than noted below. Dividends totalling \u00a3489,000 (2024: \u00a3550,000) were paid in the year in respect of ordinary shares. The aggregate gains made on the exercise of share options during the year were \u00a31,340,000 (2024: \u00a3897,000). During the year, key management personnel and their families received beneficial staff rates in relation to personal portfolios. The discount is not material to AJ Bell. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-281": { "value": "
29 Assets held for sale
On 27 March 2025, the Group announced it had agreed to sell its Platinum SIPP and SSAS business,
part of its non-platform business, for a total consideration of up to \u00a325,000,000. The deal
completed on the 3 November 2025. Further details are included in note 30.
The Platinum SIPP and SSAS business is not considered a major line of business for the Group
and therefore is classified as a disposal group and not a discontinued operation under IFRS 5
Non-current Assets Held for Sale and Discontinued Operations. Accordingly, assets held for sale
have been disclosed separately within the consolidated statement of financial position, the major
classes of assets are shown below.
2025
\u00a3000
Trade receivables
404
Accrued income
1,230
Assets held for sale
1,634
No impairment losses were recognised upon remeasurement of the assets prior to classification as
held for sale.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-321": { "value": "29 Assets held for sale On 27 March 2025, the Group announced it had agreed to sell its Platinum SIPP and SSAS business, part of its non-platform business, for a total consideration of up to \u00a325,000,000. The deal completed on the 3 November 2025. Further details are included in note 30. The Platinum SIPP and SSAS business is not considered a major line of business for the Group and therefore is classified as a disposal group and not a discontinued operation under IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Accordingly, assets held for sale have been disclosed separately within the consolidated statement of financial position, the major classes of assets are shown below.
2025
\u00a3000
Trade receivables
404
Accrued income
1,230
Assets held for sale
1,634
No impairment losses were recognised upon remeasurement of the assets prior to classification as held for sale.", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } }, "fact-282": { "value": "
30 Subsequent events
Following the year end, the Group continued to purchase shares under the \u00a325 million share buyback
programme. 1,450,531 shares for a total cost of \u00a37,875,000 were purchased and subsequently
cancelled between the end of the reporting period and the date of issuing the annual report.
The total shares bought back through the programme so far is 11,247,579.
On 3 November 2025, the Group announced that it had completed the sale of the Platinum
SIPP and SSAS business, part of its non-platform business, to InvestAcc Group Limited for a total
consideration of up to \u00a325 million.
The Group confirms that 3,400 customers and \u00a33.3 billion of assets under administration have
transferred to InvestAcc from its non-platform business.
Initial consideration of \u00a318.5 million upon completion has been settled; made up of \u00a317.5 million in
cash and \u00a31.0 million in new InvestAcc shares. Deferred consideration of up to \u00a36.5 million in cash
will be payable in the first half of 2026, subject to certain conditions
Completion of the transaction simplifies AJ Bell\u2019s business model and enables management to
focus on AJ Bell\u2019s core platform business in both the advised and D2C markets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800VNKA7DPWXWJJ36", "period": "2024-10-01T00:00:00/2025-10-01T00:00:00" } } } }