REGISTERED NUMBER: 10266233 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Indigo Consulting Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G B Ryan

J C Sweet

REGISTERED OFFICE:

100 Liverpool Street

London

EC2M 2AT

REGISTERED NUMBER:

10266233 (England and Wales)

AUDITORS:

Saffery LLP

71 Queen Victoria Street

London

EC4V 4BE

FIXED ASSETS

Tangible assets

4

-

9,407

CURRENT ASSETS

Debtors

5

417,762

321,375

Cash at bank

-

949,647

417,762

1,271,022

CREDITORS

Amounts falling due within one year

6

(205

)

(791,137

)

NET CURRENT ASSETS

417,557

479,885

TOTAL ASSETS LESS CURRENT LIABILITIES

417,557

489,292

CAPITAL AND RESERVES

Called up share capital

8

51,200

51,200

Retained earnings

366,357

438,092

SHAREHOLDERS' FUNDS

417,557

489,292

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

G B Ryan - Director

1.	STATUTORY INFORMATION

Indigo Consulting Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

On the 31 March 2024 the group made the decision to hive up all trade and assets of Indigo Consulting Group Ltd to Ryan Tax Services UK Limited, the parent company. As a result, Indigo Consulting Group Ltd has ceased to trade as an individual entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a basis other than going concern given the trade and assets have been hived up to the parent company as part of a group restructuring process.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Recoverability of debtors

The company establishes a provision for debtors that are estimated not to be recoverable.

When assessing recoverability the directors have considered factors such as the ageing of the

debtors, past experience of recoverability, and the credit profile of individual or groups of clients.

The directors have received a letter of support from their ultimate parent company Ryan LLC

which states that they will support intercompany balances if required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company performs services for clients under engagement specific contracts. Such contracts generally specify the agreed upon scope of the engagement, the time periods covered by the engagement, the client’s responsibility in providing information to and cooperating with the Company, and the fee payable to the Company.

The services performed are recognised with reference to the stage of completion of the transaction, measuring it against the proportion of the service contract being completed and when the performance obligations are satisfied.

Turnover from contracts which are generated from research and development claims recognises the stage of completion when the client receives the benefit. Fees are calculated on a percentage of the claim value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and Fittings

-25% straight line

Equipment

-25% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

5,393

25,451

30,844

Disposals

(5,393

)

(25,451

)

(30,844

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

3,823

17,614

21,437

Charge for year

337

1,508

1,845

Eliminated on disposal

(4,160

)

(19,122

)

(23,282

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

1,570

7,837

9,407

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

314,972

Amounts owed by group undertakings

290,584

-

Other debtors

127,178

6,403

417,762

321,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

148,884

Amounts owed to group undertakings

-

138,427

Taxation and social security

205

420,341

Other creditors

-

83,485

205

791,137

7.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

-

23,352

Between one and five years

-

87,570

-

110,922

8.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50,000

Ordinary

£1

50,000

50,000

100

A Ordinary

£1

100

100

1,000

Z Ordinary

£1

1,000

1000

100

C Ordinary

£1

100

100

51,200

51,200

Ordinary shares have full voting rights and rights to participate in dividends or other distribution. A, Z and C Ordinary shares have a right to participate in dividends, but no right in respect of voting or capital distribution.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	POST BALANCE SHEET EVENTS

On the 7 August 2025 completed a capital reduction to convert £49,999 of share capital to distributable reserves.

12.	ULTIMATE CONTROLLING PARTY