RTB Wealth Planning Limited - Limited company accounts 25.1

REGISTERED NUMBER: SC559646 (Scotland)

Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

RTB Wealth Planning Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

V Barr

E D McGhee

REGISTERED OFFICE:

25 Hope Street

Lanark

ML11 7NE

REGISTERED NUMBER:

SC559646 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

BANKERS:

Royal Bank of Scotland

Palace Towers

Palace Grounds Retail Park

Hamilton

ML3 6AD

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

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

V Barr

E D McGhee

As a result of the group being entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025 we requested that our independent accountants carry out test checks which were focussed primarily on control over expenditure and bank transactions. These tests were satisfactory.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

V Barr - Director

16 April 2026

TURNOVER

1,324,625

1,281,557

Administrative expenses

872,779

992,576

OPERATING PROFIT

4

451,846

288,981

Interest receivable and similar income

3,963

8,856

455,809

297,837

Interest payable and similar expenses

271

534

PROFIT BEFORE TAXATION

455,538

297,303

Tax on profit

140,549

102,045

PROFIT FOR THE FINANCIAL YEAR

314,989

195,258

Profit attributable to:

Owners of the parent

314,989

195,258

FIXED ASSETS

Intangible assets

6

1,308,726

1,390,521

Tangible assets

7

27,047

22,409

Investments

8

-

1,335,773

1,412,930

CURRENT ASSETS

Debtors

9

47,374

25,656

Investments

10

-

1

Cash at bank and in hand

325,147

193,546

372,521

219,203

CREDITORS

Amounts falling due within one year

11

577,783

581,451

NET CURRENT LIABILITIES

(205,262

)

(362,248

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,130,511

1,050,682

CREDITORS

Amounts falling due after more than one
year

12

(160,000

)

(285,538

)

PROVISIONS FOR LIABILITIES

(21,833

)

(17,954

)

NET ASSETS

948,678

747,190

CAPITAL AND RESERVES

Called up share capital

233,334

Share premium

3

Capital redemption reserve

14,815

Retained earnings

700,526

499,038

948,678

747,190

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

V Barr - Director

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

-

Investments

8

2,481,741

CURRENT ASSETS

Cash at bank

1,417

1,421

CREDITORS

Amounts falling due within one year

11

708,950

855,814

NET CURRENT LIABILITIES

(707,533

)

(854,393

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,774,208

1,627,348

CREDITORS

Amounts falling due after more than one
year

12

160,000

280,000

NET ASSETS

1,614,208

1,347,348

CAPITAL AND RESERVES

Called up share capital

233,334

Share premium

3

Capital redemption reserve

14,815

Retained earnings

1,366,056

1,099,196

1,614,208

1,347,348

Company's profit for the financial year

380,361

276,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

V Barr - Director

1.	STATUTORY INFORMATION

RTB Wealth Planning Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Basis of consolidation

The consolidated profit and loss account and balance sheet incorporate the financial statements of the company and all of its subsidiaries in the period.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The material items in the financial statements where these judgements and estimates have been made include the estimation of the indemnity provision as well as in relation to accruals for client complaints.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on cost and 15% on cost

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of any transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Pension costs and other post-retirement benefits

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

Indemnity commission

Insurance commissions received on indemnity terms are credited to the profit and loss account when received and are stated net of any commissions repaid in the period.

Provision is made by the directors for the potential liability for repayment of this commission.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

Depreciation - owned assets

9,569

7,207

Goodwill amortisation

81,795

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

2,394,862

AMORTISATION

At 1 January 2025

1,004,341

Charge for year

81,795

At 31 December 2025

1,086,136

NET BOOK VALUE

At 31 December 2025

1,308,726

At 31 December 2024

1,390,521

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 January 2025

132,218

Additions

14,207

At 31 December 2025

146,425

DEPRECIATION

At 1 January 2025

109,809

Charge for year

9,569

At 31 December 2025

119,378

NET BOOK VALUE

At 31 December 2025

27,047

At 31 December 2024

22,409

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

2,481,741

NET BOOK VALUE

At 31 December 2025

2,481,741

At 31 December 2024

2,481,741

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Direct subsidiary undertakings

Name

Executive Benefit Services (UK) Limited

Principal activity:

Authorised independent financial advisors

Class of shares:

Ordinary

Holding:

100%

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

31.12.25

31.12.24

£

Trade debtors

23,028

12,703

Other debtors

24,346

12,953

47,374

25,656

10.	CURRENT ASSET INVESTMENTS

Group

31.12.25

31.12.24

£

Other

-

1

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

Bank loans and overdrafts

5,275

10,133

-

Trade creditors

1

-

Amounts owed to group undertakings

-

546,418

696,402

Taxation and social security

158,004

118,761

-

Other creditors

414,503

452,557

162,532

159,412

577,783

581,451

708,950

855,814

Amounts owed to group undertakings are unsecured, interest free and have no fixed repayment date.

Other creditors of the group and parent include amount due to the former director and shareholder R. McCann £120,000 (2024: £120,000).

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

Bank loans

-

5,538

-

Other creditors

160,000

280,000

160,000

280,000

160,000

285,538

160,000

280,000

Other creditors of the group and parent relates to the amount due to former director and shareholder R McCann.

13.	SECURED DEBTS

The following secured debts are included within creditors:

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

Deferred consideration

280,000

400,000

280,000

400,000

RTB Wealth Planning Limited and Executive Benefit Services (UK) Limited have granted R McCann a floating charge over the whole of the property, assets and undertaking (including uncalled capital) from time to time of the company in respect of deferred consideration due.

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £113,500 (2024: £107,430) were paid to a director.

15.	ULTIMATE CONTROLLING PARTY

V Barr is the ultimate controlling party of RTB Wealth Planning Limited.