REGISTERED NUMBER: 08917402 (England and Wales)

Audited Financial Statements

for the Period 1 March 2025 to 31 December 2025

for

Ryan Property Tax Consulting Services

Limited

Previously known as

LHL Property Auditors Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

George B. Ryan

Thomas R. Shave

REGISTERED OFFICE:

100 Liverpool Street

London

England

EC2M 2AT

REGISTERED NUMBER:

08917402 (England and Wales)

INDEPENDENT AUDITORS:

Saffery LLP

71 Queen Victoria Street

London

EC4V 4BE

FIXED ASSETS

Intangible assets

4

-

39,718

Tangible assets

5

12,634

571,329

Investments

6

-

34,965

12,634

646,012

CURRENT ASSETS

Debtors

7

1,916,652

849,823

Investments

8

-

125

Cash at bank and in hand

601,045

1,816,465

2,517,697

2,666,413

CREDITORS

Amounts falling due within one year

9

(1,148,770

)

(867,715

)

NET CURRENT ASSETS

1,368,927

1,798,698

TOTAL ASSETS LESS CURRENT LIABILITIES

1,381,561

2,444,710

PROVISIONS FOR LIABILITIES

11

(3,158

)

(15,334

)

NET ASSETS

1,378,403

2,429,376

CAPITAL AND RESERVES

Called up share capital

12

300

300

Other reserves

13

(370,244

)

-

Retained earnings

13

1,748,347

2,429,076

1,378,403

2,429,376

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 8 September 2026 and were signed on its behalf by:

George B. Ryan - Director

1.	STATUTORY INFORMATION

Ryan Property Tax Consulting Services Limited 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.

The current reporting period has been shortened to a 10-month period to align with the group. Due to this change, the prior year comparatives are not directly comparable.

The company passed a special resolution on 16 October 2025 changing its name from LHL Property Auditors Ltd to Ryan Property Tax Consulting Services Limited.

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 that on 1 May 2026 the trade and assets were hived up to Ryan Property Tax Services UK Limited as part of the group's restructuring process. Following this, the company has ceased to trade as an individual entity.

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.

Turnover

Turnover is the total amount estimated to be receivable by the company for services rendered and disbursements charged to clients during the year, excluding VAT.

Turnover is recognised when a right to consideration has been obtained through performance under each contract and reflects the contract activity during the period, having regard to the stage of completion of each contract and the relative uncertainty of predicting ultimate profitability on long term assignments. Turnover from property rates relief is recognised when the relevant local billing authority confirms entitlement to the relief or exemption.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

Plant and machinery etc

33% and 20% straight line

Land and Building

Original cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period end and that are expected to apply to the reversal of the timing differences.

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.

Employee benefits

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27 (2025 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

45,653

Disposals

(45,653

)

At 31 December 2025

-

AMORTISATION

At 1 March 2025

5,935

Eliminated on disposal

(5,935

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 28 February 2025

39,718

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

371,571

450,991

822,562

Additions

-

7,928

7,928

Disposals

(371,571

)

(337,043

)

(708,614

)

At 31 December 2025

-

121,876

121,876

DEPRECIATION

At 1 March 2025

-

251,233

251,233

Charge for period

-

8,788

8,788

Eliminated on disposal

-

(150,779

)

(150,779

)

At 31 December 2025

-

109,242

109,242

NET BOOK VALUE

At 31 December 2025

-

12,634

12,634

At 28 February 2025

371,571

199,758

571,329

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2025

34,965

Disposal

(34,965

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 28 February 2025

34,965

The disposal relates to the sale of the company's 35% shareholding in Illeso Digital Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

28.2.25

£

£

Trade debtors

353,746

388,541

Amounts owed by group undertakings

1,501,530

450,244

Other debtors

61,376

11,038

1,916,652

849,823

The comparative balance of £450,244 previously included within Other debtors has been reclassified to Amounts owed to group undertakings. This reclassification has been made to improve the presentation of the financial statements.

8.	CURRENT ASSET INVESTMENTS

31.12.25

28.2.25

£

£

Shares in group undertakings

-

125

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

28.2.25

£

£

Trade creditors

8,899

12,955

Amounts owed to group undertakings

407,340

-

Taxation and social security

192,105

642,608

Other creditors

540,426

212,152

1,148,770

867,715

No interest is charged on amounts owed to group undertakings. Amounts owed to group undertakings are repayable on demand.

10.	LEASING AGREEMENTS

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

31.12.25

28.2.25

£

£

Within one year

62,411

-

Between one and five years

36,406

-

98,817

-

The lease payments expense recognised in the year is £26,005 (2024: NIL).

11.	PROVISIONS FOR LIABILITIES

31.12.25

28.2.25

£

£

Deferred tax

3,158

15,334

Deferred

tax

£

Balance at 1 March 2025

15,334

Utilised during period

(12,176

)

Balance at 31 December 2025

3,158

All the deferred tax liability relates to corporation taxation treatment of capital expenditure being more rapid than the accounting depreciation treatment.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

28.02.25

value:

£

£

99

Ordinary (Formerly 'A' Ordinary shares)

£1

99

99

99

Ordinary (Formerly 'B' Ordinary shares)

£1

99

99

99

Ordinary (Formerly 'C' Ordinary shares)

£1

99

99

1

Ordinary (Formerly 'D' Ordinary shares)

£1

1

1

1

Ordinary (Formerly 'E' Ordinary shares)

£1

1

1

1

Ordinary (Formerly 'F' Ordinary shares)

£1

1

1

300

300

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 meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.

13.

RESERVES

The other reserves movement in the year relates to a waiver of an intercompany loan to Illumo Digital Limited before the sale of the company's investment in Illumo Digital Limited.

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

15.	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.

During the year, the company transferred certain intellectual property rights and associated goodwill to a company under significant control for nominal consideration of £1 as part of a restructuring of software ownership within the wider group.

16.	POST BALANCE SHEET EVENTS

On 1 May 2026 the trade and assets were hived up to Ryan Property Tax Services UK Limited as part of the group's restructuring process. Following this, the company has ceased to trade as an individual entity and will become dormant until dissolved.

17.	ULTIMATE CONTROLLING PARTY

On 2 August 2025, the company was acquired by Ryan Property Tax Services UK Limited, a wholly owned subsidiary of Ryan Tax Services UK Limited, both private companies limited by shares incorporated and registered in England and Wales.

The ultimate controlling parent company is Ryan Tax Holdings, Inc, a company registered in the USA. The directors consider George B. Ryan to be the ultimate controlling party.

Ryan LLC is the largest and smallest group in which results are consolidated. The consolidated financial statements of Ryan LLC and subsidiaries can be obtained from Companies House and from the following address:

8101 Windrose Avenue

Suite 2000

Plano, Texas 75024-0478

USA