REGISTERED NUMBER: SC733025 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

ICARUS WEALTH PLANNING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Hunter

REGISTERED OFFICE:

Suite 4.5, Turnberry House

175 West George Street

Glasgow

G22LB

REGISTERED NUMBER:

SC733025 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Tangible assets

4

1,081

1,488

CURRENT ASSETS

Debtors

42,671

53,268

Cash at bank

158,200

12,106

200,871

65,374

CREDITORS

Amounts falling due within one year

62,424

19,934

NET CURRENT ASSETS

138,447

45,440

TOTAL ASSETS LESS CURRENT LIABILITIES

139,528

46,928

PROVISIONS FOR LIABILITIES

270

372

NET ASSETS

139,258

46,556

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

139,158

46,456

SHAREHOLDERS' FUNDS

139,258

46,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

S Hunter - Director

1.	STATUTORY INFORMATION

Icarus 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 Company 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2025

1,984

Additions

119

At 31 May 2026

2,103

DEPRECIATION

At 1 June 2025

496

Charge for year

526

At 31 May 2026

1,022

NET BOOK VALUE

At 31 May 2026

1,081

At 31 May 2025

1,488

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

31.5.26

31.5.25

£

£

S Hunter

Balance outstanding at start of year

46,061

27,473

Amounts advanced

45,818

88,129

Amounts repaid

(58,283

)

(69,541

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,596

46,061

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Hunter.