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REGISTERED NUMBER: 07655311 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TUSK CORPORATION MANAGEMENT SERVICES LTD

TUSK CORPORATION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07655311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TUSK CORPORATION MANAGEMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Ms H Green





REGISTERED OFFICE: Point 3
Haywood Road
Warwick
CV34 5AH





REGISTERED NUMBER: 07655311 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

TUSK CORPORATION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07655311)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 10,010 10,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,010

10,010

CREDITORS
Amounts falling due after more than one year 5 (9,010 ) (9,010 )
NET ASSETS 1,000 1,000

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 20th March 2025 and were signed by:





Ms H Green - Director


TUSK CORPORATION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07655311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Tusk Corporation Management Services 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

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

TUSK CORPORATION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07655311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 10,010
NET BOOK VALUE
At 31st December 2024 10,010
At 31st December 2023 10,010

Details of undertakings
Details of the investments in group undertakings are as follows:



Undertaking

Registered Office

Holding
Proportion of
shares: 2024
Proportion of
shares: 2023
Tusk
Management
LLP

Point 3, Haywood Rd,
Warwick, CV34 5AH


Capital account


10%


10%



Tusk GP
Limited
PO Box 656, East Wing,
Trafalgar Court, Les
Banques, St Peter Port,
Guernsey, GY1 3PP


Ordinary
shares



100%



100%

The principal activity of Tusk Management LLP is the provision of services and personnel to Tusk Investments LP Inc and its subsidiaries. The principal activity of Tusk GP Limited is acting as General Partner, Managing Member and Manager for various entities in the Tusk structure.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 9,010 9,010

6. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed The Adelie Charitable Trust LLP £9,010 (2023: £9,010). This amount is shown within other creditors.

During the year, professional and administration fees of £1,881 (2023: £1,883) were paid by other group companies on behalf of Tusk Corporation Management Services Limited.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors under the ownership of The Adelie Charitable Trust.