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REGISTERED NUMBER: OC355355 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE MANAGEMENT LLP

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTLE MANAGEMENT LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: Mr J A Baker
Mr G E Baker





REGISTERED OFFICE: The Priory Thremhall Park
Start Hill
Bishops Stortford
Hertfordshire
CM22 7WE





REGISTERED NUMBER: OC355355 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 51,067 4,177
Investments 5 100 100
51,167 4,277

CURRENT ASSETS
Debtors 6 2,120,467 2,207,455
Cash at bank 767,306 801,209
2,887,773 3,008,664
CREDITORS
Amounts falling due within one year 7 2,808,810 2,894,366
NET CURRENT ASSETS 78,963 114,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,130

118,575

CREDITORS
Amounts falling due after more than one year 8 11,667 21,667
NET ASSETS ATTRIBUTABLE TO MEMBERS 118,463 96,908

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

118,463

96,908

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 118,463 96,908
Amounts due from members 6 (91,756 ) (99,880 )
26,707 (2,972 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 June 2025 and were signed by:





Mr J A Baker - Designated member

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mantle Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2023 - 28 ) .

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 July 2023 13,728
Additions 56,275
At 30 June 2024 70,003
DEPRECIATION
At 1 July 2023 9,551
Charge for year 9,385
At 30 June 2024 18,936
NET BOOK VALUE
At 30 June 2024 51,067
At 30 June 2023 4,177

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 737,277 714,750
Other debtors 1,383,190 1,492,705
2,120,467 2,207,455

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 688,486 310,179
Taxation and social security 12,931 70,591
Other creditors 2,097,393 2,503,596
2,808,810 2,894,366

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 11,667 21,667

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.