IRIS Accounts Production v25.4.12.37 OC377053 designated member 1.1.25 31.12.25 31.12.25 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the medium-sized LLPs regime. iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC377053 2024-12-31 OC377053 2025-12-31 OC377053 2025-01-01 2025-12-31 OC377053 2023-12-31 OC377053 2024-01-01 2024-12-31 OC377053 2024-12-31 OC377053 ns15:EnglandWales 2025-01-01 2025-12-31 OC377053 ns14:PoundSterling 2025-01-01 2025-12-31 OC377053 ns10:PartnerLLP1 2025-01-01 2025-12-31 OC377053 ns10:LimitedLiabilityPartnershipLLP 2025-01-01 2025-12-31 OC377053 ns10:MediumEntities 2025-01-01 2025-12-31 OC377053 ns10:Audited 2025-01-01 2025-12-31 OC377053 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 OC377053 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-01-01 2025-12-31 OC377053 ns10:LimitedLiabilityPartnershipsSORP 2025-01-01 2025-12-31 OC377053 ns10:FullAccounts 2025-01-01 2025-12-31 OC377053 ns10:PartnerLLP2 2025-01-01 2025-12-31 OC377053 ns10:PartnerLLP3 2025-01-01 2025-12-31 OC377053 ns10:RegisteredOffice 2025-01-01 2025-12-31 OC377053 ns5:CurrentFinancialInstruments 2025-12-31 OC377053 ns5:CurrentFinancialInstruments 2024-12-31 OC377053 1 2025-01-01 2025-12-31 OC377053 ns5:OwnedAssets 2025-01-01 2025-12-31 OC377053 ns5:OwnedAssets 2024-01-01 2024-12-31 OC377053 11 2025-01-01 2025-12-31 OC377053 11 2024-01-01 2024-12-31 OC377053 ns5:LeaseholdImprovements 2024-12-31 OC377053 ns5:FurnitureFittings 2024-12-31 OC377053 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 OC377053 ns5:FurnitureFittings 2025-01-01 2025-12-31 OC377053 ns5:LeaseholdImprovements 2025-12-31 OC377053 ns5:FurnitureFittings 2025-12-31 OC377053 ns5:LeaseholdImprovements 2024-12-31 OC377053 ns5:FurnitureFittings 2024-12-31 OC377053 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 OC377053 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 OC377053 ns5:WithinOneYear 2025-12-31 OC377053 ns5:WithinOneYear 2024-12-31 OC377053 ns5:BetweenOneFiveYears 2025-12-31 OC377053 ns5:BetweenOneFiveYears 2024-12-31 OC377053 ns5:MoreThanFiveYears 2025-12-31 OC377053 ns5:MoreThanFiveYears 2024-12-31 OC377053 ns5:AllPeriods 2025-12-31 OC377053 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: OC377053 (England and Wales)

| Report of the Members and |

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Tanager Wealth Management LLP |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 7 |

| Statement of Financial Position | 8 |

| Reconciliation of Members' Interests | 9 |

| Statement of Cash Flows | 11 |

| Notes to the Statement of Cash Flows | 12 |

| Notes to the Financial Statements | 14 |

| Tanager Wealth Management LLP |

General Information

for the Year Ended 31 December 2025

| DESIGNATED MEMBERS: | D G Costello

| A W R Eichhorn

| K K Heck

| REGISTERED OFFICE: | The White House

| Mill Road

| Goring

| Reading

| Berkshire

| RG8 9DD

| REGISTERED NUMBER: | OC377053 (England and Wales)

| AUDITORS: | WP Audit Services LLP

| Chancery House

| 30 St Johns Road

| Woking

| Surrey

| GU21 7SA

| Tanager Wealth Management LLP (Registered number: OC377053) |

Report of the Members

for the Year Ended 31 December 2025

The members present their report with the financial statements of the LLP for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of providing investment management and advisory services.

DESIGNATED MEMBERS

The designated members during the year under review were:

D G Costello

A W R Eichhorn

K K Heck

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £2,140,883 (2024 - £2,243,533 profit).

MEMBERS' INTERESTS

Subscription and repayment of Members' capital is governed by the LLP deed, dated 26 September 2022. Repayment of capital to retiring Members is subject to the Managing Member determining that sufficient additional capital has been contributed by the remaining or new Members.

Details of changes in Members' capital in the year ended 31 December 2025 are set out in the Reconciliation of Members' Interests.

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between Members after finalisation of the financial statements. Members' drawings are made following the end of an accounting period and after the Managing Member has made any allowances, allocations and determinations in accordance with the LLP deed.

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

| Tanager Wealth Management LLP (Registered number: OC377053) |

Report of the Members

for the Year Ended 31 December 2025

AUDITORS

The auditors, WP Audit Services LLP, have indicated their willingness to continue in office.

ON BEHALF OF THE MEMBERS:

A W R Eichhorn - Designated member

31 March 2026

Report of the Independent Auditors to the Members of

Tanager Wealth Management LLP

Opinion

We have audited the financial statements of Tanager Wealth Management LLP (the 'LLP') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Reconciliation of Members' Interests, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the LLP's affairs as at 31 December 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of

Tanager Wealth Management LLP

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

Based on our understanding of the LLP and its industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches of UK regulatory principles governed by the Financial Conduct Authority, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and UK tax legislation.

We evaluated management's incentive and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, and management bias in accounting estimates.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of:

Enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations and of known or suspected instances of non-compliance with laws and regulation and fraud;

Reading key correspondence with the Financial Conduct Authority in relation to compliance with laws and regulations;

Reviewing data regarding the LLP's register of litigation and claims, in so far as they related to non-compliance with laws and regulations and fraud;

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management;

Reviewing transactions around the end of the reporting period; and

The performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.

Report of the Independent Auditors to the Members of

Tanager Wealth Management LLP

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart Wright (Senior Statutory Auditor)

for and on behalf of WP Audit Services LLP

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

31 March 2026

| Tanager Wealth Management LLP (Registered number: OC377053) |

Statement of Comprehensive

Income

for the Year Ended 31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

REVENUE | 5 | 7,894,167 |  | 6,745,835 |  |

Cost of sales | (25,909 | ) | (14,275 | ) |

GROSS PROFIT | 7,868,258 |  | 6,731,560 |  |

Administrative expenses | (5,764,450 | ) | (4,523,850 | ) |

OPERATING PROFIT | 7 | 2,103,808 |  | 2,207,710 |  |

Interest receivable and similar income | 37,590 |  | 35,823 |  |

2,141,398 |  | 2,243,533 |  |

Interest payable and similar expenses | 8 | (515 | ) | - |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 2,140,883 |  | 2,243,533 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 2,140,883 |  | 2,243,533 |  |

Members' remuneration charged as an expense | 9 | (2,140,883 | ) | (2,243,533 | ) |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | - |  | - |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Statement of Financial Position

31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 10 | 56,589 |  | 27,479 |  |

CURRENT ASSETS

Debtors | 11 | 431,808 |  | 426,164 |  |

Cash at bank | 1,267,349 |  | 1,071,146 |  |

1,699,157 |  | 1,497,310 |  |

CREDITORS

Amounts falling due within one year | 12 | (355,871 | ) | (451,895 | ) |

NET CURRENT ASSETS | 1,343,286 |  | 1,045,415 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,399,875 |  | 1,072,894 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 14 | 725,875 |  | 415,894 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 674,000 |  | 657,000 |  |

1,399,875 |  | 1,072,894 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 14 | 725,875 |  | 415,894 |  |

Members' other interests | 674,000 |  | 657,000 |  |

1,399,875 |  | 1,072,894 |  |

The financial statements were approved by the members of the LLP and authorised for issue on 31 March 2026 and were signed by:

A W R Eichhorn - Designated member

| Tanager Wealth Management LLP (Registered number: OC377053) |

Reconciliation of Members' Interests

for the Year Ended 31 December 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 January 2025 | 657,000 |  | - |  | 657,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 657,000 |  | - |  | 657,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Reclassifications | 17,000 |  | - |  | 17,000 |  |

Balance at 31 December 2025 | 674,000 |  | - |  | 674,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 415,894 |  |

Amount due from members | - |  |

Balance at 1 January 2025 | 415,894 |  | 1,072,894 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 2,140,883 |  | 2,140,883 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 2,556,777 |  | 3,213,777 |  |

Drawings on account and distributions of profit | (1,813,902 | ) | (1,813,902 | ) |

Reclassifications | (17,000 | ) | - |  |

Amount due to members | 725,875 |  |

Amount due from members | - |  |

Balance at 31 December 2025 | 725,875 |  | 1,399,875 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Reconciliation of Members' Interests

for the Year Ended 31 December 2025

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 January 2024 | 650,000 |  | - |  | 650,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 650,000 |  | - |  | 650,000 |  |

Introduced by members | 7,000 |  | - |  | 7,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 December 2024 | 657,000 |  | - |  | 657,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 95,201 |  |

Amount due from members | - |  |

Balance at 1 January 2024 | 95,201 |  | 745,201 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 2,243,533 |  | 2,243,533 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 2,338,734 |  | 2,988,734 |  |

Introduced by members | - |  | 7,000 |  |

Drawings on account and distributions of profit | (1,922,840 | ) | (1,922,840 | ) |

Amount due to members | 415,894 |  |

Amount due from members | - |  |

Balance at 31 December 2024 | 415,894 |  | 1,072,894 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Statement of Cash Flows

for the Year Ended 31 December 2025

| 31/12/25 |  | 31/12/24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 2 | 2,038,983 |  | 2,191,217 |  |

Interest paid | (515 | ) | - |  |

Net cash from operating activities | 2,038,468 |  | 2,191,217 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (65,953 | ) | (29,219 | ) |

Interest received | 37,590 |  | 35,823 |  |

Net cash from investing activities | (28,363 | ) | 6,604 |  |

Cash flows from financing activities

Transactions with members and former | members |

Payments to members | (1,813,902 | ) | (1,922,840 | ) |

Contributions by members | - |  | 7,000 |  |

Net cash from financing activities | (1,813,902 | ) | (1,915,840 | ) |

Increase in cash and cash equivalents | 196,203 |  | 281,981 |  |

Cash and cash equivalents at beginning of year | 3 | 1,071,146 |  | 789,165 |  |

Cash and cash equivalents at end of year | 3 | 1,267,349 |  | 1,071,146 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Statement of Cash Flows

for the Year Ended 31 December 2025

1. | CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT

| Distributions to members are classified as financing cash flows.

2. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS

| 31/12/25 |  | 31/12/24

£ | £ |

| Profit for the financial year available for discretionary division among members | - |  | - |  |

| Members' remuneration charged as an expense | 2,140,883 |  | 2,243,533 |  |

| Depreciation charges | 36,843 |  | 30,479 |  |

| Finance costs | 515 |  | - |  |

| Finance income | (37,590 | ) | (35,823 | ) |

2,140,651 |  | 2,238,189 |  |

| Increase in trade and other debtors | (5,644 | ) | (13,528 | ) |

| Decrease in trade and other creditors | (96,024 | ) | (33,444 | ) |

| Cash generated from operations | 2,038,983 |  | 2,191,217 |  |

3. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 December 2025

| 31/12/25 |  | 1/1/25

£ | £ |

| Cash and cash equivalents | 1,267,349 |  | 1,071,146 |  |

| Year ended 31 December 2024

| 31/12/24 |  | 1/1/24

£ | £ |

| Cash and cash equivalents | 1,071,146 |  | 789,165 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Statement of Cash Flows

for the Year Ended 31 December 2025

4. | ANALYSIS OF CHANGES IN NET FUNDS

| Other |

| non-cash |

| At 1/1/25 | Cash flow | changes | At 31/12/25

£ | £ | £ | £ |

| Net cash |

| Cash at bank | 1,071,146 |  | 196,203 |  | 1,267,349 |  |

1,071,146 |  | 196,203 |  | 1,267,349 |  |

| Net funds (before

| members' debt) | 1,071,146 |  | 196,203 |  | - |  | 1,267,349 |  |

| Loans and other debts

| due to members

| Other amounts

| due to members | (415,894 | ) | 1,830,902 |  | (2,140,883 | ) | (725,875 | ) |

| Net funds | 655,252 |  | 2,027,105 |  | (2,140,883 | ) | 541,474 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Tanager Wealth 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. | STATEMENT OF COMPLIANCE

| 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" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

| The following principal accounting policies have been applied:

| Turnover

| Turnover comprises fee income receivable for providing investment management, advisory and ancillary services. Income is recognised in accordance with the key terms of the governing agreements. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| Depreciation is provided on the following basis:

| Improvements to property |  | Over the period of the lease |  |

| Fixtures and fittings |  | Straight line over 24 months |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

| Foreign currencies

| Functional and presentation currency

| The LLP's functional and presentational currency is GBP.

| Transactions and balances

| Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| At each period end foreign currency monetary items are translated using the closing rate. Non-monetary Items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

| Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

| 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.

| Members' profit allocations

| Under the terms of the LLP agreement, income profits shall be allocated following the end of each accounting period firstly through periodic distributions per the terms of Membership, secondly through discretionary allocations by the Managing Member and thirdly in proportion to the Members' residual profit shares.

| Capital profits shall be allocated to the Members in proportion to their capital shares.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the LLP's cash management.

| Financial Instruments

| The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

| Financial instruments are recognised when the LLP becomes party to the contractual provisions of the instrument Financial instruments are initially measured at transaction price.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Receivables 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

| Creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the Partnership's accounting policies, which are described in note 3, the Members are required to make judgements, estimates and assumptions which affect the amounts reported for assets and liabilities as at the period end date and the amounts reported for revenues and expenses during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. However, the nature of the estimation means that actual outcomes could differ from these estimates.

| The Members consider there to be no critical judgements, estimates and assumptions used in the preparation of these financial statements.

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | REVENUE

| The revenue and profit for the financial year before members' remuneration and profit shares are attributable to the one principal activity of the LLP.

| Turnover is generated from both US and UK advisory services, in the year 84% (2024: 84%) of revenues were generated from the US advisory work, with the balance derived from UK advisory work.

6. | EMPLOYEE INFORMATION

| 31/12/25 |  | 31/12/24

£ | £ |

| Wages and salaries | 2,475,548 |  | 2,191,266 |  |

| Social security costs | 329,088 |  | 261,905 |  |

| Other pension costs | 120,292 |  | 104,446 |  |

2,924,928 |  | 2,557,617 |  |

| The average number of employees during the year was as follows:

| 31/12/25 |  | 31/12/24

| Advisors | 7 |  | 6 |  |

| Office administration and support | 28 |  | 24 |  |

35 |  | 30 |  |

7. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 31/12/25 |  | 31/12/24

£ | £ |

| Depreciation - owned assets | 36,843 |  | 30,479 |  |

| Auditors' remuneration | 11,500 |  | 10,500 |  |

| Foreign exchange differences | (1,980 | ) | 8,912 |  |

| Operating lease payments | 210,494 |  | 211,372 |  |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31/12/25 |  | 31/12/24

£ | £ |

| Bank interest | 515 |  | - |  |

9. | INFORMATION IN RELATION TO MEMBERS

| 31/12/25 |  | 31/12/24

£ | £ |

| Members' remuneration charged as an expense |

| Automatic distributions | 2,140,883 |  | 2,243,533 |  |

| 31/12/25 |  | 31/12/24

£ | £ |

| The amount of profit attributable to the member with the largest entitlement was | 530,460 |  | 563,496 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | INFORMATION IN RELATION TO MEMBERS - continued

| 31/12/25 |  | 31/12/24

| The average number of members during the year was | 6 |  | 6 |  |

| Debt represents loans and other debtors due to Members less any amounts due from Members.

| There are no existing restrictions or limitations which impact the ability of the Members of the LLP to reduce the amount of Members' other interests.

| The amounts due to Members would rank pari passu with other creditors in the event of a Winding up of the

| LLP.

10. | PROPERTY, PLANT AND EQUIPMENT

| Improvements |  | Fixtures |

| to |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| Cost

| At 1 January 2025 | - |  | 244,702 |  | 244,702 |  |

| Additions | 28,278 |  | 37,675 |  | 65,953 |  |

| At 31 December 2025 | 28,278 |  | 282,377 |  | 310,655 |  |

| Depreciation

| At 1 January 2025 | - |  | 217,223 |  | 217,223 |  |

| Charge for year | 3,181 |  | 33,662 |  | 36,843 |  |

| At 31 December 2025 | 3,181 |  | 250,885 |  | 254,066 |  |

| Net book value

| At 31 December 2025 | 25,097 |  | 31,492 |  | 56,589 |  |

| At 31 December 2024 | - |  | 27,479 |  | 27,479 |  |

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/25 |  | 31/12/24

£ | £ |

| Trade debtors | 176,813 |  | 181,094 |  |

| Prepayments | 254,995 |  | 245,070 |  |

431,808 |  | 426,164 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/25 |  | 31/12/24

£ | £ |

| Trade creditors | 32,661 |  | 47,834 |  |

| Social security and other taxes | 147,030 |  | 114,460 |  |

| VAT | 83,634 |  | 58,822 |  |

| Other creditors | 28,157 |  | 23,238 |  |

| Accruals and deferred income | 64,389 |  | 207,541 |  |

355,871 |  | 451,895 |  |

| Tanager Wealth Management LLP (Registered number: OC377053) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

13. | LEASING AGREEMENTS

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

| 31/12/25 |  | 31/12/24

£ | £ |

| Within one year | 233,835 |  | 233,835 |  |

| Between one and five years | 935,340 |  | 213,975 |  |

| In more than five years | 213,975 |  | - |  |

1,383,150 |  | 447,810 |  |

14. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31/12/25 |  | 31/12/24

£ | £ |

| Amounts owed to members in respect of profits | 725,875 |  | 415,894 |  |

| Falling due within one year | 725,875 |  | 415,894 |  |

15. | PENSION COMMITMENTS

| The LLP operates a defined contribution pension scheme whose assets are held separately from those of the LLP in an independently administered fund.

| The pension cost charge represents contributions payable by the LLP during the year and amounts to £120,292 (2024: £104,446). The year end liability in respect of the scheme is £28,136 (2024: £23,238).

16. | RELATED PARTY DISCLOSURES

| During the year, the entity paid fees totalling £1,131,286 (2024: £439,307) to Tanager Wealth Management USA LLP, a related party due to common members. These services are purchased on an Arm's Length basis.

17. | ULTIMATE CONTROLLING PARTY

| In the opinion of the members, there is no ultimate controlling party.