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REGISTERED NUMBER: OC355355 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 30 June 2025

for

MANTLE MANAGEMENT LLP

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

General Information | 1 |

Report of the Members | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 6 |

MANTLE MANAGEMENT LLP

General Information

for the Year Ended 30 June 2025

| 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: | JLA Accountants

| 42 Lytton Road

| Barnet

| Hertfordshire

| EN5 5BY

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Report of the Members

for the Year Ended 30 June 2025

The members present their report with the financial statements of the LLP for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of set up, operation and management of serviced offices and related activities.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J A Baker

Mr G E Baker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £590,048 (2024 - £62,726 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr J A Baker - Designated member

26 June 2026

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Income Statement

for the Year Ended 30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

TURNOVER | 3,760,672 |  | 4,782,947 |  |

Cost of sales | 2,007,471 |  | 2,268,386 |  |

GROSS PROFIT | 1,753,201 |  | 2,514,561 |  |

Administrative expenses | 1,515,795 |  | 2,458,547 |  |

237,406 |  | 56,014 |  |

Other operating income | 2,848 |  | 7,390 |  |

OPERATING PROFIT | 4 | 240,254 |  | 63,404 |  |

Interest payable and similar expenses | 427 |  | 678 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 239,827 |  | 62,726 |  |

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 220,589 |  | 51,067 |  |

Investments | 6 | 100 |  | 100 |  |

220,689 |  | 51,167 |  |

CURRENT ASSETS

Stocks | (24,262 | ) | - |  |

Debtors | 7 | 2,570,853 |  | 2,120,467 |  |

Cash at bank | 641,293 |  | 767,306 |  |

3,187,884 |  | 2,887,773 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,291,769 |  | 2,808,810 |  |

NET CURRENT (LIABILITIES)/ASSETS | (103,885 | ) | 78,963 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 116,804 |  | 130,130 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 1,667 |  | 11,667 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 115,137 |  | 118,463 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 10 | 115,137 |  | 118,463 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 10 | 115,137 |  | 118,463 |  |

Amounts due from members | 7 | (182,205 | ) | (91,756 | ) |

(67,068 | ) | 26,707 |  |

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 2025.

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 2025

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

The financial statements were approved by the members of the LLP and authorised for issue on 26 June 2026 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 2025

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.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 8 (2024 - 12 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 30.6.25 |  | 30.6.24

£ | £ |

| Depreciation - owned assets | 37,475 |  | 9,385 |  |

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machiner

| etc

£ |

| COST

| At 1 July 2024 | 70,003 |  |

| Additions | 206,997 |  |

| At 30 June 2025 | 277,000 |  |

| DEPRECIATION

| At 1 July 2024 | 18,936 |  |

| Charge for year | 37,475 |  |

| At 30 June 2025 | 56,411 |  |

| NET BOOK VALUE

| At 30 June 2025 | 220,589 |  |

| At 30 June 2024 | 51,067 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaki

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 100 |  |

| NET BOOK VALUE

| At 30 June 2025 | 100 |  |

| At 30 June 2024 | 100 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 499,376 |  | 737,277 |  |

| Other debtors | 2,071,477 |  | 1,383,190 |  |

2,570,853 |  | 2,120,467 |  |

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

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 688,723 |  | 688,486 |  |

| Taxation and social security | 17,244 |  | 12,931 |  |

| Other creditors | 2,575,802 |  | 2,097,393 |  |

3,291,769 |  | 2,808,810 |  |

MANTLE MANAGEMENT LLP (REGISTERED NUMBER: OC355355)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 1,667 |  | 11,667 |  |

10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

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