REGISTERED NUMBER: OC355355 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 30 June 2025

for

MANTLE MANAGEMENT LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

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

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

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

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.

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

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

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

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.