Tusk Management LLP - LLP accounts 24.3

REGISTERED NUMBER: OC365902 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TUSK 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:

Tusk Corporation Management Services Ltd

D Naylor-Leyland

REGISTERED OFFICE:

4th Floor

95 Gresham Street

London

EC2V 7AB

REGISTERED NUMBER:

OC365902 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

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 provision of services and personnel to Tusk Investments LP Inc and its subsidiaries.

DESIGNATED MEMBERS

The designated members during the year under review were:

Tusk Corporation Management Services Ltd

H Green

D Naylor-Leyland

H Green resigned on 31 March 2025 and D Naylor-Leyland was appointed on 31 March 2025.

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £NIL profit).

MEMBERS' INTERESTS

There are no amounts due to/from lenders that would rank above other creditors/debtors in the event of the company being wound up.

ON BEHALF OF THE MEMBERS:

D Naylor-Leyland - Designated member

4 June 2026

TURNOVER

34,872

128,111

Cost of sales

32,742

126,413

GROSS PROFIT

2,130

1,698

Administrative expenses

2,177

1,817

OPERATING LOSS

(47

)

(119

)

Interest receivable and similar income

47

119

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

-

CURRENT ASSETS

Debtors

4

2,549

1,176

Cash at bank

82

1,274

2,631

2,450

CREDITORS

Amounts falling due within one year

5

2,531

2,350

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

100

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

100

TOTAL MEMBERS' INTERESTS

Members' other interests

100

Amounts due from members

4

(20

)

(20

)

80

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 31 December 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 4 June 2026 and were signed by:

D Naylor-Leyland - Designated member

1.	STATUTORY INFORMATION

Tusk 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.

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.

3.	EMPLOYEE INFORMATION

There was no employees in the year.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Amounts due from members

20

Other debtors

2,529

1,156

2,549

1,176

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

Taxation and social security

-

192

Other creditors

2,531

2,158

2,531

2,350

6.	ULTIMATE CONTROLLING PARTY

Under the terms of the Partnership, no one member is able to individually control the activities or policies adopted by the Partnership.