REGISTERED NUMBER: SO303515 (Scotland)

YOSEF INVESTMENT LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

Dr H M Yosef

Mrs S Yosef

REGISTERED OFFICE:

35 Ballater Drive

Bearsden

Glasgow

G61 1BZ

REGISTERED NUMBER:

SO303515 (Scotland)

ACCOUNTANTS:

Colin Emery and Co. , Chartered Accountants

2 Comorach House,

Pollok Castle Estate,

Newton Mearns,

Glasgow

G77 6NT

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

812,430

812,430

812,430

812,430

CURRENT ASSETS

Debtors

6

400

550

Cash at bank

5,756

4,279

6,156

4,829

CREDITORS

Amounts falling due within one year

7

2,020

1,960

NET CURRENT ASSETS

4,136

2,869

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

816,566

815,299

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

658,824

657,557

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

157,742

157,742

816,566

815,299

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

658,824

657,557

Members' other interests

157,742

157,742

816,566

815,299

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 March 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 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 17 September 2025 and were signed by:

Dr H M Yosef - Designated member

1.	STATUTORY INFORMATION

Yosef Investment LLP is a limited liability partnership incorporated in Scotland. The registered office and principal place of business is 35 Ballater Drive, Bearsden, Glasgow, G61 1BZ.

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 as modified by the revaluation of certain assets.

Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at fair value of the consideration received or receivable.

Turnover represents property letting income recognised on a receivables basis. Income is recognised when a rental invoice is sent to the tenant.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for an difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss account.

Financial instruments

The limited liability partnership only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

2,881

DEPRECIATION

At 1 April 2024

and 31 March 2025

2,881

NET BOOK VALUE

At 31 March 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

812,430

NET BOOK VALUE

At 31 March 2025

812,430

At 31 March 2024

812,430

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

67,742

Valuation in 2016

30,000

Valuation in 2017

20,000

Valuation in 2019

(60,000

)

Valuation in 2022

60,000

Valuation in 2024

40,000

Cost

654,688

812,430

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

654,688

654,688

Investment property was valued on a fair value basis on 31 March 2025 by the members .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

400

550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

2,020

1,960

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members other interests'.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

157,742

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Yosef Investment LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the members of Yosef Investment LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Yosef Investment LLP and state those matters that we have agreed to state to the members of Yosef Investment LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Yosef Investment LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yosef Investment LLP. You consider that Yosef Investment LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Yosef Investment LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Colin Emery and Co. , Chartered Accountants

2 Comorach House,

Pollok Castle Estate,

Newton Mearns,

Glasgow

G77 6NT

17 September 2025