Ioseph Limited


Directors	Antonis Demetri
	Prodromos Theori


Registered Address	2nd Floor 10-12 Bourlet Close
	London
	W1W 7BR


Registered Number	09843942 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		74,412		110,093
Investments	4		-		30
			74,412		110,123
Current assets
Debtors	5	16,751,310		14,324,218
Cash at bank and on hand		733,523		2,134,358
		17,484,833		16,458,576
Creditors amounts falling due within one year	6	(11,098,236)		(11,068,554)
Net current assets (liabilities)			6,386,597		5,390,022
Total assets less current liabilities			6,461,009		5,500,145
Net assets			6,461,009		5,500,145
Capital and reserves
Called up share capital			150		150
Profit and loss account			6,460,859		5,499,995
Shareholders' funds			6,461,009		5,500,145

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 May 2026, and are signed on its behalf by:

Antonis Demetri
Director
Registered Company No. 09843942

Ioseph Limited

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Basis of preparation
	Ioseph Limited is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered address is given in the company information on page 1 of these financial statements. The principal place of business can be found in the note 10 of Financial Statements. The financial statements cover the individual entity , are presented in sterling which is the functional currency of the company and are not rounded. The Financial Statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The debtors and creditors have been restated for the comparative year. The significant accounting policies applied in the preparation of these financial statements are set out below.

Basis of preparation

Ioseph Limited is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered address is given in the company information on page 1 of these financial statements. The principal place of business can be found in the note 10 of Financial Statements.

The financial statements cover the individual entity , are presented in sterling which is the functional currency of the company and are not rounded.

The Financial Statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). 

The debtors and creditors have been restated for the comparative year. 

The significant accounting policies applied in the preparation of these financial statements are set out below.

	Revenue from rendering of services
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes arrangement fees and interest income from provision of bridging loans. The arrangement fees and initial interest is charged to client for minimum period which varies from facility to facility. Both arrangement fees and initial interest are added to the loans issued. They both are spread over the period by using the effective interest method. The arrangement fees and initial interest on Mezzanine loans are also added to the loans and they are spread over the period by using the effective interest method.

Revenue from rendering of services

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes arrangement fees and interest income from provision of bridging loans. The arrangement fees and initial interest is charged to client for minimum period which varies from facility to facility. Both arrangement fees and initial interest are added to the loans issued. They both are spread over the period by using the effective interest method. The arrangement fees and initial interest on Mezzanine loans are also added to the loans and they are spread over the period by using the effective interest method.

	Operating leases
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Borrowing costs
	Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	5
	Fixtures and fittings	5

	Investments
	Investments in subsidiary undertakings are recognised at cost.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		3

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 24	152,532	34,662	187,194
Additions	-	1,988	1,988
At 31 August 25	152,532	36,650	189,182
Depreciation and impairment
At 01 September 24	63,486	13,615	77,101
Charge for year	30,508	7,161	37,669
At 31 August 25	93,994	20,776	114,770
Net book value
At 31 August 25	58,538	15,874	74,412
At 31 August 24	89,046	21,047	110,093

4.	Fixed asset investments
	Ethical Bridging Ltd is 100% owned by Ioseph Ltd, a company registered in England with registered office at 9 Vermont Place, Tongwell, Milton keynes, MK15 8JA.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 September 24	30	30
Disposals	(30)	(30)
Net book value
At 31 August 25	-	-
At 31 August 24	30	30

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	10,039,202	4,410,983
Amounts owed by group undertakings	1,007,009	1,005,415
Other debtors	4,782,288	8,785,854
Prepayments and accrued income	922,811	121,966
Total	16,751,310	14,324,218

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	74,614	-
Other creditors	11,004,352	11,052,183
Accrued liabilities and deferred income	19,270	16,371
Total	11,098,236	11,068,554

7.	Other commitments
	Total future minimum payments under non-cancellable operating leases 2025 2024 £ £ Within 1 year 4,000 48,000 Total 4,000 48,000

8.	Related party transactions
	Transactions with Parent Entity The parent in 2025 is Ioseph Commercial Limited (in 2024 Ioseph Commercial Limited). 2025 2024 £ £ Loan due from parent undertaking Loan is interest free and repayable on demand. 1,007,009 1,005,415 Other related parties Rent paid to related party 4,000 48,000 Balance due from connected companies 3,977,787 7,977,787 Balance due to connected companies 11,003,471 10,236,415

Related party transactions

Transactions with Parent Entity

The parent in 2025 is Ioseph Commercial Limited (in 2024 Ioseph Commercial Limited).


                                                                                                2025               2024
                                                                                                £                     £

Loan due from parent undertaking

Loan is interest free and repayable on demand.                     1,007,009         1,005,415        

Other related parties
Rent paid to related party                                                               4,000               48,000         
Balance due from connected companies                                3,977,787          7,977,787         
Balance due to connected companies                                  11,003,471        10,236,415

9.	Controlling party
	The controlling party is Ioseph Commercial Limited , a company registered in England with registered office at Olive Tree Centre, 472a Larkshall Road, London, E4 9HH.

10.	Further information regarding the company's financial position
	The company principal place of business is as follows: 135 Ballards Lane London N3 1LJ