Company No: OC334512 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	30,646		45,570
Investment property	4	9,608,390		13,062,053
		9,639,036		13,107,623
Current assets
Debtors	5	124,205		285,413
Cash at bank and in hand		323,734		311,483
		447,939		596,896
Creditors: amounts falling due within one year	6	( 337,298)		( 327,456)
Net current assets		110,641		269,440
Total assets less current liabilities		9,749,677		13,377,063
Net assets attributable to members		9,749,677		13,377,063
Represented by
Members' other interests
Members' capital classified as equity		13,359,532		13,533,254
Other reserves		(3,609,855)		(156,191)
		9,749,677		13,377,063
Total members' interests
Members' other interests		9,749,677		13,377,063
		9,749,677		13,377,063

For the financial year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Income Statement has not been delivered.

The financial statements of Levi Property LLP (registered number: OC334512) were approved and authorised for issue by the members. They were signed on its behalf by:

Ms M Levi Designated member

31 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Levi Property LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Other property, plant and equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Tangible assets

	Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2025	339,135		129,864		6,940		475,939
At 31 March 2026	339,135		129,864		6,940		475,939
Accumulated depreciation
At 01 April 2025	339,135		85,215		6,019		430,369
Charge for the financial year	0		14,529		395		14,924
At 31 March 2026	339,135		99,744		6,414		445,293
Net book value
At 31 March 2026	0		30,120		526		30,646
At 31 March 2025	0		44,649		921		45,570

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	13,062,053
Fair value movement	(3,453,663)
As at 31 March 2026	9,608,390

Valuation

A full market valuation of investment property was completed by 31 March 2026 at the Statement of Financial Position date. The fair value of the investment property at 31 March 2026 have been arrived at on the basis of valuations carried out on 16 June 2025 by external valuers having appropriate relevant professional qualifications and recent experience in the location and category of property being valued. The valuations performed which conform to the Valuations Standards of the Royal Institution of Chartered Surveyors and with the International Valuations Standards (IVS) 2013 were arrived at by reference to market evidence of transaction prices for similar properties. The comparison approach was used for all properties which involved reviewing recent market evidence from the sales of similar properties during the period.

5. Debtors

	2026		2025
	£		£
Trade debtors	103,751		156,936
Other debtors	20,454		128,477
	124,205		285,413

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	5,376		0
Other taxation and social security	26,143		0
Other creditors	305,779		327,456
	337,298		327,456