Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
COI%SOLIDATED FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 31 MARCH 2024
COMPANY NO: 04328611
CHARITY NO: 1091280
COHEN ARNOLD
Chartered Accountants & Registered Auditors
New Burlington House
1075 Finchley Road
London NWI I OPU

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
YEAR ENDED 31 IWICH 2024
LEGAL AND ADMIMSTRATIVE DETAILS
Name:
Latate Limited
Status:
Incorporated registered charity
Company No. 04328611
Cbarity No. 1091280
Registered and Principal Office Address:
82 Bewick Road
Galeshead
Tyne & Wear
NE8 IRS
Charity Trustees:
Mr H Emanuel
Mrs A Schleider
Mr S Schleider
Mr Y Schleider
Mrs M Silver
Mr L Wittler
Secretary:
Mr S Schleider
Auditor:
Cohen Arnold
New Burlington House
1075 Finchley Road
London NW I I OPU
Bankers:
Lloyds Bank

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED (LIMITED BY GUARANTEE)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The Ttustces, who are also directors for the purposes of company law, have pleasure in presenting their
Annual Report together with the Consolidated Financial Statements of the Charity for the year ended 31
March 2024.
RF.FF.RF.NC.F. AND ADIIIWNISTRATTVF. DF.TAII..S
Reference and administrative details are sbown in the schedule of members of the board and
professional advisers on page l of the financial statements.
Trustees
The trustees who served the charity during the period were as follows:
Mr H Emanuel
Mrs A SchleideT
Mr S Schleider
Mr Y Schleider
Mrs M Silver
Mr L Wittler
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Doeumenl
As the Charity is a Company limited by guarantee, its governing d{￿uMents are its Memorandum and
Articles of Association.
The Trustees of the Charity are legally responsible for the overall managernent and control of the Charity
and meet regularly. None of the Trustee5 have any beneficial interest in the Charity.
All Trustees give their time voluntarily and no benefits or eX￿nSeS were paid to them during the year.
New Trustees are appointed based on t￿[Sonal competence. specialist skills: availability and knowledge of
and contact with Ènstitutions professing and teaching the principles of traditional Judaism and the
advancement of religion in accordance with the Jewish faith. New Trustees are inducted into the workings
of the Charity by the existing Trustees and are given access to the Charity Commission publications.
Group Siructure and Relationships
The charity has the followinJ non-charitable subsidiary:
Percentage
Holdin
Com
an
Nature of Business
Gateshead Bayis Limited (reg No 07737841)
82 Bewick Road, Gateshead
Tyne & Wear NE8 1 RS
Property Investment
loo%

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED (LIMITED BY GUARANTEE)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Contln•ed)
YEAR ENDED 31 MARCH 2024
During the year, Latate Limited received donations of £150,0(M) (2023: £148,500) from Gateshead
Bayis Limited.
OBJECTIVES AND ACTIVITIES
The charity is established to further those purposes both in the United Kingdom and abroad recognised
as charitable by English Law particularly the advancement of education and religion in accordance
with the Orthodox Judaism and the relief of povety.
The charity receives income mainly from its investment properties, its subsidiary undertaking and by
donations from persons and entities connected to the trustees which it utilises in the provision and
distribution of grants and donations. The aim is to distribute these Profits to organisations that fall
within the objectives of the Charity. The charity's principal activity Ihroughout the year was the
provision and distribution of such grants and donations, and no change is envisaged in the immediate
future.
The Charity is organised so that the trustees meet regularly to manage its affairs. The charity does not
employ any staff or use voluntary assistance. Athninistration of the charity is dealt with by the
trustees.
The Trustees confirn] their compliance with the duty to have due regard lo the public benefit guidance
published by the Charity Commission when reviewing the Charity's aims and objectives and in
planning future activities.
ACHIEVEMEIYTS AND PERFORMANCE
During the year the Chartty continued its philanthrnpic activities in supwTrrt of religious, educational and
other charitable institutions and the aggregate of donations made by the tharitable gr()up was £596,027
(2023: £444275). The benefits that these charities pmvide include the provision of financial support and
basic necessities to the p￿r, Jewish education and places of w0￿h1p for the Orthodox Jewish
Community.
No change in activities is envisaged in the immediat future.
The fmancial results of the Charity and its Subsidiary Undertakings for the year ended 31 March 2024 are
fully reflected in the attached Financial Statements together with the Notes thereon.
FINANCIAL REVIEW
Reserves Policy
The Charity maintains Reserves in order to ensure that it is in a FK)sition to continue its grant-making
activities and cover contingencies of additional ca]Is being made upon the Charity for support of
organisations or institutions in times of need.
As at 31 March 2024, the Charity has total funds of £11,201,281 (2023: £10,860,385), the vast majority of
which was invested in line with its inveslment policy. The reserves of the Charity are reviewed
periodically by the T￿￿tees.

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED (LIMITED BY GUARANTEE)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Contln•ed)
YEAR ENDED 31 MARCH 2024
Investment Policy
Under the Memorandum and Articles of Association, the charity has the tK)wer to make any
investment, which the Trustees see fit. The Trustees regularly review the Charity's position and needs
in respect of the investment policy.
The Charity's Investment Policy is to make investments of its free funds which provide a secure
stream of income with potential for increases in capital growth with particular preference for low risk
secure property investments.
Grant Making Policy
The policy is to assist in the furtherance of Jewish education and religio￿ relieve poverty. assist with
those in need of medical help and to alleviate hardship wherever ￿sSible. All applications and requests
are considered on their own merit and in conjunction with the objectives of the charity.
Risk Management
The Trustees have assessed the major risks to which the Charity is exwse(( in particular those related to
the operations and finance of the Charity, and are satisfied that SYSten￿ are in place to mitigate its
exposurc to thosc risks.
PLANS FOR FirruRE PERIODS
The Trustees plan to continue to make distributions in accordance with Iheir grant Tnaking policy and
ensure that the ability to generate sufficient income is maintained to achieve that en(L
TRUSTEES, RESPONSIBILITIES STATEME
The Trustees are responsible for preparing the Tn￿tees, Annual Report and Financial Statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare Financial Statements for each financial year which give a
true and fair view of the state of affairs of the Charitable Company and the group and of the incoming
resources and application of resources, including the income and expenditure of the charitable group for
that period.
In preparing these Financial Statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods 2nd principles in the Charities SORP;
make judgements and accounting estimates that are reasonable and pruden¢
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the Financial Statements" and
prepare the Financial Statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED (LIMITED BY GUARANTEE)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Contln•ed)
YEAR ENDED 31 MARCH 2024
TRUSTEES, RESPONSIBILITIES STATEMENT (Continued)
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Charity's transactions and disclose with reasonable accuracy at any time the financial
position of the Charity and enable them to ensure thal the Financial Statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the
group and hence for taking reasonable steps for the prevention and detection of fraud and other
]￿egularitIeS.
Each of the persons who is a Tn￿tee at the date of appmval of this rewrt confirn]s that:
so far as each Trustee is aware, there is no relevant audit inforn]ation of which the Charity's
auditor is unaware; and
each Trustee has taken all steps that they ought to have taken as a Trustee to make themself aware
of any relevant audit information and to establish that the Charity's auditor is aware of that
inforniation.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
Registered office:
82 Bewick Road
Gateshead
Tyne & Wear
NE8 IRS
Signed by order of the trustees
by.
sg10A￿2￿54FB.
S SCHLEIDER
Company Secretary
20 December 2024

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LATATE LIMITED
YEAR ENDED 31 MARCH 2024
OPINION
We have audited the financial statements of Latate Limited (the 'parent charity,) and its subsidiary (the '￿0up,)
for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the
Consolidated and Parent Charity Balance Sheets, the Consolidated Cash Flow Statement and notes to the
rindllLldl sldlctncnls, iTiLludin¥ d SUtnTtl<lry ul si￿lfIL￿1nt rflLLUUTiting pulicics. Thc FiniinLi<il Rcpoiling
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the ￿0up'S and of the parent charity's affairs as at 31 March 2024
and of the group's incoming resowces and application of resources, including its income and expenditure,
for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibiliiies under those siandards are funher described in Ihe audiior's responsibiliiies
for the audit of the financial statements section of our report. We are independent of the charity in accordance
with the ethical requiremenls that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sutTicient and appropriate to provide a
basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustces, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainties relating to events or
conditions that, individuallv or collectively, may cast significant doubt on the group and parent company's
ability to continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this rewrt.
OTHER INFOR1￿￿TIoN
The other inforn]ation comprises the infom]ation included in the annual report, other than the financial
statements and our auditor's rewrt thereon. The trustees are responsible for the other infonnation. Our opinion
on the financial statements does not cover the other information and, except to the extent othenvise explicitly
stated in our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the f￿anCIal stateTnents, our responsibility is to read the other information and,
in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a
material misstatement in the financial statements or a material misstatement of the other information. If, based
on the work we have perforn]ed, we conclude that there is a material misstatement of this other infonnation, we
are required to report that faLt.
We have nothing to report in this regard.

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LATATE LIMITED (cont.)
YEAR ENDED 31 MARCH 2024
OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit:
the infonnation given in the tTUStees' T¢POrt for the fInancial year for which the financial statements are
prepared is consistent with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTIOIY
In the light of the knowledge and understanding of the ￿0Up and parent charity and its environment obtained in
the course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequale for our audit have not been received
from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the infonnation and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the directors, report and from
the requirement to prepare a strategic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the
purposes of company law) are responsible for the preparalion of the financial statements and for being satisfied
that they give a true and fair view, and for such internal control as the trustees detennine is necessary to enable
the preparation of fmancial statements that are free from material misstatement, whether due to fraud or error.
In preparing the fmancial slatements, the trustees are responsible for assessing the group and parent charity's
ability to continue as a going concern, th'sclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the tTUStees either intend to liquidate the group or the parent charity or
to cease operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the ag￿egate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including frdU(L are instances of non-compliance with laws and regulations. We design
procedures Èn line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the group
through discussion with the trustees and identified which were most significant with respect to the financial
staiemenis. We identi=ied financial reponing legislaiion, chariry legislation, landlord legislation and
taxation legislation as being tnost significant to these financial statements. We communicated these

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LATATE LIMITED (cont.)
YEAR ENDED 31 MARCH 2024
identified frameworks amongst our audit team and remained alert to any indications of noncompliance
throughout the audit. We ensured that the engagement team had sufficient competence and capability to
identify or recognise non-compliance with laws and regulations.
We discussed with the tn￿teeS the policies and procedures regarding compliance with these Legal and
regulatory frameworks.
We assessed the susceptibility of the group's financial statements to material misstatement due to non-
compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the
trustees during the planning and finalisation stages of our audit. The susceptibility to such material
misstatement was deterniined to be low.
Based on this understanding, we designed our audit procedures to identify non-COTnpliance with the
identified legal and regulatory frameworks, which were part of our procedures on the related financial
statement items. Our procedures included reviewing the charity's internal controls policies and procedures,
the minutes of trustees, meetings and Co￿eSpOndence and journal enlries, and discussions with the trustees.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and perforn]ed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws and
regulations (irregularities) iq frnm the eventq and transactions reflected in the financial 8t2tements, the leq
likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any
audit, there Ternained a higher risk of non-detection of irregularities, as these may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for
preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintsin professional
scepticism throughout the audit. We are also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perforni audit procedures responsive to those risks. and obtain audit evidence that is
sufricient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the
financial staternents or, if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of our auditor's report. However, future events or
conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LATATE LIMITED (cont.)
YEAR ENDED 31 MARCH 2024
ObtaÉn sulTicient appropriate audil evidence regarding the financial information of the entities or business
activities within the group to express an opinion on the consolidated financial statements. We are
responsible for the direction, supervision and perfOrn￿]ce of the wup audit. We remain solely
responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and si￿RfiCant audit f￿dIngS, including any significant deficiencies in internal control that
we identify during our audit.
USE OF OUR REPORT
This report is made solely to the parent charitable company's members, as a body, in accordance with Chapter 3
of Parl 16 of the CoTnpanies Act 21K)6. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other
than the charitable company and the charitable company's members as a body, for our audit work, for this report,
or for the opinions we have fornied.
D￿￿5￿￿e￿ lry..
(bEMq
nrJFAFfAJ6d1&￿97
BENNY BRENIG
(Senior sta￿tOry Auditor)
For and on behalf of
COHEN ARNOLD
Chartered Accountants
& Statutory Auditor
New Burlington House
1075 Finchley Road
London
NWII OPU
20 December 2024

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
(INCORPORATING THE CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT)
2024
UnrestrACted Funds
2023
Unrestricted Funds
Note
INCOME & ENDOWNMENTS:
Donations & legacies
Investsnents
12,500
1,215,210
1,057,539
TOTAL
1,227,710
1,057,539
EXPENDITURE ON
Raising funds:
Investment management costs
Charitable Activities
(595,632)
(615,745)
(393,303)
(457,572)
TOTAL EXPENDITURE
(1,211 J77)
16J33
272,063
(850,875)
206,664
28,399
NET INCOMINGI(OUTGOING) RESOURCES
Net gains/(losses) on investtnents
NET (EXPENDITURE)llNCOME BEFORE
TAXATION
288J96
235,063
Taxation
52,500
NET {EXPENDITURE)IINCOME FOR THE
YEAR AND MOVEMENT IN FUNDS
340,896
235,063
Reconciliation offunds."
Total funds brought fonvard
10,860J85
10,625,322
TOTAL FUNDS CARRIED
FORWARD
11,201,281
10,860,385
None of the Group's activities was acquired or discontinued during the financial year or in the previous year.
The ￿0Up has no recognised gains or losses other than those reflected in the above stafrment of financial
activities for the f￿anCIal year or for the previous year.
The notes on page5 14 to 26 form part of these fmancial statement5.
io-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Investments
io
16,215,000
15,050,000
CURRENT ASSETS
Debtors
Cash at bank
802,022
884J38
1,000,731
1,730,679
1,686J60
2,731,410
CREDITORS: Amounts falling due
Ivithin one year
12 (1.230,003)
(1,275,875)
IYET CURRENT ASSETS
456J57
1,455,535
TOTAL ASSETS LESS CURRENT LIABILITIES
16,671 J57
16,505,535
CREDITORS= Amounts falling due
after more than one year
PROVISIONS
13
(4,990,842)
(5,113,416)
14
(479,234)
(531,734)
NET ASSETS
11,201,281
10,860,385
FUNDS
Unrestricfrd income funds
15
11,201,281
10,860,385
TOTAL FUNDS
11,201,281
10,860,385
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies regirne.
The financial statements approved by the Board on 20 tkcember 2024 and signed on its behalf by:
l)O¢uSkJn*d br.
6k10AW2¢e454F8.
S SCHLEIDER
Trustee
Company Registration No: 04328611
The note5 on pages 14 to 26 forni part of these fillgncial 51atemell
li

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Investments
io
13,085,617
11,899,833
CURRENT ASSETS
Debtors
Cash at bank
li
751,425
864,527
963.738
1,706,948
1,615,952
2,670,686
CREDITORS: Amounts f211ing due
Ivithin one year
12
(419,905)
(516,866)
NET CURRENT ASSETS
1,196,047
2,153.820
TOTAL ASSETS LESS CURRENT LIABILITIES
14,281,664
14,053,653
CREDITORS: Amounts falling due
after more than one year
13
(3,080J83)
(3,193,268)
NET ASSETS
11,201,281
10,860.385
FUNDS
Unrestricted income funds
15
11,201281
10,860,385
TOTAL FUNDS
11,201,281
10,860,385
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
The financial statements approved by the Board on 20 December 2024 and signed on its behalf by:
D￿U5￿]ned by..
691OA902C6454FB
S SCHLEIDER
Trustee
Company Registration No: 04328611
The note5 on pages 14 to 26 forni part of these fillgncial 51atemell
12-

Docusign Envelope ID: F1 D306EF4J2DF414A-88Ffv25A62BAC4931
LATATE LIMITED (LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2024
2024
Unrestricted Funds
2023
Unrestricted Funds
Note
Cash Flows from Operating ActivitAes:
Net Cash Used in Operating Activities
18
(653,245}
(457,572)
Cash Flows from Investing Activities
Dividends, Interest and Rents from
Investments
Proceeds from Sale of InNestments
Decrease/(Increase) in Loan Investments
Purchase of Investments
928,781
1,039,776
220,000
(892.937)
(621,601)
Net Cash Provided by Investing
Activities
255,844
418,175
Cash Flows from Financing Activities
Repayments of Borrowing
Interest Paid
(59,463)
(389,477)
(316,787)
(242,531)
Net Cash Receivedl(lJsed) in Financing
Activities
(448,940)
(559,318)
CHANGE IN CASH AND CASH
EQUIVALENTS IN THE YEAR
(846J41)
(598,715)
CASH AND CASH EQUIVALENTS
AT I APRIL 2023
1,730,679
2,329,394
CASH AND CASH EQUIVALENTS
AT 31 MARCH 2024
19
884,338
1,730,679
The notes on pages 14 to 26 forni part ofthese financi21 statemellt$.
13-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL sTATE￿IENTs
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
The financial statetnents have been prepared in compliance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) and the Companies Act 21X)6.
The Consolidated Financial Siatetnents incorporate the results of the charity and its subsidiaries for
the year ended 31 March 2024. These are adjusted, where appropriate, to confomi to group
accounting policies.
The following accounting policies bave been used consistently in the preparation of the Group's
Financial Statements.
BASIS OF ACCOUNTING
The Financial Statements have been prepared under the Historical Cost Convention, as modified by
the inclusion of fixed asset investments at fair value, and in accordance with Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Jreland
("FRS 102"), the Companies Act 2006 and the SORP 2015.
The financial statements are prepared in sterling (rounded to the nearest pound), which is the
functional CU￿encY of the entity.
The trustees have concluded that it is appropriate for the fmancial statements to be prepared in
accordance with the accounting principles appropriate to a going concern, as the trustees have a
reasonable expectation that the charity has adequate resources to continue in operational existence
for the foreseeable future by meeting its liabilities and Commi￿"ntS as they fall due, based on the
net current asset position of the ￿0Up and available support and sources of finance.
The trustees believe that there are no material uncertainties about the charity's ability to continue.
Judgements made by the Trustees, in the application of these accounting policies that have
significant effect on the financial statements and estimates with a significant risk of material
adjustment in the neKt year are discussed in Note 17.
The Company meets the definition of a public benefit entity undff FRS 102.
A separate Statement of Financial Activities, or Income and Expenditure Account for the Company
itself is not presented in accordance with Section 408 of the Companies Act 21X)6.
INCOMING RESOURCES
This includes income from bank deposit accounts. ren￿lS received from property asse￿ (net of
VAT), and ￿ntS and donations received by the Group. The abovementioned items are included in
the Financial Statements on an accruals basis.
14-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LATATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (con¢inued)
YEAR ENDED 31 MARCH 2024
I ACCOUNTING POLICIES (Continued)
PROPERTY OUTGOINGS
Pri)perty nutgoings are recognised in the cnngnlidated statement nf financial activities in the year in
which they are incurred.
GOVERNANCE COSTS
Governance costs ir￿]Ude costs of the preparation and audit of fmancial statements and the cost of
any legal advice to Trustees on governance or constitutional matters.
INVESTMENT GAINS AND LOSSES
This includes any gains or losses on the sale of investments and any gains or losses resulting from
revaluing investments to fair value at the end of the year.
DEFERRED TAX
Deferred tax is provided on timing differences which arise from the inclusion of income and
expenses in tax assessments in periods different from those in wbich they are recognised in the
financial statements. The following tirning differences are not provided for: differences between
accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions
for retaining the tax allowances bave been met. Deferred tax is not recognised on pernianent
differences arising because certain types of income or expense are non-taxable or are disallowable
for tax or because certain tax charges or allowances are greater or smaller than the co￿¢spOnding
income or expense.
Defe￿ed tax is provided in respect of the additional tax that will be paid or avoided on differences
between the amount at which an asset (other than goodwill) or liability is recognised in a business
combination and the corresponding amount that can be deducted or assessed for tax.
Defeffed tax is measured at the tax rate that is expected to apply to the reversal of the related
difference, using tax rates enacted or substantively enacted at the balance sheet date.
Unrelieved tax loss=s and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.
There are no deferred tax provisions for the parent Charity; it is exempt from tax due to its
charitable status on the basis all income and gains will be applied solely for qualifying charitable
purposes.
15-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (Continued)
INVESTMENT PROPERTY
Investment properties are properties wbicb are held either to earn rental income or for capital
appreciation or for Ix)th. Investment properties are recognised initially at cost. Subsequent to initial
recognition investment properties are held at fair value.
Investment propert). fair value is based on an open market valuation by the Trustees who have
extensive experience in the field of property investment and valuation accumulated over a
considerable period of time. Any gain or loss arising from a change in fair value is recognised in
the Statement of Financial Activities (SOFA) and taken to Unrestricted Funds.
No depreciation is provided in respect of investment properties applying the fair value model.
DISPOSALS OF PROPERTIES
The Group generally holds its properties for the long terni in order to generate rental income and
capital appreciation although in the right circumstances any property could be available for sale.
When an outright sale does occur the resulting surplus based on the excess of sales proceeds over
valuation is included within the Group's profit on ordinary activities, and L￿atIOn applicable
thereto is shown as part of the taxation charge. Disposals are recognised on the date the significant
risks and rewards of ownership have been transferred.
INVESTMENTS IN SUBSIDIARY UNDERTAKINGS
Shareholdings acqu.red are initially recorded at cost and subsequently included at Trustees, best
estimate of fair value (in accordance with the SORP 2015) based on the net asset value. The net
asset values of the subsidiary undertakings reflect fair values of their underlying properties held for
investment; any s￿)luS or deficit on revaluation is recognised in the SOFA and taken to
Unrestricted Funds.
16-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (Continue
1.10 FINANCIAL INSTRUMENTS
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all its financial liabilities.
The Charity has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
Rental and other debtors are recognised initially at transaction price plus attributable transaction
costs. Subsequent to initial reco￿]itIOn they are measured at amortised cost using the effective
interest method. less any impairn]ent losses. If the arrangement constttutes a financing transaction,
for example if payment is deferred beyond nonnal business tern)s, then it is measured at the
present value of future payments discounted at a market rnte for a similar debt instrument.
Rent in advance and other creditors are recognised initially at transaction price less attributable
transaction costs. Subsequent to initial recognition they are measured at amortised cost using the
effective interest method. If the arrdngement constitutes a financing transactio￿ for example if
payment is deferred beyond nornial business ternis, then it is measured at the present value of
future payments discounted at a market rate for a similar debt instrillnent.
Cash and cash equ:valents comprise cash balances and call deposits. Bank overdrafts that are
repayable on derna￿l and forni an integral part of the group's cash management are in¢Euded as a
component of cash and cash equivalents for the purpose only of the cash flow statement.
1.11 LIABILITY RECOGNITION
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
Charity to pay out resources.
1.12 FUND ACCOUNTING
Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the
general objectives of the Charity and in accordance with relevant law.
tksignaled Funds are Unrestricted Funds, which have been set-aside at the discretion of the
Trustees for specific purposes. There are no designated funds as at the balance sheet date.
17-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (Continued)
Non-charitable Funds are Unrestricted Funds and comprise the net aggregate reserves of the
Charity's subsidiary computed by reference to the accounting policies of the subsidiaries.
Restricted Funds are funds subject to specific restri¢t¢d conditions imposed by donors. There ar¢
no Restricted Funds as at the Balance Sheet date.
2. GROUP FINANCIAL STATEMENrs
These financial statements consolidate the results of the charity and its subsidiaries.
During the year the parent charitable company had gross income including donations of £1,011,902
(2023: £880,684) and net surplus in funds of £340,896 (2023: £235.063).
INCOME FROM DONATIONS AND LEGACIES
Donations and legacies relate to amounts received from entities connected to the trustees.
INVESTMENT INCOME
2024
2023
Income from UK investment properties
Interest receivable
1,150,441
64,769
992,242
65,297
1,215,210
1,057,539
INVESTMENT MANAGEMENT COSTS
2024
2023
Investment propety costs
Interest payable and similar charges
Investment management costs
191,484
391,033
13,115
135,105
245,575
12,623
595,632
393,303
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Grant
Support
funding
Costs
activities
Total
Funds
2024
Total
Funds
2023
Charitable donations
Governance costs
596,027
918
18,800
596,945
18,800
444,872
12,700
596,027
19,718
615,745
457,572
18-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
COSTS OF CHARITABLE ACTIvrriES BY ACTIvrrY TYPE (Continued)
All charitable activities relate to unrestricted funds.
All donations were paid to charitable institutions whose objects are in line with the objects of the charity
which include the relief of tK>vety, the advancement of education and the furtherance of religion.
The following donations were made durlng the year ended 31 March 2024:
Chevras Mo'oz Ladol (£95818)
Chasdei Aharon Limited (1142565)
College for Higher Rabbinical Studie5 (803466)
The Rehabilitation (288622)
Start Upright (1130608}
Yeshivas Bels Dovid (1187631)
Congregation Sharei Sholorn Tchabe Limited (1116596)
UK Friends of Ahav&s Chesed (1134987)
VHLT Ltd (1101241)
Other donations below £30,000
100,(xx)
68.(MX)
63,000
60,0(X)
50.000
48,260
38,000
35,900
30,0(K)
102,867
596,027
7.1 GOVERNANCE COSTS
2024
2023
Auditors, Remunerdtion
18,800
12,700
18,800
12.700
7.2 STAFF COSTS AND EMOLUMENTS
No salaries or wages have been paid to any employee or Trustee lyy the Charitable Company or any
subsidiary undertaking. No Trnstee expenses have been incurred.
NET GAINSIILOSSES) ON INVESTMENTS
2024
2023
Losses on disposal of investments
Unrealised gainsl{losses) on investments
272,063
28.399
272,063
28,399
19-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
TAXATION
Major components of tax expense
2024
2023
Deferred tax:
Origination and reversal of timing differences
Impact of change in tax rate
Taxation
(52,500)
(52,500)
All tax is recognised in the Consolidated Income and Expenditure Account.
Reconciliation of tax expense
The tax assessed on the net income for the year is lower than the standard rate of corporation tax in
the UKof 25/ (2023: 19/).
2024
2023
Net income/(expenditure) before tax
Net incomel(expenditure) by rate of tax
Income exempt from (Expenses not deductible forytax
Timing difference on unrealised gains
Gift aid paid post year end
Taxation
288J96
235,063
72,099
(42,721)
(52,500)
{29J78)
44,662
(16,308)
(28,354)
(52,500)
10.
INVESTMENTS
Investment
Properties
Group
Total
FAIR VALUE
At l April 2023
Additions
Disposals
Revaluation
15,050,0(X)
892.937
15,050,000
892,937
272,063
16,215,000
272,063
16,215,000
At 31 March 2024
Historical cost at 31 March 2024
15,942,685
15,049,748
15,942,685
15,049,748
Historical cost at 31 March 2023
20-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
10.
INVESTMENTS (Continued)
Investments
Investment in Subsidiary
Properties Undertakings
Charity
Total
FAIR VALUE
At l April 2023
Additions
Disposals
Revaluation
9,625,0(K) 2,274,833
892,937
11,899,833
892,937
482,063
(189,216)
I I,000,O(Kl 2,085,617
292,847
At 31 March 2024
13,085,617
Historical cost at 31 March 2024
12,998,595
12,105,658
12,998,596
12,105,659
Historical cost at 31 March 2023
The properties are stated at Trustees. valuation, augmented by periodic professional
valuations, using a sales valuation approach, derived from recent comparable transactions
and market yields, adjusted by applying discounts to reflect status of occupation and
condition. The Trustee Mr S Schleider has extensive e.Kperience in the field of property
investment and valuation accumulated over a considerdble period of time.
b)
The fair va.ue at 31 March 2024 of the Investments in Subsidiary Undertakings and is
based on the underlying value of assets less liabilities of the Companies. The valuation of
properties and other assets in these Companies has been made by the Trustees.
The ag￿egate amount of assets, liabilities and funds of the subsidiary undertakings are as follows:
Fixed Assets Net Current
Liabilities
Long
Term
Liabilities
Net
Assets
Gateshead Bayis Limited
5,215,000
(739,690) (2,389,693)
2,085,617
21-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
10.
INVESTMENTS (Continued)
Summa
rofit and loss account of the active subsidia
undertakin
Gateshead
Bajis Limited
Net rental income
Administrative expenses
Net valuation gains/{losses) on investment propety
OPERATING PROFITI(LOSS)
285,510
(13,115)
(210,000)
62,395
Interest payable
PROFITI(LOSS) BEFORE TAXATION
Taxation
(154,111}
(91,716)
52,500
PROFITI(LOSS) FOR THE YEAR
(39,216)
Charitable Donations to Parent Charity
TOTAL COMPREHENSIVE INCOME/(DEFICIT)
FOR THE YEAR
(Iso,000}
(189,216)
11.
DEBTORS
The Group
2024
2023
The Charity
2024
2023
Trade debtors
Other debtors
105,198
696,824
212,797
787,934
62,097
689,328
176,845
786,893
802,022
1,000,731
751,425
963,738
12.
CREDITORS: AMOUNTS FALLtNG DUE WITHIN ONE YEAR
The Group
2024
2023
The Charity
2024
2023
Bank loans and overdrafts
Amounts due to group undertakings
Taxation
Accruals and other creditors
149,100
227,604
129,000
144,000
22,037
1,058,866
3.315
1,044.956
19,448
271,457
372,866
1,230,003
1,275,875
419,905
516,866
22-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR (Continued)
Accruals and other creditors includes the following amounts due to companies of which
some of the Trustees of this charity are amongst the Directors:
The Group
2024
2023
The Charity
2024
2023
Greenbale Limited
Deanmoor Limited
Dyce Limited
Wolsey Investments Limited
210,000
57,000
112,51JO
42,500
210,000
57,000
i 00,000
42,500
12,500
12,500
12,500
13.
CREDrroRS: Amounts falling due after more than one year
The Group
2024
2023
The Charity
2024
2023
Mortgage loans
Other creditors
4,985,783
5,059
5,108,357
5,059
3,080J83
3,193,?68
4,990,842
5,113,416
3,080,383
3,193,268
The above mortgage loans are secured by legal charges over some of the group's properties.
Included within creditors: amounts falling due after more than one year is an amount of £1,568,879
(2023: £2,572,981) in respect of liabilities payable or repayable by instalments which fall due for
payment after more than five years from the reporting date.
14.
PROVISION FOR LIABILITtES
The movement in the deferred taxation provision durlng the year was:
Investment
Property
Group
Total
At l April 2023
Movements during the year
531,734
(52.500)
531,734
(52,500)
At 31 March 2024
479,234
479,234
23-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
15.
UNRESTRICTED INCOME FUI¥4DS
Non
Charitable Charitable
Funds
Funds
Total
Funds
Group
Balance at l April 2023
Net income/(expenditure) for the year
Balance at 31 March 2024
8,585,552
530,112
2,274,833 10,860,385
(189,216)
340,896
2,085,617 11,201,281
9,115,664
Charitable
Funds
Total
Funds
Charity
Balance at l April 2023
Net income/(expenditure) for the year
Balance at 31 March 2024
10,860,385 10,860,385
340,896
340,896
11,201,281 11,201,281
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net
Current Long Term
Assets
Liabilities
Fixed
Assets
Group
Total
Unrestricted Income Funds
I6,215,￿0
456,357 (5,470,076) 11,201,281
456,357 (5,470,076) 11,201,281
Total Funds
16,215,(x)o
Net
Current Long Term
Assets
Liabilities
Fixed
Assets
Charity
Total
Unrestricted Income Funds
13,085,617
13,085,617
1,196,047 (3,080,383) 11,201,281
1,196,047 (3,080,383) 11,201,281
Total Funds
24-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
17.
ACCOUNTING ESTIMATES AND JUDGEMENTS
(i) Property valuation
The valuation of the group's property ￿)rtfoliO is inherently subjective, depending on many factors,
including the individual nature of each pmpety. its location and expected future net rental values,
markel yields and cotnparable market transactions (as set out in Noie 10). Therefore, the valuations are
subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be
accurate, particularlv in periods of difficult Ma￿et or economic conditions. As noted in Note 1.7
above, all the group'i properties are valued by the Tn￿te¢S who have extensive experience in the field
of property investment and valuation.
(li} Trade debtors
Management uses details of the age of trade debt0￿ and the status of any dlsputes together with
external evidence of the credit status of the counterpaty in making judgements concerning any need to
impair the carying values.
18.
RECONCILIATION OF NET INCOME TO NET CASH USED IN OPERATING
ACTIVITIES
2024
2023
Net income/(expenditure) for the year
Adjustments for=
(Gains)nosses on investments
Interest payable
Dividends. interest and rents from investments
(Increase)/decrease :n debtors
Increase/(decrease} :n creditors
(Decrease)/increase in provisions for liabilities
Net cash used in operating activities
340,896
235,063
(272,063)
(28,399)
391,033
245,575
(1,010,611) (909,811)
(50,000)
{52,500)
(653,245) (457,572)
19.
ANALYSIS OF CHANGES IN NET DEBT
AtIA
ril 2023
Cash Floivs At 31 March 2024
Cash at Bank
1,730,679
(846,341)
884J38
Total cash and cash equivalents
1,730,679
(846,341)
884J38
Debt due within one year
Debt due after one year
(227,604)
(5,108,357)
78,504
122,574
(149,100)
(4,985,783)
Total
(3,605.282)
(645,263)
(4,250,545)
25-

Docusign Envelope ID: F1 D306EF4J2DF414A-88F&25A62BAC4931
LA I ATE LIMITED
(LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
20.
RELATED PARTY TRANSACTIONS
There are no related paty transactions other than as d1￿105Cd in the notes to the financial statements.
26-