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2025-12-31-accounts

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

COMPANY REGISTRATION NUMBER: 01061592

CHARITY REGISTRATION NUMBER: 264592

Possuk Limited

Company Limited by Guarantee Unaudited Financial Statements

For the year ended 31 December 2025

COHEN ARNOLD

Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2025

Pages
Trustees' annual report (incorporating the director's report) 1 to 3
Independent examiner's report to the trustees 4
Statement of financial activities (including income and expenditure
account) 5
Statement of financial position 6
Notes to the financial statements 7 to 14

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.

Reference and administrative details

Registered charity name Possuk Limited Charity registration number 264592 Company registration number 01061592 Principal office and registered New Burlington House office 1075 Finchley Road London NW11 0PU The trustees Mr A Dzialowski Mrs F Dzialowski Mr K Dzialowski Mr J Stern Company secretary Mr K Dzialowski Independent examiner Moshe Broner-Cohen FCA New Burlington House 1075 Finchley Road LONDON NW11 0PU

Structure, governance and management

The Charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.

The organisation is run by the trustees. Each trustee holds office for life or until ceasing to hold office by virtue of the Articles of Association.

It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures.

None of the trustees have any beneficial interest in the charity. All trustees give their time voluntarily and no benefit or expenses were paid to them in the year.

The Charity's wholly owned subsidiary Besafe Investments Limited is engaged in property investments.

- 1 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Objectives and activities

The Charity is established to advance religion in accordance with the Orthodox Jewish Faith and further those purposes, both in the United Kingdom and abroad, as recognised as charitable by English Law.

The Charity receives income from property investments and charitable receipts under gift aid, which it utilises in making grants and donations.

The Charity's principle activity throughout the year was making donations and grants to charitable organisations and no change is envisaged in the immediate future.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and settling the grant making policy for they year.

Achievements and performance

During the year the Charity continued to pursue its philanthropic objects in support of religious and other charitable organisations, making donations totalling £183,000 (2024: £294,500) in furtherance of its objects.

Income from investments and donations aggregated £155,930 (2024: £159,661) and total resources expended totalled £201,904 (2024: £317,563), with investments increasing in fair value by £10,584 (2024: £60,390).

Financial review

The Charity receives income from its investment properties and Gift Aid from its subsidiary undertaking. During the year, the Charity received £78,226 (2024: £73,957) from its investment properties and £77,704 (2024: £85,704) in Gift Aid from its subsidiary undertaking and other charities.

Reserves Policy

It is the policy of the Charity to maintain unrestricted funds, which are the free reserve of the Charity, at a level which the trustees think appropriate after considering the future commitments of the Charity and the likely administrative costs of the Charity for the next year.

At the year end, the Charity had total reserves of £3,569,729 (2024: £3,605,119) and free reserves totalling £2,470 (2024: £48,444).

The trustees feel that given there are no obligations to give donations and that they are on a discretionary basis, and there is a high rental yield from the property income, there will be enough funds available to meet any outstanding liabilities.

Investment Policy and Objectives

Under the Memorandum and Articles of Association, the Charity has the power to make any investment, which the trustees consider appropriate. The trustees regularly review the Charity's position and needs in respect of the investment policy.

The trustees consider the return on investments, in terms of both income and capital growth, to be satisfactory.

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Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2025

Financial review (continued)

Grant Making Policy

Grants are made to charitable institutions and organisations which accord with the objects of the Charity.

Plans for future periods

The trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 17 July 2026 and signed on behalf of the board of trustees by:

Mr K Dzialowski Trustee

- 3 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Possuk Limited

Year ended 31 December 2025

I report to the trustees on my examination of the financial statements of Possuk Limited ('the charity') for the year ended 31 December 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Moshe Broner-Cohen FCA Independent Examiner

17 July 2026 Date

New Burlington House 1075 Finchley Road LONDON NW11 0PU

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Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2025

2025 2025 2024
Unrestricted
funds Total funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 77,704 77,704 85,704
Investment income 6 78,226 78,226 73,957
  
Total income 155,930 155,930 159,661
  
Expenditure
Expenditure on raising funds:
Investment management costs 7 (14,663) (14,663) (16,159)
Expenditure on charitable activities 8,9 (187,241) (187,241) (301,404)
  
Total expenditure (201,904) (201,904) (317,563)
  
Net gains on investments 11 10,584 10,584 60,390
  
Net expenditure and net movement in funds (35,390) (35,390) (97,512)
  
Reconciliation of funds
Total funds brought forward 3,605,119 3,605,119 3,702,631
  
Total funds carried forward 3,569,729

3,569,729

3,605,119


The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 14 form part of these financial statements.

- 5 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

2025 2024
Note £ £ £ £
Fixed assets
Investments 15 3,567,259 3,556,675
Current assets
Debtors 17 5,951 2,652
Cash at bank and in hand 769 50,042
 
6,720 52,694
Creditors: amounts falling due
within one year 18 (4,250) (4,250)
 
Net current assets 2,470 48,444
 
Total assets less current liabilities 3,569,729 3,605,119
 
Net assets 3,569,729 3,605,119
 
Funds of the charity
Unrestricted funds 3,569,729 3,605,119
 
Total charity funds 19 3,569,729

3,605,119


For the year ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 17 July 2026, and are signed on behalf of the board by:

Mr K Dzialowski Trustee

The notes on pages 7 to 14 form part of these financial statements.

- 6 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements on the basis that the entity and its subsidiary undertaking comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Other than those stated below, there were no material judgements, estimates and assumptions that affected the amounts reported.

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Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Fund accounting

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Governors (Trustees) in furtherance of the general objectives of the Charity.

Restricted Funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date.

Designated funds are funds which have been set aside at the discretion of the Governors(Trustees) for specific purposes. There are no designated funds as at the Balance Sheet date.

Incoming resources

Recognition of incoming resources

Items of income are recognised and inluded in the accounts when all of the following criteria are met:

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

- 8 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Investments

Fixed asset investments are initally recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property.

No depreciation is provided in respect of investment property applying the fair value model.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of the liabilities.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member upon winding up is limited to £1.

- 9 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

5. Donations and legacies

5. Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations 77,704 77,704 85,704 85,704
   
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Income from investment properties 78,226 78,226 73,789 73,789
Sundry Income – – 168 168
   
78,226 78,226 73,957 73,957
   
7. Investment management costs
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Legal and professional fees – – 2,328 2,328
Ground rent & rates 1,023 1,023 689 689
Insurance 1,834 1,834 1,528 1,528
Management fees 10,432 10,432 8,589 8,589
Repairs and maintenance 1,374 1,374 3,025 3,025
   
14,663 14,663 16,159 16,159
   

8. Expenditure on charitable activities by fund type

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations paid 183,000 183,000 294,500 294,500
Support costs 4,241 4,241 6,904 6,904
   
187,241 187,241 301,404 301,404
   

- 10 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

9. Expenditure on charitable activities by activity type

Grant funding Total funds Total fund
of activities Support costs 2025 2024
£ £ £ £
Donations paid 183,000 – 183,000 297,000
Governance costs – 4,241 4,241 4,404
   
183,000 4,241 187,241 301,404
   
10. Analysis of grants
2025 2024
£ £
Grants to institutions
Friends of Choshen Yeshias – 107,000
Friends of Merkaz Hatorah Belz Macnivka 10,000 40,000
Open Door Society Limited 20,000 –
Heichal Hakodesh Centre Machnovke Belz 11,500 –
YGS Yeshiva Gedola Seminar 9,000 –
Friends of Mosdos Belz Machnofka 70,000 75,000
Shir Chessed Beis Yisroel – 20,000
Yesamach Levav 25,000 50,000
CML- Chevras Mo'oz Ladol 26,000 –
Other amounts less than £6,000 11,500 2,500
 
183,000 294,500
 
Total grants 183,000 294,500
 
The grants made during the year were for the following purposes:
2025 2024
£ £
Advancement of the Jewish Religion 91,500 147,250
Other general charitable purposes 91,500 147,250
 
Total 183,000 2,945,000
 

11. Net gains on investments

Net gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Gains/(losses) on investment property 50,000 50,000 – –
Gains/(losses) on investments in group
undertakings (39,416) (39,416) 60,390 60,390
   
10,584 10,584 60,390 60,390
   

- 11 -

Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

12. Independent examination fees

Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 3,720

3,840


13. Staff costs

No salaries or wages have been paid to trustees during the year.

14. Trustee remuneration and expenses

The Charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

15. Investments

Shares in
group Investment
undertakings property Total
£ £ £
Cost or valuation
At 1 January 2025 2,387,875 1,168,800 3,556,675
Additions – – –
Fair value movements (39,416) 50,000 10,584
  
At 31 December 2025 2,348,459 1,218,800 3,567,259
  
Impairment
At 1 January 2025 and 31 December 2025 – – –
  
Carrying amount
At 31 December 2025 2,348,459 1,218,800 3,567,259
  
At 31 December 2024 2,387,875

1,168,800

3,556,675


All investments shown above are held at valuation.

16. Investment entities

Subsidiaries and other investments

The Charity owns 100% of the issued share capital in Besafe Investments Limited, a property investment company incorporated in Great Britain and registered in England and Wales. The Company year end is the 31 March. The latest available Accounts show capital and reserves of £2,348,459 for the period ended 31 March 2025 and a loss for that period of £39,516.

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Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

17. Debtors

Debtors
2025 2024
£ £
Trade debtors 5,951 2,652
 
Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 530 530
Accruals and deferred income 3,720 3,720
 
4,250 4,250
 

18. Creditors: amounts falling due within one year

19. Analysis of charitable funds

Unrestricted funds

At
At 1 January Gains and 31 December
2025 Income Expenditure losses 2025
£ £ £ £ £
General funds 3,605,119 155,930 (201,904) 10,584 3,569,729
    
At
At 1 January Gains and 31 December
2024 Income Expenditure losses 2024
£ £ £ £ £
General funds 3,702,631 159,661 (317,563) 60,390 3,605,119
    

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Docusign Envelope ID: 534AFC61-04A7-82B1-80A0-ADF08F0CC348

Possuk Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2025

20. Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Total Funds
Funds 2025
£ £
Investments 3,567,259 3,567,259
Current assets 6,720 6,720
Creditors less than 1 year (4,250) (4,250)
 
Net assets 3,569,729 3,569,729
 
Unrestricted Total Funds
Funds 2024
£ £
Investments 3,556,675 3,556,675
Current assets 52,694 52,694
Creditors less than 1 year (4,250) (4,250)
 
Net assets 3,605,119 3,605,119
 

21. Related parties

During the year, the charity received donations aggregating £77,500 (2024: £85,500) from its subsidiary undertaking.

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