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REGISTERED NUMBER: OC321724 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

DELYN PROPERTIES LLP

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,430,000 9,430,000

CURRENT ASSETS
Debtors 5 97,791 12,793
Cash at bank 163,111 242,474
260,902 255,267
CREDITORS
Amounts falling due within one year 6 187,359 323,044
NET CURRENT ASSETS/(LIABILITIES) 73,543 (67,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,503,543 9,362,223

CREDITORS
Amounts falling due after more than one
year

7

1,522,500

1,928,251
NET ASSETS ATTRIBUTABLE TO MEMBERS 7,981,043 7,433,972

LOANS AND OTHER DEBTS DUE TO MEMBERS 1,473,235 926,164

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 6,507,808 6,507,808
7,981,043 7,433,972

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,473,235 926,164
Members' other interests 6,507,808 6,507,808
7,981,043 7,433,972

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 August 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 April 2024 and were signed by:





Mr G L Davies - Designated member

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Delyn Properties LLP is registered in United Kingdom. The LLP's registered number and registered office address are as below:

Registered number: OC321724

Registered office: The Old Vicarage
Pendoylan
Cowbridge
Vale of Glamorgan
CF31 7UJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 9,430,000
NET BOOK VALUE
At 31 August 2023 9,430,000
At 31 August 2022 9,430,000

Investment properties were valued by independent valuers Cushman & Wakefield on 24 November 2021.The directors believe that the market value of the properties are correctly stated at 31 August 2023.

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,660 -
Other debtors 28,131 12,793
97,791 12,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 87,000 152,000
Taxation and social security 25,623 74,332
Other creditors 74,736 96,712
187,359 323,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,522,500 1,928,251

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,609,500 2,080,251

Bank loans are secured against the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 6,507,808