IRIS Accounts Production v24.2.0.383 OC350387 designated member 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3503872022-11-30OC3503872023-11-30OC3503872022-12-012023-11-30OC3503872021-11-30OC3503872021-12-012022-11-30OC3503872022-11-30OC350387ns15:EnglandWales2022-12-012023-11-30OC350387ns14:PoundSterling2022-12-012023-11-30OC350387ns10:PartnerLLP12022-12-012023-11-30OC350387ns10:LimitedLiabilityPartnershipLLP2022-12-012023-11-30OC350387ns10:SmallEntities2022-12-012023-11-30OC350387ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30OC350387ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30OC350387ns10:LimitedLiabilityPartnershipsSORP2022-12-012023-11-30OC350387ns10:FullAccounts2022-12-012023-11-30OC350387ns10:PartnerLLP22022-12-012023-11-30OC350387ns10:RegisteredOffice2022-12-012023-11-30OC350387ns5:CurrentFinancialInstruments2023-11-30OC350387ns5:CurrentFinancialInstruments2022-11-30OC350387ns5:Non-currentFinancialInstruments2023-11-30OC350387ns5:Non-currentFinancialInstruments2022-11-30OC350387ns5:RevaluationReserve2023-11-30OC350387ns5:RevaluationReserve2022-11-30OC350387ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30OC350387ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30OC350387ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-30OC350387ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-30OC350387ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-30OC350387ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-30OC350387ns5:RevaluationReserve2022-11-30
REGISTERED NUMBER: OC350387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DPC REAL ESTATE LLP

DPC REAL ESTATE LLP (REGISTERED NUMBER: OC350387)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DPC REAL ESTATE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DESIGNATED MEMBERS: D Cowdell
Mrs P Cowdell





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: OC350387 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

DPC REAL ESTATE LLP (REGISTERED NUMBER: OC350387)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,374,000 1,349,000

CURRENT ASSETS
Debtors 5 27,523 24,951
Cash at bank 2,912 5,327
30,435 30,278
CREDITORS
Amounts falling due within one year 6 (7,850 ) (7,850 )
NET CURRENT ASSETS 22,585 22,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,396,585

1,371,428

CREDITORS
Amounts falling due after more than one
year

7

(315,239

)

(317,206

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,081,346

1,054,222

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

514,629

487,505

MEMBERS' OTHER INTERESTS
Capital accounts 189,132 189,132
Revaluation reserve 10 377,585 377,585
1,081,346 1,054,222

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 514,629 487,505
Members' other interests 566,717 566,717
Amounts due from members 5 (8,632 ) (8,632 )
1,072,714 1,045,590

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 30 November 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.

DPC REAL ESTATE LLP (REGISTERED NUMBER: OC350387)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 31 August 2024 and were signed by:





D Cowdell - Designated member

DPC REAL ESTATE LLP (REGISTERED NUMBER: OC350387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

DPC Real Estate LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,349,000
Revaluations 25,000
At 30 November 2023 1,374,000
NET BOOK VALUE
At 30 November 2023 1,374,000
At 30 November 2022 1,349,000

Investment property was revalued on 30 November 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,962 1,962
Amounts due from members 8,632 8,632
Other debtors 16,929 14,357
27,523 24,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,917 1,917
Other creditors 2,944 2,944
Accrued expenses 2,989 2,989
7,850 7,850

DPC REAL ESTATE LLP (REGISTERED NUMBER: OC350387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 3,211 5,176
Mortgage 262,028 262,030
Other loans 50,000 50,000
315,239 317,206

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 262,028 262,030
Other loans 50,000 50,000
312,028 312,030

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 262,028 262,036

The mortgage is secured against a number of the LLP's investment properties.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

10. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 377,585