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REGISTERED NUMBER: OC321724 (United Kingdom)















Unaudited Financial Statements

for the Period 1 September 2023 to 31 March 2024

for

DELYN PROPERTIES LLP

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Contents of the Financial Statements
for the Period 1 September 2023 to 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,430,000 9,430,000

CURRENT ASSETS
Debtors 5 59,515 97,791
Cash at bank 73,195 163,111
132,710 260,902
CREDITORS
Amounts falling due within one year 6 157,231 187,359
NET CURRENT (LIABILITIES)/ASSETS (24,521 ) 73,543
TOTAL ASSETS LESS CURRENT LIABILITIES 9,405,479 9,503,543

CREDITORS
Amounts falling due after more than one year 7 2,635,000 1,522,500
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,770,479 7,981,043

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO MEMBERS 262,671 1,473,235

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 6,507,808 6,507,808
6,770,479 7,981,043

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 262,671 1,473,235
Members' other interests 6,507,808 6,507,808
6,770,479 7,981,043

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 period ended 31 March 2024.

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.

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 26 July 2024 and were signed by:





Mr G L Davies - Designated member

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 March 2024


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 period was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 March 2024 9,430,000
NET BOOK VALUE
At 31 March 2024 9,430,000
At 31 August 2023 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 March 2024.

DELYN PROPERTIES LLP (REGISTERED NUMBER: OC321724)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,248 69,660
Other debtors 1,267 28,131
59,515 97,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 87,000
Taxation and social security 22,030 25,623
Other creditors 135,201 74,736
157,231 187,359

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,635,000 1,522,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,635,000 1,609,500

Bank loans are secured against the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 March 2024 6,507,808