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REGISTERED NUMBER: OC385335 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 5 APRIL 2024

FOR

DYNASTY ESTATES TWO LLP

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 5 APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNASTY ESTATES TWO LLP

GENERAL INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 5 APRIL 2024







DESIGNATED MEMBERS: S Shah
Mrs M Shah
B Shah
Mrs J Shah
H Shah
M Shah
Mrs S Shah
J R Shah
Miss A R Shah





REGISTERED OFFICE: Moda Business Centre
Stirling Way
Borehamwood
WD6 2BW





REGISTERED NUMBER: OC385335 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154 181
Investment property 5 800,000 1,065,000
800,154 1,065,181

CURRENT ASSETS
Debtors 6 470,671 183,220
Prepayments and accrued income 4,482 2,381
Cash at bank 387,047 175,930
862,200 361,531
CREDITORS
Amounts falling due within one year 7 31,179 23,881
NET CURRENT ASSETS 831,021 337,650
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,631,175

1,402,831

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

BALANCE SHEET - continued
5 APRIL 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

542,038

259,864

MEMBERS' OTHER INTERESTS
Capital accounts 800,000 800,000
Fair value reserve 9 289,137 342,967
1,631,175 1,402,831

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 542,038 259,864
Members' other interests 1,089,137 1,142,967
1,631,175 1,402,831

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 5 April 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 24 January 2025 and were signed by:





H Shah - Designated member

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 5 APRIL 2024


1. STATUTORY INFORMATION

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

INVESTMENT PROPERTY
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit and loss.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 5 April 2024 251
DEPRECIATION
At 1 April 2023 70
Charge for period 27
At 5 April 2024 97
NET BOOK VALUE
At 5 April 2024 154
At 31 March 2023 181

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 5 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,065,000
Disposals (265,000 )
At 5 April 2024 800,000
NET BOOK VALUE
At 5 April 2024 800,000
At 31 March 2023 1,065,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2015 71,051
Valuation in 2016 68,086
Valuation in 2017 50,000
Valuation in 2018 74,142
Valuation in 2020 50,000
Valuation in 2023 29,688
Valuation in 2024 (265,000 )
Cost 722,033
800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,671 3,220
Other debtors 450,000 180,000
470,671 183,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,188 16,652
Other creditors 7,991 7,229
31,179 23,881

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The members of the LLP have agreed that (a) loans and other debts due to members, (b) members' other interests (including capital and reserves) and (c) any members' residual interests will rank behind all amounts due to non members in the administration or winding up of the LLP. This agreement cannot be revoked by the members and may be enforced by creditors.

DYNASTY ESTATES TWO LLP (REGISTERED NUMBER: OC385335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 5 APRIL 2024


9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 342,967
Revaluation reserve reversed (53,830 )
At 5 April 2024 289,137