REGISTERED NUMBER: OC430539 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

DVGMI Properties LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D Olaoye

DV-OLA Properties Ltd

REGISTERED OFFICE:

6 West Beck House

Green Chare

Darlington

United Kingdom

DL3 9EB

REGISTERED NUMBER:

OC430539 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Oaklea House

46 Coatham Road

Redcar

TS10 1RS

Fixed assets

Investment property

4

345,000

374,000

Current assets

Debtors

5

7,004

5,546

Cash at bank

7,082

268

14,086

5,814

Creditors

Amounts falling due within one year

6

(16,498

)

(6,192

)

Net current liabilities

(2,412

)

(378

)

Total assets less current liabilities

342,588

373,622

Creditors

Amounts falling due after more than one year

7

(308,446

)

(310,061

)

Net assets attributable to members

34,142

63,561

Loans and other debts due to members

9

34,142

63,561

Total members' interests

Loans and other debts due to members

9

34,142

63,561

Amounts due from members

5

(3,940

)

(5,546

)

30,202

58,015

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 March 2025.

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 29 December 2025 and were signed by:

D Olaoye - Designated member

1.	STATUTORY INFORMATION

DVGMI Properties 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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

374,000

Revaluations

(29,000

)

At 31 March 2025

345,000

NET BOOK VALUE

At 31 March 2025

345,000

At 31 March 2024

374,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

20,956

Valuation in 2025

(29,000

)

Cost

353,044

345,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,064

-

Amounts due from members

3,940

5,546

7,004

5,546

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

2,585

4,896

Other loans (see note 8)

12,235

-

Accrued expenses

1,678

1,296

16,498

6,192

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

10,769

11,043

Other loans (see note 8)

297,677

299,018

308,446

310,061

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

297,677

299,018

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

2,585

4,896

Loans

12,235

-

14,820

4,896

Amounts falling due between two and five years:

Bank loans more than 1 year

10,769

11,043

Amounts falling due in more than five years:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

297,677

299,018

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

34,142

63,561

Falling due within one year

34,142

63,561

Members rank ahead of other creditors in a liquidation.