REGISTERED NUMBER: OC311194 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Delano LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Report of the Accountants

8

DESIGNATED MEMBERS:

R Dela Nougerede

Ms G Bennett

Delano Electronics Limited

REGISTERED OFFICE:

Suite India 1

Maritime House

Basin Road North

Hove

East Sussex

BN41 1WR

REGISTERED NUMBER:

OC311194 (England and Wales)

ACCOUNTANTS:

Wood & Associates LLP

Chartered Certified Accountants

Maritime House

Basin Road North

Hove

East Sussex

BN41 1WR

FIXED ASSETS

Tangible assets

4

150,329

155,065

CURRENT ASSETS

Stocks

5,000

2,000

Debtors

5

7,910

41,700

Cash at bank

32,121

27,319

45,031

71,019

CREDITORS

Amounts falling due within one year

6

34,286

34,566

NET CURRENT ASSETS

10,745

36,453

TOTAL ASSETS LESS CURRENT LIABILITIES

161,074

191,518

CREDITORS

Amounts falling due after more than one year

7

35,752

55,176

NET ASSETS ATTRIBUTABLE TO MEMBERS

125,322

136,342

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

125,322

136,342

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

125,322

136,342

Amounts due from members

5

(1,981

)

(1,591

)

123,341

134,751

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 7 January 2026 and were signed by:

R Dela Nougerede - Designated member

1.	STATUTORY INFORMATION

Delano 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

198,115

14,421

83

DEPRECIATION

At 1 April 2024

45,561

13,484

81

Charge for year

3,962

141

1

At 31 March 2025

49,523

13,625

82

NET BOOK VALUE

At 31 March 2025

148,592

796

1

At 31 March 2024

152,554

937

2

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

452

2,394

215,465

DEPRECIATION

At 1 April 2024

451

823

60,400

Charge for year

-

632

4,736

At 31 March 2025

451

1,455

65,136

NET BOOK VALUE

At 31 March 2025

1

939

150,329

At 31 March 2024

1

1,571

155,065

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,175

39,480

Other debtors

2,735

2,220

7,910

41,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

18,781

15,803

Trade creditors

3,926

5,599

Taxation and social security

3,924

5,877

Other creditors

7,655

7,287

34,286

34,566

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

35,752

55,176

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

16,971

39,373

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a

winding up.There is no provision for specific legally enforceable protection afforded to creditors in such an

event.There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’

other interests'.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to nine and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wood & Associates LLP

Chartered Certified Accountants

Maritime House

Basin Road North

Hove

East Sussex

BN41 1WR

7 January 2026