Delyn Properties LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC321724 (United Kingdom)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

DELYN PROPERTIES LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

9,430,000

CURRENT ASSETS

Stocks

47,909

-

Debtors

5

92,753

85,627

Cash at bank

270,242

7,993

410,904

93,620

CREDITORS

Amounts falling due within one year

6

3,061,054

220,662

NET CURRENT LIABILITIES

(2,650,150

)

(127,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,779,850

9,302,958

CREDITORS

Amounts falling due after more than one year

7

-

2,591,083

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,779,850

6,711,875

LOANS AND OTHER DEBTS DUE TO MEMBERS

272,042

204,067

MEMBERS' OTHER INTERESTS

Revaluation reserve

9

6,507,808

6,779,850

6,711,875

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

272,042

204,067

Members' other interests

6,507,808

6,779,850

6,711,875

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 2026.

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 June 2026 and were signed by:

Mr G L Davies - Designated member

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.

Stocks

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

9,430,000

NET BOOK VALUE

At 31 March 2026

9,430,000

At 31 March 2025

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 2026.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

24,629

82,638

Other debtors

68,124

2,989

92,753

85,627

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

2,891,083

-

Taxation and social security

13,037

17,347

Other creditors

156,934

203,315

3,061,054

220,662

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

-

2,591,083

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

2,891,083

2,591,083

Bank loans are secured against the assets of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

6,507,808