REGISTERED NUMBER: OC448816 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

FOR

DEV LETTINGS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

D Vesey

Ms E L Vesey

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

OC448816 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

The members present their report with the financial statements of the LLP for the year ended 5 April 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of residential property letting.

DESIGNATED MEMBERS

The designated members during the year under review were:

D Vesey

Ms E L Vesey

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £26,372 (2025 - £54,381 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

D Vesey - Designated member

30 June 2026

TURNOVER

237,930

255,774

Administrative expenses

85,994

71,958

OPERATING PROFIT

151,936

183,816

Interest payable and similar expenses

125,564

129,435

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

26,372

54,381

FIXED ASSETS

Investment property

4

5,050,000

6,120,000

CURRENT ASSETS

Cash at bank

11,011

28,415

CREDITORS

Amounts falling due within one year

5

2,220

2,160

NET CURRENT ASSETS

8,791

26,255

TOTAL ASSETS LESS CURRENT LIABILITIES

5,058,791

6,146,255

CREDITORS

Amounts falling due after more than one year

6

2,738,370

2,738,370

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,320,421

3,407,885

LOANS AND OTHER DEBTS DUE TO MEMBERS

3,390,421

3,407,885

MEMBERS' OTHER INTERESTS

Fair value reserve

7

(1,070,000

)

-

2,320,421

3,407,885

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

3,390,421

3,407,885

Members' other interests

(1,070,000

)

-

2,320,421

3,407,885

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 5 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30 June 2026 and were signed by:

D Vesey - Designated member

Ms E L Vesey - Designated member

1.	STATUTORY INFORMATION

Dev Lettings 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2025

6,120,000

Revaluations

(1,070,000

)

At 5 April 2026

5,050,000

NET BOOK VALUE

At 5 April 2026

5,050,000

At 5 April 2025

6,120,000

Fair value at 5 April 2026 is represented by:

£

Valuation in 2026

(1,070,000

)

Cost

6,120,000

5,050,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

2,220

2,160

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

2,738,370

2,738,370

7.

RESERVES

Fair

value

reserve

£

Revaluation

(1,070,000

)

At 5 April 2026

(1,070,000

)