DS & MS Properties LLP OC310191 false 2025-04-06 2026-04-05 2026-04-05 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 OC310191 2025-04-06 2026-04-05 OC310191 2026-04-05 OC310191 core:CurrentFinancialInstruments 2026-04-05 OC310191 core:CostValuation 2026-04-05 OC310191 bus:SmallEntities 2025-04-06 2026-04-05 OC310191 bus:AuditExemptWithAccountantsReport 2025-04-06 2026-04-05 OC310191 bus:AbridgedAccounts 2025-04-06 2026-04-05 OC310191 bus:SmallCompaniesRegimeForAccounts 2025-04-06 2026-04-05 OC310191 bus:RegisteredOffice 2025-04-06 2026-04-05 OC310191 bus:PartnerLLP1 2025-04-06 2026-04-05 OC310191 bus:PartnerLLP2 2025-04-06 2026-04-05 OC310191 bus:LimitedLiabilityPartnershipLLP 2025-04-06 2026-04-05 OC310191 bus:Agent1 2025-04-06 2026-04-05 OC310191 core:ComputerEquipment 2025-04-06 2026-04-05 OC310191 core:PlantMachinery 2025-04-06 2026-04-05 OC310191 countries:AllCountries 2025-04-06 2026-04-05 OC310191 2025-04-05 OC310191 core:CostValuation 2025-04-05 OC310191 2024-04-06 2025-04-05 OC310191 2025-04-05 OC310191 core:CurrentFinancialInstruments 2025-04-05 iso4217:GBP xbrli:pure

Registration number: OC310191

DS & MS Properties LLP
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 5 April 2026

DS & MS Properties LLP

Contents

Limited liability partnership information | 1
Members' Report | 2
Accountants' Report | 3
Abridged Financial Statements | 4 to 12
Abridged Balance Sheet | 4
Statement of Changes in Members’ Interests | 6
Notes to the Abridged Financial Statements | 7

DS & MS Properties LLP

Limited liability partnership information

Designated members | Mrs M Sukert Mr D Sukert

Registered office | Apt 7 239 Hale Road Hale Cheshire WA15 8RD

Principal place of business | Apt.7 239 Hale Road Hale Cheshire WA15 8RD

Accountants | Krystal Clear Accounting Westgate House 44 Hale Road Ground Floor Hale, Altrincham Cheshire WA14 2EX

DS & MS Properties LLP

Members' Report for the Year Ended 5 April 2026

The members present their report and the unaudited abridged financial statements for the year ended 5 April 2026.

Designated members

The members who held office during the year were as follows:

Mrs M Sukert

Mr D Sukert

Members' drawings and the subscription and repayment of members' capital

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Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 17 August 2026 and signed on its behalf by:

......................................... Mr D Sukert Designated member

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
DS & MS Properties LLP
for the Year Ended 5 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of DS & MS Properties LLP for the year ended 5 April 2026 set out on pages 4 to 12 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of DS & MS Properties LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DS & MS Properties LLP and state those matters that we have agreed to state to the members of DS & MS Properties LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DS & MS Properties LLP and its members as a body for our work or for this report.

It is your duty to ensure that DS & MS Properties LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DS & MS Properties LLP. You consider that DS & MS Properties LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of DS & MS Properties LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Krystal Clear Accounting
Westgate House
44 Hale Road
Ground Floor
Hale, Altrincham
Cheshire
WA14 2EX

17 August 2026

DS & MS Properties LLP

(Registration number: OC310191)
Abridged Balance Sheet as at 5 April 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 627 | 439
Investments | 5 | 1,871,483 | 1,871,483
|  | 1,872,110 | 1,871,922
Current assets |  |  |
Cash and short-term deposits |  | 6,371 | 7,574
Creditors: Amounts falling due within one year |  | (2,829) | (9,358)
Net current assets/(liabilities) |  | 3,542 | (1,784)
Total assets less current liabilities |  | 1,875,652 | 1,870,138
Accruals and deferred income |  | (5,459) | (4,034)
Net assets attributable to members |  | 1,870,193 | 1,866,104
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 1,870,193 | 1,866,104
|  | 1,870,193 | 1,866,104
Total members' interests |  |  |
Loans and other debts due to members |  | 1,870,193 | 1,866,104
|  | 1,870,193 | 1,866,104

For the year ending 5 April 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

All of the limited liability partnership's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006, as applied to limited liability partnerships.

DS & MS Properties LLP

(Registration number: OC310191)
Abridged Balance Sheet as at 5 April 2026

The financial statements of DS & MS Properties LLP (registered number OC310191) were approved by the Board and authorised for issue on 17 August 2026. They were signed on behalf of the limited liability partnership by:

......................................... Mr D Sukert Designated member

DS & MS Properties LLP

Statement of Changes in Members’ Interests
At 5 April 2026

| Loans and other debts due to/(from) members |  |
| Members' capital classified as a liability £ | Members' other amounts £ | Total debt £ | Total 2026 £
Members' interest at 6 April 2025 | 1,866,104 | - | 1,866,104 | 1,866,104
Members' remuneration charged as an expense | - | 71,978 | 71,978 | 71,978
At 5 April 2026 | 1,866,104 | 71,978 | 1,938,082 | 1,938,082

| Loans and other debts due to/(from) members |  |
| Members' capital classified as a liability £ | Members' other amounts £ | Total debt £ | Total 2025 £
Members' interest at 6 April 2024 | 1,872,785 | - | 1,872,785 | 1,872,785
Members' remuneration charged as an expense | - | 66,950 | 66,950 | 66,950
At 5 April 2025 | 1,872,785 | 66,950 | 1,939,735 | 1,939,735

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of DS & MS Properties LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class | Depreciation method and rate
Computer equipment | 33% on cost
Plant and machinery | 25% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Recognition and Measurement

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

Impairment of financial assets

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Derivative financial instruments and hedging

Derivatives
The limited liability partnership uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The limited liability partnership does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.
Hedging
The limited liability partnership designates certain derivatives as hedging instruments in respect of variable interest rate risk of the cash flows associated with recognised debt instruments measured at amortised cost and in respect of foreign exchange risk in firm commitments and highly probable forecast transactions.
At the inception of the hedge relationship, the entity documents the relationship between the hedging instrument and the hedged item, along with the clear identification of the risk in the hedged item that is being hedged by the hedging instrument. Furthermore, at the inception of the hedge and on an ongoing basis, the limited liability partnership assesses whether the hedging instrument is highly effective in offsetting the designated hedged risk.
The effective portion of changes in the fair value of the designated hedging instrument is recognised in other comprehensive income. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss. Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the periods in which the hedged item affects profit or loss or when the hedging relationship ends.
Hedge accounting is discontinued when the limited liability partnership revokes the hedging relationship, the hedging instrument expires or is sold, terminated, or exercised, or no longer qualifies for hedge accounting. Any gain or loss accumulated in equity at that time is reclassified to profit or loss when the hedged item is recognised in profit or loss. When a forecast transaction is no longer expected to occur, any gain or loss that was recognised in other comprehensive income is reclassified immediately to profit or loss.

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 | Profit for the year before members' remuneration and profit shares

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation | 728 | 1,923

3 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 1 (2025 - 1).

DS & MS Properties LLP

Notes to the Abridged Financial Statements for the Year Ended 5 April 2026

4 | Tangible fixed assets

| Total £
Cost |
At 6 April 2025 | 2,488
Additions | 916
At 5 April 2026 | 3,404
Depreciation |
At 6 April 2025 | 2,049
Charge for the year | 728
At 5 April 2026 | 2,777
Net book value |
At 5 April 2026 | 627
At 5 April 2025 | 439

5 | Investments held as fixed assets

| Total £
Cost |
At 6 April 2025 | 1,871,483
At 5 April 2026 | 1,871,483
Net book value |
At 5 April 2026 | 1,871,483
At 5 April 2025 | 1,871,483

6 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.