Dakota Silvan LLP

	Page
LLP Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Dakota Silvan LLP

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: NC001422

		31 March 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		9,200,000		6,028,338

			9,200,000		6,028,338
CURRENT ASSETS
Debtors	6	500,926		412,610

		500,926		412,610
Creditors: Amounts Falling Due Within One Year	7	(1,170,194 )		(187,075 )

NET CURRENT ASSETS (LIABILITIES)			(669,268 )		225,535

TOTAL ASSETS LESS CURRENT LIABILITIES			8,530,732		6,253,873

Creditors: Amounts Falling Due After More Than One Year	8		(11,328,761 )		(10,947,402 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(2,798,029 )		(4,693,529 )

REPRESENTED BY:
Equity
Members' other interests
Members' capital		4,018,450		4,018,450
Other reserves		(6,816,479)		(8,711,979)

			(2,798,029)		(4,693,529)

TOTAL MEMBERS' INTEREST
Members' other interests			(2,798,029)		(4,693,529)

			(2,798,029)		(4,693,529)

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Dakota Silvan LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr M P Ho

Designated Member

28/08/2026

The notes on pages 4 to 6 form part of these financial statements.

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Dakota Silvan LLP

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Dakota Silvan LLP is a limited liability partnership, incorporated in Northern Ireland, registered number NC001422 . The Registered Office is 21 Arthur Street, Belfast, Antrim, BT1 4GA.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 for small limited liability partnerships regime - "The Financial Reporting Standard applicable in the UK and Republic of Ireland", The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The LLP has net liabilities at the year end of £2,798,029 (2024: net liabilities of £4,693,529), largely due to a write down in the fair value of the investment property by the Members. Included in these net liabilities is a loan due to related party Dakota-Silvan (HK) Limited. The directors of Dakota-Silvan (HK) Ltd have provided assurances that they will not call in this debt until the LLP has sufficient resources to repay the debt. This will therefore ensure that the entity has sufficient resources to continue its normal course of business for a period of at least 12 months from the date of signing the financial statements.

After consideration of the above, the designated members consider it appropriate to prepare the financial statements on a going concern basis.

3.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3.4.

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.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowings

...CONTINUED

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Dakota Silvan LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3.4. - continued

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the partnership has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Borrowing costs which are directly attributable to the construction of tangible fixed assets are capitalised as part of the cost of those assets. The commencement of capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

4. Average Number of Employees

Average number of employees during the year was: NIL (2025: NIL)

5. Investment Property

	31 March 2026
	£
Fair Value
As at 1 April 2025	6,028,338
Fair value adjustments	3,171,662

As at 31 March 2026	9,200,000

The directors intend to sell the property in the near future. The property continues to be recognised as an investment property at the reporting date.

6. Debtors

	31 March 2026	31 March 2025
	£	£
Due within one year
Amounts owed by group undertakings	351,068	345,137
Other debtors	149,858	67,473

	500,926	412,610

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Dakota Silvan LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Trade creditors	1,588	1,717
Amounts owed to group undertakings	1,153,937	164,232
Other creditors	14,669	21,126

	1,170,194	187,075

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026	31 March 2025
	£	£
Amounts owed to group undertakings	11,328,761	10,947,402

9. Related Party Disclosures

Member of the Partnership

Dakota-Silvan Limited

As at balance sheet date, Dakota-Silvan Limited owed the Partnership £288,546 (2025 : £287,574)

Dakota Carry LLP

As at balance sheet date, Dakota Carry LLP owed the Partnership £8,312 (2025 : £6,143)

Tak Pong Matthew Ho

As at balance sheet date, Tak Pong Matthew Ho owed the Partnership £7,330 (2025 : £6,310)

Related parties

Everest Capital Associates Limited

As at balance sheet date, Everest Capital Associates Limited, a member of Dakota Carry LLP, owed the Partnership £30,654 (2025 : £29,641).

LT Land Limited

As at balance sheet date, LT Land Ltd, a member of Dakota Carry LLP, owed the Partnership £16,226 (2025 : £15,220).

Dakota Silvan (HK) Limited

As at balance sheet date, the Partnership owed Dakota Silvan (HK) Limited £11,328,761 (2025 : £10,947,402).

Dakota RE I Limited

As at balance sheet date, the Partnership owed Dakota RE I Limited £1,153,937 (2025 : £164,232).

10. Controlling Parties

The ultimate parent undertaking is Dakota RE I Limited which is registered in Virgin Islands, British.

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Designated Members	Dakota-Silvan Limited
	Dakota Carry LLP
	Mr M P Ho

LLP Registration Number	NC001422

Registered Office	21 Arthur Street
	Belfast
	Antrim
	BT1 4GA

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU