Deryn Properties (Investment) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC348146 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Deryn Properties (Investment) LLP

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.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the

Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)

Regulations 2008, we have prepared for your approval the financial statements of Deryn

Properties (Investment) LLP for the year ended 31 August 2018 which comprise the Profit & Loss

Account, Balance Sheet and the related notes from the LLP'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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Deryn Properties (Investment) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deryn Properties (Investment) LLP. You consider that Deryn Properties (Investment) 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 financial statements of Deryn Properties (Investment) 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 financial statements.

BPU Limited

30 April 2019

FIXED ASSETS

Investment property

2

3,179,927

3,173,749

CURRENT ASSETS

Debtors

3

186,803

216,630

Cash at bank

291,087

94,558

477,890

311,188

CREDITORS

Amounts falling due within one year

4

179,598

232,507

NET CURRENT ASSETS

298,292

78,681

TOTAL ASSETS LESS CURRENT LIABILITIES

3,478,219

3,252,430

CREDITORS

Amounts falling due after more than one year

5

2,677,701

2,865,910

NET ASSETS ATTRIBUTABLE TO MEMBERS

800,518

386,520

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

800,518

386,520

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

800,518

386,520

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 August 2018.

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 of Part 15 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 small LLPs.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 29 April 2019 and were signed by:

J N Leyland - Designated member

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents the invoiced value of goods & services, less related value added tax, in

relation to property investment.

Investment properties

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 September 2017

3,173,749

Additions

6,178

At 31 August 2018

3,179,927

NET BOOK VALUE

At 31 August 2018

3,179,927

At 31 August 2017

3,173,749

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

18,252

30,671

Other debtors

168,551

185,959

186,803

216,630

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Mortgage loan

92,000

98,000

Trade creditors

11,463

40,204

VAT

6,383

5,603

Deferred income

27,400

30,000

Accruals & other creditors

42,352

58,700

179,598

232,507

The mortgage loan is secured over the properties concerned,

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loan

250,000

250,000

Mortgage loan

2,427,701

2,615,910

2,677,701

2,865,910

The mortgage loan is secured over the properties concerned,

The total amount repayable by instalments over more than 5 years is £2,022,000 (2017 -

£2,180,000).

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Amounts owed to members in respect of profits

800,518

386,520

Falling due within one year

800,518

386,520

The loans and other debts due to members rank pari passu with other unsecured creditors in

the event of a winding up of the business.