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

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

DERYN PROPERTIES (INVESTMENT) LLP - Company Information

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REGISTERED NUMBER: OC348146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2019

for

Deryn Properties (Investment) LLP
Accountants' Report to the Members
on the Unaudited Financial Statements of
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 2019 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


8 January 2020

This page does not form part of the statutory financial statements

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Deryn Properties (Investment) LLP (Registered number: OC348146)

Balance Sheet
31 August 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 3,209,480 3,179,927

CURRENT ASSETS
Debtors 3 145,297 186,803
Cash at bank 236,471 291,087
381,768 477,890
CREDITORS
Amounts falling due within one year 4 264,498 179,598
NET CURRENT ASSETS 117,270 298,292
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,326,750
3,478,219

CREDITORS
Amounts falling due after more than
one year
5
2,605,174
2,677,701
NET ASSETS ATTRIBUTABLE TO
MEMBERS
721,576
800,518

LOANS AND OTHER DEBTS DUE
TO MEMBERS
6
721,576
800,518

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
6
721,576
800,518

The notes form part of these financial statements

2
Deryn Properties (Investment) LLP (Registered number: OC348146)

Balance Sheet - continued
31 August 2019


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 2019.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 7 January 2020 and were
signed by:





J N Leyland - Designated member

The notes form part of these financial statements

3
Deryn Properties (Investment) LLP (Registered number: OC348146)

Notes to the Financial Statements
for the Year Ended 31 August 2019


1. 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 represents the invoiced value of goods & services, less related value added tax, in
relation to property investment.

Investment properties
The LLP's properties are held for long term investments. The LLP has not revalued the
properties at open market value which is contrary to FRS 102.

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 September 2018 3,179,927
Additions 29,553
At 31 August 2019 3,209,480
NET BOOK VALUE
At 31 August 2019 3,209,480
At 31 August 2018 3,179,927

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 23,272 18,252
Other debtors 122,025 168,551
145,297 186,803

4
Deryn Properties (Investment) LLP (Registered number: OC348146)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Mortgage loan 88,000 92,000
Trade creditors 44,042 11,463
VAT 25,016 6,383
Deferred income 22,525 27,400
Accruals & other creditors 84,915 42,352
264,498 179,598

The mortgage loan is secured over the properties concerned.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2019 2018
£    £   
Other loan 250,000 250,000
Mortgage loan 2,355,174 2,427,701
2,605,174 2,677,701

The mortgage loan is secured over the properties concerned,

The total amount repayable by instalments over more than 5 years is £1,928,000 (2018 -
£2,022,000).

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2019 2018
£    £   
Amounts owed to members in respect of profits 721,576 800,518

Falling due within one year 721,576 800,518

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.

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