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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IRIS Accounts Production v20.3.4.1 OC348146 designated member 1.9.19 31.8.20 31.8.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3481462019-08-31OC3481462020-08-31OC3481462019-09-012020-08-31OC3481462018-08-31OC3481462018-09-012019-08-31OC3481462019-08-31OC348146ns16:EnglandWales2019-09-012020-08-31OC348146ns15:PoundSterling2019-09-012020-08-31OC348146ns11:Director12019-09-012020-08-31OC348146ns11:LimitedLiabilityPartnershipLLP2019-09-012020-08-31OC348146ns11:SmallEntities2019-09-012020-08-31OC348146ns11:AuditExemptWithAccountantsReport2019-09-012020-08-31OC348146ns11:SmallCompaniesRegimeForAccounts2019-09-012020-08-31OC348146ns11:LimitedLiabilityPartnershipsSORP2019-09-012020-08-31OC348146ns11:FullAccounts2019-09-012020-08-31OC348146ns6:CurrentFinancialInstruments2020-08-31OC348146ns6:CurrentFinancialInstruments2019-08-31OC348146ns6:Non-currentFinancialInstruments2020-08-31OC348146ns6:Non-currentFinancialInstruments2019-08-31OC348146ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-08-31OC348146ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-08-31OC348146ns6:CurrentFinancialInstruments2019-09-012020-08-31OC348146ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-08-31OC348146ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2019-08-31OC348146ns6:Non-currentFinancialInstruments2019-09-012020-08-31


REGISTERED NUMBER: OC348146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2020

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 2020 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


22 December 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 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,209,480 3,209,480

CURRENT ASSETS
Debtors 5 142,622 145,297
Cash at bank 259,505 236,471
402,127 381,768
CREDITORS
Amounts falling due within one year 6 228,422 264,498
NET CURRENT ASSETS 173,705 117,270
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,383,185
3,326,750

CREDITORS
Amounts falling due after more than
one year
7
2,495,097
2,605,174
NET ASSETS ATTRIBUTABLE TO
MEMBERS
888,088
721,576

LOANS AND OTHER DEBTS DUE
TO MEMBERS
8
888,088
721,576

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
8
888,088
721,576

The notes form part of these financial statements

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

Balance Sheet - continued
31 August 2020


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 2020.

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 and authorised for issue on 22 December 2020 and were signed by:





J N Leyland - Designated member

The notes form part of these financial statements

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

Notes to the Financial Statements
for the Year Ended 31 August 2020


1. STATUTORY INFORMATION

Deryn Properties (Investment) LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC348146

Registered office: 1 Deryn Court
Pentwyn Business Centre
Wharfedale Road Pentwyn
Cardiff
CF23 7HB

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.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2019 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 September 2019
and 31 August 2020 3,209,480
NET BOOK VALUE
At 31 August 2020 3,209,480
At 31 August 2019 3,209,480

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

Notes to the Financial Statements - continued
for the Year Ended 31 August 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 21,947 23,272
Other debtors 120,675 122,025
142,622 145,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Mortgage loan 99,500 88,000
Trade creditors 12,324 44,042
VAT 16,035 25,016
Deferred income 15,300 22,525
Accruals & other creditors 85,263 84,915
228,422 264,498

The mortgage loan is secured over the properties concerned.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2020 2019
£    £   
Other loan 250,000 250,000
Mortgage loan 2,245,097 2,355,174
2,495,097 2,605,174

The mortgage loan is secured over the properties concerned,

The total amount repayable by instalments over more than 5 years is £1,813,000 (2019 - £1,928,000).

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2020 2019
£    £   
Amounts owed to members in respect of profits 888,088 721,576

Falling due within one year 888,088 721,576

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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