Darley Street Properties LLP - Accounts to registrar (filleted) - small 18.2

Darley Street Properties LLP - Accounts to registrar (filleted) - small 18.2

DARLEY STREET PROPERTIES LLP - Company Information

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IRIS Accounts Production v21.4.0.171 OC346304 designated member 1.7.20 30.6.21 30.6.21 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3463042020-06-30OC3463042021-06-30OC3463042020-07-012021-06-30OC3463042019-06-30OC3463042019-07-012020-06-30OC3463042020-06-30OC346304ns16:EnglandWales2020-07-012021-06-30OC346304ns15:PoundSterling2020-07-012021-06-30OC346304ns11:Director12020-07-012021-06-30OC346304ns11:LimitedLiabilityPartnershipLLP2020-07-012021-06-30OC346304ns11:SmallEntities2020-07-012021-06-30OC346304ns11:AuditExempt-NoAccountantsReport2020-07-012021-06-30OC346304ns11:SmallCompaniesRegimeForAccounts2020-07-012021-06-30OC346304ns11:LimitedLiabilityPartnershipsSORP2020-07-012021-06-30OC346304ns11:FullAccounts2020-07-012021-06-30OC346304ns11:Director32020-07-012021-06-30OC346304ns11:Director42020-07-012021-06-30OC346304ns11:RegisteredOffice2020-07-012021-06-30OC346304ns6:CurrentFinancialInstruments2021-06-30OC346304ns6:CurrentFinancialInstruments2020-06-30OC346304ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-06-30OC346304ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-06-30
REGISTERED NUMBER: OC346304 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

DARLEY STREET PROPERTIES LLP
DARLEY STREET PROPERTIES LLP (REGISTERED NUMBER: OC346304)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DARLEY STREET PROPERTIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2021







DESIGNATED MEMBERS: Ironmere Limited
Marylebone Securities Limited
Autum Blaze Holdings Ltd.





REGISTERED OFFICE: 7-10 (5th Floor)
Chandos Street
London
W1G 9DQ





REGISTERED NUMBER: OC346304 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
DARLEY STREET PROPERTIES LLP (REGISTERED NUMBER: OC346304)

BALANCE SHEET
30 JUNE 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 8,730,001 8,730,001

CURRENT ASSETS
Debtors 5 1,644,495 1,156,170

CREDITORS
Amounts falling due within one year 6 221,883 185,911
NET CURRENT ASSETS 1,422,612 970,259
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
10,152,613
9,700,260

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
5,242,863
4,790,510

MEMBERS' OTHER INTERESTS
Capital accounts 4,909,750 4,909,750
10,152,613 9,700,260

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 5,242,863 4,790,510
Members' other interests 4,909,750 4,909,750
10,152,613 9,700,260

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 30 June 2021.

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 notes form part of these financial statements

Page 2 continued...
DARLEY STREET PROPERTIES LLP (REGISTERED NUMBER: OC346304)

BALANCE SHEET - continued
30 JUNE 2021


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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 November 2021 and were signed by:





Ironmere Limited - Designated member

The notes form part of these financial statements

Page 3
DARLEY STREET PROPERTIES LLP (REGISTERED NUMBER: OC346304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021


1. STATUTORY INFORMATION

Darley Street Properties LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the total invoice value of rents receivable excluding value added tax

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2020
and 30 June 2021 8,730,001
NET BOOK VALUE
At 30 June 2021 8,730,001
At 30 June 2020 8,730,001

The investment property was valued by the designated members on an open market basis for existing use as at 30 June 2021.

If the investment property had not been revalued it would have been included at a historical cost of £9,053,908 (2020: £9,053,908).

If the investment property was sold at the valuation in these accounts there would be no liability to taxation.

Page 4 continued...
DARLEY STREET PROPERTIES LLP (REGISTERED NUMBER: OC346304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 105,410 116,304
Other debtors 1,539,085 1,039,866
1,644,495 1,156,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 16,766 15,119
Other creditors 205,117 170,792
221,883 185,911

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

Page 5