Deryn Properties (Investment) LLP - Accounts to registrar (filleted) - small 17.3

Deryn Properties (Investment) LLP - Accounts to registrar (filleted) - small 17.3

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 2017

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 2017 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


19 March 2018

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 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 3,173,749 3,175,492

CURRENT ASSETS
Debtors 3 216,630 101,957
Cash at bank 94,558 153,256
311,188 255,213
CREDITORS
Amounts falling due within one year 4 232,507 229,227
NET CURRENT ASSETS 78,681 25,986
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,252,430
3,201,478

CREDITORS
Amounts falling due after more than
one year
5
2,865,910
2,975,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS
386,520
226,478

LOANS AND OTHER DEBTS DUE
TO MEMBERS
6
386,520
226,478

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
6
386,520
226,478

The notes form part of these financial statements

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

Balance Sheet - continued
31 August 2017


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 2017.

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 19 March 2018 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 2017


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
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 2016 3,175,492
Additions (1,743 )
At 31 August 2017 3,173,749
NET BOOK VALUE
At 31 August 2017 3,173,749
At 31 August 2016 3,175,492

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 30,671 35,946
Other debtors 185,959 66,011
216,630 101,957

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

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Mortgage loan 98,000 110,000
Trade creditors 40,204 5,999
VAT 5,603 10,589
Deferred income 30,000 45,686
Accruals & other creditors 58,700 56,953
232,507 229,227

The mortgage loan is secured over the properties concerned,

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Other loan 250,000 250,000
Mortgage loan 2,615,910 2,725,000
2,865,910 2,975,000

The mortgage loan is secured over the properties concerned,

The total amount repayable by instalments over more than 5 years is £2,180,000 (2016 -
£2,325,000)

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2017 2016
£    £   
Amounts owed to members in respect of profits 386,520 226,478

Falling due within one year 386,520 226,478

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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