Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 29 April 2024 1 January 2023 31 December 2023 31 December 2023 13799825 Mrs N K McLachlan District and County Investments Limited District and County Investments Limited England & Wales true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13799825 2022-12-31 13799825 2023-12-31 13799825 2023-01-01 2023-12-31 13799825 frs-core:CurrentFinancialInstruments 2023-12-31 13799825 frs-core:Non-currentFinancialInstruments 2023-12-31 13799825 frs-core:ShareCapital 2023-12-31 13799825 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13799825 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13799825 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13799825 frs-bus:SmallEntities 2023-01-01 2023-12-31 13799825 frs-bus:Audited 2023-01-01 2023-12-31 13799825 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13799825 1 2023-01-01 2023-12-31 13799825 frs-bus:Director1 2023-01-01 2023-12-31 13799825 frs-bus:Director2 2023-01-01 2023-12-31 13799825 frs-countries:EnglandWales 2023-01-01 2023-12-31 13799825 2021-12-31 13799825 2022-12-31 13799825 2022-01-01 2022-12-31 13799825 frs-core:CurrentFinancialInstruments 2022-12-31 13799825 frs-core:Non-currentFinancialInstruments 2022-12-31 13799825 frs-core:ShareCapital 2022-12-31 13799825 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13799825
DCI 3 Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13799825
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,445,665 100
3,445,665 100
Creditors: Amounts Falling Due Within One Year 5 (124,961 ) -
NET CURRENT ASSETS (LIABILITIES) 3,320,704 100
TOTAL ASSETS LESS CURRENT LIABILITIES 3,320,704 100
Creditors: Amounts Falling Due After More Than One Year 6 (3,012,868 ) -
NET ASSETS 307,836 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 307,736 -
SHAREHOLDERS' FUNDS 307,836 100
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs N K McLachlan
Director
29 April 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
DCI 3 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13799825 . The registered office is 42 Duke Street, Formby, Liverpool, Merseyside, L37 4AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
The company's turnover, derived from ordinary activities and excluding VAT where applicable, comprises interest receivable and arrangement fee income in relation to bridging and development loans issued, measured at amortised cost and recognised as they become due.
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 710,665 -
Loans receivable < 1 year 2,000,000 -
Called up share capital not paid - 100
2,710,665 100
...CONTINUED
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Page 3
Due after more than one year
Loans receivable > 1 year 735,000 -
735,000 -
3,445,665 100
Loans receivable are made up of bridging and development loans and are secured against a charge on the asset to which the loan relates to.
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 94,641 -
Accruals and deferred income 7,740 -
Amounts owed to group undertakings 22,580 -
124,961 -
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,012,868 -
3,012,868 -
The loan from Red Sands Limited attracts a fixed interest rate of 6.5% per annum repayable annually following the first drawdown date. The final repayment date must not exceed 54 months after the initial drawdown date. The loan is secured against the third-party assets against which the third-party loan is being granted.
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid - 100
Called Up Share Capital has been paid up 100 -
Amount of Allotted, Called Up Share Capital 100 100
8. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
9. Related Party Transactions
The company has taken advantage of the exemption available under Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with the parent company as it is a wholly owned subsidiary within the group.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is District and County Investments Limited . District and County Investments Limited was incorporated in England. Copies of the group accounts may be obtained from the secretary, England & Wales . The ultimate controlling party is District and County Investments Limited who controls 100% of the shares of DCI 3 Limited .
Page 3
Page 4
12. Audit Information
The auditors report on the account of DCI 3 Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Mark Wrigglesworth (Senior Statutory Auditor) for and on behalf of ERC Accountants & Business Advisers Limited , Statutory Auditor
ERC Accountants & Business Advisers Limited
Hanover Buildings, 11-13 Hanover Street
Liverpool
L1 3DN
Page 4