Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09926972 Mr Delroy Brown DB Property Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09926972 2022-12-31 09926972 2023-12-31 09926972 2023-01-01 2023-12-31 09926972 frs-core:CurrentFinancialInstruments 2023-12-31 09926972 frs-core:Non-currentFinancialInstruments 2023-12-31 09926972 frs-core:ShareCapital 2023-12-31 09926972 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09926972 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09926972 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09926972 frs-bus:SmallEntities 2023-01-01 2023-12-31 09926972 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09926972 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09926972 1 2023-01-01 2023-12-31 09926972 frs-bus:Director1 2023-01-01 2023-12-31 09926972 frs-countries:EnglandWales 2023-01-01 2023-12-31 09926972 2021-12-31 09926972 2022-12-31 09926972 2022-01-01 2022-12-31 09926972 frs-core:CurrentFinancialInstruments 2022-12-31 09926972 frs-core:Non-currentFinancialInstruments 2022-12-31 09926972 frs-core:ShareCapital 2022-12-31 09926972 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09926972
DBP 2 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09926972
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,894,947 4,506,870
Debtors 5 62,530 14,485
Cash at bank and in hand 4,218 92
2,961,695 4,521,447
Creditors: Amounts Falling Due Within One Year 6 (4,708,987 ) (1,946,087 )
NET CURRENT ASSETS (LIABILITIES) (1,747,292 ) 2,575,360
TOTAL ASSETS LESS CURRENT LIABILITIES (1,747,292 ) 2,575,360
Creditors: Amounts Falling Due After More Than One Year 7 - (3,731,755 )
NET LIABILITIES (1,747,292 ) (1,156,395 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,747,293 ) (1,156,396 )
SHAREHOLDERS' FUNDS (1,747,292) (1,156,395)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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
Mr Delroy Brown
Director
24/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DBP 2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09926972 . The registered office is 184 Henleaze Road, Henleaze, Bristol, BS9 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
2.5. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.6. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.7. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The average number of employees, including directors, during the year was 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Work in progress 2,894,947 4,506,870
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5. Debtors
2023 2022
£ £
Due within one year
Other debtors 15,000 -
VAT 47,530 14,485
62,530 14,485
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,293,581 620,872
Other creditors 2,671,244 613,351
Director's loan account 744,162 711,864
4,708,987 1,946,087
Included in other creditors are amounts owed to connected companies of the director amounting to £21,569 (2022: £1,500).
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - 3,731,755
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is DB Property Group Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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