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Registered number: 09926975
DBP 3 Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09926975
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,193,733 4,193,733
4,193,733 4,193,733
CURRENT ASSETS
Debtors 417,992 400,000
Cash at bank and in hand 7,583 589
425,575 400,589
Creditors: Amounts Falling Due Within One Year (1,197,466 ) (1,334,140 )
NET CURRENT ASSETS (LIABILITIES) (771,891 ) (933,551 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,421,842 3,260,182
Creditors: Amounts Falling Due After More Than One Year (3,838,111 ) (3,848,111 )
NET LIABILITIES (416,269 ) (587,929 )
CAPITAL AND RESERVES
Called up share capital 5 2 2
Share premium account 399,999 399,999
Profit and Loss Account (816,270 ) (987,930 )
SHAREHOLDERS' FUNDS (416,269) (587,929)
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Delroy Brown
Director
26/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
DBP 3 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09926975 . 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.
Letting of rental property

Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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.
2.7. 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.
2.8. 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
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4. Tangible Assets
Total
£
Cost
As at 1 January 2023 4,193,733
As at 31 December 2023 4,193,733
Net Book Value
As at 31 December 2023 4,193,733
As at 1 January 2023 4,193,733
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
6. Related Party Transactions
As at the balance sheet date, a debtor balance of £400,000 (2022: £400,000) is oustanding from its parent company DB Property Group Ltd.
7. Ultimate Controlling Party
The company's ultimate controlling party is DB Property Group Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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