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REGISTERED NUMBER: 05265007 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: S Plant
Mrs L B Plant





REGISTERED OFFICE: 53 Welbeck Street
London
W1G 9XR





REGISTERED NUMBER: 05265007 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 6,010,698

CURRENT ASSETS
Debtors 5 70,507 51,763
Cash at bank 3,651,048 287
3,721,555 52,050
CREDITORS
Amounts falling due within one year 6 24,542 5,085,676
NET CURRENT ASSETS/(LIABILITIES) 3,697,013 (5,033,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,697,013 977,072

CREDITORS
Amounts falling due after more than
one year

7

1,553,946

1,585,945
NET ASSETS/(LIABILITIES) 2,143,067 (608,873 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 2,143,066 (608,874 )
SHAREHOLDERS' FUNDS 2,143,067 (608,873 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





S Plant - Director


CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

City & Provincial (Equity Partners 3) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 6,010,698
Additions 7,010,390
Disposals (13,021,088 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 6,010,698

The investment properties are included at cost which the directors consider to be equal to the fair valuation on an open market value basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtor 70,507 -
Amounts due from related undertakings - 51,763
70,507 51,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan creditor - 4,950,000
Social security and other taxes (5,490 ) 18,894
Bank loan 10,032 10,032
Accruals and deferred income 20,000 106,750
24,542 5,085,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors loan accounts 761,191 799,434
Amounts due to group undertakings 769,370 749,370
Bank loan 23,385 37,141
1,553,946 1,585,945

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

CITY & PROVINCIAL (EQUITY PARTNERS 3)
LIMITED (REGISTERED NUMBER: 05265007)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (608,874 )
Profit for the year 2,751,940
At 31 December 2023 2,143,066