DBP 3 Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 09926975

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,500,000		4,193,733

			5,500,000		4,193,733
CURRENT ASSETS
Debtors		440,961		417,992
Cash at bank and in hand		622		7,583

		441,583		425,575
Creditors: Amounts Falling Due Within One Year		(1,042,656 )		(1,197,466 )

NET CURRENT ASSETS (LIABILITIES)			(601,073 )		(771,891 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,898,927		3,421,842

Creditors: Amounts Falling Due After More Than One Year			(3,838,494 )		(3,838,111 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(330,789 )		-

NET ASSETS/(LIABILITIES)			729,644		(416,269 )

CAPITAL AND RESERVES
Called up share capital	5		2		2
Share premium account			399,999		399,999
Fair value reserve	6		992,368		-
Profit and Loss Account			(662,725 )		(816,270 )

SHAREHOLDERS' FUNDS			729,644		(416,269)

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DBP 3 Ltd

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Delroy Brown

Director

17/09/2025

The notes on pages 3 to 5 form part of these 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. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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DBP 3 Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. 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.

2.8. 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.

2.9. 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 (2023: 1)

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	4,193,733
Additions	1,306,267

As at 31 December 2024	5,500,000

Net Book Value
As at 31 December 2024	5,500,000

As at 1 January 2024	4,193,733

Investment properties have been included at fair market value as determined by the director.

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

6. Reserves

	Fair Value Reserve
	£
Movements in fair value reserve	992,368

As at 31 December 2024	992,368

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DBP 3 Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

7. Related Party Transactions

As at the balance sheet date, a debtor balance of £400,000 (2023: £400,000) is oustanding from its parent company DB Property Group Ltd.

8. 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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