Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 11 September 2025 1 January 2024 31 December 2024 31 December 2024 13799781 District and County Investments Limited Mrs N K McLachlan District and County Investments Limited 42 Duke Street, Formby, Liverpool, Merseyside, United Kingdom, L37 4AT true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13799781 2023-12-31 13799781 2024-12-31 13799781 2024-01-01 2024-12-31 13799781 frs-core:CurrentFinancialInstruments 2024-12-31 13799781 frs-core:Non-currentFinancialInstruments 2024-12-31 13799781 frs-core:ShareCapital 2024-12-31 13799781 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13799781 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13799781 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13799781 frs-bus:SmallEntities 2024-01-01 2024-12-31 13799781 frs-bus:Audited 2024-01-01 2024-12-31 13799781 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13799781 1 2024-01-01 2024-12-31 13799781 frs-bus:Director1 2024-01-01 2024-12-31 13799781 frs-bus:Director2 2024-01-01 2024-12-31 13799781 frs-countries:EnglandWales 2024-01-01 2024-12-31 13799781 2022-12-31 13799781 2023-12-31 13799781 2023-01-01 2023-12-31 13799781 frs-core:CurrentFinancialInstruments 2023-12-31 13799781 frs-core:Non-currentFinancialInstruments 2023-12-31 13799781 frs-core:ShareCapital 2023-12-31 13799781 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13799781
DCI 2 Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13799781
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 12,376,923 16,126,776
Cash at bank and in hand - 53,504
12,376,923 16,180,280
Creditors: Amounts Falling Due Within One Year 5 (5,816,895 ) (6,334,221 )
NET CURRENT ASSETS (LIABILITIES) 6,560,028 9,846,059
TOTAL ASSETS LESS CURRENT LIABILITIES 6,560,028 9,846,059
Creditors: Amounts Falling Due After More Than One Year 6 (4,639,986 ) (8,739,986 )
NET ASSETS 1,920,042 1,106,073
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,919,942 1,105,973
SHAREHOLDERS' FUNDS 1,920,042 1,106,073
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
11 September 2025
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 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13799781 . 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. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily available from other sources. The estimates and underyling assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
2.4. 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.
2.5. 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.
2.6. 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 years 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.
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 assets reflect 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,175,463 1,813,172
Loans receivable < 1 year 9,486,216 13,014,521
10,661,679 14,827,693
Due after more than one year
Loans receivable > 1 year 1,715,244 1,299,083
12,376,923 16,126,776
Loans receivable are made up of bridging and development loans and are secured against a charge on the asset to which the loan relates.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 16,906
Other creditors - 3,268
Accruals and deferred income 79,946 103,965
Amounts owed to group undertakings 5,736,949 6,210,082
5,816,895 6,334,221
Amounts owed to group undertakings are interest free and repayable on demand.
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,639,986 8,739,986
The above loan from Shawbrook Bank Limited attracts an interest rate of 4.85% plus the Bank of England SONIA (stirling overnight index average rate) per annum following the first drawdown date until the term out date of 30th April 2026. After this the interest rate is 5.85% plus SONIA. The final repayment must not exceed 36 months after the initial drawdown date. The loan is secured against all the property and assets of the company.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
No directors have received advances, credits or guarantees during the current financial period.
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.
Page 3
Page 4
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 assist with the preparation of the financial statements and submit the approved version to Companies House.
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 on 5 May 2004. The ultimate controlling party is District and County Investments Limited who control 100% of the shares of DCI 2 Limited.
12. Audit Information
The auditor's report on the accounts of DCI 2 Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mark Wrigglesworth (Senior Statutory Auditor) for and on behalf of ERC Accountants and Business Advisors Limited , Statutory Auditor.
ERC Accountants and Business Advisors Limited
Chartered Accountants
Hanover Buildings, 11 - 13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 4