Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13799825 District and County Investments Limited Mrs N K McLachlan District and County Investments Limited England & Wales true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13799825 2023-12-31 13799825 2024-12-31 13799825 2024-01-01 2024-12-31 13799825 frs-core:CurrentFinancialInstruments 2024-12-31 13799825 frs-core:Non-currentFinancialInstruments 2024-12-31 13799825 frs-core:ShareCapital 2024-12-31 13799825 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13799825 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13799825 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13799825 frs-bus:SmallEntities 2024-01-01 2024-12-31 13799825 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13799825 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13799825 1 2024-01-01 2024-12-31 13799825 frs-bus:Director1 2024-01-01 2024-12-31 13799825 frs-bus:Director2 2024-01-01 2024-12-31 13799825 frs-core:CurrentFinancialInstruments 1 2024-12-31 13799825 frs-countries:EnglandWales 2024-01-01 2024-12-31 13799825 2022-12-31 13799825 2023-12-31 13799825 2023-01-01 2023-12-31 13799825 frs-core:CurrentFinancialInstruments 2023-12-31 13799825 frs-core:Non-currentFinancialInstruments 2023-12-31 13799825 frs-core:ShareCapital 2023-12-31 13799825 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13799825 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 13799825
DCI 3 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13799825
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,046,259 3,445,665
4,046,259 3,445,665
Creditors: Amounts Falling Due Within One Year 5 (5,340 ) (124,961 )
NET CURRENT ASSETS (LIABILITIES) 4,040,919 3,320,704
TOTAL ASSETS LESS CURRENT LIABILITIES 4,040,919 3,320,704
Creditors: Amounts Falling Due After More Than One Year 6 (3,265,894 ) (3,012,868 )
NET ASSETS 775,025 307,836
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 774,925 307,736
SHAREHOLDERS' FUNDS 775,025 307,836
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs N K McLachlan
Director
11 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
DCI 3 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13799825 . 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 the 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 at to produce a constant rate of return on the outstanding liabilitiy. 
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 carryng 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 deductable temporary differences to the extent that it is probable that the 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 availlable 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 or liabilities and deferred tax assets within debtors. The measurements of deferre tax liabilities and asstes reflect the tax consequences that would follow from the manner in which t he Comapny 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 ot loss, except when they related to items that are ecognsed 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.
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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 511,127 710,665
Loans receivable < 1 year 2,000,000 2,000,000
Other debtors 18,530 -
Amounts owed by group undertakings 1,516,602 -
4,046,259 2,710,665
Due after more than one year
Loans receivable > 1 year - 735,000
4,046,259 3,445,665
Loans receivable are made up of bridging and development loans and are secured against a charge on the asset to which the loan relates to.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 94,641
Accruals and deferred income 5,340 7,740
Amounts owed to group undertakings - 22,580
5,340 124,961
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,265,894 3,012,868
The loan from Red Sands Insurance Company (Eurpoe) Limited attracts a fixed interest rate of 4.5% per annum over the bank base rate repayable annually following the first drawdown date. The final repayment date must not exceed 36 months after the initial drawdown date. The loan is secured against the third-party assets against which the thrid-party loan is being granted.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. 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.
9. 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 5th May 2004. The ultimate controlling party is District and County Investments Limited who controls 100% of the shares of DCI 3 Limited .
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