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 14035703 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 14035703 2023-12-31 14035703 2024-12-31 14035703 2024-01-01 2024-12-31 14035703 frs-core:CurrentFinancialInstruments 2024-12-31 14035703 frs-core:Non-currentFinancialInstruments 2024-12-31 14035703 frs-core:ShareCapital 2024-12-31 14035703 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14035703 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14035703 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14035703 frs-bus:SmallEntities 2024-01-01 2024-12-31 14035703 frs-bus:Audited 2024-01-01 2024-12-31 14035703 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14035703 1 2024-01-01 2024-12-31 14035703 frs-bus:Director1 2024-01-01 2024-12-31 14035703 frs-bus:Director2 2024-01-01 2024-12-31 14035703 frs-core:CurrentFinancialInstruments 1 2024-12-31 14035703 frs-countries:EnglandWales 2024-01-01 2024-12-31 14035703 2022-12-31 14035703 2023-12-31 14035703 2023-01-01 2023-12-31 14035703 frs-core:CurrentFinancialInstruments 2023-12-31 14035703 frs-core:Non-currentFinancialInstruments 2023-12-31 14035703 frs-core:ShareCapital 2023-12-31 14035703 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14035703 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 14035703
DCI 4 Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 14035703
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,965,000 3,375,000
2,965,000 3,375,000
CURRENT ASSETS
Stocks 5 2,575,000 3,020,354
Debtors 6 36,092,875 29,246,005
38,667,875 32,266,359
Creditors: Amounts Falling Due Within One Year 7 (16,372,532 ) (10,495,505 )
NET CURRENT ASSETS (LIABILITIES) 22,295,343 21,770,854
TOTAL ASSETS LESS CURRENT LIABILITIES 25,260,343 25,145,854
Creditors: Amounts Falling Due After More Than One Year 8 (27,907,844 ) (25,655,431 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (50,902 )
NET LIABILITIES (2,647,501 ) (560,479 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,647,601 ) (560,579 )
SHAREHOLDERS' FUNDS (2,647,501) (560,479)
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 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
DCI 4 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14035703 . 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 believe with the support from the parent undertaking that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
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 costt and recognised as they become due.
Rental income receivable is recognised on an accruals basis.
2.5. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
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.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
Page 2
Page 3
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 3,375,000
Disposals (300,000 )
Revaluations (110,000)
Transfers -
As at 31 December 2024 2,965,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 2,821,393 3,171,393
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
5. Stocks
2024 2023
£ £
Development properties 2,575,000 3,020,354
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,725,637 2,879,556
Loans receivable < 1 year 10,880,769 12,174,450
Other debtors 806,764 2,176
Deferred tax current asset 169,328 -
Amounts owed by group undertakings 21,510,377 12,096,217
36,092,875 27,152,399
Due after more than one year
Loans receivable > 1 year - 2,093,606
36,092,875 29,246,005
Loans receivable are made up of bridging and development loans and are secured against a charge on the asset to which the loan relates.
Amounts owed from group undertakings are interest free and repayable on demand.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 9,483,374 9,891,784
Accruals and deferred income 113,454 9,590
Directors' loan accounts 651,371 594,131
Amounts owed to group undertakings 6,124,333 -
16,372,532 10,495,505
Amounts owed to group undertakings are interest free and payable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 27,907,844 25,655,431
The loan from MHD Investments Limited attracts interest at 4.75% above the Bank of England base rate repayable annually. The final repayment date is 60 months after the initial drawdown date. The loan is secured against the property and assets of the company by way of a fixed and floating charge.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
10. Reserves
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of assets revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows:
Profit and (loss) distributable
As at 31/12/2024 - (£2,349,261)
As at 31/12/2023 - (£725,501)
Profit and (loss) non-distributable
As at 31/12/2024 - (£298,340)
As at 31/12/2023 - £164,922
11. 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.
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. 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 control 100% of the shares of DCI 4 Limited.
14. Audit Information
The auditor's report on the accounts of DCI 4 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 & Business Advisers Limited , Statutory Auditor.
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11 - 13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 5