ACCOUNTS - Final Accounts preparation

Registered number: 01025092

DF PROPERTY PORTFOLIO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

DF PROPERTY PORTFOLIO LIMITED

REGISTERED NUMBER: 01025092

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	5		1		1
			1		1
Current assets
Debtors: amounts falling due within one year	6	30,879		30,879
		30,879		30,879
Total assets less current liabilities			30,880		30,880

Net assets			30,880		30,880

Capital and reserves
Called up share capital	8	21,786	21,786
Profit and loss account		9,094	9,094
		30,880	30,880

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 September 2025.

Jaymin Harshad Chhaya

Director

The notes on pages 2 to 4 form part of these financial statements.

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DF PROPERTY PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

DF Property Portfolio 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..

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Financial Reporting Standard 102-reduced disclosure exemption

The Company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
• the requirement of Section 7 Statement of Cashflows;
• the requirements of Section 3 Financial Statement Presentation paragraph 3,17 (d).
This information is included in the consolidated financial statements of Exela Technologies Inc as at 31 December 2024 and these financial statements may be obtained from 2701 E Grauwyler Road, Irving, Texas 75061..

2.3

Exemption from preparing consolidated financial statements

The Company is a parent compay that is also a subsidiary included in the consolidated financial statements of larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006

2.4

Going concern

The financial statements have been prepared on the basis there is material uncertainity relating to the going conern. This is on the assumption that the Company has not been trading in recent years and the Company Directors have expressed they are considering winding up the entity.
The Directors have received confirmation from the ultimate parent company that they will continue to enable the company to meet its liabilities as they fall due, whilst they are in the process of winding up the company.

2.5

Investments in subsidiaries

Investments in subsidiaries undertakings are recognized at cost.

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DF PROPERTY PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

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.

2.7

Related party exemption

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and ' Republic of Ireland ', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 December 2023 nor for the year ended 31 December 2023.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	1
	At 31 December 2024	1

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	30,879	30,879
	30,879	30,879

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DF PROPERTY PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.Debtors (continued)

7.	Creditors: Amounts falling due within one year

8.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2,113,304 (2023 - 2,113,304) Ordinary A Share shares of £0.01 each	21,133	21,133
65,255 (2023 - 65,255) Ordinary B Share shares of £0.01 each	653	653

	21,786	21,786

Reserves

Profit and Loss Account
This reserve records retained earnings and accumulated losses.

10.	Controlling party

The company's immediate parent company is XBP Europe Inc., a company registered in the USA. The company's ultimate parent undertaking is XBP Global Holdings, Inc., incorporated in the USA, whose principle place of business is at 6641 N Belt Line Rd, Suite 100, Irving, TX 75063 and includes the company in its consolidated financial statements. The group accounts of XBP Global Holdings, Inc., prepared in accordance with US GAAP can be obtained from this address or www.sec.gov..

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 26 September 2025 by (Senior statutory auditor) on behalf of Focus Somar Audit and Tax Accountants Limited.

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