0 18 December 2025 false false false false false false false false false false true false false false false true false No description of principal activity 2024-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI619031 2024-10-01 2025-09-30 NI619031 2025-09-30 NI619031 2024-09-30 NI619031 2023-10-01 2024-09-30 NI619031 2024-09-30 NI619031 2023-09-30 NI619031 bus:Director1 2024-10-01 2025-09-30 NI619031 core:WithinOneYear 2025-09-30 NI619031 core:WithinOneYear 2024-09-30 NI619031 core:ShareCapital 2025-09-30 NI619031 core:ShareCapital 2024-09-30 NI619031 core:RetainedEarningsAccumulatedLosses 2025-09-30 NI619031 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI619031 bus:SmallEntities 2024-10-01 2025-09-30 NI619031 bus:Audited 2024-10-01 2025-09-30 NI619031 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 NI619031 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 NI619031 bus:AbridgedAccounts 2024-10-01 2025-09-30
COMPANY REGISTRATION NUMBER: NI619031

Ducales Asset No.3 Limited

Filleted Abridged Financial Statements

30 September 2025

Ducales Asset No.3 Limited

Abridged Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £

Current assets

Stocks | 2,178,509 | 2,178,509
Debtors | 26,601 | 22,569
Cash at bank and in hand | 70,910 | 90,106
| ------------ | ------------
| 2,276,020 | 2,291,184

Creditors: amounts falling due within one year | ( 892,875) | ( 941,320)
| ------------ | ------------
Net current assets | 1,383,145 | 1,349,864
| ------------ | ------------
Total assets less current liabilities | 1,383,145 | 1,349,864
| ------------ | ------------
Net assets | 1,383,145 | 1,349,864
| ------------ | ------------

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | 1,383,143 | 1,349,862
| ------------ | ------------
Shareholders' funds | 1,383,145 | 1,349,864
| ------------ | ------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of abridged financial statements for the year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

T J Jennings CBE |
Director |

Company registration number: NI619031

Ducales Asset No.3 Limited

Accounting Policies

Year ended 30 September 2025
Basis of preparation
The financial statements have been prepared on the going concern basis, under the historical cost convention and in accordance with the Companies Act 2006 and applicable United Kingdom accounting standards. The principal accounting policies adopted are set out below.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.
Cash flow statement
The company is a wholly owned subsidiary company of a group headed by Ducales Capital Limited and is included in the consolidated financial statements of that company, which are publicly available. Consequently, the company has taken advantage of the exemption within FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' from preparing a cash flow statement.
Revenue recognition
Turnover represents residential rental income and trading property sales during the year. Turnover is recognised at the point at which the services are provided.
Income tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Ducales Asset No.3 Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Talbot Street, Saint Anne's Square, Belfast, BT1 2NF.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3. Employee numbers
The company has no employees other than the directors.
4. Summary audit opinion
The auditor's report dated 18 December 2025 was unqualified .
The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .
5. Related party transactions
Advantage has been taken of the exemption not to disclose related party transactions that are part of the group, provided that any subsidiary involved is wholly owned.
6. Controlling party
The company's immediate holding company is Ducales Trading No.1 Limited, a company incorporated in Northern Ireland. This company does not prepare consolidated financial statements. The company's ultimate holding company is Ducales Capital Limited, a company incorporated in Northern Ireland. Group financial statements for this company are available to the public from Companies House, Second Floor, The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG. The ultimate controlling parties are the shareholders of Ducales Capital Limited.