District and County Investments Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—8

1. General Information

District and County Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05120263 . The registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

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 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. Turnover

Revenue, derived from ordinary activities and excluding VAT where applicable, comprises interest and arrangement fee income in relation to bridging loans issued, measured at amortised cost and recognised as they become due.

Rental income receivable from investment properties is recognised on an accruals basis.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Leasehold	0-25% Straight line
Plant and machinery	25% Straight line
Motor vehicles	Straight line over 3 years
Fixtures and fittings	25% Straight line
Computer equipment	25% Straight line

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. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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.

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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Investment in subsidiaries

Investments in subsidiaries are held at cost less accumulated impairment losses.

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	10	9

	10	9

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	87,159	47,557	134,716
Additions	-	44,371	44,371

As at 31 December 2025	87,159	91,928	179,087

Depreciation
As at 1 January 2025	3,317	26,797	30,114
Provided during the period	3,790	13,706	17,496

As at 31 December 2025	7,107	40,503	47,610

Net Book Value
As at 31 December 2025	80,052	51,425	131,477

As at 1 January 2025	83,842	20,760	104,602

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	6,567,870
Depreciation and impairment	(33,934 )

As at 31 December 2025	6,533,936

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	6,567,870	6,567,870
Accumulated depreciation and impairment	33,934	16,967

Carrying amount	6,533,936	6,550,903

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.

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	104,710
Additions	100

As at 31 December 2025	104,810

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	104,810

As at 1 January 2025	104,710

The company owns 100% ordinary share capital of the following companies:

DCI 2 Limited - a company registered in England and Wales. DCI 2 Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

DCI 3 Limited - a company registered in England and Wales. DCI 3 Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

DCI 4 Limited - a company registered in England and Wales. DCI 4 Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

DCI 5 Limited - a company registered in England and Wales. DCI 5 Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

DCI 6 Limited - a company registered in England and Wales. DCI 5 Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

Appleoak Limited - a company registered in Gibraltar. Appleoak Limited registered office is No. 1 Grand Ocean Plaza, Ocean Village, Gibraltar, GX11 1AA.

District and County Developments Limited - a company registered in England and Wales. District and County Developments Limited registered office is Suite 6, Switch House, Northern Perimeter Road, Liverpool, L30 7PT.

...CONTINUED

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments - continued

DCI 2 Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	3,065,585	1,920,042
Profit for the period	1,145,543	813,969

DCI 3 Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	983,421	775,025
Profit for the period	208,396	467,189

DCI 4 Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	(4,201,859)	(2,647,501)
Profit for the period	(1,554,358)	(2,087,022)

DCI 5 Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	(192,256)	(54,118)
Profit for the period	(138,138)	(51,307)

Appleoak Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	342,652	351,280
Profit for the period	(8,628)	187,297

District and County Developments Limited financial information for period ended 31 December 2025:

	2025	2024
	£	£
Capital and reserves	(6,271)	(5,244)
Profit for the period	(1,027)	(5,245)

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	48,194	13,859
Prepayments and accrued income	33,034	19,910
Other debtors	45,417	44,917
Deferred tax current asset	23,181	22,435
Amounts owed by group undertakings	21,450,835	15,221,503

	21,600,661	15,322,624

Amounts owed from group undertakings are interest free and repayable on demand.

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,959	-
Trade creditors	38,382	19,567
Other taxes and social security	87,783	16,556
Other creditors	9,732	28,845
Accruals and deferred income	30,495	27,536
Amounts owed to group undertakings	26,488,200	19,568,998

	26,660,551	19,661,502

Amounts owed to group undertakings are interest free and payable on demand.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,838	-

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,959	-
Later than one year and not later than five years	23,838	-

	29,797	-

	29,797	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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District and County Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £4,248 (2024: £2,052) were due to the fund. They are included in Other Creditors.

13. 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.

14. Controlling Party

In the directors' opinion there is no ultimate controlling party.

15. Audit Information

The auditor's report on the accounts of District and County Investments Limited for the year ended 31 December 2025 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

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		131,477		104,602
Investment Properties	5		6,533,936		6,550,903
Investments	6		104,810		104,710

			6,770,223		6,760,215
CURRENT ASSETS
Debtors	7	21,600,661		15,322,624
Cash at bank and in hand		1,332,723		709,916

		22,933,384		16,032,540
Creditors: Amounts Falling Due Within One Year	8	(26,660,551 )		(19,661,502 )

NET CURRENT ASSETS (LIABILITIES)			(3,727,167 )		(3,628,962 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,043,056		3,131,253

Creditors: Amounts Falling Due After More Than One Year	9		(23,838 )		-

NET ASSETS			3,019,218		3,131,253

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			3,019,118		3,131,153

SHAREHOLDERS' FUNDS			3,019,218		3,131,253