REGISTERED NUMBER: 13217260 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BO UK MPV, LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Ms P L Gibson

Mr A F Murff

Mr C R Neblett

Secretary:

Vistra Cosec Limited

Registered office:

First Floor

10 Templeback

Bristol

BS1 6FL

Registered number:

13217260 (England and Wales)

Auditors:

Fuller & Roper Limited

Chartered Accountants and Statutory Auditors

12 Old Mills Industrial Estate

Paulton

BS39 7SU

FIXED ASSETS

Investments

4

79,205

67,920

CURRENT ASSETS

Debtors

5

225

1

Cash at bank

94,486

32,080

94,711

32,081

CREDITORS

Amounts falling due within one year

6

(18,581

)

(8,730

)

NET CURRENT ASSETS

76,130

23,351

TOTAL ASSETS LESS CURRENT LIABILITIES

155,335

91,271

CAPITAL AND RESERVES

Called up share capital

7

1

1

Capital contribution reserve

8

250,000

100,000

Retained earnings

8

(94,666

)

(8,730

)

SHAREHOLDERS' FUNDS

155,335

91,271

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:

Ms P L Gibson - Director

1.	STATUTORY INFORMATION

BO UK MPV, LTD 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.

The Company’s functional and presentational currency is US Dollars (USD) and the financial statements have been rounded to the nearest dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments are measured at cost less impairment.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

Investments

$

Cost

At 1 January 2022

67,920

Additions

180,016

Repayment of capital

(92,538

)

Impairments

(76,193

)

At 31 December 2022

79,205

Net book value

At 31 December 2022

79,205

At 31 December 2021

67,920

Fixed asset investments represents an investment in Banner Oak BOV UK, LP.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

$

$

Other debtors

1

1

Prepayments

224

-

225

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

$

$

Amounts owed to group undertakings

10,665

1,421

Accrued expenses

7,916

7,309

18,581

8,730

The amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

$

$

1

Ordinary

1

1

1

8.

RESERVES

Capital

Retained

contribution

earnings

reserve

Totals

$

$

$

At 1 January 2022

(8,730

)

100,000

91,270

Deficit for the year

(85,936

)

(85,936

)

Capital contribution

-

150,000

150,000

At 31 December 2022

(94,666

)

250,000

155,334

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Roper (Auditor)

for and on behalf of Fuller & Roper Limited

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of BOCP LP-B, LLC a limited liability company registered in the state of Texas, USA. The directors of the company are considered to be the ultimate controlling party.