BGO ARK HOLDCO LIMITED

Company Registration Number:
13514399 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

BGO ARK HOLDCO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BGO ARK HOLDCO LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The Company was formed as a private company limited by shares to acquire and hold BGO Ark PropCo Limited (the 'Investment'). The Company qualifies as a small company as defined in the Companies Act 2006 in respect of the financial year, and has applied the rules of the ‘Small Companies Regime’ in accordance with applicable sections of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Ian Christopher Jason Ford
Gareth James Purcell


Secretary Citco REIF Services UK Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 August 2024

And signed on behalf of the board by:
Name: Ian Christopher Jason Ford
Status: Director

BGO ARK HOLDCO LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Administrative expenses: ( 23,551 ) ( 16,946 )
Operating profit(or loss): (23,551) (16,946)
Interest receivable and similar income: 705 3
Interest payable and similar charges: ( 4 ) ( 720 )
Profit(or loss) before tax: (22,850) (17,663)
Profit(or loss) for the financial year: (22,850) (17,663)

BGO ARK HOLDCO LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 6,201,757 5,403,757
Total fixed assets: 6,201,757 5,403,757
Current assets
Debtors: 4 1 1
Cash at bank and in hand: 0 730
Total current assets: 1 731
Creditors: amounts falling due within one year: 5 ( 14,657 ) ( 26,536 )
Net current assets (liabilities): (14,656) (25,805)
Total assets less current liabilities: 6,187,101 5,377,952
Total net assets (liabilities): 6,187,101 5,377,952
Capital and reserves
Called up share capital: 1,500 900
Share premium account: 6,234,257 5,402,857
Profit and loss account: (48,656 ) (25,805 )
Total Shareholders' funds: 6,187,101 5,377,952

The notes form part of these financial statements

BGO ARK HOLDCO LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Ian Christopher Jason Ford
Status: Director

The notes form part of these financial statements

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Investment in subsidiaries Investments are reviewed for impairment at each reporting date. Impairment exists when there are events or changes in circumstance that indicate that the carrying amount may not be recoverable. Impairment is measured as the difference between the carrying value and the recoverable amount, and is recorded in the Statement of Comprehensive Income. Trade and other receivables Trade receivables are initially recognized at transaction price. Trade receivables include interest receivable. A provision against trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the debtor. Cash and cash equivalents Cash and cash equivalents are carried at cost and consist of cash in hand and short term deposits in banks with an original maturity of three months or less. Trade payables Trade payables includes accounts payable for professional services received by the Company. Intercompany loans Loans are recorded at principal, less any repayments to date. Interest and fees on the loans are recorded in the Statement of Comprehensive Income on an accrual basis. Expenses Expenses are recognized on an accruals basis as soon as there is a legal or constructive obligation committing the Company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Foreign currency translation The Company maintains its accounts in GBP. Transactions expressed in currencies other than GBP are translated into GBP at the exchange rate effective at the time of the transaction. Share capital and share premium Capital transactions are recorded as equity. Taxation Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using tax rates and laws that have been enacted or subsequently enacted by the reporting date. Cash flow statement Under FRS 102 Section 1A, as a qualifying entity the Company is exempt from the requirement to prepare a cash flow statement on the grounds that the Company qualifies as a small company.

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

The subsidiary, over which the Company exercises control via ordinary shares held directly by the company at the end of the year is: BGO Ark PropCo Limited - 100%

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 1 1
Total 1 1

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 130
Trade creditors 5,975 2,275
Accruals and deferred income 3,375 22,260
Other creditors 5,177 2,001
Total 14,657 26,536

BGO ARK HOLDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Loans to directors

The Directors did not receive any remuneration from the Company in the year and no contributions were made by the Company as at 31 December 2023 (2022: nil).