BC RE UK MIDCO LIMITED

Company Registration Number:
09289019 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 October 2021

End date: 31 December 2022

BC RE UK MIDCO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

BC RE UK MIDCO LIMITED

Balance sheet

As at 31 December 2022


Notes

15 months to 31 December 2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 34,621,004 1,919,426
Total fixed assets: 34,621,004 1,919,426
Current assets
Stocks: 0 0
Debtors: 4 19,300,093 3,514,258
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 19,300,093 3,514,258
Creditors: amounts falling due within one year: 5 (173,394) 0
Net current assets (liabilities): 19,126,699 3,514,258
Total assets less current liabilities: 53,747,703 5,433,684
Creditors: amounts falling due after more than one year: 6 (48,340,950) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 5,406,753 5,433,684
Capital and reserves
Called up share capital: 1,009,000 1,009,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 4,397,753 4,424,684
Shareholders funds: 5,406,753 5,433,684

The notes form part of these financial statements

BC RE UK MIDCO LIMITED

Balance sheet statements

For the year ending 31 December 2022 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.

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

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Peter Cameron
Status: Director

The notes form part of these financial statements

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

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

Valuation and information policy

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Other accounting policies

Derecognition of financial liabilities: Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

15 months to 31 December 2022 2021
Average number of employees during the period 0 0

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed investments

Subsidiary undertakings The following were subsidiary undertakings of the Company: Name Registered office Class of shares Holding Fernhill House Limited England Ordinary 100% Berkley Care Fernhill Limited England Ordinary 100% Berkley Care 3 Limited England Ordinary 100% Reflections Care Home Limited England Ordinary 100%

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

15 months to 31 December 2022 2021
££
Debtors due after more than one year: 19,300,093 3,514,258

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Amounts owed to group undertakings 168,594 (31.12.2022) 0 (30.09.2021) Accruals and deferred income 4,800 (31.12.2022) 0 (30.09.2021) Total = 173,394 (31.12.2022) 0 (30.09.2021)

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

Amounts owed to group undertakings 48,340,950 (31.12.2022) 0 (30.09.2021)

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Related party transactions

The Company has taken advantage of the available exemption conferred by Section 1AC.35 of FRS 102 not to disclose transactions with wholly owned members of the group.

BC RE UK MIDCO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Post balance sheet events

On 10 April 2024, Clariane SE sold its assets in the United Kingdom to Elevation Healthcare Property, a UK investment fund specialising in healthcare real estate, managed by Elevation Advisors LLP.