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REGISTERED NUMBER: 13925755 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 FEBRUARY 2022 TO 31 DECEMBER 2022

FOR

PRIMONIAL REIM UK LTD

PRIMONIAL REIM UK LTD (REGISTERED NUMBER: 13925755)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 18 FEBRUARY 2022 TO 31 DECEMBER 2022

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Chartered Accountants' Report | 5 |

PRIMONIAL REIM UK LTD

COMPANY INFORMATION

FOR THE PERIOD 18 FEBRUARY 2022 TO 31 DECEMBER 2022

| DIRECTORS: | S G F Marguier

| Ms S L Burrows

| REGISTERED OFFICE: | 28 Grosvenor Street

| London

| United Kingdom

| W1K 4QR

| REGISTERED NUMBER: | 13925755 (England and Wales)

| ACCOUNTANTS: | Cox Costello & Horne

| Chartered Accountants and Tax Advisors

| Batchworth Lock House

| 99 Church Street, Rickmansworth

| WD3 1JJ

PRIMONIAL REIM UK LTD (REGISTERED NUMBER: 13925755)

BALANCE SHEET

31 DECEMBER 2022

| Notes | £ | £

| FIXED ASSETS

| Tangible assets | 4 | 10,192 |  |

| CURRENT ASSETS

| Debtors | 5 | 69,883 |  |  |

| Cash at bank | 111,644 |  |  |

181,527 |  |

| CREDITORS

| Amounts falling due within one year | 6 | 938,170 |  |

| NET CURRENT LIABILITIES | (756,643 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | (746,451 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 835 |  |

| Retained earnings | (747,286 | ) |

(746,451 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 4 October 2023 and were signed on its behalf by:

Ms S L Burrows - Director

PRIMONIAL REIM UK LTD (REGISTERED NUMBER: 13925755)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 18 FEBRUARY 2022 TO 31 DECEMBER 2022

1. | STATUTORY INFORMATION

| Primonial Reim Uk 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.

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.

| Going concern

| The company meets its day-to-day working capital requirements through its support from group companies. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on cost

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

| a) Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| b) Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash at bank

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PRIMONIAL REIM UK LTD (REGISTERED NUMBER: 13925755)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 18 FEBRUARY 2022 TO 31 DECEMBER 2022

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 .

4. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| Additions | 11,705 |  |

| At 31 December 2022 | 11,705 |  |

| DEPRECIATION

| Charge for period | 1,513 |  |

| At 31 December 2022 | 1,513 |  |

| NET BOOK VALUE

| At 31 December 2022 | 10,192 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| £

| Other debtors | 69,883 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| £

| Trade creditors | 19,482 |  |

| Amounts owed to group undertakings | 891,421 |  |

| Taxation and social security | 27,267 |  |

938,170 |  |

7. | ULTIMATE CONTROLLING PARTY

| The ultimate parent undertaking and controlling party is Primonial REIM (a private limited company incorporated in France). The registered office address of Primonial REIM is 36 rue de Naples, 75008 Paris, France.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

PRIMONIAL REIM UK LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primonial Reim Uk Ltd for the period ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Primonial Reim Uk Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primonial Reim Uk Ltd and state those matters that we have agreed to state to the Board of Directors of Primonial Reim Uk Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primonial Reim Uk Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primonial Reim Uk Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Primonial Reim Uk Ltd. You consider that Primonial Reim Uk Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Primonial Reim Uk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cox Costello & Horne

Chartered Accountants and Tax Advisors

Batchworth Lock House

99 Church Street, Rickmansworth

WD3 1JJ

4 October 2023