REGISTERED NUMBER: 06665997 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Primrose Capital (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H.E Dr A M A B N Almazrouei

Mr Q H Bhatti

SECRETARY:

Oakwood Corporate Secretary Limited

REGISTERED OFFICE:

3rd Floor

1 Ashley Road

Altrincham

Cheshire

WA14 2DT

REGISTERED NUMBER:

06665997 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Investments

5

-

417,399

CURRENT ASSETS

Debtors

6

16,519

22,924

CREDITORS

Amounts falling due within one year

7

189,441

189,350

NET CURRENT LIABILITIES

(172,922

)

(166,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(172,922

)

250,973

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Share premium

9

416,400

416,400

Retained earnings

9

(590,322

)

(166,427

)

SHAREHOLDERS' FUNDS

(172,922

)

250,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 8 October 2025 and were signed on its behalf by:

Mr Q H Bhatti - Director

1.	STATUTORY INFORMATION

Primrose Capital (UK) Limited 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Investments in joint ventures

An entity is treated as a joint venture where the company holds a long term interest and shares control under a contractual agreement.

Investments in joint ventures are recognised at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 January 2024

417,399

Impairments

(417,399

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

417,399

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Primrose GMBH & Co. Hotelbetriebs KG

Registered office: Hardenbergstraße 28, 10623 Berlin, Germany

Nature of business: Hotel

%

Class of shares:

holding

Partnership interest

31.12.24

31.12.23

£

£

Aggregate capital and reserves

-

(69,355,335

)

Loss for the year

-

(5,729,179

)

The company was the General Partner in Primrose Limited & Co. Hotelbetriebs KG and shared control with the Limited Partner of the partnership under a limited partnership agreement. On 15 August 2024 the company withdrew from this partnership.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by joint ventures

-

22,924

Other debtors

16,519

-

16,519

22,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

187,551

187,550

Other creditors

1,890

1,800

189,441

189,350

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(166,427

)

416,400

249,973

Deficit for the year

(423,895

)

(423,895

)

At 31 December 2024

(590,322

)

416,400

(173,922

)

10.	ULTIMATE PARENT COMPANY

The ultimate and immediate parent company is Falcon Universal Limited, a company incorporated in Seychelles.