REGISTERED NUMBER: 07387484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Palm Tree 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

REGISTERED OFFICE:

3rd Floor

1 Ashley Road

Altrincham

Cheshire

WA14 2DT

REGISTERED NUMBER:

07387484 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Intangible assets

5

1

1

Investments

6

6,037,348

6,037,348

6,037,349

6,037,349

CREDITORS

Amounts falling due within one year

7

6,078,788

6,078,273

NET CURRENT LIABILITIES

(6,078,788

)

(6,078,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,439

)

(40,924

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

(42,439

)

(41,924

)

SHAREHOLDERS' FUNDS

(41,439

)

(40,924

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 22 September 2026 and were signed on its behalf by:

Mr Q H Bhatti - Director

1.	STATUTORY INFORMATION

Palm Tree 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 January 2025

and 31 December 2025

1,537

Amortisation

At 1 January 2025

and 31 December 2025

1,536

Net book value

At 31 December 2025

1

At 31 December 2024

1

6.	FIXED ASSET INVESTMENTS

Interest

in joint

Other

venture

investments

Totals

£

£

£

Cost

At 1 January 2025

6,037,348

-

6,037,348

Reclassification/transfer

(6,037,348

)

6,037,348

-

At 31 December 2025

-

6,037,348

6,037,348

Net book value

At 31 December 2025

-

6,037,348

6,037,348

At 31 December 2024

6,037,348

-

6,037,348

During the year, Primrose Capital (UK) Limited resigned as the General Partner in Primrose Limited & Co. Hotelbetriebs KG, the joint venture was dissolved and the investment is now classified as "other investments".

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

6,070,014

6,070,014

Amounts owed to joint ventures

6,854

3,170

Other creditors

1,920

5,089

6,078,788

6,078,273

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 January 2025

(41,924

)

Deficit for the year

(515

)

At 31 December 2025

(42,439

)

10.	ULTIMATE PARENT COMPANY

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