REGISTERED NUMBER: 13925755 (England and Wales)

PRAEMIA REIM UK LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

R J G Bodere

REGISTERED OFFICE:

20 North Audley Street

London

W1K 6WE

REGISTERED NUMBER:

13925755 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants and Tax Advisors

7 St John's Road

Harrow

HA1 2EY

The following reproduces the text of the report prepared for the director 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 Director's Report 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 Praemia REIM UK Ltd for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of Praemia REIM UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Praemia REIM UK Ltd and state those matters that we have agreed to state to the director of Praemia REIM UK Ltd 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 Praemia REIM UK Ltd and its director for our work or for this report.

It is your duty to ensure that Praemia 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 Praemia REIM UK Ltd. You consider that Praemia REIM UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Praemia 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

7 St John's Road

Harrow

HA1 2EY

8 October 2026

FIXED ASSETS

Tangible assets

4

1,460

4,811

CURRENT ASSETS

Debtors

5

727,754

712,978

Cash at bank

289,015

261,649

1,016,769

974,627

CREDITORS

Amounts falling due within one year

6

1,086,962

1,037,364

NET CURRENT LIABILITIES

(70,193

)

(62,737

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,733

)

(57,926

)

PROVISIONS FOR LIABILITIES

1,203

1,203

NET LIABILITIES

(69,936

)

(59,129

)

CAPITAL AND RESERVES

Called up share capital

7

835

835

Retained earnings

(70,771

)

(59,964

)

SHAREHOLDERS' FUNDS

(69,936

)

(59,129

)

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 director acknowledges his 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 director and authorised for issue on 8 October 2026 and were signed by:

R J G Bodere - Director

1.	STATUTORY INFORMATION

Praemia 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.

The prior year figures are unaudited as the Company took the exemption under Section 477 of the Companies Act 2006.

Going concern basis

The Company meets its day-to-day working capital requirements through its support from group companies. The company is financially dependent on its parent, New Praemia Holding 2, which has given an undertaking that it will continue to support the company. 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the 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.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as turnover. Turnover is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Accrued income represents a best estimate of the recoverable fair value of work done on client matters at the year end after deducting amounts in respect of matters, where the right to consideration depends on future events.

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

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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.

c) Cash at bank

Cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances 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 year 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.

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 year 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.

Foreign currencies

The Company's functional and presentation currency is the pound sterling. These financial statements are presented in pound sterling and rounded to the nearest pound.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs

The company operates, for the benefit of its employees, a defined contribution scheme. The scheme is funded by the payment of contributions to trustee administered funds which are kept entirely separate from the assets of the company. The company does not operate any defined benefit retirement arrangements.

The pension costs represents contributions payable under the scheme and the company has no liability under the scheme other than for the payment of those contributions.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

7,353

5,018

12,371

DEPRECIATION

At 1 January 2025

4,592

2,968

7,560

Charge for year

1,991

1,360

3,351

At 31 December 2025

6,583

4,328

10,911

NET BOOK VALUE

At 31 December 2025

770

690

1,460

At 31 December 2024

2,761

2,050

4,811

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

423,651

80

Amounts owed by group undertakings

227,780

617,139

Other debtors

76,323

95,759

727,754

712,978

Amounts owed by the group undertakings are unsecured, payable on demand and accrue interest at 4.21%.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

14,819

12,252

Amounts owed to group undertakings

708,849

765,687

Taxation and social security

44,741

24,623

Other creditors

318,553

234,802

1,086,962

1,037,364

Amounts owed by the group undertakings are unsecured, payable on demand and accrue interest at 4.21%.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

€1

835

835

8.	RELATED PARTY DISCLOSURES

At the reporting date, the amount due from group undertakings was £227,780 (Euro equivalent €261444)) (2024: £617,139 (Euro equivalent €746,672)). At the reporting date, the amount due to group undertakings was £708,849 (Euro equivalent €824,083)) (2024 : £765,687 (Euro equivalent €926,405)). Outstanding amounts are unsecured, attracts interest, have no fixed terms of repayment, and is considered payable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is Praemia REIM (a private limited company incorporated in France). The registered office address of Praemia REIM is 10 rue du général Foy, 75008 Paris, France