Palm Tree Capital UK Limited - Accounts to registrar (filleted) - small 18.2
Palm Tree Capital UK Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2020 |
for |
Palm Tree Capital UK Limited |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Palm Tree Capital UK Limited |
Company Information |
for the Year Ended 31 December 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Balance Sheet |
31 December 2020 |
31.12.20 | 31.12.19 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Investments | 6 |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
1. | STATUTORY INFORMATION |
Palm Tree Capital UK Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
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 |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 January 2020 |
and 31 December 2020 |
AMORTISATION |
At 1 January 2020 |
Charge for year |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
6. | FIXED ASSET INVESTMENTS |
Interest |
in joint |
venture |
£ |
COST |
Additions |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
6. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Joint venture |
Registered office: Hardenbergstraße 28, 10623 Berlin, Germany |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves | ( |
) |
Loss for the year | ( |
) |
Accounts for Primrose Limited & Co. Hotelbetriebs KG as at 31 December 2020 are not yet available. |
The company is the Limited Partner in Primrose Limited & Co. Hotelbetriebs KG and shares control with the General Partner of the partnership under a limited partnership agreement. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Amounts owed to group undertakings |
Amounts owed to joint ventures | 1,050 | 150 |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2020 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2020 | ( |
) |
Palm Tree Capital UK Limited (Registered number: 07387484) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
10. | ULTIMATE PARENT COMPANY |
The ultimate and immediate parent company is Falcon Universal Limited, a company incorporated in Seychelles. |