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Registered number: 08974504 KARLIN REAL ESTATE UK LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
KARLIN REAL ESTATE UK LIMITED
COMPANY INFORMATION
Directors | D A Cohen
| M B Schwab
Company secretary | Dentons Secretaries Limited
Registered number | 08974504
Registered office | 3rd Floor
| 43 - 45 Dorset Street
| London
| England
| W1U 7NA
Independent auditors | ZEDRA Audit & Assurance (UK) Limited
KARLIN REAL ESTATE UK LIMITED
CONTENTS
| Page
Balance Sheet | 1
Notes to the Financial Statements | 2 - 4
KARLIN REAL ESTATE UK LIMITED REGISTERED NUMBER:08974504
BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 1,249,337 |  | 1,220,783 |
Cash at bank and in hand |  | 48,830 |  | 45,433 |
|  | 1,298,167 |  | 1,266,216 |
Creditors: amounts falling due within one year | 5 | (1,209,385) |  | (1,178,216) |
Net current assets |  |  | 88,782 |  | 88,000
Total assets less current liabilities |  |  | 88,782 |  | 88,000
Net assets |  |  | 88,782 |  | 88,000
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 1 |  | 1
Profit and loss account |  |  | 88,781 |  | 87,999
|  |  | 88,782 |  | 88,000
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
M B Schwab
Director
Date: 28 May 2026
The notes on pages 2 to 4 form part of these financial statements. Page 1
KARLIN REAL ESTATE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1. Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 1.2 | Going concern
The directors have considered the strategic importance of the Company and its role in holding guarantees for other companies within the Karlin group. They do not believe that the Company will be required in the near future and as a result, they have decided to discontinue operating activities whilst they consider alternative methods of maintaining guarantees. For this reason, these financial statements are prepared on a basis other than going concern.
| 1.3 | Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rendering of services Turnover is recognised on a cost plus 5% basis, in line with the intercompany service agreement with the ultimate parent company. Intercompany turnover is recognised when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the intercompany service agreement; ∙the costs incurred under the intercompany service agreement can be measured reliably.
| 1.4 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 1.5 | Debtors
Short term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand. Page 2
KARLIN REAL ESTATE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1. Accounting policies (continued)
| 1.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
| 1.7 | Creditors
Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.
2. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. In their report, the auditors emphasised the following matter without qualifying their report: We draw attention to note 1.2 to the financial statements which explains that the directors have discontinued operating activities and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Therefore, the directors have prepared the financial statements on a basis other than going concern. The audit report was signed on 2 June 2026 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Audit & Assurance (UK) Limited.
3. | Employees
| There were no employees of the Company during the year (2024: 0).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 1,249,337 | 1,220,783
|  | 1,249,337 | 1,220,783
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KARLIN REAL ESTATE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 12,361 | 14,113
| Amounts owed to group undertakings | 1,161,119 | 1,111,119
| Corporation tax | 1,945 | 3,664
| Accruals and deferred income | 33,960 | 49,320
|  | 1,209,385 | 1,178,216
6. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
7. | Controlling party
Karlin Asset Management, Inc. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the ultimate parent company is 11755 Wilshire Blvd., Suite 1400, Los Angeles, CA 90025 USA.
8. | Post balance sheet events
There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.
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