Company No: 12527102 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	16,670,000		16,800,000
		16,670,000		16,800,000
Current assets
Debtors	4	392,237		51,904
Cash at bank and in hand		78,607		254,286
		470,844		306,190
Creditors: amounts falling due within one year	5	( 787,042)		( 11,570,190)
Net current liabilities		(316,198)		(11,264,000)
Total assets less current liabilities		16,353,802		5,536,000
Creditors: amounts falling due after more than one year	6	( 20,248,097)		( 8,453,166)
Provision for liabilities		( 147,447)		( 133,721)
Net liabilities		( 4,041,742)		( 3,050,887)
Capital and reserves
Called-up share capital	7	200		200
Profit and loss account		( 4,041,942 )		( 3,051,087 )
Total shareholder's deficit		( 4,041,742)		( 3,050,887)

Included within the profit and loss account is a loss of £1,723,740 (2024: loss of £1,656,087) which relates to unrealised gains and losses, on investment properties, net of the associated deferred tax where applicable.

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of PRMO Real Estate UK Limited (registered number: 12527102) were approved and authorised for issue by the Director on 18 September 2026. They were signed on its behalf by:

I Prashkovsky Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PRMO Real Estate UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Elscot House, Arcadia Avenue, London, N3 2JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:

The company meets its day to day working capital requirements from operational cashflows, related party loans and intercompany balances with the group headed by PRMO Holdings UK Ltd.

PRMO Holdings UK Ltd and its shareholders have indicated their intention to continue to make available such funds as are needed by the company, and that they do not intend to seek repayment of the amounts currently due, during the going concern assessment period. As with any company placing reliance on other entities for financial support, the director acknowledges that there can be no certainty that this support will continue. However, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

Turnover

Revenue from letting property is recognised on straight-line basis over the term of the relevant lease. Revenue from the sale of property is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Leases

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	16,800,000
Additions	156,868
Fair value movement	(286,868)
As at 31 December 2025	16,670,000

Valuation

A full market valuation of investment property was completed by Colliers at the Balance Sheet date. The fair value of residential investment property at 31 December 2025 have been arrived at on the basis of valuations carried out on that date by external valuers having appropriate relevant professional qualifications and recent experience in the location and category of property being valued.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	18,968,319		18,811,452

4. Debtors

	2025		2024
	£		£
Trade debtors	61,020		0
Amounts owed by Group undertakings	67,321		21,263
Prepayments and accrued income	8,288		8,641
Other debtors	255,608		22,000
	392,237		51,904

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	287,560		0
Trade creditors	80,596		76,950
Amounts owed to Group undertakings	83,560		95,234
Amounts owed to related parties	0		11,116,253
Accruals and deferred income	177,541		204,264
Other taxation and social security	83,134		6,459
Other creditors	74,651		71,030
	787,042		11,570,190

Bank loans are secured against all the assets of the company (including without limitation a legal charge over the Investment Property and an assignment of all rental income generated by it).

In the year, the bank loan facility was restated to increase amortisation of the loan from £nil per quarter to £71,890 per quarter, until the Loan to Value ratio reaches 55%.

In the year, the related party loans from shareholders were amended to extend the repayment dates to from April 30, 2025 to September 1, 2028.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	8,077,663		8,453,166
Amounts owed to related parties	12,170,434		0
	20,248,097		8,453,166

Bank loans are secured against all the assets of the company (including without limitation a legal charge over the Investment Property and an assignment of all rental income generated by it).

In the year, the related party loans from shareholders were amended to extend the repayment dates to from April 30, 2025 to September 1, 2028.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200

8. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end the company owed Arie Prashkovsky Group Ltd, a 37.5% group company, £4,550,091 (2024: £4,172,133). Interest is charged at 6.5% per annum. The loan and interest repayment dates are September 1, 2028.

At the year end the company owed Massad-Oz Investments Ltd, a 12.5% group company, £1,518,132 (2024: £1,394,881). Interest is charged at 6.5% per annum. The loan and interest repayment dates are September 1, 2028.

At the year end the company owed Caesarea Medical Electronics Holding (2000) Ltd, a 50% shareholder, £6,102,211 (2024: £5,549,239). Interest is charged at 6.5% per annum. The loan and interest repayment dates are September 1, 2028.

During the year management services were provided to the company by UK OK Limited of £nil (2024: £23,139). Mr I Prashkovsky, who served as a director during the year, is also a director of UK OK Limited.