33056583 2025-01-01 2025-12-31 1 33056583 2025-01-01 2025-12-31 33056583 2025-01-01 2025-12-31 2 33056583 2025-01-01 2025-12-31 1 33056583 2025-01-01 2025-12-31 1 33056583 2025-01-01 2025-12-31 2 33056583 2025-01-01 2025-12-31 3 33056583 2024-01-01 2024-12-31 33056583 2025-12-31 33056583 2024-12-31 33056583 2024-01-01 d:ContributedCapitalMember 33056583 2024-01-01 d:RetainedEarningsMember 33056583 2024-01-01 2024-12-31 d:RetainedEarningsMember 33056583 2025-01-01 d:ContributedCapitalMember 33056583 2025-01-01 d:RetainedEarningsMember 33056583 2025-01-01 2025-12-31 d:RetainedEarningsMember 33056583 2025-12-31 d:ContributedCapitalMember 33056583 2025-12-31 d:RetainedEarningsMember 33056583 2025-01-01 d:LandAndBuildingsMember 33056583 2025-01-01 2025-12-31 d:LandAndBuildingsMember 33056583 2025-12-31 d:LandAndBuildingsMember 33056583 2025-12-31 d:LongtermMortgageLoansMember 33056583 2025-12-31 d:DepositsLongtermLiabilitiesOtherThanProvisionsMember iso4217:DKK xbrli:pure (venstre underskriver) (venstre underskriver) (venstre underskriver) (venstre underskriver) (venstre underskriver) Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Bavnehøjvej 5 6700 Esbjerg 2025-01-01 2025-12-31 2024-01-01 2024-12-31 33056583 Sahara 4 ApS Sahara 4 6700 Esbjerg 2010-07-01 Esbjerg (venstre underskriver) EY Godkendt Revisionspartnerselskab EY Godkendt Revisionspartnerselskab 30700228 30700228 Bavnehøjvej 5 Bavnehøjvej 5 6700 Esbjerg 6700 Esbjerg Danmark Danmark +45 73 23 30 00 +45 73 23 30 00 2026-05-08 Tonny Klein Regnskabsklasse B Andre erklæringer uden sikkerhed true true 2026-05-08 2026-05-08 CaseWare Working Papers Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Sahara 4 ApS for the financial year 1 January - 31 December 2025. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Board of Directors and the Executive Board have considered the criteria for omission of audit to be met. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January - 31 December 2025. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Esbjerg Tonny Klein Rune Værndal Chairman Tonny Klein Patrick Jacques Joseph Gilly To the general management of Sahara 4 ApS We have compiled the financial statements of Sahara 4 ApS for the financial year 1 January - 31 December 2025 based on the Company's bookkeeping and other information provided.The financial statements comprise an income statement, balance sheet, statement of changes in equity and notes, including accounting policies.We performed this compilation engagement in accordance with ISRS 4410 Compilation Engagements.We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements in the Danish Auditors Act and International Ethics Standards Board for Professional Accountants' International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care.The financial statements and the accuracy and completeness of the information used to compile the financial statements are your responsibility.Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile the financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Statements Act. Esbjerg Morten Østergaard Koch Mads Klausen State Authorised Public Accountant mne35420 State Authorised Public Accountant mne46588 The Company's purpose is investment and rental of real estate to group entity. The income statement for 2025 shows a profit of DKK 735 thousand against a profit of DKK 931 thousand last year, and the balance sheet at 31 December 2025 shows equity of DKK 4,710 thousand. Management considers the Company's financial performance in the year satisfactory. No events materially affecting the Company's financial position have occurred subsequent to the financial year-end. 1165000 1247000 143000 143000 1022000 1104000 302000 389000 378000 299000 946000 1194000 211000 263000 735000 931000 735000 931000 24758000 5497000 24758000 5497000 24758000 5497000 339000 0 0 5583000 339000 5583000 697000 241000 1036000 5824000 25794000 11321000 80000 80000 4630000 3895000 4710000 3975000 651000 517000 651000 517000 5817000 6045000 637000 220000 6454000 6265000 228000 218000 11510000 0 271000 0 12000 11000 1605000 0 77000 169000 276000 166000 13979000 564000 20433000 6829000 25794000 11321000 80000 2964000 931000 80000 3895000 735000 80000 4630000 The Company's share capital has remained unchanged DKK 80 thousand since the establishment. The annual report of Sahara 4 ApS for 2025 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities. The accounting policies used in the preparation of the financial statements are consistent with those of last year. Reporting currencyThe financial statements are presented in Danish kroner (DKK'000). The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.Revenue from the rental of real estate is recognised in the income statement in the periods to which the rental income relates.Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue. The items revenue and external expenses have been aggregated into one item in the income statement called gross profit in accordance with section 32 of the Danish Financial Statements Act. Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. The item comprises depreciation of property, plant and equipment.The basis of depreciation, which is calculated as cost less any residual value, is depreciated on a straight line basis over the expected useful life. The expected useful lives of the assets are as follows:Buildings 25 years Depreciation is based on the residual value of the asset and is reduced by impairment losses, if any. The depreciation period and the residual value are determined at the acquisition date and are reassessed annually. Where the residual value exceeds the carrying amount of the asset, no further depreciation charges are recognised.In the case of changes in the depreciation period or the residual value, the effect on the depreciation charges is recognised prospectively as a change in accounting estimates.Land is not depreciated. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.The entity is jointly taxed with other group entities. The total Danish income tax charge is allocated between profit/loss-making Danish entities in proportion to their taxable income (full absorption).Jointly taxed entities entitled to a tax refund are reimbursed by the management company based on the rates applicable to interest allowances, and jointly taxed entities which have paid too little tax pay a surcharge according to the rates applicable to interest surcharges to the management company. Property, plant and equipmentItems of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until the time at which the asset is ready for use.Gains or losses are calculated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses from the disposal of property, plant and equipment are recognised in the income statement as other operating income or other operating expenses. The carrying amount of property, plant and equipment and investments in group entities is assessed for impairment on an annual basis.Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount).The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life.Previously recognised impairment losses are reversed when the reason for recognition no longer exists. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.Receivables are measured at amortised cost.An impairment loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on an individual basis. Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years. Proposed dividendsDividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Other payablesThe Company has chosen IAS 39 as interpretation for liabilities. Other payables are measured at net realisable value. Prepayments received from customers comprise prepayments received related to rental income for the coming financial year. 0 0 299000 293000 3000 96000 77000 227000 134000 36000 7434000 19404000 26838000 1937000 143000 2080000 24758000 6045000 228000 5817000 4805000 637000 0 637000 0 The Company is jointly taxed with the ultimate parent company, Velacur Holding ApS. The companies included in the joint taxation have joint and several unlimited liability for Danish corporation taxes and withholding taxes on dividends, interest and royalties As security for mortage debt of DKK 6,045 thousand, the Company has provided security in buildings with a carrying amount of DKK 5,354 thousand at 31 December 2025. Information about consolidated financial statements ParentDomicileRequisitioning of the parent company's consolidated financial statements Velacur Holding ApSEsbjergwww.cvr.dk