# OAKLINS DP LLC X-17A-5 (2026-02-24) — Broker-dealer annual report - Company: OAKLINS DP LLC - Form: X-17A-5 - Filed: 2026-02-24 - Period: 2025-12-31 - Accession: 0001213981-26-000005 - CIK: 1213981 - File #: 8-65749 - Type: Broker-dealer - Material weakness: No - Auditor: WithumSmith&Brown, PC - Auditor location: Whippany, NJ - Contact: Danielle Sterling - Phone: 212-686-9700 - Email: r.phillips@dp.oaklins.com - Website: oaklins.com - Signed by: Reed Phillips (Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1213981/000121398126000005/01PUBLIC.pdf --- {0}------------------------------------------------ | 8-65749 | | |---------|--| | 12/31/2025 | | | | | | |-------------------------------|------------------------------------------------|----|-------|--|--| | 01/01/2025 | | | | | | | | | | | | | | Oaklins
DP | LLC | | | | | | ■ | | | | | | | | | | | | | | 90
Park
Avenue,
24th | Floor | | | | | | | | | | | | | New
York
NY | | | 10016 | | | | | | | | | | | | | | | | | | Reed
Phillips | (212)
686-9700
r.phillips@dp.oaklins.com | | | | | | | | | | | | | | | | | | | | WithumSmith+Brown,
PC | | | | | | | | | | | | | | 200
Jefferson
Park | Whippany | NJ | 07981 | | | | | | | | | | | 10/8/2003
100 | | | | | | | | | | | | | {1}------------------------------------------------ | Reed Phillips | | | , swear (or affirm) that, to the best of my knowledge and belief, the | | |---------------|---|--|-----------------------------------------------------------------------|--| | | . | | | | | financial report pertaining to the firm of Oaklins DP LLC | | | |-----------------------------------------------------------|-------|--| | December 31. | 2 025 | | | Signature: / | | |---------------------|--| | Title:
Principal | | | | | - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ STATEMENT OF FINANCIAL CONDITION AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM DECEMBER 31, 2025 {3}------------------------------------------------ ## **CONTENTS** | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Financial Statement | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3-5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Management and Members of Oaklins DP LLC: #### Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Oaklins DP LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2014. Whippany, New Jersey February 11, 2026 {5}------------------------------------------------ # STATEMENT OF FINANCIAL CONDITION | December 31, 2025 | | |-----------------------------------|---------------| | | | | ASSETS | | | Cash | \$
130,545 | | Prepaid expenses and other assets | 1,515 | | | \$
132,060 | | | | | LIABILITIES AND MEMBERS' EQUITY | | | Liabilities
Accrued expenses | 12,374 | | Contract liabilities | 25,000 | | Intercompany payable | 2,415 | | | 39,789 | | Members' equity | 92,271 | | | \$
132,060 | {6}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS #### 1. Nature of business Oaklins DP LLC (the "Company"), which is located in New York City, is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company acts as a private placement agent for debt and equity securities for clients who are involved in the media industry. ### 2. Summary of significant accounting policies ### *Basis of Presentation* The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). These financial statements were approved by management and available for issuance on February 11, 2026. Subsequent events have been evaluated through this date. #### *Revenue Recognition* The Company recognizes revenue in accordance with ASC Topic 606, *Revenue from Contracts with Customers* ("ASC Topic 606") which requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contracts, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. See Note 3 for further information on the Company's revenue from contracts with customers. ### *Income Taxes* The Company is a limited liability company and treated as a partnership for income tax reporting purposes. The Internal Revenue Code ("IRC") provides that any income or loss is passed through to the members for federal and state income tax purposes. However, in 2021, NY State enacted the optional pass-through entity tax ("PTET"), an elective tax that allows eligible partnerships (including LLCs taxable as partnerships) to elect to be subject to the new tax, at rates equivalent to the current New York State personal income tax rates. The Company opted into this new tax and by making the annual election, will afford its owners a legal means to fully deduct their New York State income taxes. Direct partners, members, or shareholders will be entitled to a tax credit for their shares of the PTET paid that can be applied against their New York State income tax liabilities. For the year ended December 31, 2025, the Company paid approximately \$136,696 of estimated PTET during the year. The Company is subject to the New York City unincorporated business tax, of which no such tax was incurred during the year ended December 31, 2025. At December 31, 2025, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination is subject to ongoing reevaluation as facts and circumstances may require. {7}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS #### *Use of Estimates* The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from these estimates. #### *Contract Assets and Liabilities* As of January 1, 2025, the Company had \$25,000 in outstanding contract liabilities and no outstanding receivables or contract assets. As of December 31, 2025, the Company had \$25,000 in outstanding contract liabilities from contracts with customers, and no outstanding receivables or contract assets. ### 3. Concentration of credit risk #### *Revenues* For the year ended December 31, 2025, four customers accounted for 98% of revenue. *Credit Risk* The Company maintains its cash in financial institutions, which at times, may exceed federally insured limits. These balances are federally insured up to \$250,000 per depositor, per bank. ### 4. Net capital requirement The Company, as a member of FINRA, is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1. At December 31, 2025, the Company's net capital was \$90,756 which was \$85,756 more than its minimum requirement of \$5,000. ### 5. Exemption from Rule 15c3-3 The Company limits its business activities pursuant to footnote 74 to SEC Release 34-70073, and as discussed in Q & A 8 of the related FAQ issued by SEC staff. Accordingly, there are no items to report under the requirements of this Rule. ### 6. Related party transactions The Company is obligated under an expense sharing agreement, for office space and salary with a related party, through common ownership. Total rent and salary expense for the year ended December 31, 2025, was \$1,224 and \$28,280, respectively. {8}------------------------------------------------ ## NOTES TO FINANCIAL STATEMENTS At December 31, 2025, there was \$2,415 due to a related party for the insurance expense under the above agreement. Members of the Company are eligible to participate in the Oaklins DeSilva & Phillips 401(k) Profit Sharing Plan ("the Plan"), a defined contribution plan sponsored by Oaklins DeSilva & Phillips LLC with Oaklins DP LLC listed as a participating employer. Members may contribute to the Plan up to the limits set by the United States Internal Revenue Service and contributions are 100% vested when made. The Company did not make a contribution to the Plan during the year ended December 31, 2025. At their discretion, and primarily for the purpose of maintaining a prudent level of equity, members may forgive expenses due to a related party. Total expenses forgiven as deemed capital contributions by related party for the year ended December 31, 2025, were \$6,186. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.