40476733 2022-07-01 2023-06-30 fsa:RetainedEarningsMember 40476733 2021-07-01 2022-06-30 fsa:RetainedEarningsMember 40476733 2021-07-01 2022-06-30 fsa:ProposedDividendRecognisedInEquityMember 40476733 2022-07-01 2023-06-30 fsa:ProposedDividendRecognisedInEquityMember 40476733 2022-07-01 2023-06-30 40476733 2023-06-30 40476733 2021-07-01 2022-06-30 40476733 2022-06-30 40476733 2022-07-01 2023-06-30 1 40476733 2022-07-01 2023-06-30 1 40476733 2022-07-01 2023-06-30 1 iso4217:DKK 2022-07-01 2023-06-30 2023-11-06 2023-11-06 2023-11-06 Frederiksberg C inforevision statsautoriseret revisionsaktieselskab 2860 Søborg Gajane ApS Buddingevej 312 H.C. Ørsteds Vej 50C 1879 Søborg 40476733 2021-07-01 2022-06-30 The company's primary activities were to operate import and export of tobacco, sale and distribution of tobacco products and manufacturing of tobacco products and thereby related business. The results of the company's activities in the financial year amounted to a profit of DKK 3.605.483 against DKK 3.392.138 in last financial year. The equity at the balance sheet date amounted to DKK 5.364.508. Management consider the results as satisfactory. The Board of Directors and The Executive Board have today considered and adopted the annual report for 1 July 2022 - 30 June 2023 for Gajane ApS. The annual report is prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the the company's financial position at 30 June 2023 and of the results of its operations for the financial year 1 July 2022 - 30 June 2023. We believe that the Management's review contains a fair review of the affairs and conditions referred to therein. We recommend that the annual report be adopted at the Annual General Meeting. To the shareholder's of Gajane ApS We have performed an extended review of the financial statements of Gajane ApS for the financial year 1 July 2022 - 30 June 2023, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equityand notes. The financial statements are prepared under the Danish Financial Statements Act. Based on our work performed, in our opinion, the financial statements give a true and fair view of the company's financial position as at 30 June 2023 and of the results of the company's operations for the financial year 1 July 2022 - 30 June 2023 in accordance with the Danish Financial Statements Act. We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Practitioner's responsibilities for the extended review of the financial statements” section of our report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statementsManagement is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statementsand in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion. An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Management is responsible for the Management's review. Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statementsand has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Management's review. The annual report has been prepared in accordance with Danish financial statement legislation as well as generally accepted accounting principles. The annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing Reporting class B.Some provisions from reporting class C has been adopted.The accounting policies have not been changed from last year. The financial statements have been prepared based on historical cost.The income is recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the company, and the value of the liability can be measured reliably.Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below.Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the maturity period. Amortised cost is calculated as original cost less any repayments and with addition/deduction of the cumulative amortisation of any difference between cost and the nominal amount. In this way, capital losses and gains are allocated over the maturity period.Recognition and measurement take into account predictable losses and risks occurring before the presentation of the annual report which confirm or invalidate affairs and conditions existing at the balance sheet date.The functional currency is Danish Kroner. All other currencies are considered foreign currencies. During the year, transactions in foreign currencies have been translated applying the exchange rate at the transaction date. If currency positions are considered hedge of future cash flows, the value adjustments are recognised directly in equity.Receivables and debt denominated in foreign currencies have been recognised at the exchange rate of the balance sheet date.Realised and unrealised exchange gains and losses have been recognised in the income statement under other financial income and expenses. Gross profit/loss includes "Revenue""Cost of sales""External expenses". As income recognition criterion, the completed contract method is applied so that revenue comprises invoiced revenue for the year. Revenue from the sale is recognised in the income statement when delivery is made and risk has passed to the buyer before the end of the financial year. Revenue is measured at fair value excl. VAT and less granted goods and customer discounts. Cost of sales comprise expenses incurred to earn revenue for the year. External expenses comprises Selling costsCost of premisesAdministrative expenses. Financial income is recognised with amounts concerning the financial year. Financial income comprise interest as well as realised and unrealised exchange gains. Financial expenses is recognised with amounts concerning the the financial year. Financial expenses comprise interest as well as interest surcharge under the Danish Tax Prepayment Scheme. Tax on profit or loss for the year represents 22% of the book profit or loss adjusted for non-taxable and non-deductible items. Tax on profit or loss for the year consists of the anticipated tax portion of the taxable income for the year adjusted for the changes for the year in deferred tax. Changes in deferred taxes due to adjustments of tax rates is recognised in the income statement. Tax on profit or loss for the year is recognised in the income statement by the portion attributable to the profit or loss for the year and recognised directly in equity by the portion attributable to entries directly in equity. The company is subject to the Danish Tax Prepayment Scheme. Interest reimbursement and interest surcharge have been recognised in financial income and expenses. The balance sheet has been presented in account form. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Provisions for bad debts are determined on the basis of an individual assessment of each receivable. Prepayments comprise costs incurred relating to subsequent financial years. Dividend distribution proposed by Management for the year is disclosed as a separate equity item. Deferred tax is measured using the balance sheet liability method. Provision has been made for deferred tax by 22% on all temporary differences between carrying amount and tax-based value of assets and liabilities. Deferred tax is also measures with respect of the planned use of the asset and the settlement of the liability. The tax value of the tax losses to be carried forward are included in the calculation of deferred taxes if it is probable that the losses can be used. Deferred tax assets are measured at net realisable value.Deferred tax assets which are not expected utilised within a few years have been disclosed in notes under contingent assets.Corporation tax relating to the the financial year which has not been settled at the balance sheet date is classified as corporation tax in receivables or liabilities other than provisions. Short-term debts are measured at amortised cost, substantially corresponding to nominal value. 4668818 4382857 45359 21996 74716 54528 4639461 4350325 1033978 958187 3605483 3392138 605483 392138 0 3169650 4492 0 85813 0 934 0 91239 3169650 8948843 6950190 9040082 10119840 9040082 10119840 50000 50000 2314508 1709025 3000000 3000000 5364508 4759025 0 436187 0 436187 71750 1494035 598978 1393817 3004846 2036776 3675574 4924628 3675574 5360815 9040082 10119840 3000000 3000000 STATEMENT OF CHANGES IN EQUITY Contributed capital Retained earnings Proposed dividend recognised in equity Total DKK DKK DKK DKK Equity at 1 July 2021 50.000 1.316.887 4.000.000 5.366.887 Dividends paid 0 -4.000.000 -4.000.000 Distributed profit/loss for the year 392.138 3.000.000 3.392.138 Equity at 1 July 2022 50.000 1.709.025 3.000.000 4.759.025 Dividends paid 0 -3.000.000 -3.000.000 Distributed profit/loss for the year 605.483 3.000.000 3.605.483 Equity at 30 June 2023 50.000 2.314.508 3.000.000 5.364.508 STAFF COSTS The company has no employees other than the company's director hwo have been unpaid. TAX EXPENSE Corporation tax Deferred tax Tax on profit/loss for the year 2021/22 DKK DKK DKK DKK Payables at 1 July 2022 1.308.004 0 Paid in respect of previous years -1.393.817 Tax on profit/loss for the year 1.033.978 0 1.033.978 958.187 Prepaid tax -435.000 Payables at 30 June 2023 513.165 0 Tax on profit/loss for the year recognised in the income statement 1.033.978 958.187 Recognition in balance sheet: Short-term receivables (current asset) -85.813 0 Short-term payables 598.978 Total 513.165 0 Grundlag for konklusion Konklusion Regnskabsklasse B Årsrapport Erklæring om udvidet gennemgang Gevorg Nalbandyan Bestyrelsesmedlem Arash Namdar Direktør Arash Namdar mne29383 Simon Morthorst inforevision statsautoriseret revisionsaktieselskab 19263096