33045239 2024-07-01 2025-06-30 33045239 2024-07-01 2025-06-30 memberOfBoardIdentifier_executive_board_1 33045239 2024-07-01 2025-06-30 1 33045239 2023-07-01 2024-06-30 33045239 2025-06-30 33045239 2024-06-30 33045239 2024-07-01 fsa:ContributedCapitalMember 33045239 2024-07-01 fsa:RetainedEarningsMember 33045239 2024-07-01 fsa:ProposedDividendRecognisedInEquityMember 33045239 2024-07-01 33045239 2024-07-01 2025-06-30 fsa:ContributedCapitalMember 33045239 2024-07-01 2025-06-30 fsa:RetainedEarningsMember 33045239 2024-07-01 2025-06-30 fsa:ProposedDividendRecognisedInEquityMember 33045239 2025-06-30 fsa:ContributedCapitalMember 33045239 2025-06-30 fsa:RetainedEarningsMember 33045239 2025-06-30 fsa:ProposedDividendRecognisedInEquityMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-07-01 2023-07-01 2025-06-30 2024-06-30 Regnskabsklasse B Andre erklæringer uden sikkerhed 2025-09-12 Jan Melgaard The Executive Board has today considered and adopted the Annual Report of LIGHTHOUSE AVIATION ApS for the financial year 1 July 2024 - 30 June 2025. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In my opinion the Financial Statements give a true and fair view of the financial position at 30 June 2025 of the Company and of the results of the Company operations for 2024/25. I recommend that the Annual Report be adopted at the Annual General Meeting. København K 2025-09-12 Jan Melgaard CEO To the Management of LIGHTHOUSE AVIATION ApSWe have compiled the Financial Statements of LIGHTHOUSE AVIATION ApS for the financial year 1 July 2024 - 30 June 2025 on the basis of the Company’s accounting records and other information you have provided.The Financial Statements comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies.We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information.Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including the principles of integrity, objectivity, professional competence and due care.The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility.As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Trekantområdet 2025-09-12 PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab 33771231 Lasse Berg State Authorised Public Accountant mne35811 LIGHTHOUSE AVIATION ApS Kvæsthusgade 1 1251 København K 33045239 København Herredsvej 32 7100 Vejle 1776502 1946295 581909 539407 1194593 1406888 79566 35380 24014 8707 1250145 1433561 279793 260719 970352 1172842 0 1000000 1700000 1000000 -729648 -827158 28185 12417 650000 1030000 678185 1042417 678185 1042417 209215 180283 754464 304308 379975 229249 22847 139738 1366501 853578 92819 269537 1459320 1123115 2137505 2165532 40000 500000 26621 296269 1700000 1000000 1766621 1796269 6423 0 279793 260719 84668 108544 370884 369263 370884 369263 2137505 2165532 500000 296269 1000000 1796269 460000 -460000 0 0 0 0 1000000 1000000 0 -729648 1700000 970352 40000 26621 1700000 1766621 The primary activity of the Company is investment and consultancy activities. 554721 505916 18531 24929 8657 8562 581909 539407 2 2 279793 260719 279793 260719 Rental and lease obligationsLease obligations under operating leases. Total future lease payments:Within 1 year42,000101,000Between 1 and 5 years042,00042,000143,000Other contingent liabilitiesThe group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Melgaard Invest ApS, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. The Annual Report of LIGHTHOUSE AVIATION ApS for 2024/25 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C.The accounting policies applied remain unchanged from last year.The Financial Statements for 2024/25 are presented in DKK. Recognition and measurementRevenues are 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.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. Translation policiesTransactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement.Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement.Fixed assets acquired in foreign currencies are measured at the transaction date rates. RevenueRevenue from the sale of goods is recognised when the risks and rewards relating to the goods sold have been transferred to the purchaser, the revenue can be measured reliably and it is probable that the economic benefits relating to the sale will flow to the Company.Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Other external expensesOther external expenses comprise expenses for premises, sales as well as office expenses, etc. Gross profitWith reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue, other operating income and other external expenses. Staff expenses comprise wages and salaries as well as payroll expenses. Other operating income and expensesOther operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax on profit/loss for the yearTax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity.The Company is jointly taxed with Danish parent company. The tax effect of the joint taxation is allocated to Danish enterprises in proportion to their taxable incomes. Fixed asset investments consist of deposits and other receivables. 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. PrepaymentsPrepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. DividendDividend distribution proposed by Management for the year is disclosed as a separate equity item. Deferred tax assets and liabilitiesDeferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively.Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax receivables and liabilitiesCurrent tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value.