332534782024-01-012024-12-31332534782024-01-012024-12-311332534782024-01-012024-12-311332534782024-01-012024-12-312332534782024-01-012024-12-313332534782024-01-012024-12-311332534782024-12-31332534782023-12-31fsa:ContributedCapitalMember332534782023-12-31fsa:RestOfOtherReservesMember332534782023-12-31fsa:RetainedEarningsMember332534782023-12-31332534782024-01-012024-12-31fsa:RetainedEarningsMember332534782024-01-012024-12-31fsa:RestOfOtherReservesMember332534782024-12-31fsa:ContributedCapitalMember332534782024-12-31fsa:RestOfOtherReservesMember332534782024-12-31fsa:RetainedEarningsMember332534782023-01-012023-12-31iso4217:DKKxbrli:pureThe Board of Directors and the Executive Board have today considered and approved the annual report of Bregnerødgård ApS for the financial year 01.01.2024 - 31.12.2024.-3507111-5192565The annual report is presented in accordance with the Danish Financial Statements Act.984425011514228In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.40475764190190We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.12736521397937We recommend the annual report for adoption at the Annual General Meeting.1015911733536Birkerød50564241Anna Zibrandtsen8268292040256CEO194138-1302479Lisbeth Neel Zibrandtsen-195659-175364Chairperson389797-1127115Mikael Trolle389797-1127115Niels Erik Blangstrup ZibrandtsenTo the shareholders of Bregnerødgård ApS5925786057797506We have audited the financial statements of Bregnerødgård ApS for the financial year 01.01.2024 -
31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and
notes, including a
summary of significant accounting policies. The financial statements are prepared in
accordance with the
Danish Financial Statements Act.
In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance
with the Danish Financial Statements Act.294682381672We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements
applicable in Denmark. Our responsibilities under those standards and requirements are further
described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s
report. We are independent of the Entity 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 audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.5955254258179178Management 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 statements, Management is responsible for assessing the Entity’s ability to continue
as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going
concern basis of accounting in preparing the financial statements unless Management either intends to liquidate
the Entity or to cease operations, or has no realistic alternative but to do so.5955254258179178Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of
users taken on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark,
we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence
that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Entity’s internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by Management.
Conclude on the appropriateness of Management’s use of the going concern basis of accounting in
preparing the financial statements, and, based on the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that may cast significant doubt on the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor’s report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditor’s report. However, future events or conditions may cause the
Entity to cease to continue as a going concern.Evaluate the overall presentation, structure and content of the financial statements, including the disclosures
in the notes, and whether the financial statements represent the underlying transactions and
events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope
and timing of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.55000550006937366268051501Management is responsible for the management commentary.
Our opinion on the financial statements does not cover the management commentary, and we do not express
any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the management
commentary and, in doing so, consider whether the management commentary is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated.
Moreover, it is our responsibility to consider whether the management commentary provides the information
required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with
the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.694286626810650141000315508København3825250Thomas Rosquist Andersen2846157551mne31482451986373059State Authorised Public Accountant9143751016085Primary activitiesThe company's main activities is to own real estate, farm activities, including breeding, training and sale of horses,
as well as other related activities.7079502369495645Description of material changes in activities and financesThe Company´s income statement of the financial year 1 January 2024 – 31 December 2024 shows a operating profit of TDKK 1,016 compared to prior years operating profit of TDKK 734, The result of 2024 is also significantly improved from TDKK -1.127 in 2023 to TDKK 390 in 2024.
Management finds the 2024 results satisfying, as the Company continues positive operating profits according to the long-term plan.
130347565127674823Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of
this annual report.100000100000This annual report has been presented in accordance with the provisions of the Danish Financial Statements
Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.2858007228580072Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably.
Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably.
On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item.
Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement.
Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.
7845760263067805Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the
transaction date. Receivables, payables and other monetary items denominated in foreign currencies that
have not been settled at the balance sheet date are translated using the exchange rate at the balance
sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect
at the payment date, or the rate at the balance sheet date, are recognised in the income statement as
financial income or financial expenses. Property, plant and equipment, inventories and
other non-monetary assets that have been purchased in foreign currencies are translated using historical
rates.When recognising foreign subsidiaries and associates that are independent entities, the income statements
are translated at average exchange rates for the months that do not significantly deviate from the rates at
the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Goodwillis considered belonging to the independent foreign entity and is translated using the exchange
rate at the balance sheet date. Exchange differences arising out of the translation of foreign subsidiaries’
equity at the beginning of the year at the balance sheet date exchange rates and out of the translation of income statements from average rates to the exchange rates at the balance sheet date are recognised directly in the translation reserve in equity.Exchange adjustments of outstanding accounts with independent foreign subsidiaries, which are considered
part of the total investment in the subsidiary in question, are recognised directly in the translation reserve in equity.When recognising foreign subsidiaries that are integral entities, monetary assets and liabilities are
translated using the exchange rates at the balance sheet date. Non-monetary assets and liabilities are
translated at the exchange rate at the time of acquisition or the time of any subsequent revaluation or writedown.
The items of theincome statement are translated at the average rates of the months; however, items
deriving from non-monetaryassets and liabilities are translated using the historical rates applicable to the
relevant non-monetary items.107137674917478777724556445Gross profit or lossThe Company has decided to aggregate certain items of the Income Statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. 2123786434828552RevenueRevenue from the sale of goods and services is recognized in the income statement when the risk has passed to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.377280365936Fair value adjustments of biological assetsFair value adjustments of biological assets comprise adjustments for the financial year of the Entity’s
biological assets measured at fair value at the balance sheet date.2169238935250933Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary
activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds.559058386978Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for ordinary inventory write downs. 3565891875Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes write-downs of receivables recognised in current assets.136210115571Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions etc for entity staff.
Repayments from public authorities are deducted from staff costs.
279112171589Depreciation, amortisation and impairment lossesDepreciation, amortisation, and impairment losses relating to property, plant and equipment and comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets and property, plant and equipment.1865330Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish Tax Prepayment Scheme etc.1517502676013Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.2320989135926946Tax 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 Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).
130347565127674823Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated.
Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. For self-constructed assets, cost comprises direct and indirect costs of materials, components, sub suppliers and labour costs.
The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:
Useful life
Buildings20-40 yearsOther fixtures and fittings, tools and equipment3-5 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed
the contract period.
The estimated residual value of the buildings are TDKK 22,400.
Impairment of fixed assets
The carrying amount of tangible fixed assets is reviewed annually to determine whether there is an indication of impairment beyond the annual depreciation. If this is the case, a write-down is made to the lower of recoverable amount and carrying amount.
10000010InventoriesInventories are measured at the lower of cost using the FIFO method and net realisable value.
Cost consists of purchase price plus delivery costs.
Livestock
Livestock (Biological assets) are measured to the fair value subsequent to initial recognition.
The net realisable value of livestock is calculated as the estimated selling price less completion costs and costs incurred to execute sale.
The net realisable value is determined allowing for marketability, obsolescence and development in expected selling price. The cost of goods for resale, raw materials and consumables equals landed cost.
Value adjustments of the herd are recognised in the income statement under fair value adjustments of biological assets.
28580072ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts.63067805PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.CashCash comprises cash in hand and bank deposits.15000000Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.15000000Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.0true389797Grundlag for konklusionKonklusion1000002025-06-06285800722025-06-0678457602true2023-01-011 Staff costs2024
DKK2023
DKKWages and salaries3,772,2063,918,292Pension costs147,146144,000Other social security costs128,224127,8984,047,5764,190,190Average number of full-time employees1010Other staff costs recognised in 2023 under staff costs have been moved to other operating expenses. 2023-12-3110339635562 Other financial income
2024
DKK2023
DKKOther interest income3,3123,210Other financial income1,7441,0315,0564,241København S3 Other financial expenses2024
DKK2023
DKKFinancial expenses from group enterprises756,9611,963,240Other interest expenses69,86877,016826,8292,040,25623004 Tax on profit/loss for the year2024
DKK2023
DKKAdjustment concerning previous years(195,659)(175,364)(195,659)(175,364)65 Property, plant and equipmentLand and buildingsDKKOther fixtures and fittings, tools and equipmentDKKCost beginning of year78,401,60010,427,731Additions2,461,216185,800Cost end of year80,862,81610,613,531Depreciation and impairment losses beginning of year(20,604,094)(10,046,059)Depreciation for the year(1,000,862)(272,790)Depreciation and impairment losses end of year(21,604,956)(10,318,849)Carrying amount end of year59,257,860294,682Weidekampsgade6 InventoriesLivestock are measured to the fair value subsequent to initial recognition. Fair value is determined by the
expected value between independent parties.
When assessing the value of sports horses the value is evaluated and measured by breeding skills, age,
education, health and results together with an individual assessment of the horse's estimated fair value.Deloitte Statsautoriseret Revisionspartnerselskab7 Non-current liabilities other than provisionsDue after more than 12 months
2024
DKKOutstanding after 5 years
2024
DKKDeposits77,2450Payables to group enterprises21,237,8640Other payables377,280377,28021,692,389377,280Other payables consists of frozen holiday funds. Furesø8 Contingent liabilitiesThe company has issued mortgage deeds totaling DKK 30 million on the company's properties with a book value of DKK 59.3 million.
The Entity participates in a Danish joint taxation
arrangement where LNZ Holding Zibra ApS serves as the
administration company. According to the joint taxation provisions of
the Danish Corporation Tax Act, the Entity
is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the
withholding of tax on interest, royalties and dividend for the jointly
taxed entities.
The jointly taxed entities' total
known net liability under the joint taxation arrangement is
disclosed in the administration company's financial
statements.Birkerød9 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group:LNZ Holding Zibra ApSHøveltevej 67DK-3460 BirkerødCVR-no. 39 18 89 963460Regnskabsklasse BRevisionspåtegning2024-12-312024-01-0167HøveltevejBregnerødgård ApS33253478339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-06Alex Pløger