39891522 2023-01-01 2023-12-31 39891522 2022-01-01 2022-12-31 39891522 2023-12-31 39891522 2022-12-31 39891522 2022-12-31 fsa:ContributedCapitalMember 39891522 2023-01-01 2023-12-31 fsa:ContributedCapitalMember 39891522 2023-12-31 fsa:ContributedCapitalMember 39891522 2022-12-31 fsa:RetainedEarningsMember 39891522 2023-01-01 2023-12-31 fsa:RetainedEarningsMember 39891522 2023-12-31 fsa:RetainedEarningsMember 39891522 2023-01-01 2023-12-31 1 39891522 2023-01-01 2023-12-31 2 iso4217:DKK Andreas Steen Vallentin-Hansen The Executive Board has today considered and adopted the annual report for the financial year 1 January 2023 - 31 December 2023 for PSN ApS. The annual report is prepared in accordance with the Danish Financial Statement Act. In our opinion, the financial statements give a true and fair view of the financial position as at 31 December 2023 of the Company and of the results of the Company’s operations for 2023. It is also our opinion that the Management’s Review a true and fair account of the development of Company’s activities and financial conditions, the profit for the period and the Company’s financial position as a whole, and a description of the significant risks and uncertainty factors that the Company faces. The annual report is submitted to the Ordinary General Meeting for approval. A resolution had been proposed to opt out of the obligation to audit the company's financial statements with effect from the next financial year. Copenhagen Pradeep Pattem Marcus Pedersen Brown PSN ApS Svanevej 12 DK 2400 København NV 39891522 Copenhagen, Denmark Key activities The company's objects are to act as general partner in Danish limited partnership companies (P/Ses) and limited partnerships (K/Ses) and any other related activity. Development in the year The income statement of the Company for 2023 shows a profit of DKK 7,527 (2022: a loss of DKK 15,197), and at 31 December 2023 the balance sheet of the Company shows equity of DKK 8,691 (2022: DKK -14,033). Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 9650 -19483 9650 -19483 2123 -4286 7527 -15197 7527 -15197 3080 13775 3080 13775 29039 44389 29039 44389 32119 58164 50000 50000 -49881 -48836 119 1164 32000 46000 0 11000 32000 57000 32119 58164 50000 -48836 0 7527 50000 -41309 true true Recognition and measurement Revenues 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. 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. PROFIT AND LOSS STATEMENT Revenue Income is recognised on an accrual basis from management fees/general partner fee. Gross profit/loss With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue and other external expenses.. Financial income and expenses Financial items include interest income and interest expenses, foreign exchange rate adjustments, amortization premiums / discounts, realized and unrealized gains and losses on securities as well as surcharges and refunds under the tax. Borrowing costs directly attributable to the development projects of investment or project portfolios, added to the cost of the assets until the time when the project is completed and the property can be used for the intended purpose. Tax on profit/loss for the year Tax 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 group enterprises. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable incomes. BALANCE STATEMENT Receivables Receivables are measured at amortized cost. Impairment losses are made for losses which are deemed to have resulted in an objective indication that an individual receivable is impaired. Prepayments Prepayments recognized under assets comprise incurred costs related to coming financial years. Prepayments are measured at cost. Deferred tax assets and liabilities Deferred 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 are measured at the value at which the asset is expected to be realized, 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 crystallize as current tax. Any changes in deferred tax due to changes to tax rates are recognized in the income statement or in equity if the deferred tax relates to items recognized in equity. Liabilities Liabilities are measured at amortized cost, substantially corresponding to the nominal value Note 2 – Share capital The current equity is DKK 8,691. Note 3 – Tax on profit/loss for the year Amounts in DKK 2023 Deferred tax for the year -2,123 Note 4 – Related Party Transaction Amounts in DKK 2023 2022 Payable to related parties 32,000 46,000 Payables as at 31 December 32,000 46,000 The company is a general partner of the companies Pulse Taastrup P/S and Pulse Glostrup P/S, PSN ApS is a fully owned subsidiary of Park Street A/S. The company is included in the consolidated financial statements of Park Street A/S. Note 5 – Contingent assets and liabilities As a general partner, the company is directly, unlimited and jointly and severally liable for the companies Pulse Taastrup P/S and Pulse Glostrup P/S with total liabilities of DKK 297 million at December 31, 2023. The Company is jointly taxed with other companies in Park Street Group. As a result, the company is unlimited and jointly and severally liable with the other companies in the joint taxation of Danish withholding taxes on dividends, interest and royalties within the joint taxation of Park Street Group. Note 6 – Subsequent Events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. Annual report No audit assistance ParsePort XBRL Converter 2023-01-01 2023-12-31 2022-01-01 2022-12-31 2024-06-27 Reporting class B 2018-09-25 2024-06-27 39891522 PSN ApS Svanevej 12 2400 København NV