39841649 2023-05-01 2024-04-30 39841649 2023-05-01 2024-04-30 auditor_1 39841649 2023-05-01 2024-04-30 auditor_2 39841649 2023-05-01 2024-04-30 memberOfBoardIdentifier_1 39841649 2023-01-01 2023-04-30 39841649 2024-04-30 39841649 2023-04-30 39841649 2023-04-30 fsa:ContributedCapitalMember 39841649 2023-04-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39841649 2023-04-30 fsa:RetainedEarningsMember 39841649 2023-04-30 fsa:ProposedDividendRecognisedInEquityMember 39841649 2023-05-01 2024-04-30 fsa:ContributedCapitalMember 39841649 2023-05-01 2024-04-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39841649 2023-05-01 2024-04-30 fsa:RetainedEarningsMember 39841649 2023-05-01 2024-04-30 fsa:ProposedDividendRecognisedInEquityMember 39841649 2024-04-30 fsa:ContributedCapitalMember 39841649 2024-04-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39841649 2024-04-30 fsa:RetainedEarningsMember 39841649 2024-04-30 fsa:ProposedDividendRecognisedInEquityMember 39841649 2023-04-30 fsa:ParticipatingInterestsMember 39841649 2023-05-01 2024-04-30 fsa:ParticipatingInterestsMember 39841649 2024-04-30 fsa:ParticipatingInterestsMember iso4217:DKK pure Årsrapport 2023-05-01 2023-01-01 2024-04-30 2023-04-30 2024-06-24 39841649 2024-06-24 2018-09-07 Reporting class B KPMG P/S 2100 København Ø Dampfærgevej 28 25578198 Auditor's reports (Other non-assurance reports) Copenhagen 2024-06-24 KPMG 25578198 KPMG 25578198 true Andreas Pagh Rasmussen I have reviewed and approved the annual report for Andreas Pagh Holding ApS for the financial year 1 May 2023 - 30 April 2024. The annual report, which has not been audited, is presented in accordance with the Danish Financial Statements Act. In my opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 30 April 2024 and of the results of the Company's operations for the financial year 1 May 2023 - 30 April 2024.Further, in my opinion, the Management's review gives a fair review of the matters discussed in the Management's review. I recommend that the annual report be approved at the annual general meeting. Management confirms that the Company fulfils the requirement to be exempt from audit. Andreas Pagh Rasmussen CEO Auditor's report on compilation of financial statements To the Management of Andreas Pagh Holding ApS We have compiled the financial statements of Andreas Pagh Holding ApS for the financial year 1 May 2023 - 30 April 2024 based on the Company's bookkeeping records and other information provided by you.The financial statements comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies.We performed our work in accordance with ISRS 4410 Compilation Engagements.We have applied our professional expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Auditor Act, including the requirements for independence, and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), which is based on fundamental principles of integrity, objectivity, professional competence and due care.These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion as to whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Morten Høgh-Petersen mne34283 Simon Mohammadi Andersen mne50643 Andreas Pagh Holding ApS Snogholmvej 11 DK-2750 Ballerup Ballerup Principal activities The main activity of the company is to hold shares and act as a holding company. Development in activities and financial position The Company's income statement for 2023/24 shows a profit of DKK 5,153,749 as against a profit of DKK 649,079 in 1. January - 30. April 2023. Equity in the Company's balance sheet at 30 April 2024 stood at DKK 5,954,835 as against DKK 4,233,640 at 30 April 2023. The financial year was in line with forecast, and results for the year are considered satisfactory. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2023/24. -24221 -7775 5172986 656854 4984 0 5153749 649079 0 0 5153749 649079 1049321 0 58900 0 61000 0 3984528 649079 4439974 3390654 4439974 3390654 96716 96716 1428465 756590 1525181 853306 5965155 4243960 50000 50000 1049321 3373654 4794514 809986 61000 0 5954835 4233640 10320 10320 5965155 4243960 50000 3373654 809986 0 0 1049321 3984528 119900 0 -58900 -3373654 0 50000 1049321 4794514 61000 The annual report of Andreas Pagh Holding ApS for 2023/24 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher reporting classes.The accounting policies used in the preparation of the financial statements are consistent with those of last year. 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, 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. Other external costs Other external costs comprise costs for administrative services Income from equity investments in participating interests The proportionate share of the individual participating interests' profit/loss after tax is recognised in the Parent Company's income statement after elimination of a proportionate share of intra-group gains/losses and amortisation of goodwill. Financial income and expenses Financial income and expenses comprise interest income and expense. Investments Equity investments in participating interest are measured at the proportionate share of the entities' net asset value calculated in accordance with the Parent Company's accounting policies plus or minus unrealised intra-group gains or losses and plus or minus the residual valie calculated in accordance with the acquisition method. Receivables Receivables are measured at amortised cost. Cash at bank and in hand Cash at bank and in hand comprise cash and bank deposits. EquityNet revaluation reserve according to the equity method Net revaluation reserve according to the equity method comprises net revaluation of equity investments in subsidiaries and participating interests (including associates) in proportion to cost. Liabilities Liabilities are measured at amortised cost. 0 0 17000 3390653 -17000 3390653 3373654 1049321 -750012 -2623642 1049321 4439974 The presented gain from participating interests is based on the changed structure of underlying companies within the group. As such the Company has not changed its participating in the underlying companies.The reversal of previously booked revaluations is presented as other adjustments