44442442 2023-11-09 2025-03-31 44442442 2023-11-09 2025-03-31 0 44442442 2025-03-31 44442442 2025-03-31 fsa:ContributedCapitalMember 44442442 2025-03-31 fsa:RetainedEarningsMember 44442442 2023-11-09 2025-03-31 fsa:ContributedCapitalMember 44442442 2023-11-09 2025-03-31 fsa:RetainedEarningsMember xbrli:pure iso4217:DKK SCS CORPORATE SOLUTIONS ApS SCS CORPORATE SOLUTIONS ApS Bredgade 20A, 2. tv 1260 København K Ingen bistand Årsrapport Regnskabsklasse B 2023-11-09 2025-03-31 false 0 MACA Museum (CPH) ApS C/O Nigel MeadToldbodgade 12 C/O Nigel MeadToldbodgade 12 1253 København K 44442442 1 2025-09-19 Nigel Mead Today, Management has considered and adopted the Annual Report of MACA Museum (CPH) ApS for the financial year 9 November 2023 - 31 March 2025. The Annual Report, which has not been audited, is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 March 2025 and of the results of the Company's operations for the financial year 9 November 2023 - 31 March 2025. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2025-09-19 Nigel Mead MACA Museum (CPH) ApS 1253 København K 44442442 2023-11-09 2025-03-31 The Company's principal activitiesThe Company's principal objective is to operate an art museum business, and any other similar business in accordance with the decision of the management board. Development in activities and the financial situationThe Company's Income Statement of the financial year 9 November 2023 - 31 March 2025 shows a result of DKK -200,970 and the Balance Sheet at 31 March 2025 a balance sheet total of DKK 1,293,230 and an equity of DKK -160,970.The company considers the result for the financial period to be in line with expectations. Events after the end of the financial period No events have occurred after the end of the financial period that may have a significant impact on the financial position of the Company. The annual report of MACA Museum (CPH) ApS for 2023/25 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B, with the adoption of individual rules from class C. As the financial year 2023/25 is the Company's first financial year, the Financial Statements with associated notes have been prepared without comparative figures from the previous year. Income is recognised in the income statement as and when it is earned, including recognition of value adjustmentsof financial assets and liabilities.Any costs, including depreciation, amortisation and impairment, are also recognised in the income statement.Assets are recognised in the balance sheet when it is likely that future economic benefits will accrue to theCompany and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is likely that future economic benefits will not accrue to theCompany and the value of the liability can be measured reliably.The initial recognition measures assets and liabilities at cost. Subsequently, assets and liabilities are measured asdescribed in the following for each item.Certain financial assets and liabilities are measured at amortised cost, recognising a constant yield to maturity.Amortised cost is stated at initial cost less any deductions and with addition/deduction of the accumulatedamortisation on the difference between cost and nominal amount.The recognition and measurement takes into account predictable losses and risks arising before the period-endreporting and which prove or disprove matters that existed at the balance sheet date. Income statement Gross resultGross result, in accordance with Danish financial statement act section 32 comprise the revenue reduced by direct costs and external expenses. RevenueNet revenue is measured at the fair value of the agreed remuneration, excluding VAT on behalf of a third party. All forms of rebates granted are recognised in net revenue. External expensesExternal expenses include expenses relating to sales, advertising, rental, administration and similar expenses. Employee expensesEmployee expenses include wages and salaries including holiday allowances as well as other social security contributions. Financial income and expensesFinancial income and financial expenses include interest, realised and unrealised exchange rate gains and losses on transactions in foreign currencies. Financial income and expenses are recognised in the income statements with the amounts concerning the financial year. Tax for the year The tax for the period consists of the current tax and the deferred tax for the period. The tax relating to the results is recognised in the income statement, whereas the tax directly relating to equity entries is taken directly to equity. Balance sheet Tangible assets Tangible assets are measured at cost with deduction of accumulated depreciations and write downs. The cost consists of the purchase price, expenses directly related to the purchase and expenses in relation to preparing the asset until the time when it is taken into service.Linear depreciations are based on the following assessment of the lifetimes of the assets: Lifetime 1-5 years with a residual value of 0 %. Small acquisitions below an amount of DKK 33,100 are depreciated 100 % for the year.Profit and loss on disposal of tangible assets is calculated as the difference between the sales price less sales costs and carrying amount at the date of sale. Profit and loss is recognized in the income statement under depreciation. DepositsDeposits are measured at amortised cost. InventoryInventory of goods for resale are measured at cost. The value will be reduced for goods which are not marketable goods. ReceivablesReceivables are measured at amortised cost. The value will be reduced by the provision for bad debt losses. PrepaymentsPrepayments comprises prepaid costs regarding subsequent financial years. Cash and cash equivalentsCash includes deposits in bank account. Current tax and deferred tax Current tax liabilities and tax receivables are recognised in the balance sheet as calculated tax of taxable incomefor the financial period.Deferred tax is measured on all temporary differences arising between the tax bases of assets and liabilities andtheir carrying amounts in the financial statements.Deferred tax assets, including the tax value of tax loss carry-forwards, are measured at the value at which the assetis expected to be realised, either by elimination against tax on future earnings or by setoff against deferred taxliabilities within the same legal tax entity and jurisdiction.Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on thebalance sheet date would be applicable when the deferred tax is expected to crystallise as current tax. A change inthe deferred tax, which is a result of changes to tax rates, is recognised in the income statement with the exceptionof items that are taken directly to equity. Other liabilities Other liabilities are measured at amortised cost corresponding substantially to nominal value.Translation of foreign currencies Transactions in foreign currencies are at the initial recognition translated at exchange rate on the transaction date. Foreign exchange rate differences arising between the exchange rate at the transaction date and the exchange rate at the payment date are recognised in the income statement as financial income or financial expense. Receivables, payables and other monetary items in foreign currency are translated at the exchange rate of the balance sheet date. The difference between the exchange rate at the balance sheet date and the exchange rate at the date of the occurrence of receivable and liability is recognised in the income statement as financial income or financial expense. 764346 929890 4104 -169648 11650 99331 -257329 -56359 -200970 200970 77974 77974 579239 579239 657213 22348 22348 247098 158450 56359 33021 494928 118741 636017 1293230 40000 -200970 -160970 64456 1183890 192842 13012 1454200 1454200 1293230 40000 0 0 -200970 40000 -200970 1. Employee expensesWages and salaries892,510Social security contributions16,167Other employee expense21,213929,890Average number of employees3 3 2. Finance incomeOther finance income11,65011,650 3. Finance expensesFinance expenses arising from group enterprises99,082Other finance expenses24999,331 4. Fixtures, fittings, tools and equipmentCost at the beginning of the year0Addition during the year82,078Cost at the end of the year82,078Depreciation and amortisation at the beginning of the year0Amortisation for the year-4,104Impairment losses and amortisation at the end of the year-4,104Carrying amount at the end of the year77,974 5. DepositsDeposits are expected to be included in the balance sheet for more than one year. 6. Deferred tax assetThe Company has recognised deferred tax asset of DKK 56,359 in the balance sheet which is attributable to carried forward tax losses. The tax losses can be carried forward indefinitely. 7. Uncertainties relating to going concernThe Company has lost all of the share capital. The management expects the share capital to be restored through the Company’s operations or alternatively capital increase.The Company has received a letter of support from the parent company who will support with the liquidity neededfor the Company to meet its liabilities when they fall due. 8. Contingent assetsNo contingent assets exist at the balance sheet date. 9. Contingent liabilitiesThe Company has entered into two rental agreements with third parties with total net liabilities of DKK 1,009,882. One agreement may be terminated by giving six months notice, but not before 31 August 2025, while the other is non-terminable until 31 August 2033 but may be terminated earlier subject to six months notice and payment of a contractual compensation.The Company has two rental agreements with the parent company with a remaining term at year-end of between 6 and 25 months with a total liability of DKK 993,750.No further contingent liabilities exist at the balance sheet date.