Årsrapport39090279One Revision, Statsautoriseret RevisionspartnerselskabRagnagade, 7, 2.2100, København Ø2021-01-012021-12-312022-01-012022-12-3136418133Pipetop ApSSkelbækgade 2, 6.th.1717CopenhagenOne Revision, Statsautoriseret Revisionspartnerselskab39090279Jan Lundqviststatsautoriseret revisormne19740Ragnagade7, 2.2100København ØDanmark2023-02-09Dixie Alexandra Cecilia WikholmRegnskabsklasse BAndre erklæringer uden sikkerhedCaseWare fra Revisorgruppen DanmarkanpartshaverneKøbenhavn Ø2023-02-09Copenhagen2023-02-092907-274172907-27417211022886-275192886-275192886-275199334579334579334570155556155556-3560723-3563610-3405167-34080543397760339526133977603395261750016250750016250340526034115119334572110221102155556155556155556155556-3563610-35360912886-2751910-3560723-3563610Today, the Board of Directors has approved the annual report of Pipetop ApS for the financial year 1 January - 31 December 2022. The annual report has been prepared in accordance with the Danish Financial Statements Act. I consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company's operations for the financial year 1 January – 31 December 2022. The Board of Directors consider the conditions for audit exemption of the 2022 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Dixie Alexandra Cecilia WikholmWe have compiled the financial statements of Pipetop ApS for the financial year 1 January - 31 December 2022 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) including 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 on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. The principal activities of the company The company's main activity is to provide accounting related services. Development in activities and financial matters The result from ordinary activities after tax totals DKK 2.886. Management considers the results as expected. The company has lost the entire share capital. Management expects that the share capital will be reestablished in full through future positive income or capital increases and has on this basis prepared the financial statements under the assumption of going concern. Events occurring after the end of the financial year No events have occured subsequent to the balance sheet date, which would have material impact on the financial position of the company. The annual report for Pipetop ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Recognition and measurement in general Income is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, writedowns for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems probable that future economic benefits will flow to the company and the value of the asset can be reliably measured. Liabilities are recognised in the statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Gross profit Gross loss comprises other external costs. Other external expenses comprise expenses incurred for administration. Financial income and expenses Financial income and expenses comprise interest and other financial income and expenses. Tax on net profit or loss for the year Tax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity. The company is subject to Danish rules on compulsory joint taxation of Danish group enterprises. The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full allocation with reimbursement of tax losses). Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. Liabilities other than provisions Liabilities other than provisions are measured at amortised cost which usually corresponds to the nominal value. 1. Uncertainties relating to going concern The company has lost the entire share capital. Management expects that the share capital will be reestablised in full through future positive income or capital increases and has on this basis prepared the financial statements under the assumption of going concern. 3. Contingencies Joint taxation With as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax. The company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends. Any subsequent adjustments of corporate taxes or withholding tax, etc., may result in changes in the company's liabilities. 364181332022-01-012022-12-31364181332021-01-012021-12-31364181332021-12-31364181332022-12-31364181332022-01-012022-12-311364181332022-01-012022-12-311364181332022-01-012022-12-31e:RetainedEarningsMember364181332021-01-012021-12-31e:RetainedEarningsMember364181332022-01-01e:ContributedCapitalMember364181332022-12-31e:ContributedCapitalMember364181332022-01-01e:RetainedEarningsMember364181332022-01-012022-12-31e:RetainedEarningsMember364181332022-12-31e:RetainedEarningsMember364181332021-01-01e:ContributedCapitalMember364181332021-12-31e:ContributedCapitalMember364181332021-01-01e:RetainedEarningsMember364181332021-01-012021-12-31e:RetainedEarningsMember364181332021-12-31e:RetainedEarningsMemberiso4217:DKK