Årsrapport29442789Redmark, Godkendt RevisionspartnerselskabSommervej, 31C8210, Aarhus V2022-10-012023-09-302023-10-012024-09-3042627348ECD ApSFrederiksgade18000Aarhus CRedmark, Godkendt Revisionspartnerselskab29442789Morten Ryberg Nielsenstatsautoriseret revisormne33221Sommervej31C8210Aarhus VDanmark86133100aarhus@redmark.dk2025-03-31Dylan James TaylorRegnskabsklasse BErklæring om udvidet gennemgangCaseWare fra Revisorgruppen DanmarkanpartshaverneAarhus2025-03-31Aarhus C2025-03-31Grundlag for konklusionKonklusion-9570-17912-9570-179122000003789598503-27465-116415-27465-116415-27465-1164152553709255370925537092553709255370925537096451260216451260212560160257973004000040000-234816-207351-194816-1673511954178198417819541781984178500050007957987579038007987629032754976274708125601602579730255370932500000-6962912553709255370925537092553709Tir Na Nóg ApSFrederiksgade 40, 8000 Aarhus C201919404515670180417740000400004000040000-207351-90936-27465-116415-234816-207351Today, the Managing Director has approved the annual report of ECD ApS for the financial year 1 October 2023 - 30 September 2024. 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 my opinion, the financial statements give a true and fair view of the financial position of the Company at 30 September 2024 and of the results of the Company's operations for the financial year 1 October 2023 – 30 September 2024. We recommend that the annual report be approved at the Annual General Meeting. Dylan James TaylorWe have performed an extended review of the financial statements of ECD ApS for the financial year 1 October 2023 - 30 September 2024, which comprise income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. The financial statements are prepared under the Danish Financial Statements Act. Based on the work performed, in our opinion, the financial statements give a true and fair view of the Company's financial position at 30 September 2024 and of the results of the Company's operations for the financial year 1 October 2023 - 30 September 2024 in accordance with the Danish Financial Statements Act. Basis for conclusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Practitioner's responsibilities for the extended review of the Financial Statements" section of our report. We are independent of the Company 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management 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 Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion. An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. 1. The significant activities of the enterprise The purpose of the company is to act as a holding company and hereby related business. 2. Capital loss The company has lost more than half of the company capital and is therefore covered by the rules about Capital loss in section 119 of selskabsloven. The company expects restoration of the company capital via future earnings in the participating interest. In addition, the shareholder has confirmed that the necessary liquidity will be made available in the coming financial year. 5. Charges and security The company has no plegde or collateral at 30. September 2024. 6. Contingencies Contingent liabilities There is no contingent liabilitiesThe annual report for ECD 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 loss Gross loss contains other external costs. Other external costs comprise costs incurred for administration. Results from participating interest Dividend from participating interest is recognised in the financial year in which the dividend is declared. Financial income and expenses Financial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest 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. Investments in associates/participating interest Investments in associates which, in the statement of financial position are presented as participating interests, are recognised and measured at cost. If the recoverable amount is lower than the cost price, it shall be written down for impairment to this lower value. Impairment loss relating to non-current assets The carrying amount of equity investment in participating interest are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Writedown for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Impairment relating to goodwill is not reversed. Cash and cash equivalents Cash equivalents comprise cash at bank. Income tax and deferred tax Current tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Liabilities other than provisions Other liabilities concerning payables to suppliers and other payables are measured at amortised cost which usually corresponds to the nominal value. 426273482023-10-012024-09-30426273482022-10-012023-09-30426273482023-09-30426273482024-09-30426273482023-10-012024-09-301426273482023-10-012024-09-301426273482023-10-01e:ContributedCapitalMember426273482024-09-30e:ContributedCapitalMember426273482023-10-01e:RetainedEarningsMember426273482023-10-012024-09-30e:RetainedEarningsMember426273482024-09-30e:RetainedEarningsMember426273482024-09-30e:OtherLongtermPayablesMember426273482022-10-01e:ContributedCapitalMember426273482023-09-30e:ContributedCapitalMember426273482022-10-01e:RetainedEarningsMember426273482022-10-012023-09-30e:RetainedEarningsMember426273482023-09-30e:RetainedEarningsMember426273482023-10-01e:ParticipatingInterestsMember426273482023-10-012024-09-30e:ParticipatingInterestsMember426273482024-09-30e:ParticipatingInterestsMember426273482022-10-01e:ParticipatingInterestsMember426273482022-10-012023-09-30e:ParticipatingInterestsMember426273482023-09-30e:ParticipatingInterestsMember426273482023-10-012024-09-30e:OtherRelatedEntitiesMember1426273482024-09-30e:OtherRelatedEntitiesMember1iso4217:DKKxbrli:pure