41935863 2025-01-01 2025-12-31 41935863 2025-01-01 2025-12-31 1 41935863 2024-01-01 2024-12-31 41935863 2025-12-31 41935863 2024-12-31 41935863 2025-01-01 d:ParticipatingInterestsMember 41935863 2024-01-01 d:ParticipatingInterestsMember 41935863 2025-12-31 d:ParticipatingInterestsMember 41935863 2024-12-31 d:ParticipatingInterestsMember 41935863 2025-01-01 2025-12-31 d:ParticipatingInterestsMember 41935863 2024-01-01 2024-12-31 d:ParticipatingInterestsMember 41935863 2025-01-01 2025-12-31 d:OtherRelatedEntitiesMember 1 41935863 2025-12-31 d:OtherRelatedEntitiesMember 1 41935863 2025-01-01 d:OtherReceivablesMember 41935863 2025-01-01 2025-12-31 d:OtherReceivablesMember 41935863 2025-12-31 d:OtherReceivablesMember 41935863 2025-01-01 d:ContributedCapitalMember 41935863 2024-01-01 d:ContributedCapitalMember 41935863 2025-12-31 d:ContributedCapitalMember 41935863 2024-12-31 d:ContributedCapitalMember 41935863 2025-01-01 d:RetainedEarningsMember 41935863 2024-01-01 d:RetainedEarningsMember 41935863 2025-01-01 2025-12-31 d:RetainedEarningsMember 41935863 2024-01-01 2024-12-31 d:RetainedEarningsMember 41935863 2025-01-01 2025-12-31 d:ProposedExtraordinaryDividendRecognisedInEquityMember 41935863 2024-01-01 2024-12-31 d:ProposedExtraordinaryDividendRecognisedInEquityMember 41935863 2025-12-31 d:RetainedEarningsMember 41935863 2024-12-31 d:RetainedEarningsMember 41935863 2025-01-01 d:ProposedDividendRecognisedInEquityMember 41935863 2024-01-01 d:ProposedDividendRecognisedInEquityMember 41935863 2025-01-01 2025-12-31 d:ProposedDividendRecognisedInEquityMember 41935863 2024-01-01 2024-12-31 d:ProposedDividendRecognisedInEquityMember 41935863 2025-12-31 d:ProposedDividendRecognisedInEquityMember 41935863 2024-12-31 d:ProposedDividendRecognisedInEquityMember 41935863 2025-01-01 2025-12-31 1 iso4217:DKK xbrli:pure Årsrapport 34209936 Grant Thornton, Godkendt Revisionspartnerselskab Lautrupsgade, 11 2100, København Ø 2024-01-01 2024-12-31 2025-01-01 2025-12-31 41935863 A. Emmins Holding ApS Bandholmvej 6 2500 Valby Grant Thornton, Godkendt Revisionspartnerselskab 34209936 Carsten Ingemann Johansen statsautoriseret revisor mne32071 Lautrupsgade 11 2100 København Ø Danmark +45 33 110 220 info@dk.gt.com 2026-03-30 Alan Michael Kevin Emmins Regnskabsklasse B Erklæring om udvidet gennemgang Ja CaseWare fra Revisorgruppen Danmark anpartshaveren København 2026-03-30 Valby 2026-03-30 Grundlag for konklusion Konklusion -8823 -16581 -8823 -16581 0 -168171 630000 187052 27058 152339 334384 455 313851 154184 0 5186 313851 148998 0 111000 158800 200000 155051 -162002 70000 70000 155005 238363 225005 308363 225005 308363 3724 0 1288 0 5012 0 1169963 990728 1169963 990728 14758 16293 1189733 1007021 1414738 1315384 0 40000 40000 1205876 1050825 158800 200000 1404676 1290825 0 1646 10062 22913 10062 24559 10062 24559 1414738 1315384 0 0 334384 455 334384 455 70000 90000 70000 90000 0 -20000 0 -20000 70000 70000 Androbin ApS Farvergade 8, 1463 København K 35 4485838 1077438 238363 6642 -90000 155005 155005 40000 40000 40000 40000 1050825 1212827 155051 -162002 0 111000 0 111000 1205876 1050825 200000 61000 200000 61000 158800 200000 158800 200000 Today, the Managing Director has approved the annual report of A. Emmins Holding ApS for the financial year 1 January - 31 December 2025. 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 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025. Further, in my 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. Alan Michael Kevin Emmins We have performed an extended review of the financial statements of A. Emmins Holding ApS for the financial year 1 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. 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 31 December 2025 and of the results of the Company's operations for the financial year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act. Basis for OpinionWe 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. Statement on the Management’s ReviewManagement is responsible for the Management’s Review. Our conclusion on the financial statements does not cover the Management’s Review, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements, our responsibility is to read the Management’s Review and, in doing so, consider whether the Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management’s Review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Management’s Review. Description of key activities of the companyLike previous years, the purpose is to own shares along with other assets managment.  Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. The gross loss for the year totals DKK -8.823 against DKK -16.581 last year. Profit or loss from ordinary activities after tax totals DKK 313.851 against DKK 148.998 last year. Management considers the net profit or loss for the year satisfactory. Events occurring after the end of the financial yearAfter the end of the financial year, no events have occured that could materially affect the company's financial position. The annual report for A. Emmins Holding 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 generalIncome 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. Certain financial assets and liabilities are measured at amortised cost, allowing a constant effective interest rate to be recognised during the useful life of the asset or liability. Amortised cost is recognised as the original cost less any payments, plus/less accrued amortisations of the difference between cost and nominal amount. In this way, capital losses and gains are allocated over the useful life of the liability. 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 lossGross loss comprises external costs. Other external costs comprise costs incurred for administration. Results from participating interestDividend from participating interest is recognised in the financial year in which the dividend is declared. If the dividend received exceeds the proportionate share of the year's result, this is considered an indication of impairment, which entails a requirement to prepare an impairment test. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreign currency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under the advance tax scheme, etc. Tax on net profit or loss for the yearTax 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.  Participating interestParticipating interest is 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 assetsThe carrying amount of both intangible and tangible fixed assets as well as 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. ReceivablesReceivables are measured at amortised cost which usually corresponds to face value. In order to meet expected losses, they are written down for impairment to the net realisable value. Financial instruments and equity investmentsFinancial instruments and equity investments recognised under current assets consist of listed shares and bonds which are measured at fair value on the reporting date. Unlisted equity investments are measured at cost. Writedown takes place to the recoverable amount if this value is lower than the carrying amount. Cash on hand and demand depositsCash on hand and demand deposits comprise cash at bank. Equity DividendDividend expected to be distributed for the year is recognised as a separate item under equity. Income tax and deferred taxCurrent 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 provisionsOther liabilities concerning other payables are measured at amortised cost which usually corresponds to the nominal value. 6.Disclosures on fair value Listed shares Fair value at 31 December 20251.169.963 Unrealised change in fair value of the year recognised in the statement of financial activity-394.485 7.Charges and securityAs security for the participating interest's overdraft facility with a third party as of the balance sheet date, amounting to DKK 689.958, an unlimited guarantee of surety has been provided.