39433184 2025-01-01 2025-12-31 39433184 2025-01-01 2025-12-31 1 39433184 2024-01-01 2024-12-31 39433184 2025-12-31 39433184 2024-12-31 39433184 2025-01-01 2025-12-31 1 iso4217:DKK xbrli:pure Årsrapport 25492145 RSM Danmark, Statsautoriseret Revisionspartnerselskab Prinsessegade, 60 7000, Fredericia 2024-01-01 2024-12-31 2025-01-01 2025-12-31 39433184 TILDA ApS Stefansgade 47 2200 København N RSM Danmark, Statsautoriseret Revisionspartnerselskab 25492145 Søren Fricke statsautoriseret revisor mne34262 Prinsessegade 60 7000 Fredericia Danmark +45 76 34 40 05 fredericia@rsm.dk 2026-07-06 Francesco Cunsolo Regnskabsklasse B Andre erklæringer uden sikkerhed CaseWare fra Revisorgruppen Danmark kapitalejeren Fredericia 2026-07-02 København N 2026-07-02 2736154 2066437 2085284 1952735 59516 127303 77901 0 513453 -13601 0 584 58516 85380 454937 -98397 454937 -98397 454937 -98397 0 13539 0 13539 4234 50211 4234 50211 64644 63852 64644 63852 68878 127602 25000 0 25000 0 53425 68312 53425 68312 460441 354037 538866 422349 607744 549951 0 100000 100000 -636626 -1091563 -536626 -991563 80777 80777 671895 981307 752672 1062084 26371 15317 365327 464113 391698 479430 1144370 1541514 607744 549951 2034185 1917496 51099 35239 2085284 1952735 6 5 Today, the Managing Director has approved the annual report of TILDA 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. The Managing Director consider the conditions for audit exemption of the 2025 financial statements to be met. 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. Francesco Cunsolo We have compiled the financial statements of TILDA ApS for the financial year 1 January - 31 December 2025 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 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. Description of key activities of the companyThe company's acticities comprise operation of restaurant business, including café and bar, catering and associated business. Uncertainties connected with recognition or measurementTere have been no material uncertainties affecting the recognition or measurement of assets and liabilities in the financial statements. Unusual circumstancesThere have been no unusual circumstances affecting recognition or measurement. Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. During the 2025 financial year, the Company experienced a fire at its premises, resulting in significant damage to the property, fixtures and fittings. In this connection, the Company received insurance compensation of approximately DKK 1.4 million to cover the physical damage as well as the loss of earnings incurred during the period in which the restaurant was closed. All costs relating to the replacement of fixtures, fittings and equipment were incurred during the 2025 financial year, and the restaurant has since reopened. Management expects that the Company's current profitable operating performance can be maintained in the coming financial years. The Company pays its creditors as they fall due, and there are no defaults on any of the Company's liabilities. The most significant liability recognised in the financial statements is a loan from the shareholder, which is expected to be repaid as the Company's liquidity permits. Based on the above, Management has concluded that the Company has adequate financial resources to continue its operations for at least 12 months from the balance sheet date. Accordingly, the financial statements have been prepared on a going concern basis. Events occurring after the end of the financial yearSubsequent to the balance sheet date, no events have occurred that would materially affect the company's financial position. 1.Uncertainties relating to going concernDuring the 2025 financial year, the Company experienced a fire at its premises, resulting in significant damage to the property, fixtures and fittings. In this connection, the Company received insurance compensation of approximately DKK 1.4 million to cover the physical damage as well as the loss of earnings incurred during the period in which the restaurant was closed. All costs relating to the replacement of fixtures, fittings and equipment were incurred during the 2025 financial year, and the restaurant has since reopened. Management expects that the Company's current profitable operating performance can be maintained in the coming financial years. The Company pays its creditors as they fall due, and there are no defaults on any of the Company's liabilities. The most significant liability recognised in the financial statements is a loan from the shareholder, which is expected to be repaid as the Company's liquidity permits. Based on the above, Management has concluded that the Company has adequate financial resources to continue its operations for at least 12 months from the balance sheet date. Accordingly, the financial statements have been prepared on a going concern basis.   2.Special itemsSpecial items include significant income and expenses of a special nature relative to the enterprise's ordinary operating activities, such as the cost of extensive structuring of processes and fundamental structural adjustments and any related gains on disposal and losses which, over time, have a significant impact. Special items also include other significant amounts of a nonrecurring nature. As mentioned in the management commentary, the net profit or loss for the year is affected by a number of factors that differ from what is considered by management to be part of operating activities. Special items for the year are specified below, indicating where they are recognised in the income statement. 20252024 Income: Insurance compensation received in connection with a fire.1.451.6410 1.451.6410Expenses: Repayment of COVID-19 compensation.77.9010 77.9010Special items are recognised in the following items in the financial statements: Gross profit1.451.6410Other operating expenses-77.9010 Profit of special items, net1.373.7400 5.Charges and securityNon 6.Contractual obligations and contingencies, etc.Lease commitmentsThe company has concluded lease agreements with terms to maturity of six months termination period. The total liability in the termination period amounts to DKK 102.000 Joint taxationWith FC Hospitality Holding ApS, company reg. no 45 89 91 28 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. The annual report for TILDA 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, write-downs 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. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Gross profitGross profit comprises the revenue, changes in inventories of finished goods, and work in progress, own work capitalised, other operating income, and external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes in inventories. Other operating income comprises items of a secondary nature as regards the principal activities of the enterprise, including profit from the disposal of intangible and tangible assets, operating loss and conflict compensation as well as salary reimbursements received. Compensation is recognized when it is overwhelmingly probable that the company will receive the compensation. Other external expenses comprise expenses incurred for sales, advertising,  premises and administration.  Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of intangible and tangible assets, respectively. Other operating expensesOther operating expenses comprise items of secondary nature as regards the principal activities of the enterprise, including losses on the disposal of intangible and tangible assets. 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, financial expenses from financial leasing, 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.  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). Intangible assetsGoodwillAcquired goodwill is measured at cost less accumulated amortisation. Given that it is impossible to make a reliable estimate of the useful life, the amortisation period is set at 7 years. Property, plant, and equipmentProperty, plant, and equipment are measured at cost less accrued depreciation and write-down for impairment. The depreciable amount is cost less any expected residual value after the end of the useful life of the asset. The amortisation period and the residual value are determined at the acquisition date and reassessed annually. If the residual value exceeds the carrying amount, the depreciation is discontinued. If the amortisation period or the residual value is changed, the effect on amortisation will, in future, be recognised as a change in the accounting estimates. The cost comprises acquisition cost and costs directly associated with the acquisition until the time when the asset is ready for use. Depreciation is done on a straight-line basis according to an assessment of the expected useful life: Useful lifePlant and machinery3yearsOther fixtures and fittings, tools and equipment3-7years Minor assets with an expected useful life of less than 1 year are recognised as costs in the income statement in the year of acquisition. Profit or loss derived from the disposal of property, land, and equipment is measured as the difference between the sales price less selling costs and the carrying amount at the date of disposal. Profit or loss is recognised in the income statement as other operating income or other operating expenses. DepositsDeposits are measured at amortised cost and represent lease deposits, etc. Impairment loss relating to non-current assetsThe carrying amount of both intangible and tangible fixed assets 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. write-down 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. InventoriesInventories are measured at cost according. In cases when the net realisable value of the inventories is lower than the cost, the latter is written down for impairment to this lower value. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand. Liabilities other than provisionsLiabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value.