45426475 2025-02-21 2025-12-31 45426475 2025-02-21 2025-12-31 1 45426475 2025-02-21 2025-12-31 1 45426475 2025-12-31 45426475 2025-02-21 2025-12-31 d:ContributedCapitalMember 45426475 2025-02-21 2025-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 45426475 2025-02-21 2025-12-31 d:RetainedEarningsMember 45426475 2025-12-31 d:ContributedCapitalMember 45426475 2025-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 45426475 2025-12-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure Årsrapport 2026-07-11 Andre erklæringer uden sikkerhed Matthew James Orlando Beierholm Regnskabsklasse B 2026-07-11 Beierholm Langagervej 1 9220 Aalborg Ø 2300 2025-02-21 295 2025-12-31 45426475 2605 København S Closed Loop ApS Store Mølle Vej Brøndby 19 2 th København S 32895468 Park Allé Danmark I have on this day presented the annual report for the financial year 21.02.25 - 31.12.25 for Closed Loop ApS. The annual report is presented in accordance with the Danish Finan­cial Sta­te­ments Act. The fi­nan­cial sta­te­ments have not been audited, and I declare that the relevant conditions have been met. In my opinion, the financial statements give a true and fair view of the company's assets, liabilities and financial position as at 31.12.25 and of the results of the company's activities for the financial year 21.02.25 - 31.12.25. The annual report is submitted for adoption by the general meeting. Matthew James Orlando To the management of Closed Loop ApSBased on the company's accounting material and other in­for­ma­tion provided by ma­na­ge­ment, we have compiled the fi­nan­cial sta­te­ments of Closed Loop ApS for the financial year 21.02.25 - 31.12.25.The fi­nan­cial sta­te­ments comprise in­co­me sta­te­ment, ba­lan­ce sheet, statement of changes in equity and notes to the financial statements, including material accounting policy information.We performed this compilation engagement in accordance with ISRS 4410, Engagements to Compile Financial Statements.We have applied our professional expertise to assist management with the preparation and pre­sen­tation of the fi­nan­cial sta­te­ments in accordance with the Danish Finan­cial Sta­te­ments Act. We have complied with rele­vant provisions of the Danish Act on Appro­ved Auditors and Audit Firms and the code of ethics of International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, professional competence and due care.The fi­nan­cial sta­te­ments and the accuracy and com­plete­ness of the in­for­ma­tion used to compile them are management's responsibility.Since a compilation engagement is not an as­su­ran­ce engagement, we are not required to verify the accuracy or completeness of the information pro­vided by management for the compilation of the fi­nan­cial sta­te­ments. Accordingly, we do not express an audit opinion or a review con­clusion on whether the fi­nan­cial sta­te­ments are prepared in accordance with the Danish Finan­cial Sta­te­ments Act. To the management of Closed Loop ApS Brøndby Michael Steen Khathi Jacobsen Registered Public Accountant mne35403 -10000 -1066349 -1076349 -1066349 -10000 3348049 3348049 3348049 40000 40000 40000 3388049 40000 3348049 -10000 3378049 10000 10000 10000 3388049 Figures in DKKContributed capitalReserve for net revaluation according to the equity methodRetained earningsStatement of changes in equity for 21.02.25 - 31.12.25Capital contributed on establishment40,00000Other changes in equity04,414,3980Net profit/loss for the year0-1,066,349-10,000Balance as at 31.12.2540,0003,348,049-10,000 40000 4414398 -1066349 -10000 40000 3348049 -10000 1.Primary activitiesThe company's purpose is to own subsidiaries and to operate a restaurant business through a subsidiary. 3.Contingent liabilitiesOther contingent liabilitiesThe company is taxed jointly with the other Danish companies in the group and has joint, several and unlimited liability for income taxes and any obligations to withhold tax at source on interest, royalties and dividends for the jointly taxed companies. The liability also includes any subsequent corrections to the calculated tax liability as a consequence of changes made to the jointly taxable income etc. A deferred tax asset of DKK 2 thousand has not been recognized in the annual report. 0 The annual report is presen­ted in ac­cord­ance with the provisions of the Danish Fi­nan­cial Statements Act (Årsregn­skabs­lov­en) for enterprises in re­port­ing class B with application of pro­vi­sions for a higher reporting class. No comparative figures have been provided as this is the company's first financial year. In accordance with section 110 of the Danish Financial State­ments Act, the company has not prepared consolidated financial statements. Basis of recognition and measurementIncome is recognised in the income state­ment as earned, including value adjust­ments of fin­an­cial assets and liabilities. All ex­penses, including depreciation, amortisa­tion, impair­ment losses and write-downs, are also recognised in the in­come state­ment.Assets are recognised in the balance sheet when it is probable that future economic bene­fits will flow to the company, and the value of such assets can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company, and the value of such liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below.On recognition and measurement, account is taken of foreseeable losses and risks arising before the date at which the annual report is presented and proving or disproving matters arising on or before the balance sheet date. Gross lossGross loss comprises other external ex­penses. Other external expensesOther external expenses comprise costs re­lating to distribution, sales and advertising and administration, premises and bad debts to the extent that these do not exceed normal write-downs. Income from equity investments in group en­tre­prisesFor equity investments in equity invest­ments in sub­si­di­ar­ies, measured using the equity method, the share of the enterprises’ profit or loss is recognised in the income statement after elimination of unrealised intercompany profits and losses and less any goodwill amortisation and impairment losses. Income from equity investments in equity investments in sub­si­di­ar­ies also comprises gains and losses on the sale of equity investments. Tax on profit/loss for the yearThe current and deferred tax for the year is recognised in the income statement as tax on the profit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equity with the portion attributable to amounts recognised directly in equity.The company is jointly taxed with Danish consolidated enterprises. The parent is the ad­min­is­tra­tion company for the joint taxation and thus settles all income tax payments with the tax authorities.In connection with the settlement of joint taxation contributions, the current Danish income tax is allocated between the jointly taxed enterprises in proportion to their tax­able incomes. This means that enter­prises with a tax loss receive joint taxation contributions from enterprises which have been able to use this loss to reduce their own taxable profit. Equity investments in group en­tre­prisesEquity investments in subsidiaries are recognised and measured according to the equity method. For equity investments in subsidiaries, the equity method is considered a measurement method.On initial recognition, equity investments measured according to the equity method are measured at cost. Transaction costs directly attributable to the acquisition are recognised in the cost of equity investments. Under subsequent recognition and measurement of equity investments according to the equity method, equity investments are measured at the proportionate share of the enterprises' equity value, determined according to the accounting policies of the parent, adjusted for the remaining value of goodwill and gains and losses on transactions with theenterprises in question. Equity investments, where information for recognition according to the equity method is not known, are measured at cost.For equity investments measured according to the equity method, the proportionate share of the equity investments' equity value is determined according to the accounting policies of the parent, stated in the other sections. Equity value is also based on the following accounting policies:Gains or losses on disposal of equity investments are determined as the difference between the disposal consideration and the carrying amount of net assets at the time of sale, including non-amortised goodwill, as well as the expected costs of divestment or discontinuation. Gains and losses are recognised in the income statement under income from equity investments. Impairment losses on fixed assetsThe carrying amount of fixed assets which are not measured at fair value is assessed annually for indications of impairment over and above what is reflected in de­pre­ci­a­tion and amor­ti­sa­tion.If the company's realised return on an asset or a group of assets is lower than expected, this is considered an indication of impairment.If there are indications of impairment, an impairment test is conducted of individual assets or groups of assets.The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount.The higher of net selling price and value in use is used as the recoverable amount. The value in use is determined as the present value of expected net cash flows from the use of the asset or group of assets as well as expected net cash flows from the sale of the asset or group of assets after the expiry of their useful lives.Impairment losses are reversed when the reasons for the impairment no longer exist. ReceivablesReceivables are measured at amortised cost, which usually corresponds to the nom­inal value, less write-downs for bad debts.Write-downs for bad debts are determined based on an individual assessment of each receivable if there is no objective evidence of individual impairment of a receivable. EquityThe net revaluation of equity investments measured according to the equity method is recognized in the net revaluation reserve in equity according to the equity method to the extent that the carrying amount exceeds the cost. Current and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the basis of the taxable income for the year, adjusted for tax paid on account.Joint taxation contributions payable and receivable are recognised as income tax under receivables or payables in the balance sheet.Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences between the carrying amounts and tax bases of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is non-amortisable for tax purposes and other items where temporary differ­ences, except for acquisitions, have arisen at the date of acquisition without affecting the net profit or loss for the year or the tax­able income. In cases where the tax value can be determined according to different taxation rules, deferred tax is measured on the basis of management’s intended use of the asset or settlement of the liability.Deferred tax assets are recognised, following an assessment, at the expected realisable value through offsetting against deferred tax liabilities or elimination in tax on future earnings.Deferred tax is measured on the basis of the tax rules and at the tax rates which, according to the legislation in force at the balance sheet date, will be applicable when the deferred tax is expected to crystallise as current tax. PayablesShort-term financial payables are measured at amortised cost, normally corresponding to the nominal value of such payables. Other short-term payables are measured at net realisable value.