iso4217:DKK395474492020-01-012020-12-31395474492020-01-012020-12-311395474492020-01-012020-12-311395474492020-01-012020-12-312395474492020-01-012020-12-31395474492019-01-012019-12-31395474492020-01-012020-12-31fsa:RetainedEarningsMember395474492019-01-012019-12-31fsa:RetainedEarningsMember395474492020-01-012020-12-31fsa:RetainedEarningsMember395474492020-12-31395474492019-12-31395474492020-01-01fsa:ContributedCapitalMember395474492020-01-01fsa:RetainedEarningsMember395474492020-01-01395474492020-12-31fsa:ContributedCapitalMember395474492020-12-31fsa:RetainedEarningsMember2021-06-222021-06-22true339635562019-01-012019-12-31Odense51005Tværkajen, Postboks 10Deloitte Statsautoriseret RevisionspartnerselskabAarhusAarhus C8000Regnskabsklasse BRevisionspåtegning2020-12-312020-01-01<br /><br />2SilkeborgvejAvre 12 DK ApS under frivillig likvidation39547449339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Liquidators have today considered and approved the annual report of Avre 12 DK ApS under frivillig likvidation for the financial year 01.01.2020 - 31.12.2020.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2020 and of the results of its operations for the financial year 01.01.2020 - 31.12.2020.We believe that the liquidator's commentary contains a fair review of the affairs and conditions referred to therein.We recommend the annual report for adoption at the Annual General Meeting.FranceLouis Marie Christophe BasseMarc Jean Pierre SénéchalTo the shareholders of Avre 12 DK ApS under frivillig likvidationWe have audited the financial statements of Avre 12 DK ApS under frivillig likvidation for the financial year 01.01.2020 - 31.12.2020, which comprise the income statement, balance sheet, statement of changes in equity and ​notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​ ​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2020 and of the results of its operations for the financial year 01.01.2020 - 31.12.2020 in accordance with the Danish Financial Statements Act.We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board of Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.We point out that the Entity is in liquidation. Consequently, the financial statements are not prepared on a going concern basis. Our opinion has not been modified with respect to this matter.The Liquidator 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 the Liquidator determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:<br />Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. <br />Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Entity’s internal control. <br />Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Liquidator. <br />Evaluate the overall presentation, structure and content of the financial statements, including the disclosures in the notes, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.<br />We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.The Liquidator is responsible for the liquidator commentary. Our opinion on the financial statements does not cover the liquidator commentary, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the liquidator commentary and, in doing so, consider whether the liquidator commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the liquidator commentary provides the information required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the liquidator commentary 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 of the liquidator commentary. OdenseHeino Hyllested Tholsgaardmne34511State Authorised Public AccountantPrimary activitiesThe company's prime acitivity is purchase and sale of properties. The property is sold in 2019, and the company has no activity and is being closed.Development in activities and financesLoss for the year is DKK 846,263 which Liquidators considers satisfactory under the circumstances. OutlookIt is expected that the Company will be shut down by voluntary liquidation in 2021.Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.03375780970618671710312781340406354-71710383592760550188070801799141342386269-8513416292440-50781465278-8462634827162-8462634827162-84626363991522178631879282328385113251919733060297018239032519197332426873251919733242687200000200000398089948271624180899502716220000048271625027162200000398089904159432626684826148096146520014652786062501862082833829828215525283382982821552532519197332426871 Going concernIt was decided at the extraordinary general meeting held on 24 May 2019 to liquidate the Company according to the provisions of the Danish Companies Act governing voluntary winding-up of limited liability companies. Since the Company is in the course of liquidation, the Company’s accounting policies have been adjusted to reflect this, and the annual report is presented according to the net realisable principle. The Company is expected to be liquidated in 2021 as a voluntary liquidation.2 Other operating incomeOther operating income in 2019 consist of profit from the sale of property.3 Impairment losses on financial assetsImpairment losses on financial assets in 2019 consists of write-down of group receivables. 4 Tax on profit/loss for the year2020 DKK2019 DKKCurrent tax01,465,278Adjustment concerning previous years(5,078)0(5,078)1,465,2785 Other receivablesOther receivables consist mainly of deposit of property's selling price. 6 Contingent liabilitiesThe Company is administration company in a Danish joint taxation arrangement which Dalum Papir A/S under frivillig likvidation. According to the joint taxation provisions of the Danish Corporation Tax Act, the Company is therefore liable for income taxes etc. for the jointly taxed companies and also for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed companies. The entity has signed a letter to support the sister company Dalum Papir A/S under likvidation. This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of certain provisions for reporting class C.Accounting policiesThe Company is in liquidation according to the rules of voluntary liquidation. Accounting policies as recognition, measurement and classification and preparation of financial statement items, etc have been performed in consideration of the Company’s assets and liabilities being subject to realisation. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates.RevenueRevenue is measured ex. discounts and bonuses etc. And is recognised in the income statement provided that transfer of risk to the buyer has taken place before year end. Reventue is measured ex. VAT and taxes charged on befald of third parties. Revenue also includes intercompany re-charges. Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Property costsProperty costs include costs incurred to operate the Entity’s properties in the financial year, including repair and maintenance costs, property tax and electricity, water and heating, which are not charged directly from the lessee.Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, incuding interest income on receivables from group enterprises, net capital gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax re-lief under the Danish Tax Prepayment Scheme etc. Impairment losses on financial assetsImpairment losses on financial assets comprise impairment losses on financial assets which are not measured at fair value on a current basis.Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc from payables to group enterprises.<br />Other financial expensesOther financial expenses comprise interest expenses, including expenses on payables to group en-terprises, net capital losses on securities, payables and transations in foreign currencies, amortisa-tion of financial liabilities as well as tax surcharge under the Danish Tax Prepayment Scheme etc. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.ReceivablesReceivables are measured at net realisable value. CashCash comprises cash in hand and bank deposits.Other financial liabilitiesOther financial liabilities are measured at net realisable value. Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.2021-06-22Pierre Martin Ellegaard Adolfsen