Årsrapport36074981Addea AuditAmaliegade 35, 1.1256 Købenahvn K2017-01-012017-12-312016-01-012016-12-312018-05-0736068612Loulou Studio IVSBirkegade42200KøbenhavnDKDanmark2014-08-19Copenhagen2018-05-07Alana Louise KeoghRegnskabsklasse BtrueAndre erklæringer uden sikkerhedThe executive board has today discussed and approved the annual report of Loulou Studio IVS for the financial year 1 January - 31 December 2017.The annual report is prepared in accordance with the Danish Financial Statements Act.In my opinion, the financial statements give a true and fair view of the company's financial position at 31 December 2017 and of the results of the company's operations for the financial year 1 January - 31 December 2017.In my opinion, management's review includes a fair review of the matters dealt with in the management's review.The financial statements have not been audited. Manangement declares that the criteria for omission of audit are met.Management recommends that the annual report should be approved at the annual general meeting.Alana Louise KeoghTo the shareholder of Loulou Studio IVSWe have compiled the financial statements for the financial year 1 January - 31 December 2017 of Loulou Studio IVS based on the company's bookkeeping and other information the enterprise have provided. The financial statements comprises summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. We have applied our professional expertise to assist the enterprise in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Auditor Regulation and FSR – Danish Auditors' code of ethics, 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 the enterprise´s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information enterprise 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.Copenhagen2018-05-07Addea AuditAnders Salomonsenstatsautoriseret revisormne40143Business activities The company's objective is to provide services within furniture and interior design and further produce furniture. Business review The Company's income statement for the year ended 31. december shows a profit of DKK 14.489, and the balance sheet at 31 December 2017 shows negative equity of DKK 5.106. The Company's management is aware that the share capital is lost and expects theshare capital is re-established through future earnings.The annual report of Loulou Studio IVS for 2017 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected provisions as regards larger entities. The accounting policies applied are consistent with those of last year. The annual report for 2017 is presented in DKKIncome is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, 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 the asset 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 the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item. Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any instalments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount. On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date.In pursuance of section 32 of the Danish Financial Statements Act, the Company does not disclose its revenueIn pursuance of section 32 of the Danish Financial Statements Act, the Company does not disclose its revenue. The gross profit reflects an aggregation of revenue and other operating income less other external expensesStaff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. The item is net of refunds made by public authorities.Other external expenses include expenses related to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc.Amortisation, depreciation and impairment losses comprise the year's amortisation, depreciation and impairment of intangible assets and property, plant and equipment.Financial income and expenses include interest as well as extra payments and repayment under the onaccount taxation scheme.Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, including changes arising from changes in tax rates, is recognised in the income statement as regards the portion that relates to entries directly in equity.Receivables are measured at amortised cost.Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account. Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Deferred tax is measured on the basis of the taxation rules and taxation rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax.Liabilities, which include trade receivables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value.151031554102851515103-12974614155214489-145260014489-1452614489-1452620501921192121261921212619212126192111-5107-19596-5106-195952981342309092934293540004249723221516723221516212619211-19596144891-5107 0279050394021602851501There have been no changes in the share capital during the last 5 years.360686122017-01-012017-12-31360686122017-01-012017-12-311360686122016-01-012016-12-31360686122017-01-012017-12-31d:RetainedEarningsMember360686122016-01-012016-12-31d:RetainedEarningsMember360686122016-12-31360686122017-12-31360686122017-01-012017-12-311360686122017-01-01d:ContributedCapitalMember360686122017-12-31d:ContributedCapitalMember360686122017-01-01d:RetainedEarningsMember360686122017-01-012017-12-31d:RetainedEarningsMember360686122017-12-31d:RetainedEarningsMemberiso4217:DKKxbrli:pure