33039417 2025-01-01 2025-12-31 33039417 2025-01-01 2025-12-31 1 33039417 2025-01-01 2025-12-31 1 33039417 2024-01-01 2024-12-31 33039417 2025-12-31 33039417 2024-12-31 33039417 2024-12-31 fsa:ContributedCapitalMember 33039417 2024-12-31 fsa:RetainedEarningsMember 33039417 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 33039417 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 33039417 2025-12-31 fsa:ContributedCapitalMember 33039417 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK Pradeep Pattem Statement by Management The management have today considered and adopted the annual report for the financial year 1 January - 31 December 2025 for Phoam Studio ApS. The annual report is prepared in accordance with the Danish Financial Statement Act. In our opinion, the financial statements give a true and fair view of the financial position as at 31 December 2025 of the Company and of the results of the Company’s operations for 2025. It is also our opinion that the Management’s Review a true and fair account of the development of Company’s activities and financial conditions, the profit for the period and the Company’s financial position as a whole, and a description of the significant risks and uncertainty factors that the Company faces. The annual report is submitted to the Ordinary General Meeting for approval. Copenhagen Pradeep Pattem Ilias Drakopoulos Phoam Studio ApS Amaliegade 6, 2 tv 1256 København K 33039417 Copenhagen Key activities The company's main activity is to run an architectural business. Development in the year The income statement of the Company for 2025 shows a loss of DKK 0 Million (2024: loss of DKK 0.0 million), and on 31 December 2025, the balance sheet of the Company shows equity of DKK -2.4 million (2024: DKK -2.4 million). Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 0 0 0 0 0 0 0 0 0 0 0 1000 0 -1000 0 0 0 -1000 0 -1000 25000 25000 25000 25000 205000 205000 2313000 2313000 178000 178000 2696000 2696000 2721000 2721000 133000 133000 -2557000 -2557000 -2424000 -2424000 85000 85000 4700000 4700000 360000 360000 5145000 5145000 2721000 2721000 133000 -2557000 -2424000 0 0 0 133000 -2557000 -2424000 true true Recognition and measurement Revenues are recognised in the income statement as earned. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset 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 out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. PROFIT AND LOSS STATEMENT Gross profit Gross profit includes net revenue and other external costs. Revenue is recognized in the income statement when the delivery and risk transfer to the buyer has taken place before the end of the year, and if the income can be reliably calculated and expected to be received. Other external costs include cost of sales, advertising, administration, rent of premises and losses from debtors. Financial income and expenses Financial items include interest income and interest expenses, foreign exchange rate adjustments, amortization premiums / discounts, realized and unrealized gains and losses on securities as well as surcharges and refunds under the tax. Tax on profit/loss for the year Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. The Company is jointly taxed with Danish group enterprises. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable incomes. Machinery and equipment All machinery and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of those parts that are replaced is derecognized. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. Depreciation, based on a component approach, is calculated using the straight line method to allocate the cost over the asset’s estimated useful lives. Machinery and equipment are depreciated over the assets/components estimated useful lives in 5 years. Small assets with an expected useful life of less than 1 year are recognized as costs in the income statement in the year of acquisition. Depreciation is based on revalued amount less the estimated residual value after useful life (residual value). Receivables Receivables are measured at amortized cost. Impairment losses are made for losses which are deemed to have resulted in an objective indication that an individual receivable is impaired. Prepayments Prepayments recognized under assets comprise incurred costs related to coming financial years. Prepayments are measured at cost. Deferred tax assets and liabilities Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Dividends Dividends are recognized as a liability at the time of adoption at the general meeting. Dividends proposed for distribution is shown as a separate component of equity until the Annual General Meeting. Liabilities Financial liabilities are initially measured at fair value and subsequently measured as described below. Financial liabilities are derecognized when they expiry, are cancelled or are converted into equity. A substantial modification of the terms of a financial liability is treated as a settlement of the original liability and recognition of a new liability. A change in the present value of the contractual cash flows with at least 10%, measured on the basis of the original effective interest rate, is treated as a substantial modification. Other liabilities, including non-current liabilities, debt to suppliers and other debt, are measured at amortized cost. When a financial liability without equity conversion features is converted into equity, the liability is considered settled at the fair value of the shares issued. A gain or loss is recognized in financial items. Note 2 – Financial expenses Amounts in DKK 2025 2024 Interest expenses, liabilities to credit institutions measured at amortized cost 0 0 Interest expenses, liabilities to related entities 0 0 0 0 Note 3 – Transactions with related parties As stated in note 3 the Company is 100% owned by the company Park Street A/S. Amounts in DKK 2025 2024 Receivables from related parties -2,313 -2,314 Prepaid expenses and accrued income from related parties 0 0 Intercompany receivables (Joint Corporate tax) 0 0 Balance at 31 December -2,313 -2,314 Amounts in DKK 2025 2024 Debt to related parties 4,700 4,700 Debt to related parties at 31 December 4,700 4,700 The Company has entered into a credit line facility with the parent company Park Street A/S of DKK 5 million of which 4.7 million have been utilized at 31.12.25 (4.7 million utilized at 31.12.24) with an annual interest rate of 7.5% payable at the maturity of the loan. Note 4 – Contingent assets and liabilities Park Street A/S has provided a parent company guarantee to a bank to secure financing for the company’s daily operations. The credit has a nominal limit of DKK 500,000. Contingent liabilities The Company has no contingent liabilities as at December 31, 2025. Contingent assets The Company has no contingent asset as at December 31, 2025. Note 5 – Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. Note 6 – Share Capital The current equity is DKK -2.424. The equity will be restored by capital infusion from Park Street A/S in the coming period. Annual report No audit assistance ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-06-29 Reporting class B 2010-06-21 2026-06-29 33039417 Phoam Studio ApS Amaliegade 6, 2 tv 1256 København K