IRIS Accounts Production v24.2.0.383 11190178 Board of Directors 1.1.23 31.12.23 31.12.23 false true true false false true true true true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111901782022-12-31111901782023-12-31111901782023-01-012023-12-31111901782021-12-31111901782022-01-012022-12-31111901782022-12-3111190178ns15:EnglandWales2023-01-012023-12-3111190178ns14:PoundSterling2023-01-012023-12-3111190178ns10:Director12023-01-012023-12-3111190178ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111190178ns10:FRS1022023-01-012023-12-3111190178ns10:Audited2023-01-012023-12-3111190178ns10:FullAccounts2023-01-012023-12-3111190178ns10:OrdinaryShareClass12023-01-012023-12-3111190178ns10:Director22023-01-012023-12-3111190178ns10:Director42023-01-012023-12-3111190178ns10:Director52023-01-012023-12-3111190178ns10:RegisteredOffice2023-01-012023-12-3111190178ns10:Director32023-01-012023-12-3111190178ns5:CurrentFinancialInstruments2023-12-3111190178ns5:CurrentFinancialInstruments2022-12-3111190178ns5:ShareCapital2023-12-3111190178ns5:ShareCapital2022-12-3111190178ns5:RetainedEarningsAccumulatedLosses2023-12-3111190178ns5:RetainedEarningsAccumulatedLosses2022-12-3111190178ns5:ShareCapital2021-12-3111190178ns5:RetainedEarningsAccumulatedLosses2021-12-3111190178ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3111190178ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3111190178ns5:OwnedAssets2023-01-012023-12-3111190178ns5:OwnedAssets2022-01-012022-12-3111190178ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3111190178ns5:LeaseholdImprovements2022-12-3111190178ns5:PlantMachinery2022-12-3111190178ns5:FurnitureFittings2022-12-3111190178ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3111190178ns5:LeaseholdImprovements2023-01-012023-12-3111190178ns5:PlantMachinery2023-01-012023-12-3111190178ns5:FurnitureFittings2023-01-012023-12-3111190178ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3111190178ns5:LeaseholdImprovements2023-12-3111190178ns5:PlantMachinery2023-12-3111190178ns5:FurnitureFittings2023-12-3111190178ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3111190178ns5:LeaseholdImprovements2022-12-3111190178ns5:PlantMachinery2022-12-3111190178ns5:FurnitureFittings2022-12-3111190178ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111190178ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111190178ns5:Non-currentFinancialInstruments2023-12-3111190178ns5:Non-currentFinancialInstruments2022-12-3111190178ns10:OrdinaryShareClass12023-12-3111190178ns5:RetainedEarningsAccumulatedLosses2022-12-31
REGISTERED NUMBER: 11190178 (England and Wales)






















Report of the Directors and

Financial Statements

for the Year Ended 31 December 2023

for

Ganni Limited

Ganni Limited (Registered number: 11190178)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Ganni Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: I Christensen
L Koustrup
R S P Asaria
L Du Rusquec



REGISTERED OFFICE: 4/4a Bloomsbury Square
London
WC1A 2RP



REGISTERED NUMBER: 11190178 (England and Wales)



AUDITORS: Anstey Bond LLP
Statutory Auditors &
Chartered Accountants
1-2 Charterhouse Mews
London
EC1M 6BB



BANKERS: Danske Bank
Corporates UK
75 King William Street
London
EC4N 7DT

Ganni Limited (Registered number: 11190178)

Report of the Directors
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of trading with clothing and related activities.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

I Christensen
L Koustrup

Other changes in directors holding office are as follows:

R S P Asaria and L Du Rusquec were appointed as directors after 31 December 2023 but prior to the date of this report.

A Baldo ceased to be a director after 31 December 2023 but prior to the date of this report.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Ganni Limited (Registered number: 11190178)

Report of the Directors
for the year ended 31 December 2023


AUDITORS
The auditors, Anstey Bond LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





L Koustrup - Director


23 October 2024

Report of the Independent Auditors to the Members of
Ganni Limited

Opinion
We have audited the financial statements of Ganni Limited (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, 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.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Ganni Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Ganni Limited


Auditors' responsibilities for the audit of the financial statements
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 a Report of the Auditors 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 (UK) 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

. the nature of the industry and sector, control environment and business performance
. results of our enquiries of management about their own identification and assessment of the risks of irregularities;
. any matters we identified having obtained and reviewed the Company's documentation of their policies and
procedures relating to:
. identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of
noncompliance;
. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud;
. the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
. the matters discussed among the audit engagement team and involving relevant internal specialists, including tax
and IT specialists regarding how and where fraud might occur in the financial statements and any potential
indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

Audit response to the risks identified

Our procedures to respond to risks identified included the following:

. reviewing the financial statement disclosures and verifying through obtaining supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the financial
statements;
. enquiring of management and specific testing concerning potential litigation and claims;
. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatement due to fraud;
. reading minutes of meetings of those charged with governance, and reviewing regulatory correspondence
. obtained an understanding of provisions and held discussions with management to understand the basis of
recognition or non-recognition of tax provisions; and
. obtained an understanding of provisions and held discussions with management to understand the basis of
recognition or non-recognition of tax provisions; and

Report of the Independent Auditors to the Members of
Ganni Limited

. in addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments; assessing whether the judgements made in making accounting estimates are
indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual
or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists and significant component audit teams, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Colin Ellis FCCA CF (Senior Statutory Auditor)
for and on behalf of Anstey Bond LLP
Statutory Auditors &
Chartered Accountants
1-2 Charterhouse Mews
London
EC1M 6BB

23 October 2024

Ganni Limited (Registered number: 11190178)

Income Statement
for the year ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 8,800,279 5,938,775

Cost of sales (2,202,305 ) (1,265,545 )
GROSS PROFIT 6,597,974 4,673,230

Administrative expenses (5,065,331 ) (3,762,724 )
1,532,643 910,506

Other operating income 11,420 26,537
OPERATING PROFIT 4 1,544,063 937,043


Interest payable and similar expenses 5 (42,786 ) (63,000 )
PROFIT BEFORE TAXATION 1,501,277 874,043

Tax on profit 6 (363,181 ) (186,302 )
PROFIT FOR THE FINANCIAL YEAR 1,138,096 687,741

Ganni Limited (Registered number: 11190178)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 7 1,074,617 633,294

CURRENT ASSETS
Stocks 8 1,399,973 848,566
Debtors 9 1,084,608 544,359
Cash at bank and in hand 522,173 448,654
3,006,754 1,841,579
CREDITORS
Amounts falling due within one year 10 (2,148,843 ) (1,680,441 )
NET CURRENT ASSETS 857,911 161,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,932,528

794,432

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 1,932,527 794,431
SHAREHOLDERS' FUNDS 1,932,528 794,432

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





L Koustrup - Director


Ganni Limited (Registered number: 11190178)

Statement of Changes in Equity
for the year ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 1 106,690 106,691

Changes in equity
Total comprehensive income - 687,741 687,741
Balance at 31 December 2022 1 794,431 794,432

Changes in equity
Total comprehensive income - 1,138,096 1,138,096
Balance at 31 December 2023 1 1,932,527 1,932,528

Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ganni Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

The financial statements are prepared in Sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue Recognition
Revenue is recognised in the profit and loss when delivery and risk has transferred to the buyer. The net turnover is recognised exclusive of VAT and with the deduction of any discounts granted in connection with the sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - straight-line basis over 5 years.
Plant and Machinery - straight-line basis over 5 years.
Fixture and Fittings - straight-line basis over 5 years.
Short term leasehold - straight-line basis over 10 years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would me immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 2,538,458 1,971,436
Social security costs 274,812 237,902
Other pension costs 81,097 65,907
2,894,367 2,275,245

The average number of employees during the year was as follows:
31.12.23 31.12.22

Employees and directors 64 53

31.12.23 31.12.22
£    £   
Directors' remuneration - -

Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS - continued

The directors' of the company are remunerated through the Group parent entity, Ganni A/S. No amounts are recorded within Ganni Limited on the basis that the services provided to the entity are ancillary to the support provided to the Group parent.

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Other operating leases 1,191,848 831,297
Depreciation - owned assets 305,593 257,469
Auditors' remuneration 5,075 6,600
Foreign exchange differences (2,175 ) 144

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.23 31.12.22
£    £   
Interest payable 42,786 63,000

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 363,181 186,302
Tax on profit 363,181 186,302

Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 January 2023 25,000 1,178,463 7,313 94,653 1,305,429
Additions - 746,916 - - 746,916
At 31 December 2023 25,000 1,925,379 7,313 94,653 2,052,345
DEPRECIATION
At 1 January 2023 8,499 622,116 4,945 36,575 672,135
Charge for year 2,549 282,355 1,462 19,227 305,593
At 31 December 2023 11,048 904,471 6,407 55,802 977,728
NET BOOK VALUE
At 31 December 2023 13,952 1,020,908 906 38,851 1,074,617
At 31 December 2022 16,501 556,347 2,368 58,078 633,294

8. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,399,973 848,566

9. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 239,396 12,000
Prepayments 72,916 55,108
312,312 67,108

Amounts falling due after more than one year:
Other debtors 772,296 477,251

Aggregate amounts 1,084,608 544,359

Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 21,252 21,263
Amounts owed to group undertakings 719,037 704,607
Tax 363,180 186,302
VAT 428,827 285,090
Other creditors 107,381 35,448
Accrued expenses 509,166 447,731
2,148,843 1,680,441

11. LEASING AGREEMENTS
As at 31 December 2023 the company had annual commitments under non-cancellable operating leases as follows:

2023 2022
£    £   
Expiry date:
Within 1 year 1,511,998 993,438
Between 1 and 5 years 6,749,988 4,477,188
Over 5 years 2,255,960 1,196,938
10,517,946 6,672,564

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Retained
earnings
£   

At 1 January 2023 794,431
Profit for the year 1,138,096
At 31 December 2023 1,932,527

14. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other creditors, is an amount of £719,037 (2022: £704,607) due to Ganni A/S, the parent company.

Ganni Limited (Registered number: 11190178)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

15. ULTIMATE CONTROLLING PARTY

As at the balance sheet date the immediate controlling undertaking is Ganni A/S , a company incorporated in Denmark. Copies of the consolidated financial statements for Ganni A/S are available from the company secretary. The registered company address is Bremerholm 4, 1069 Copenhagen, Denmark.

As at the balance sheet date the ultimate controlling undertaking is S.L. 03 S.a.r.l , a company incorporated in Luxembourg. Copies of the consolidated financial statements for S.L. 03 S.a.r.l are available from the company secretary. The registered company address is Rue Antoine Jans 10, 1820 Luxembourg, Luxemburg.