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Registration number: 11316504

GPP KI Denmark Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

GPP KI Denmark Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

GPP KI Denmark Ltd

Company Information

Directors

Mr Hans Morten Bligaard

Mr Hiten Ramnikial Shah

Registered office

66 North Side Wandsworth Common
London
SW18 2SH

Accountants

Peter Saxton & Co. 362 Church Road
London
SW19 2QF

 

GPP KI Denmark Ltd

(Registration number: 11316504)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

809,414

832,349

Current assets

 

Cash at bank and in hand

 

48

100

Creditors: Amounts falling due within one year

5

(343,150)

(915,993)

Net current liabilities

 

(343,102)

(915,893)

Net assets/(liabilities)

 

466,312

(83,544)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

466,212

(83,644)

Shareholders' funds/(deficit)

 

466,312

(83,544)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2024 and signed on its behalf by:
 

.........................................
Mr Hans Morten Bligaard
Director

   
     
 

GPP KI Denmark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
66 North Side Wandsworth Common
London
SW18 2SH

These financial statements were authorised for issue by the Board on 14 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

GPP KI Denmark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

809,414

832,349

 

GPP KI Denmark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Subsidiaries

£

Cost or valuation

At 1 April 2023

832,349

Revaluation

(22,935)

At 31 March 2024

809,414

Carrying amount

At 31 March 2024

809,414

At 31 March 2023

832,349

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

GPP InvestCo ApS

Ehlersvej 11
DK – 2900 Hellerup
Denmark

Denmark

ordinary

100%

100%

Subsidiary undertakings

GPP InvestCo ApS

The principal activity of GPP InvestCo ApS is holding company.

 

GPP KI Denmark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

336,743

909,482

Other creditors

 

6,407

6,511

 

343,150

915,993

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Other borrowings

The carrying amount of GPP Europe Ltd at year end is £336,109 (2023 - £909,482).

8

Related party transactions

Summary of transactions with parent

GPP Europe Ltd Loan from GPP Europe Ltd
Repayable on demand at rate of 2% per annum

Loans from related parties

2024

Parent
£

Total
£

At start of period

909,481

909,481

Repaid

(574,496)

(574,496)

Interest transactions

10,970

10,970

Impairment

(9,212)

(9,212)

At end of period

336,743

336,743

 

GPP KI Denmark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2023

Parent
£

Total
£

At start of period

855,297

855,297

Interest transactions

17,833

17,833

Impairment

36,351

36,351

At end of period

909,481

909,481