IRIS Accounts Production v26.1.0.640 08019583 director 1.1.25 31.12.25 31.12.25 0 0 false true false false true false 0 0 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08019583 2024-12-31 08019583 2025-12-31 08019583 2025-01-01 2025-12-31 08019583 2023-12-31 08019583 2024-01-01 2024-12-31 08019583 2024-12-31 08019583 ns15:EnglandWales 2025-01-01 2025-12-31 08019583 ns14:PoundSterling 2025-01-01 2025-12-31 08019583 ns10:Director1 2025-01-01 2025-12-31 08019583 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08019583 ns10:SmallEntities 2025-01-01 2025-12-31 08019583 ns10:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 08019583 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08019583 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08019583 ns10:FullAccounts 2025-01-01 2025-12-31 08019583 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 08019583 ns10:RegisteredOffice 2025-01-01 2025-12-31 08019583 ns5:CurrentFinancialInstruments 2025-12-31 08019583 ns5:CurrentFinancialInstruments 2024-12-31 08019583 ns5:ShareCapital 2025-12-31 08019583 ns5:ShareCapital 2024-12-31 08019583 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08019583 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08019583 ns5:ShareCapital 2023-12-31 08019583 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08019583 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08019583 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08019583 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 08019583 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08019583 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 08019583 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31 December 2025

for

Promotion Bag UK Limited

Promotion Bag UK Limited (Registered number: 08019583)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Chartered Accountants' Report | 3 |

Income Statement | 4 |

Other Comprehensive Income | 5 |

Balance Sheet | 6 |

Statement of Changes in Equity | 7 |

Notes to the Financial Statements | 8 |

Promotion Bag UK Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | L Gronkjaer

| REGISTERED OFFICE: | 823 Salisbury House

| 29 Finsbury Circus

| London

| EC2M 5QQ

| REGISTERED NUMBER: | 08019583 (England and Wales)

| ACCOUNTANTS: | Krogh & Partners Limited

| 823 Salisbury House

| 29 Finsbury Circus

| London

| EC2M 5QQ

Promotion Bag UK Limited (Registered number: 08019583)

Report of the Director

for the Year Ended 31 December 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of media representation services.

DIRECTOR

L Gronkjaer held office during the whole of the period from 1 January 2025 to the date of this report.

AUDITORS

The director has with reference to the exemptions in the Companies Act elected not to appoint auditors.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

L Gronkjaer - Director

17 April 2026

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Promotion Bag UK Limited (Registered number: 08019583)

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Promotion Bag UK Limited for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Promotion Bag UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Promotion Bag UK Limited and state those matters that we have agreed to state to the director of Promotion Bag UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Promotion Bag UK Limited and its director for our work or for this report.

It is your duty to ensure that Promotion Bag UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Promotion Bag UK Limited. You consider that Promotion Bag UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Promotion Bag UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

17 April 2026

Promotion Bag UK Limited (Registered number: 08019583)

Income Statement

for the Year Ended 31 December 2025

| 2025 |  | 2024

£ | £ |

TURNOVER | - |  | 1,802 |  |

Administrative expenses | 2,081 |  | 2,278 |  |

OPERATING LOSS and |

LOSS BEFORE TAXATION | (2,081 | ) | (476 | ) |

Tax on loss | - |  | - |  |

LOSS FOR THE FINANCIAL YEAR | (2,081 | ) | (476 | ) |

Promotion Bag UK Limited (Registered number: 08019583)

Other Comprehensive Income

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

LOSS FOR THE YEAR | (2,081 | ) | (476 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (2,081 | ) | (476 | ) |

Promotion Bag UK Limited (Registered number: 08019583)

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 3 | 180 |  | 1,529 |  |

Cash at bank | 15,292 |  | 15,544 |  |

15,472 |  | 17,073 |  |

CREDITORS

Amounts falling due within one year | 4 | 880 |  | 400 |  |

NET CURRENT ASSETS | 14,592 |  | 16,673 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,592 |  | 16,673 |  |

CAPITAL AND RESERVES

Called up share capital | 5 | 100 |  | 100 |  |

Retained earnings | 14,492 |  | 16,573 |  |

SHAREHOLDERS' FUNDS | 14,592 |  | 16,673 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 April 2026 and were signed by:

L Gronkjaer - Director

Promotion Bag UK Limited (Registered number: 08019583)

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2024 | 100 |  | 17,049 |  | 17,149 |  |

Changes in equity

Total comprehensive income | - |  | (476 | ) | (476 | ) |

Balance at 31 December 2024 | 100 |  | 16,573 |  | 16,673 |  |

Changes in equity

Total comprehensive income | - |  | (2,081 | ) | (2,081 | ) |

Balance at 31 December 2025 | 100 |  | 14,492 |  | 14,592 |  |

Promotion Bag UK Limited (Registered number: 08019583)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| A summary of the more important accounting policies, which have been applied consistently, is set out below:

| Turnover

| Turnover from the sale of goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Turnover is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.

| Cost of sales

| Cost of sales comprises goods consumed in the financial year measured at cost.

| Administrative expenses

| Administrative expenses include expenses relating to the Entity's ordinary activities.

| Interest and similar income and charges

| Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

| Taxation

| Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements.

| Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset.

| Debtors

| Debtors are valued individually and there are made provision according to this valuation.

| Cash at bank

| Cash at bank includes deposits held at call with banks.

| Creditors

| Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

Promotion Bag UK Limited (Registered number: 08019583)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 1,408 |  |

| Other debtors | 100 |  | 100 |  |

| VAT | 80 |  | 21 |  |

180 |  | 1,529 |  |

4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 480 |  | - |  |

| Accruals and deferred income | 400 |  | 400 |  |

880 |  | 400 |  |

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

6. | ULTIMATE CONTROLLING PARTY

| 1981 Holding ApS (incorporated in Denmark) is regarded by the director as being the company's ultimate parent company.

| The financial statements for the parent company may be obtained at:

| 1981 Holding ApS

| Zicavej 3

| 2930 Klampenborg

| Denmark

| The ultimate controlling party is Lars Gronkjaer by virtue of his 100% shareholding in the ultimate parent company.