Development Denmark 02 ApS

The company operates as a provider of office facilities through Regus Management ApS, which company operates as a manager of the Regus activities in Denmark.

The Company will continue to implement active marketing and operating strategies to increase occupancy from service agreements. In addition, the Company remains supported under an Intra-Group Facility Agreement that allows to receive advances as and when needed for the operation and management of its business and for generel corporate purposes.

Financial review

The company's income statement for the year ended 31 December 2024 shows a loss of DKK 2.304.071, and the balance sheet at 31 December 2024 shows negative equity of DKK 35.138.277.…

Material uncertainty related to going concern

Going concern: It is the current intention of the IWG Group to provide the Company with sufficient financial funds in order to enable the Company to fulfill at any time its payment obligations, but no written commitments has been given. Reference is made to note 1 for more details.

No events have occurred after the balance sheet date which could significantly affect the company's financial position.

Regus Management ApS being the administration company, the company is subject to the Danish scheme of joint taxation and, as from the financial year 2013, unlimited jointly and severally liable with the other jointly taxed companies for the total corporation tax.

As from 2012, the company is unlimited jointly and severally liable with the other jointly taxed companies for any obligation to withhold tax interest, royalties and dividends.

The company is jointly tax registered with other Regus companies and is therefore jointly liable for VAT settlement.to be favourable towards Regus Management ApS.