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The Company is registered with the Dutch Chamber of Commerce under number 32070622. Previously, the Company was active under the name Qurius N.V. The software and IT activities of Qurius N.V. were bought by Prodware Nederland B.V. in 2012. In 2023, the name was changed to Lavide. Since December 2022, D.M. van den Ouden was appointed CEO, subsequently Antonius M. Groeneveld was appointed CEO in November 2024. The Company did not trade since 2018. These consolidated financial statements comprise the Company and its subsidiaries (collectively the \u201cGroup\u201d and individually \u201cGroup companies\u201d). The Company is a stock-listed holding. There have been no main business activities in 2023, and the subsidiaries were established but did not trade. (b) Financial reporting period These financial statements cover the year 2023, which ended at the balance sheet date of 31 December 2023. The prior year figures are unaudited as Lavide had not appointed a PIE audit firm since 2018. As a result, Lavide remained to be placed on Euronext Amsterdam\u2019s penalty bench. Euronext Amsterdam will reconsider the authority of Lavide to issue and have traded shares listed on Euronext Amsterdam only after the 2023 financial statements have been audited, as confirmed in an official communication of Euronext dated 14 May 2024. Lavide has obtained from the Authority Financial Markets (\u2018AFM\u2019) an official warning on 10 October 2024 regarding the submission of the unaudited financial statements and annual report for the fiscal year 2023. Based on this official warning Lavide has considered that regulatory action regarding the years 2018 up to and including 2022 will not be cast by the AFM and that the scrutiny of both Euronext Amsterdam and the AFM as to compliance focuses on the fiscal year 2023 only. Consequently, and in the absence of any further actions undertaken by stakeholders in respect of the fiscal years 2018 up to and including 2022, the Board of Directors considers the approach to focus on the audit of the financial statements of 2023 in full compliance with corporate law and the laws as to financial statements.2. Basis of preparation(b) Basis of measurement The consolidated financial statements have been prepared on the historical cost convention except otherwise stated. (c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest Euro, unless otherwise indicated.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__9": { "value": "Heemstede in the Netherlands", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__8": { "value": "Netherlands", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__7": { "value": "Netherlands", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__6": { "value": "Previously, the Company was active under the name Qurius N.V. The software and IT activities of Qurius N.V. were bought by Prodware Nederland B.V. in 2012. In 2023, the name was changed to Lavide.", "dimensions": { "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__5": { "value": "There have been no main business activities in 2023, and the subsidiaries were established but did not trade.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__13": { "value": "(c) Going concern The highest priority for the newly appointed Board of Directors is the successful completion of the 2023 audit. Lavide is currently on Euronext Amsterdam\u2019s penalty bench, meaning its listing is temporarily suspended, preventing the issuance of new tradable shares. According to the latest communication with Euronext Amsterdam, Lavide will be eligible to exit the penalty bench upon the successful completion of the 2023 audit. Shortly after its appointment, the new Board of Directors was authorised to issue shares or grant rights to acquire shares for up to 3,000,000 Class A and/or Class B shares for a period of 18 months, pursuant to the resolution of the General Meeting held on 18 December 2024. These Class A and/or Class B shares may be issued at a nominal share price of \u20ac 0.50. This authorisation enables the new Board of Directors to secure a working capital of up to \u20ac 1,500,000, thereby ensuring Lavide\u2019s short term liquidity needs. A total of 2.000.000 shares has already been placed with Haerlem Capital, a Dutch private investment fund, thus securing the first \u20ac 1,000,000 in working capital. This investment was made in a first tranche of 1.000.000 shares earlier in Q4 2024 and another tranche of 1.000.000 shares in Q1 2025. A separate subscription agreement has been signed with Haerlem Capital for each tranche. As of the date of this annual report, the class B shares allocated to Haerlem Capital have also been fully paid in. The Board of Directors is confident that the remaining issuance can be completed successfully, thus further reinforcing the foundation for the Company\u2019s future growth. Additionally, the short-term financing which was outstanding as at 31 December 2023 has been amended to include a repayment date of 30 June 2025 with the right to extend or convert into share, subject to a valid shareholder mandate. The mitigation actions and the capital injections by the new shareholder Haerlem Capital in Q4 2024 and Q1 2025 provide the company with the funds required to continue its operations for the foreseeable future. For the abovementioned reasons, the management has decided to prepare the financial statements on a going concern basis.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__17": { "value": "2. Basis of preparation (a) Statement of compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as endorsed by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil Code. The material accounting policies applied in preparing these consolidated financial statements are set out below. These policies have been consistently applied throughout the period and to each subsidiary within the Group. The consolidated financial statements were authorised for issue by the Board of Directors on 31 March 2025. (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost convention except otherwise stated. (c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest Euro, unless otherwise indicated. (d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements have been included where necessary. The significant judgement applied in the consolidated financial statements is in relation to making the going concern assessment. The Board of Directors had identified material uncertainties that cast doubt on the Group\u2019s ability to continue as a going concern due to the reliance on short term financing which at 31 December 2023 could be terminated at one month\u2019s notice. Subsequent to the balance sheet date, the short-term financing was amended to include a repayment date of 30 June 2025 and as mentioned in 1(c), the newly appointed Board obtained authorisation to issue shares or grant rights. Based on the mitigation actions secured after the balance sheet date, the Board of Directors has concluded that the Group remains a going concern. Assumptions and estimation uncertainty The Company makes certain estimates and assumptions regarding the future. Estimates are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The Board of Directors consider there to be no significant estimates for the year ended 2023. (e) Changes in material accounting policies There were no changes in material accounting policies. (f) Material accounting policies The Group has consistently applied the following accounting policies to all periods presented in these consolidated financial statements, except if mentioned otherwise. Principles for consolidation (i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. (ii) Transaction between entities within the group Transactions and balances between entities forming part of the Group together with any unrealised income and expenses arising from intra-group transactions are eliminated in the preparation of the consolidated financial statements of the Group. Unrealised gains on transactions between Group entities are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Financial instruments (i) Recognition and initial measurement Financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to the Board of Directors. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by expected credit losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss. (iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. The difference in the respective carrying amounts is recognised in the statement of profit or loss. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification; and (2) the present value of the cash flows after modification is recognised in profit or loss as the modification gain or loss within other gains and losses. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss. (iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously. Share capital Ordinary shares The share capital consists of ordinary shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12. Impairment (i) Financial assets At the reporting date the Group\u2019s financial assets consist of other receivables and cash and cash equivalents. The following accounting policy is included as the Group intends to commence trading in the foreseeable future. IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime expected credit losses (ECLs). When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include cash and cash equivalents and other receivables. A simplified approach has been applied for the measurement of expected credit losses. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset. Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. Cash and cash equivalents Cash and cash equivalents comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. The consolidated statement of cash flows is prepared using the indirect method. Operating profits/loss Operating profit/loss is the result generated from the continuing principal revenue producing activities of the Group as well as other income and expenses related to operating activities. Operating profit/loss excludes net finance costs and income taxes. Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense. Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense. Income tax Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in OCI. Pillar 2 tax regulations are currently not applicable to the Group. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously. (ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Subsequent events If the Group receives information after the reporting period, but prior to the date of authorisation for issue, about conditions that existed at the end of the reporting period, it will assess whether the information affects the amounts that it recognises in its consolidated financial statements. The Group will adjust the amounts recognised in its financial statements to reflect any adjusting events after the reporting period and update the disclosures that relate to those conditions considering the new information. For non-adjusting events after the reporting period, the Group will not change the amounts recognised in its consolidated financial statements but will disclose the nature of the non-adjusting event and an estimate of its financial effect, or a statement that such an estimate cannot be made, if applicable. Earnings per share (EPS) Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. New and amended standards adopted by the Group New standards impacting the Group that have been adopted in the annual financial statements for the year ended 31 December 2023 are: - IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 (Amendment \u2013 Disclosure of Accounting Policies) - IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment - Definition of Accounting Estimates) - IAS 12 Income Taxes (Amendment \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction) - IAS 12 Income Taxes (Amendment \u2013 International Tax Reform \u2013 Pillar Two Model Rules) These standards did not have a significant effect on the Group. New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements, with the exception of IFRS 18 which will impact the presentation of the financial statements from 1 January 2027. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). - IAS 21 The Effects of Changes in Foreign Exchange Rates (Amendment - Lack of Exchangeability). The following amendments are effective for the period beginning 1 January 2026: - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendments to classification and measurement requirements). - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendment - Contracts Referencing Nature-dependent Electricity). The following amendments are effective for the period beginning 1 January 2027: - IFRS 18 Presentation and Disclosure in Financial Statements (Replacement of IAS 1 Presentation of Financial Statements). - IFRS 19 Subsidiaries without Public Accountability: Disclosure. IFRS 18 introduces new requirements for presentation within the statement of loss, including specified totals and subtotals. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financial information based on the identified \u2018roles\u2019 of the primary financial statements and the notes. The Group is currently working to identify all impacts the amendments to IFRS 18 will have on the primary financial statements and notes to the financial statements. To be eligible for IFRS 19, an entity must be a subsidiary, cannot have public accountability and must have a parent that prepares consolidated financial statements which are publicly available and comply with IFRS standards. The Group is not eligible to apply IFRS 19.", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__20-1": { "value": "(a) Statement of compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as endorsed by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil Code. The material accounting policies applied in preparing these consolidated financial statements are set out below. These policies have been consistently applied throughout the period and to each subsidiary within the Group. The consolidated financial statements were authorised for issue by the Board of Directors on 31 March 2025. (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost convention except otherwise stated. (c) Functional and presentation currency These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest Euro, unless otherwise indicated.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__18": { "value": "(a) Statement of compliance These consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as endorsed by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil Code.", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__19": { "value": "The consolidated financial statements were authorised for issue by the Board of Directors on 31 March 2025. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__25": { "value": "(d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements have been included where necessary. The significant judgement applied in the consolidated financial statements is in relation to making the going concern assessment. The Board of Directors had identified material uncertainties that cast doubt on the Group\u2019s ability to continue as a going concern due to the reliance on short term financing which at 31 December 2023 could be terminated at one month\u2019s notice. Subsequent to the balance sheet date, the short-term financing was amended to include a repayment date of 30 June 2025 and as mentioned in 1(c), the newly appointed Board obtained authorisation to issue shares or grant rights. Based on the mitigation actions secured after the balance sheet date, the Board of Directors has concluded that the Group remains a going concern. Assumptions and estimation uncertainty The Company makes certain estimates and assumptions regarding the future. Estimates are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The Board of Directors consider there to be no significant estimates for the year ended 2023. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__24": { "value": "(d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements have been included where necessary. The significant judgement applied in the consolidated financial statements is in relation to making the going concern assessment. The Board of Directors had identified material uncertainties that cast doubt on the Group\u2019s ability to continue as a going concern due to the reliance on short term financing which at 31 December 2023 could be terminated at one month\u2019s notice. Subsequent to the balance sheet date, the short-term financing was amended to include a repayment date of 30 June 2025 and as mentioned in 1(c), the newly appointed Board obtained authorisation to issue shares or grant rights. Based on the mitigation actions secured after the balance sheet date, the Board of Directors has concluded that the Group remains a going concern. Assumptions and estimation uncertainty The Company makes certain estimates and assumptions regarding the future. Estimates are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The Board of Directors consider there to be no significant estimates for the year ended 2023. ", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__23": { "value": "(d) Use of judgements and estimates In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of the Group's accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and are consistent with the Group's risk management. Revisions to estimates are recognised prospectively. Judgements Information about judgements made in applying accounting policies that have the most significant effect on the amounts recognised in the consolidated financial statements have been included where necessary. The significant judgement applied in the consolidated financial statements is in relation to making the going concern assessment. The Board of Directors had identified material uncertainties that cast doubt on the Group\u2019s ability to continue as a going concern due to the reliance on short term financing which at 31 December 2023 could be terminated at one month\u2019s notice. Subsequent to the balance sheet date, the short-term financing was amended to include a repayment date of 30 June 2025 and as mentioned in 1(c), the newly appointed Board obtained authorisation to issue shares or grant rights. Based on the mitigation actions secured after the balance sheet date, the Board of Directors has concluded that the Group remains a going concern. Assumptions and estimation uncertainty The Company makes certain estimates and assumptions regarding the future. Estimates are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The Board of Directors consider there to be no significant estimates for the year ended 2023. ", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__27": { "value": "Principles for consolidation (i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. (ii) Transaction between entities within the group Transactions and balances between entities forming part of the Group together with any unrealised income and expenses arising from intra-group transactions are eliminated in the preparation of the consolidated financial statements of the Group. Unrealised gains on transactions between Group entities are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__28": { "value": "(i) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__31-1": { "value": "Financial instruments (i) Recognition and initial measurement Financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to the Board of Directors. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by expected credit losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss.Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.(iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. The difference in the respective carrying amounts is recognised in the statement of profit or loss. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification; and (2) the present value of the cash flows after modification is recognised in profit or loss as the modification gain or loss within other gains and losses. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.(iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously.Impairment (i) Financial assets At the reporting date the Group\u2019s financial assets consist of other receivables and cash and cash equivalents. The following accounting policy is included as the Group intends to commence trading in the foreseeable future. IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime expected credit losses (ECLs). When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include cash and cash equivalents and other receivables. A simplified approach has been applied for the measurement of expected credit losses.Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset.Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery.Cash and cash equivalents Cash and cash equivalents comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. The consolidated statement of cash flows is prepared using the indirect method. Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense. Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__30-1": { "value": "Financial instruments (i) Recognition and initial measurement Financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. (ii) Recognition and initial measurement On initial recognition, a financial asset is classified as measured at: amortised cost; Fair Value through OCI (FVOCI) \u2013 debt investment; FVOCI \u2013 equity investment; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.Financial assets \u2013 Business model assessment The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to the Board of Directors. Financial assets \u2013 Subsequent measurement and gains and losses Financial assets at amortised cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by expected credit losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss.(iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised(iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously.Impairment (i) Financial assets At the reporting date the Group\u2019s financial assets consist of other receivables and cash and cash equivalents. The following accounting policy is included as the Group intends to commence trading in the foreseeable future. IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime expected credit losses (ECLs). When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include cash and cash equivalents and other receivables. A simplified approach has been applied for the measurement of expected credit losses.Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset.Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery.Cash and cash equivalents Cash and cash equivalents comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. The consolidated statement of cash flows is prepared using the indirect method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__29-1": { "value": "Financial instruments (i) Recognition and initial measurement Financial assets and financial liabilities are initially recognised when the Group becomes a party to the contractual provisions of the instrument. A financial asset or financial liability is initially measured at fair value plus, for an item not at Fair Value through Profit and Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__39-1": { "value": "Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. The difference in the respective carrying amounts is recognised in the statement of profit or loss. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification; and (2) the present value of the cash flows after modification is recognised in profit or loss as the modification gain or loss within other gains and losses. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__38-1": { "value": "Financial liabilities \u2013 Classification, subsequent measurement and gains and losses Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. The difference in the respective carrying amounts is recognised in the statement of profit or loss. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification; and (2) the present value of the cash flows after modification is recognised in profit or loss as the modification gain or loss within other gains and losses. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.(iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__44": { "value": "(iii) Derecognition Financial assets The Group derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. If the Group enters into transactions whereby it transfers assets recognised in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised. Financial liabilities The Group derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. The Group also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value. The difference in the respective carrying amounts is recognised in the statement of profit or loss. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between: (1) the carrying amount of the liability before the modification; and (2) the present value of the cash flows after modification is recognised in profit or loss as the modification gain or loss within other gains and losses. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__47": { "value": "(iv) Offsetting Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__50": { "value": "Share capital Ordinary shares The share capital consists of ordinary shares. Incremental costs directly attributable to the issue of common shares, net of any tax effects, are recognised as a deduction from equity. Income tax relating to transaction costs of an equity transaction is accounted for in accordance with IAS 12.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__55-1": { "value": "Impairment (i) Financial assets At the reporting date the Group\u2019s financial assets consist of other receivables and cash and cash equivalents. The following accounting policy is included as the Group intends to commence trading in the foreseeable future. IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime expected credit losses (ECLs). When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include cash and cash equivalents and other receivables. A simplified approach has been applied for the measurement of expected credit losses.Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset.Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__54-1": { "value": "Impairment (i) Financial assets At the reporting date the Group\u2019s financial assets consist of other receivables and cash and cash equivalents. The following accounting policy is included as the Group intends to commence trading in the foreseeable future. IFRS 9 requires entities to assess on a forward-looking basis the expected credit losses associated with their debt instruments carried at amortised cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Loss allowances for trade receivables are measured at an amount equal to lifetime expected credit losses (ECLs). When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group\u2019s historical experience and informed credit assessment and including forward-looking information. The Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Group considers a financial asset to be in default when: - the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realising security (if any is held); or - the financial asset is more than 90 days past due. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. The Group\u2019s assets subject to credit risk in the scope of IFRS 9 include cash and cash equivalents and other receivables. A simplified approach has been applied for the measurement of expected credit losses.Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). When the time value of money is material, ECLs are discounted at the effective interest rate of the financial asset.Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__70": { "value": "Cash and cash equivalents Cash and cash equivalents comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. The consolidated statement of cash flows is prepared using the indirect method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__69": { "value": "Cash and cash equivalents Cash and cash equivalents comprises cash on hand, current accounts with banks, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less. For the purposes of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits defined above. Cash and cash equivalents are initially measured at fair value, and subsequently at amortised costs. The consolidated statement of cash flows is prepared using the indirect method. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__75": { "value": "Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense. Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__74": { "value": "Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense. Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__73": { "value": "Finance income and finance costs The Group\u2019s finance income and finance costs include: - interest expense. Interest expense is recognised using the effective interest method. The \u2018effective interest rate\u2019 is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to: - the gross carrying amount of the financial asset; or - the amortised cost of the financial liability. In calculating interest expense, the effective interest rate is applied to the amortised cost of the liability. If the Group revises its estimates of payments, it recalculates amortised cost of the financial liability as the present value of the estimated future contractual cash flows that are discounted at the financial instrument\u2019s original effective interest rate. The adjustment is recognised in profit or loss as income or expense.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__76": { "value": "Income tax Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in OCI. Pillar 2 tax regulations are currently not applicable to the Group. (i) Current tax Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to tax payable or receivable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. It is measured using tax rates enacted or substantively enacted at the reporting date. Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts and there is an intention either to settle on a net basis, or to realise the asset and settle the liability simultaneously. (ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__77": { "value": "(ii) Deferred tax Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognised for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognise a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised; such reductions are reversed when the probability of future taxable profits improves. The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__78": { "value": "Earnings per share (EPS) Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__80-1": { "value": "New and amended standards adopted by the Group New standards impacting the Group that have been adopted in the annual financial statements for the year ended 31 December 2023 are: - IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 (Amendment \u2013 Disclosure of Accounting Policies) - IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment - Definition of Accounting Estimates) - IAS 12 Income Taxes (Amendment \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction) - IAS 12 Income Taxes (Amendment \u2013 International Tax Reform \u2013 Pillar Two Model Rules) These standards did not have a significant effect on the Group. New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements, with the exception of IFRS 18 which will impact the presentation of the financial statements from 1 January 2027. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). - IAS 21 The Effects of Changes in Foreign Exchange Rates (Amendment - Lack of Exchangeability). The following amendments are effective for the period beginning 1 January 2026: - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendments to classification and measurement requirements). - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendment - Contracts Referencing Nature-dependent Electricity). The following amendments are effective for the period beginning 1 January 2027: - IFRS 18 Presentation and Disclosure in Financial Statements (Replacement of IAS 1 Presentation of Financial Statements). - IFRS 19 Subsidiaries without Public Accountability: Disclosure. IFRS 18 introduces new requirements for presentation within the statement of loss, including specified totals and subtotals. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financial information based on the identified \u2018roles\u2019 of the primary financial statements and the notes. The Group is currently working to identify all impacts the amendments to IFRS 18 will have on the primary financial statements and notes to the financial statements. To be eligible for IFRS 19, an entity must be a subsidiary, cannot have public accountability and must have a parent that prepares consolidated financial statements which are publicly available and comply with IFRS standards. The Group is not eligible to apply IFRS 19.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__79-1": { "value": "New and amended standards adopted by the Group New standards impacting the Group that have been adopted in the annual financial statements for the year ended 31 December 2023 are: - IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 (Amendment \u2013 Disclosure of Accounting Policies) - IAS 8 Accounting policies, Changes in Accounting Estimates and Errors (Amendment - Definition of Accounting Estimates) - IAS 12 Income Taxes (Amendment \u2013 Deferred Tax related to Assets and Liabilities arising from a Single Transaction) - IAS 12 Income Taxes (Amendment \u2013 International Tax Reform \u2013 Pillar Two Model Rules) These standards did not have a significant effect on the Group. New standards and interpretations not yet adopted The standards and interpretations that are issued, but not yet effective up to the date of issuance of the Group\u2019s financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective. The impact of the following amended standards and interpretations are currently being investigated by the Group but are not expected to have a significant impact on the Group\u2019s financial statements, with the exception of IFRS 18 which will impact the presentation of the financial statements from 1 January 2027. The following amendments are effective for the period beginning 1 January 2024: - IFRS 16 Leases (Amendment - Liability in a Sale and Leaseback) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Classification of Liabilities as Current or Non-Current) - IAS 1 Presentation of Financial Statements (Amendment \u2013 Non-current Liabilities with Covenants) The following amendments are effective for the period beginning 1 January 2025: - IAS 12 Income Taxes (Amendment \u2013 The Effects of Changes in Foreign Exchange Rates). - IAS 21 The Effects of Changes in Foreign Exchange Rates (Amendment - Lack of Exchangeability). The following amendments are effective for the period beginning 1 January 2026: - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendments to classification and measurement requirements). - IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures (Amendment - Contracts Referencing Nature-dependent Electricity). The following amendments are effective for the period beginning 1 January 2027: - IFRS 18 Presentation and Disclosure in Financial Statements (Replacement of IAS 1 Presentation of Financial Statements). - IFRS 19 Subsidiaries without Public Accountability: Disclosure. IFRS 18 introduces new requirements for presentation within the statement of loss, including specified totals and subtotals. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financial information based on the identified \u2018roles\u2019 of the primary financial statements and the notes. The Group is currently working to identify all impacts the amendments to IFRS 18 will have on the primary financial statements and notes to the financial statements. To be eligible for IFRS 19, an entity must be a subsidiary, cannot have public accountability and must have a parent that prepares consolidated financial statements which are publicly available and comply with IFRS standards. The Group is not eligible to apply IFRS 19.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__85-1": { "value": "3. Cash and cash equivalents 31 December 2023 31 December 2022 \u20ac \u20ac Cash and cash equivalents 564 - 564 - Cash and cash equivalents are held with WISE and is at free disposal of the Group. 5. Loans and borrowings 31 December 2023 31 December 2022 \u20ac \u20ac Shareholder and related party loans: Kennie Capital B.V. 109,385 35,000 Crazy Duck B.V. 110,000 35,000 219,385 70,000 Kennie Capital B.V., a related party of the Group, and Crazy Duck B.V., a shareholder of the Group provided financing to the Group during 2023. During 2022, Kennie Capital B.V. and Crazy Duck B.V. each provided a facility up to \u20ac 37,000 to the Group. Kennie Capital B.V. provided a facility up to an additional amount of \u20ac 50,000. Interest accrues on the outstanding balance at a rate of 8%. The principal and interest were repayable at 31 December 2022. The lenders can unilaterally terminate the loans with one months\u2019 notice. In January 2023, Kennie Capital B.V. made an additional facility of \u20ac 50,000 available to the Group with the same terms. This facility incurred a repayment date of 31 March 2023. In March 2023, an additional facility was made available to the Group by Kennie Capital B.V. and Crazy Duck B.V. to bring the total amount available to \u20ac 175,000 each, the previous outstanding loans and accrued interest were deducted from the principal amount provided to the Group. Interest accrues on the outstanding balance at a rate of 8%. The principal and interest were repayable at 13 October 2023. At issuance of the loan, the lenders received options worth the principal amount of the loan (\u20ac 349,000 increased with accrued interest in the amount of \u20ac1,000), being options to call for a number of 700,000 new to be issued common shares in the capital of the Company. The options expire on 31 December 2029 and have an exercise option of Euro 0.50 per Lavide Holding N.V. share. No assets are provided as security for the loans and there are no covenants attached to the loans. The loans are initially accounted for at fair value and subsequently at amortized cost. As required by IFRS 13.97, they are classified as Level 2 in the value hierarchy and their carrying value approximates their fair value. Subsequent to the balance sheet date, in September 2024 the loans were amended to extend the repayment date to 30 June 2025 with retroactive effect as of October 2023. Movement schedule Cash Non-cash Total movements movements \u20ac \u20ac \u20ac Opening balance 1 January 2023 70,732 Issued during the period 149,385 - 149,385 Interest - 13,408 13,408 Ending balance 31 December 2023 233,525 Represented on 31 December 2023 as: Loans and borrowings 219,385 Interest payable 14,140 233,525 Movement schedule Cash Non-cash Total movements movements \u20ac \u20ac \u20ac Opening balance 1 January 2022 - Issued during the period 105,000 - 105,000 Interest - 732 732 Conversion to shares - (35,000) (35,000) Ending balance 31 December 2022 70,732 Represented on 31 December 2022 as: Loans and borrowings 70,000 Interest payable 732 70,7326. Trade and other payables 31 December 2023 31 December 2022 \u20ac \u20ac Trade payables - 18,136 Management fee payable 90,750 - Interest payable 14,140 732 Other payables 2,275 16,585 107,165 35,453 All current liabilities fall due in less than one year. The carrying amount of trade and other payables is considered a reasonable approximation of their respective fair value, due to their short-term nature. 7. Financial instruments Financial instruments by category Amortised cost Amortised cost 31 December 2023 31 December 2022 \u20ac \u20ac Financial assets Trade and other receivables 2,047 100 564 - Cash and cash equivalents 2,611 100 Total financial assets Financial liabilities 219,385 70,000 Loans and borrowings 107,165 35,453 Trade and other payables 326,550 105,453 Total financial liabilities Financial instruments not measured at fair value includes cash and cash equivalents, trade and other payables, and loans and borrowings. Risk management The Group is exposed to credit risk, liquidity risk, and interest rate risk. The Group\u2019s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Group. Risk management is conducted under policies approved by the board of directors of the Company and of relevant subsidiaries. According to risk management, the Group faces higher than expected risk. The banking relationship with ING was terminated on 31 December 2022. This forced the Group into the funding arrangement with Kennie Capital B.V. and Crazy Duck B.V., refer to Note 5. Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments but does not expect any counterparties to fail to meet their obligations. As the Group did not trade in 2023, it is exposed to limited credit risk. The credit risk arises from cash and cash equivalents. The Group considers the credit risk on the cash and cash equivalents as remote, as the cash and bank balances are held by a credit institution licensed to raise deposits in the Netherlands. In 2023, the Group was exposed to concentration risk, as all cash and cash equivalents were held in a single account. This concentration risk has been mitigated in 2024 by opening an second account by Ebury Netherlands B.V. In addition to that, as of the date of this annual report, the Company is now in the process of opening accounts with a bank in the Netherlands with a higher credit standing. The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 31 December 2023 31 December 2022 \u20ac \u20ac Trade and other receivables 2,047 100 Cash and cash equivalents 564 - 2,611 100Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. Due to the lack of activities, the cash position of the Group is limited. As noted in Note 5, a financing arrangement has been concluded with Kennie Capital B.V and Crazy Duck B.V. to help meet the Group\u2019s obligations. Liquidity is dependent on many external factors. Financing can be unilaterally terminated by either party mentioned above therefore the Group faces significant liquidity risk which is concentrated on the reliance of the financing arrangement. Subsequent to the balance sheet date, the financing arrangements were amended to extend the repayment date to June 2025, as the accrued interest and principal amount are repayable at the end of the term the liquidity risk is reduced as a result. Furthermore, as an additional mitigation of liquidity risk, the Company has the possibility to extend the term of the loan and/or repay principal and accrued interests in shares at a later to be defined share price and terms. Additionally, subsequent to the balance sheet date, the Board of Directors were authorised in December 2024 to issue shares or grant rights to be acquired shares for up to 3,000,000 Class A and/or Class B shares. This enables the Board of Directors to ensure the Group\u2019s short-term liquidity needs. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 219,385 219,385 219,385 - - - Other payables 107,165 107,165 13,408 93,757 - - 326,550 326,550 232,793 93,757 - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 70,000 70,000 70,000 - - - Other payables 35,453 35,453 732 34,721 - - 105,453 105,453 70,732 34,721 - -Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The Group\u2019s exposure to the risk of changes in market interest rates is limited as the financing arrangements with Kennie Capital B.V. and Crazy Duck B.V. incur a fixed rate of interest, refer to Note 5. 10. Net finance costs 2023 2022 \u20ac \u20ac Interest income 41 - Total finance income 41 - Interest expense on loans and borrowings 13,408 732 Bank costs 3,317 3,725 Total finance costs 16,725 4,457 Net finance costs 16,684 4,457", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__84": { "value": "3. Cash and cash equivalents 31 December 2023 31 December 2022 \u20ac \u20ac Cash and cash equivalents 564 - 564 - Cash and cash equivalents are held with WISE and is at free disposal of the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__87": { "value": "4. Shareholders\u2019 equity Share capital The authorized share capital at 31 December 2023 amounts to \u20ac 6,000,000, consisting of 8,995,000 shares A, 2,995,000 shares B and 10,000 preference shares. The issued share capital at 31 December 2023 amounts to \u20ac 2,862,328 (31 December 2022 - \u20ac 2,862,328) consisting of 5,724,655 listed common shares A outstanding, each with a nominal value of EUR 0.50. No shares were issued in the fiscal year 2023. 700,000 option rights were issued during the year, refer to Note 5. They remain outstanding as of 31 December 2023. New common shares will be issued upon exercise of the outstanding call options. Common Shares Call Options 2023 2022 2023 2022 On issue at 1 January 5,724,655 5,654,655 - - Issued during the year - 70,000 700,000 - On issue at 31 December 5,724,655 5,724,655 700,000 - During 2022, an outstanding loan of \u20ac35,000 with Crazy Duck B.V. was converted into shares at the nominal price of \u20ac 0.50 per share resulting in an issuance of 70,000 shares. Share Premium The share premium represents the amount subscribed for share capital in excess of the nominal value. Other reserves Other reserves consist of the accumulated losses of the Group. Unappropriated result Appropriation of profit of 2022 The financial statements for the reporting year 2022 have been adopted by the AGM on 14 December 2023. The loss over the reporting period 2022 has been added to the negative other reserves. Proposal for profit appropriation 2023 The financial statements for the reporting year 2022 show insufficient freely distributable equity due to the comprehensive loss for the period. The loss over the reporting period 2023 is proposed to be added to the negative other reserves. ", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__88": { "value": "Share capital The authorized share capital at 31 December 2023 amounts to \u20ac 6,000,000, consisting of 8,995,000 shares A, 2,995,000 shares B and 10,000 preference shares. The issued share capital at 31 December 2023 amounts to \u20ac 2,862,328 (31 December 2022 - \u20ac 2,862,328) consisting of 5,724,655 listed common shares A outstanding, each with a nominal value of EUR 0.50. No shares were issued in the fiscal year 2023. 700,000 option rights were issued during the year, refer to Note 5. They remain outstanding as of 31 December 2023. New common shares will be issued upon exercise of the outstanding call options. Common Shares Call Options 2023 2022 2023 2022 On issue at 1 January 5,724,655 5,654,655 - - Issued during the year - 70,000 700,000 - On issue at 31 December 5,724,655 5,724,655 700,000 - During 2022, an outstanding loan of \u20ac35,000 with Crazy Duck B.V. was converted into shares at the nominal price of \u20ac 0.50 per share resulting in an issuance of 70,000 shares.", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__89": { "value": "Other reserves Other reserves consist of the accumulated losses of the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__91": { "value": "5. Loans and borrowings 31 December 2023 31 December 2022 \u20ac \u20ac Shareholder and related party loans: Kennie Capital B.V. 109,385 35,000 Crazy Duck B.V. 110,000 35,000 219,385 70,000 Kennie Capital B.V., a related party of the Group, and Crazy Duck B.V., a shareholder of the Group provided financing to the Group during 2023. During 2022, Kennie Capital B.V. and Crazy Duck B.V. each provided a facility up to \u20ac 37,000 to the Group. Kennie Capital B.V. provided a facility up to an additional amount of \u20ac 50,000. Interest accrues on the outstanding balance at a rate of 8%. The principal and interest were repayable at 31 December 2022. The lenders can unilaterally terminate the loans with one months\u2019 notice. In January 2023, Kennie Capital B.V. made an additional facility of \u20ac 50,000 available to the Group with the same terms. This facility incurred a repayment date of 31 March 2023. In March 2023, an additional facility was made available to the Group by Kennie Capital B.V. and Crazy Duck B.V. to bring the total amount available to \u20ac 175,000 each, the previous outstanding loans and accrued interest were deducted from the principal amount provided to the Group. Interest accrues on the outstanding balance at a rate of 8%. The principal and interest were repayable at 13 October 2023. At issuance of the loan, the lenders received options worth the principal amount of the loan (\u20ac 349,000 increased with accrued interest in the amount of \u20ac1,000), being options to call for a number of 700,000 new to be issued common shares in the capital of the Company. The options expire on 31 December 2029 and have an exercise option of Euro 0.50 per Lavide Holding N.V. share. No assets are provided as security for the loans and there are no covenants attached to the loans. The loans are initially accounted for at fair value and subsequently at amortized cost. As required by IFRS 13.97, they are classified as Level 2 in the value hierarchy and their carrying value approximates their fair value. Subsequent to the balance sheet date, in September 2024 the loans were amended to extend the repayment date to 30 June 2025 with retroactive effect as of October 2023. Movement schedule Cash Non-cash Total movements movements \u20ac \u20ac \u20ac Opening balance 1 January 2023 70,732 Issued during the period 149,385 - 149,385 Interest - 13,408 13,408 Ending balance 31 December 2023 233,525 Represented on 31 December 2023 as: Loans and borrowings 219,385 Interest payable 14,140 233,525 Movement schedule Cash Non-cash Total movements movements \u20ac \u20ac \u20ac Opening balance 1 January 2022 - Issued during the period 105,000 - 105,000 Interest - 732 732 Conversion to shares - (35,000) (35,000) Ending balance 31 December 2022 70,732 Represented on 31 December 2022 as: Loans and borrowings 70,000 Interest payable 732 70,732", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__95": { "value": "6. Trade and other payables 31 December 2023 31 December 2022 \u20ac \u20ac Trade payables - 18,136 Management fee payable 90,750 - Interest payable 14,140 732 Other payables 2,275 16,585 107,165 35,453 All current liabilities fall due in less than one year. The carrying amount of trade and other payables is considered a reasonable approximation of their respective fair value, due to their short-term nature. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__98-1": { "value": "Risk management The Group is exposed to credit risk, liquidity risk, and interest rate risk. The Group\u2019s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Group. Risk management is conducted under policies approved by the board of directors of the Company and of relevant subsidiaries. According to risk management, the Group faces higher than expected risk. The banking relationship with ING was terminated on 31 December 2022. This forced the Group into the funding arrangement with Kennie Capital B.V. and Crazy Duck B.V., refer to Note 5. Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments but does not expect any counterparties to fail to meet their obligations. As the Group did not trade in 2023, it is exposed to limited credit risk. The credit risk arises from cash and cash equivalents. The Group considers the credit risk on the cash and cash equivalents as remote, as the cash and bank balances are held by a credit institution licensed to raise deposits in the Netherlands. In 2023, the Group was exposed to concentration risk, as all cash and cash equivalents were held in a single account. This concentration risk has been mitigated in 2024 by opening an second account by Ebury Netherlands B.V. In addition to that, as of the date of this annual report, the Company is now in the process of opening accounts with a bank in the Netherlands with a higher credit standing. The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 31 December 2023 31 December 2022 \u20ac \u20ac Trade and other receivables 2,047 100 Cash and cash equivalents 564 - 2,611 100Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. Due to the lack of activities, the cash position of the Group is limited. As noted in Note 5, a financing arrangement has been concluded with Kennie Capital B.V and Crazy Duck B.V. to help meet the Group\u2019s obligations. Liquidity is dependent on many external factors. Financing can be unilaterally terminated by either party mentioned above therefore the Group faces significant liquidity risk which is concentrated on the reliance of the financing arrangement. Subsequent to the balance sheet date, the financing arrangements were amended to extend the repayment date to June 2025, as the accrued interest and principal amount are repayable at the end of the term the liquidity risk is reduced as a result. Furthermore, as an additional mitigation of liquidity risk, the Company has the possibility to extend the term of the loan and/or repay principal and accrued interests in shares at a later to be defined share price and terms. Additionally, subsequent to the balance sheet date, the Board of Directors were authorised in December 2024 to issue shares or grant rights to be acquired shares for up to 3,000,000 Class A and/or Class B shares. This enables the Board of Directors to ensure the Group\u2019s short-term liquidity needs. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 219,385 219,385 219,385 - - - Other payables 107,165 107,165 13,408 93,757 - - 326,550 326,550 232,793 93,757 - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 70,000 70,000 70,000 - - - Other payables 35,453 35,453 732 34,721 - - 105,453 105,453 70,732 34,721 - -Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The Group\u2019s exposure to the risk of changes in market interest rates is limited as the financing arrangements with Kennie Capital B.V. and Crazy Duck B.V. incur a fixed rate of interest, refer to Note 5. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__100": { "value": "Credit risk The Group is exposed to credit related losses in the event of non-performance by counterparties to financial instruments but does not expect any counterparties to fail to meet their obligations. As the Group did not trade in 2023, it is exposed to limited credit risk. The credit risk arises from cash and cash equivalents. The Group considers the credit risk on the cash and cash equivalents as remote, as the cash and bank balances are held by a credit institution licensed to raise deposits in the Netherlands. In 2023, the Group was exposed to concentration risk, as all cash and cash equivalents were held in a single account. This concentration risk has been mitigated in 2024 by opening an second account by Ebury Netherlands B.V. In addition to that, as of the date of this annual report, the Company is now in the process of opening accounts with a bank in the Netherlands with a higher credit standing. The Group\u2019s maximum exposure to credit risk for the components of the statement of financial position is the carrying amounts as shown below: 31 December 2023 31 December 2022 \u20ac \u20ac Trade and other receivables 2,047 100 Cash and cash equivalents 564 - 2,611 100", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__102": { "value": "Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. Due to the lack of activities, the cash position of the Group is limited. As noted in Note 5, a financing arrangement has been concluded with Kennie Capital B.V and Crazy Duck B.V. to help meet the Group\u2019s obligations. Liquidity is dependent on many external factors. Financing can be unilaterally terminated by either party mentioned above therefore the Group faces significant liquidity risk which is concentrated on the reliance of the financing arrangement. Subsequent to the balance sheet date, the financing arrangements were amended to extend the repayment date to June 2025, as the accrued interest and principal amount are repayable at the end of the term the liquidity risk is reduced as a result. Furthermore, as an additional mitigation of liquidity risk, the Company has the possibility to extend the term of the loan and/or repay principal and accrued interests in shares at a later to be defined share price and terms. Additionally, subsequent to the balance sheet date, the Board of Directors were authorised in December 2024 to issue shares or grant rights to be acquired shares for up to 3,000,000 Class A and/or Class B shares. This enables the Board of Directors to ensure the Group\u2019s short-term liquidity needs. The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2023: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 219,385 219,385 219,385 - - - Other payables 107,165 107,165 13,408 93,757 - - 326,550 326,550 232,793 93,757 - - The following are the undiscounted contractual maturities of the financial liabilities, including estimated interest payments as at the reporting date per 2022: Carrying Contractual On demand Up to 12 Between 2 Over 5 years amount cash flows months and 5 years \u20ac \u20ac \u20ac \u20ac \u20ac \u20ac Loans and borrowings 70,000 70,000 70,000 - - - Other payables 35,453 35,453 732 34,721 - - 105,453 105,453 70,732 34,721 - -", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__104": { "value": "Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The Group\u2019s exposure to the risk of changes in market interest rates is limited as the financing arrangements with Kennie Capital B.V. and Crazy Duck B.V. incur a fixed rate of interest, refer to Note 5. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__105": { "value": "Capital management The Group manages its total equity (share capital, share premium and reserves) as capital. The Group\u2019s objectives when managing capital are to safeguard the Group\u2019s ability to continue as a going concern, to provide returns for shareholders, to maintain an optimal capital structure to reduce the cost of debt. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__107": { "value": "Fair value Financial assets and financial liabilities that are recognised at fair value in the statement of financial position as at 31 December 2023 can be shown at the following 3 levels according to 'the fair value hierarchy': \u00b7 Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities \u00b7 Level 2: other techniques for which inputs that have a significant effect on the recorded fair value are observable, either directly or indirectly \u00b7 Level 3: techniques that use inputs that have a significant effect on the recorded fair value that are not based on an observable market data. Due to the short-term nature of the Group\u2019s financial instruments, the carrying amounts of are classified as Level 2 and are a reasonable approximation of their respective fair values. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__106": { "value": "Fair value Financial assets and financial liabilities that are recognised at fair value in the statement of financial position as at 31 December 2023 can be shown at the following 3 levels according to 'the fair value hierarchy': \u00b7 Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities \u00b7 Level 2: other techniques for which inputs that have a significant effect on the recorded fair value are observable, either directly or indirectly \u00b7 Level 3: techniques that use inputs that have a significant effect on the recorded fair value that are not based on an observable market data. Due to the short-term nature of the Group\u2019s financial instruments, the carrying amounts of are classified as Level 2 and are a reasonable approximation of their respective fair values. ", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__109": { "value": "8. Revenue streams The Group did not generate revenues in 2023 and 2022. ", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__116": { "value": "9. Administrative expenses 2023 2022 \u20ac \u20ac Management fee expenses 133,292 30,250 AFM and Euronext expenses 37,587 17,567 Consultancy expenses 24,094 154,723 Office and rental expenses 1,329 2,599 Travel and subsistence expenses 2,585 3,834 Other administrative expenses 3,015 3,264 201,902 212,237Audit expenses The following fees were charged by EY Accountants B.V. and its network, as referred to in Section 2:382a(1) and (2) of the Netherlands Civil Code. The audit fees mentioned in the tables below are based on the total fees for the audit of the 2023 financial statements irrespective of when they were invoiced to the Group. 2022 remains unaudited. The audit fees are included in the profit and loss statement in the year the services were rendered. 2023 2022 \u20ac \u20ac Audit of the financial statements 60,950 - Tax-related advisory services - - Other assurance services - - 60,950 -", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__115": { "value": "9. Administrative expenses 2023 2022 \u20ac \u20ac Management fee expenses 133,292 30,250 AFM and Euronext expenses 37,587 17,567 Consultancy expenses 24,094 154,723 Office and rental expenses 1,329 2,599 Travel and subsistence expenses 2,585 3,834 Other administrative expenses 3,015 3,264 201,902 212,237Audit expenses The following fees were charged by EY Accountants B.V. and its network, as referred to in Section 2:382a(1) and (2) of the Netherlands Civil Code. The audit fees mentioned in the tables below are based on the total fees for the audit of the 2023 financial statements irrespective of when they were invoiced to the Group. 2022 remains unaudited. The audit fees are included in the profit and loss statement in the year the services were rendered. 2023 2022 \u20ac \u20ac Audit of the financial statements 60,950 - Tax-related advisory services - - Other assurance services - - 60,950 -", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__114": { "value": "9. Administrative expenses 2023 2022 \u20ac \u20ac Management fee expenses 133,292 30,250 AFM and Euronext expenses 37,587 17,567 Consultancy expenses 24,094 154,723 Office and rental expenses 1,329 2,599 Travel and subsistence expenses 2,585 3,834 Other administrative expenses 3,015 3,264 201,902 212,237Audit expenses The following fees were charged by EY Accountants B.V. and its network, as referred to in Section 2:382a(1) and (2) of the Netherlands Civil Code. The audit fees mentioned in the tables below are based on the total fees for the audit of the 2023 financial statements irrespective of when they were invoiced to the Group. 2022 remains unaudited. The audit fees are included in the profit and loss statement in the year the services were rendered. 2023 2022 \u20ac \u20ac Audit of the financial statements 60,950 - Tax-related advisory services - - Other assurance services - - 60,950 -", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__112-1": { "value": "9. Administrative expenses 2023 2022 \u20ac \u20ac Management fee expenses 133,292 30,250 AFM and Euronext expenses 37,587 17,567 Consultancy expenses 24,094 154,723 Office and rental expenses 1,329 2,599 Travel and subsistence expenses 2,585 3,834 Other administrative expenses 3,015 3,264 201,902 212,23712. Remuneration of executive and non-executive directors Key management and personnel compensation Management services were provided by other entities during 2022 and 2023. Refer to note 9. 15. Related party transactions In the normal course of business, the Group enters into various transactions with related parties. Parties are considered to be related if one party has the ability to control or exercise significant influence over the other party in making financial or operating decisions. There are no significant provisions for doubtful debts or individually significant bad debt expenses recognised on outstanding balances with related parties. The following parties are considered related parties of the Group: The related parties of Lavide Holding N.V. are the members of the Supervisory Board and the members of the Executive Board. Furthermore, the related parties to be mentioned are: \u00b7 Mr. M.H.B. Kok has a real interest of 20%-25% through Crazy Duck B.V. \u00b7 Mrs. I.M. Ruijters has a real interest of 5%-10% through Am\u00e9lie Holding B.V. \u00b7 Mr. C.P. Scholten has a real interest of 3%-5% \u00b7 Mr. D. Hendriks has a real interest of 3%-5% \u00b7 Diede van den Ouden (former CEO) has a real interest of 3-5% \u00b7 Kennie Capital B.V. is owned by former CEO Diede van den Ouden, the Company has been liquidated with an effective date of 31 December 2024 \u00b7 Subsidiaries of the Company, as detailed in Note 22. The percentages are calculated as of 31 December 2023. Ultimate controlling party During 2023, there were no ultimate controlling parties or changes in this position. Transactions with key management Loans and borrowings and share options Kennie Capital B.V. and Crazy Duck B.V. provided financing to the Group during 2023 and 2022. Refer to Note 5 for details. The following balances are outstanding at 31 December 2022 and 31 December 2023. No share options were exercised as at 31 December 2023. 31 December 2023 31 December 2022 \u20ac \u20ac Kennie Capital B.V. 109,385 35,000 Crazy Duck B.V. 110,000 35,000 219,385 70,000 Other related party transactions No further related party transactions occurred.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__111-1": { "value": "9. Administrative expenses 2023 2022 \u20ac \u20ac Management fee expenses 133,292 30,250 AFM and Euronext expenses 37,587 17,567 Consultancy expenses 24,094 154,723 Office and rental expenses 1,329 2,599 Travel and subsistence expenses 2,585 3,834 Other administrative expenses 3,015 3,264 201,902 212,23712. Remuneration of executive and non-executive directors Key management and personnel compensation Management services were provided by other entities during 2022 and 2023. Refer to note 9. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__113-1": { "value": "9. Administrative expensesAudit expenses The following fees were charged by EY Accountants B.V. and its network, as referred to in Section 2:382a(1) and (2) of the Netherlands Civil Code. The audit fees mentioned in the tables below are based on the total fees for the audit of the 2023 financial statements irrespective of when they were invoiced to the Group. 2022 remains unaudited. The audit fees are included in the profit and loss statement in the year the services were rendered. 2023 2022 \u20ac \u20ac Audit of the financial statements 60,950 - Tax-related advisory services - - Other assurance services - - 60,950 -", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__122": { "value": "10. Net finance costs 2023 2022 \u20ac \u20ac Interest income 41 - Total finance income 41 - Interest expense on loans and borrowings 13,408 732 Bank costs 3,317 3,725 Total finance costs 16,725 4,457 Net finance costs 16,684 4,457", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__121": { "value": "10. Net finance costs 2023 2022 \u20ac \u20ac Interest income 41 - Total finance income 41 - Interest expense on loans and borrowings 13,408 732 Bank costs 3,317 3,725 Total finance costs 16,725 4,457 Net finance costs 16,684 4,457", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__119": { "value": "10. Net finance costs 2023 2022 \u20ac \u20ac Interest income 41 - Total finance income 41 - Interest expense on loans and borrowings 13,408 732 Bank costs 3,317 3,725 Total finance costs 16,725 4,457 Net finance costs 16,684 4,457", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__124": { "value": "11. Tax on result 2023 2022 \u20ac \u20ac Tax expense for current financial year - - - - Reconciliation of effective tax rate 2023 \u20ac % Loss before tax (218,586) - Tax using the Netherlands tax rate (42,795) 19.58% Unrecognised tax losses 42,795 (19.58%) - - Taxable amounts for 2023 up to \u20ac 200,000 incur a tax rate of 19%, taxable amounts above \u20ac200,000 incur a tax rate of 25.8%. Reconciliation of effective tax rate 2022 \u20ac % Loss before tax (216,694) - Tax using the Netherlands tax rate (32,504) 15.0% Unrecognised tax losses 32,504 (15.0%) - - Taxable amounts for 2022 up to \u20ac 395,000 incur a tax rate of 15%, taxable amounts above \u20ac395,000 incur a tax rate of 25.8%. The total effective tax rate percentage of nil in 2023 and 2022 is the result of the unrecognised tax losses of the Group. Uncertainty over income tax treatments No uncertain tax treatments have been applied during the period. Tax losses carried forward At the year-end of 2023, the total of accumulated losses had amassed to \u20ac 3,170,207. From January 2022 onwards, an indefinite loss carry forward applies in the Netherlands. Losses incurred in the financial years that started on or after 1 January 2013 also fall under indefinite ruling. Therefore, the \u20ac 3,170,207 has no expiry date. \u20ac Tax losses carried forward 2022 2,951,621 Loss per 31 December 2023 218,586 Total accumulated tax losses 2023 3.170,207", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__129": { "value": "13. Workforce The average number of full-time employees (FTE) employed by the Group was 0 (2022: 0). ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__132": { "value": "14. Commitments and contingencies There were no capital commitments, no contingent liabilities, and no guarantees and no pledged assets in 2023 and 2022. The Group had undrawn borrowing facilities totalling \u20ac 117,207 available from the financing arrangements disclosed in note 5. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__131": { "value": "14. Commitments and contingencies There were no capital commitments, no contingent liabilities, and no guarantees and no pledged assets in 2023 and 2022. The Group had undrawn borrowing facilities totalling \u20ac 117,207 available from the financing arrangements disclosed in note 5. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__136": { "value": "Lavide Holding N.V.", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__137": { "value": "N.V.", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__135": { "value": "During 2023, there were no ultimate controlling parties or changes in this position.", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__139": { "value": "16. Earnings per Share Basic earnings per share are calculated by dividing net loss attributable to equity holders of the Group (numerator) by the weighted average number of shares outstanding (denominator). Diluted earnings per share includes the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares as the denominator, the numerator remains unchanged. \u20ac 1,000 2023 2022 \u20ac \u20ac Basic earnings per share Net loss from continued operations attributable to equity holders (218,586) (216,694) Weighted average number of shares outstanding 5,724,655 5,724,655 Basic earnings per share (\u20ac per Share) (0.04) (0.04) Diluted earnings per share Effect of dilutive potential ordinary shares Share options 700,000 - Weighted average number of shares outstanding for the purposes of 6,424,655 5,724,655 diluted earnings per share Diluted earnings per share (\u20ac per Share) (0.03) (0,04)", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__141": { "value": "17. Segment reporting The Group currently has one reportable segment and therefore does not disclose the segment reporting requirements in accordance with IFRS 8.", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "f1__s7__6__143": { "value": "18. Subsequent events On 3 October 2024, Lavide received an investment from Haerlem Capital, a Dutch private investment fund. Haerlem Capital made a clear commitment to restore Lavide\u2019s listing on Euronext Amsterdam and continue building on the foundation laid by the previous Board of Directors and Supervisory Board. Haerlem Capital has proposed two new member so of the Board of Directors and proposed a new President of the Supervisory Board to be appointed. Such proposals have been endorsed by the General Meeting which enacted the appointments in its (extraordinary) meetings of 14 November 2024, 18 December 2024 and 14 January 2025. More details regarding the changes to the organisation can be found on the Press section on the Company\u2019s website www.lavideholding.com Short after the appointment of the new CEO, EY Accountants B.V. has been proposed to the General Meeting that it will mandate this audit firm as Lavide\u2019s new PIE audit firm. According to the resolution of the shareholders\u2019 meeting of 14 January 2025, EY Accountants B.V. was instructed by the General Meeting to conduct the audit for the financial statements of the fiscal year 2023 (and that of 2024). EY Accountants B.V. is an audit firm licensed to audit the financial statements of Dutch public interest entities (organisaties van openbaar belang). Regarding other operational aspects relevant for this annual report: the credit facility with Kennie Capital B.V. and Crazy Duck B.V. has been ended per 1 January 2025. The outstanding and drawn amounts have been converted into a loan with a fixed term until June 2025, thus ending the commitments for the undrawn amounts. The outstanding amount with Kennie Capital B.V. has been converted into a loan with Diede van den Ouden as Kennie Capital B.V. has been liquidated with effective date of 31 December 2024. Note that both loans were negotiated in such a way that the Company has the possibility to extend the term and/or repay the principal and accrued interests in share at a later to be defined share price and terms. This measure was taker to further reduce the Company\u2019s short-term liquidity risk. ", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:724500NQKTWBNN3HIO61", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } } } }