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REGISTERED NUMBER: 10023689 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GINGER ENTERPRISES LIMITED

GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GINGER ENTERPRISES LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTOR: Mr M A Padgham





REGISTERED OFFICE: 1 Eastway
Eastfield
Scarborough
North Yorkshire
YO11 3LS





REGISTERED NUMBER: 10023689 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,562
Tangible assets 5 395,606 458,822
395,606 460,384

CURRENT ASSETS
Debtors 6 60,033 50,430
Cash at bank 2,327 7,514
62,360 57,944
CREDITORS
Amounts falling due within one year 7 31,295 51,650
NET CURRENT ASSETS 31,065 6,294
TOTAL ASSETS LESS CURRENT LIABILITIES 426,671 466,678

CREDITORS
Amounts falling due after more than
one year

8

410,259

374,917
NET ASSETS 16,412 91,761

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 16,312 91,661
SHAREHOLDERS' FUNDS 16,412 91,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

BALANCE SHEET - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mr M A Padgham - Director


GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income received from the sale of food and drink to customers net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

Current or deferred taxation assets and liabilities are not discounted.

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

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

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

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

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023 2,500
Disposals (2,500 )
At 29 February 2024 -
AMORTISATION
At 1 March 2023 938
Eliminated on disposal (938 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 1,562

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 426,126 124,442 550,568
Additions 875 - 875
Disposals - (112,642 ) (112,642 )
At 29 February 2024 427,001 11,800 438,801
DEPRECIATION
At 1 March 2023 27,572 64,174 91,746
Charge for year 8,543 2,494 11,037
Eliminated on disposal - (59,588 ) (59,588 )
At 29 February 2024 36,115 7,080 43,195
NET BOOK VALUE
At 29 February 2024 390,886 4,720 395,606
At 28 February 2023 398,554 60,268 458,822

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 15,650 3,492

GINGER ENTERPRISES LIMITED (REGISTERED NUMBER: 10023689)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 44,383 46,938

Aggregate amounts 60,033 50,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 16,538 14,610
Trade creditors 2,579 8,967
Taxation and social security - 5,679
Other creditors 12,178 22,394
31,295 51,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 169,823 187,481
Amounts owed to connected party 240,436 187,436
410,259 374,917

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 186,361 202,091

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 100 100 100