2023-03-012024-03-312024-03-31false12468138GARDEN GASTRONOMY GROUP LTD2025-02-10falseiso4217:GBPxbrli:pure124681382023-03-01124681382024-03-31124681382023-03-012024-03-31124681382022-03-01124681382023-02-28124681382022-03-012023-02-2812468138bus:SmallEntities2023-03-012024-03-3112468138bus:AuditExempt-NoAccountantsReport2023-03-012024-03-3112468138bus:AbridgedAccounts2023-03-012024-03-3112468138bus:PrivateLimitedCompanyLtd2023-03-012024-03-3112468138core:WithinOneYear2024-03-3112468138core:AfterOneYear2024-03-3112468138core:WithinOneYear2023-02-2812468138core:AfterOneYear2023-02-281246813812023-03-012024-03-3112468138core:ShareCapital2024-03-3112468138core:SharePremium2024-03-3112468138core:RevaluationReserve2024-03-3112468138core:OtherReservesSubtotal2024-03-3112468138core:RetainedEarningsAccumulatedLosses2024-03-3112468138core:ShareCapital2023-02-2812468138core:SharePremium2023-02-2812468138core:RevaluationReserve2023-02-2812468138core:OtherReservesSubtotal2023-02-2812468138core:RetainedEarningsAccumulatedLosses2023-02-2812468138core:LandBuildings2024-03-3112468138core:PlantMachinery2024-03-3112468138core:Vehicles2024-03-3112468138core:FurnitureFittings2024-03-3112468138core:OfficeEquipment2024-03-3112468138core:NetGoodwill2024-03-3112468138core:IntangibleAssetsOtherThanGoodwill2024-03-3112468138core:ListedExchangeTraded2024-03-3112468138core:UnlistedNon-exchangeTraded2024-03-3112468138core:LandBuildings2023-02-2812468138core:PlantMachinery2023-02-2812468138core:Vehicles2023-02-2812468138core:FurnitureFittings2023-02-2812468138core:OfficeEquipment2023-02-2812468138core:NetGoodwill2023-02-2812468138core:IntangibleAssetsOtherThanGoodwill2023-02-2812468138core:ListedExchangeTraded2023-02-2812468138core:UnlistedNon-exchangeTraded2023-02-2812468138core:LandBuildings2023-03-012024-03-3112468138core:PlantMachinery2023-03-012024-03-3112468138core:Vehicles2023-03-012024-03-3112468138core:FurnitureFittings2023-03-012024-03-3112468138core:OfficeEquipment2023-03-012024-03-3112468138core:NetGoodwill2023-03-012024-03-3112468138core:IntangibleAssetsOtherThanGoodwill2023-03-012024-03-3112468138core:ListedExchangeTraded2023-03-012024-03-3112468138core:UnlistedNon-exchangeTraded2023-03-012024-03-3112468138core:MoreThanFiveYears2023-03-012024-03-3112468138core:Non-currentFinancialInstruments2024-03-3112468138core:Non-currentFinancialInstruments2023-02-2812468138dpl:CostSales2023-03-012024-03-3112468138dpl:DistributionCosts2023-03-012024-03-3112468138core:LandBuildings2023-03-012024-03-3112468138core:PlantMachinery2023-03-012024-03-3112468138core:Vehicles2023-03-012024-03-3112468138core:FurnitureFittings2023-03-012024-03-3112468138core:OfficeEquipment2023-03-012024-03-3112468138dpl:AdministrativeExpenses2023-03-012024-03-3112468138core:NetGoodwill2023-03-012024-03-3112468138core:IntangibleAssetsOtherThanGoodwill2023-03-012024-03-3112468138dpl:GroupUndertakings2023-03-012024-03-3112468138dpl:ParticipatingInterests2023-03-012024-03-3112468138dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-03-3112468138core:ListedExchangeTraded2023-03-012024-03-3112468138dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-03-3112468138core:UnlistedNon-exchangeTraded2023-03-012024-03-3112468138dpl:CostSales2022-03-012023-02-2812468138dpl:DistributionCosts2022-03-012023-02-2812468138core:LandBuildings2022-03-012023-02-2812468138core:PlantMachinery2022-03-012023-02-2812468138core:Vehicles2022-03-012023-02-2812468138core:FurnitureFittings2022-03-012023-02-2812468138core:OfficeEquipment2022-03-012023-02-2812468138dpl:AdministrativeExpenses2022-03-012023-02-2812468138core:NetGoodwill2022-03-012023-02-2812468138core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2812468138dpl:GroupUndertakings2022-03-012023-02-2812468138dpl:ParticipatingInterests2022-03-012023-02-2812468138dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2812468138core:ListedExchangeTraded2022-03-012023-02-2812468138dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2812468138core:UnlistedNon-exchangeTraded2022-03-012023-02-2812468138core:NetGoodwill2024-03-3112468138core:IntangibleAssetsOtherThanGoodwill2024-03-3112468138core:LandBuildings2024-03-3112468138core:PlantMachinery2024-03-3112468138core:Vehicles2024-03-3112468138core:FurnitureFittings2024-03-3112468138core:OfficeEquipment2024-03-3112468138core:AfterOneYear2024-03-3112468138core:WithinOneYear2024-03-3112468138core:ListedExchangeTraded2024-03-3112468138core:UnlistedNon-exchangeTraded2024-03-3112468138core:ShareCapital2024-03-3112468138core:SharePremium2024-03-3112468138core:RevaluationReserve2024-03-3112468138core:OtherReservesSubtotal2024-03-3112468138core:RetainedEarningsAccumulatedLosses2024-03-3112468138core:NetGoodwill2023-02-2812468138core:IntangibleAssetsOtherThanGoodwill2023-02-2812468138core:LandBuildings2023-02-2812468138core:PlantMachinery2023-02-2812468138core:Vehicles2023-02-2812468138core:FurnitureFittings2023-02-2812468138core:OfficeEquipment2023-02-2812468138core:AfterOneYear2023-02-2812468138core:WithinOneYear2023-02-2812468138core:ListedExchangeTraded2023-02-2812468138core:UnlistedNon-exchangeTraded2023-02-2812468138core:ShareCapital2023-02-2812468138core:SharePremium2023-02-2812468138core:RevaluationReserve2023-02-2812468138core:OtherReservesSubtotal2023-02-2812468138core:RetainedEarningsAccumulatedLosses2023-02-2812468138core:NetGoodwill2022-03-0112468138core:IntangibleAssetsOtherThanGoodwill2022-03-0112468138core:LandBuildings2022-03-0112468138core:PlantMachinery2022-03-0112468138core:Vehicles2022-03-0112468138core:FurnitureFittings2022-03-0112468138core:OfficeEquipment2022-03-0112468138core:AfterOneYear2022-03-0112468138core:WithinOneYear2022-03-0112468138core:ListedExchangeTraded2022-03-0112468138core:UnlistedNon-exchangeTraded2022-03-0112468138core:ShareCapital2022-03-0112468138core:SharePremium2022-03-0112468138core:RevaluationReserve2022-03-0112468138core:OtherReservesSubtotal2022-03-0112468138core:RetainedEarningsAccumulatedLosses2022-03-0112468138core:AfterOneYear2023-03-012024-03-3112468138core:WithinOneYear2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-03-3112468138core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3112468138core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3112468138core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2812468138core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2812468138core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2812468138bus:Director12023-03-012024-03-3112468138bus:Director22023-03-012024-03-31

GARDEN GASTRONOMY GROUP LTD

(formerly SAYV GROUP LTD)

Registered Number
12468138
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

GARDEN GASTRONOMY GROUP LTD
Company Information
for the period from 1 March 2023 to 31 March 2024

Directors

DALGLIESH, Lewis
MORGAN, Richard

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

12468138 (England and Wales)
GARDEN GASTRONOMY GROUP LTD
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

28 Feb 2023

£

£

£

£

ASSETS
Fixed assets
Intangible assets318,997-
18,997-
Current assets
Stocks49,628-
Debtors32,975-
Cash at bank and in hand69,540-
152,143-
152,143-
171,140-
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital149-
Share premium account79,953-
Profit and loss account(59,740)-
20,362-
Liabilities
Creditors amounts falling due within one year135,028-
Creditors amounts falling due after one year515,750-
171,140-
The financial statements were approved and authorised for issue by the Board of Directors on 10 February 2025, and are signed on its behalf by:
DALGLIESH, Lewis
Director
Registered Company No. 12468138
GARDEN GASTRONOMY GROUP LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete, that could include Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees
The average number of employees (including directors with contract for services) during the period was 2 (2023 - 2)

20242023
Average number of employees during the year22
3.Intangible assets
These intangible assets being the amount paid in connection with the asset purchase transfer agreement, in effect 01 December 2023.

Total

£
Cost or valuation
Additions20,000
At 31 March 2420,000
Amortisation and impairment
Charge for year1,003
At 31 March 241,003
Net book value
At 31 March 2418,997
At 28 February 23-
4.Useful life of intangible assets
Intangible assets are initially recognised at cost and subsequently carried at cost less accumulated amortisation and impairment losses. Brand – The acquired brand "Alfresco Chef" is recognised at cost and assessed for impairment annually, as it is deemed to have an indefinite useful life. Goodwill – Amortised on a straight-line basis over 5 years. Websites (recorded to Goodwill) – Amortised over 3 years based on the expected period of benefit. Social Media Accounts (recorded to Goodwill) – Amortised over 2 years due to the fast-changing nature of digital platforms. Trademarks – Amortised over 10 years, aligned with their definite useful life estimated from the original acquisition date by the previous owner. Amortisation is recorded in the statement of profit or loss. Intangible assets are reviewed annually for impairment or when indicators suggest a decline in value.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts15,750-
Total15,750-
6.Related party transactions
Lender Principal (£) Interest Rate (%) Repayment Term Balance at Year-End (£) Karen Dalgliesh 15,000 Simple 15% 1.5 years 15,000 The loan is unsecured and made to the company by a related party in relation to a director of the company.