Company registration number 11785814 (England and Wales)
GINGERBERY INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GINGERBERY INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 9
GINGERBERY INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
109,439
143,115
Current assets
Stocks
16,254
31,841
Debtors
4
1,074,250
1,198,605
Cash at bank and in hand
122,275
37,640
1,212,779
1,268,086
Creditors: amounts falling due within one year
5
(3,397,951)
(3,342,154)
Net current liabilities
(2,185,172)
(2,074,068)
Total assets less current liabilities
(2,075,733)
(1,930,953)
Creditors: amounts falling due after more than one year
6
(28,845)
(34,912)
Net liabilities
(2,104,578)
(1,965,865)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,104,579)
(1,965,866)
Total equity
(2,104,578)
(1,965,865)
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
Mr M H Bakr-Ibrahim
Director
Company registration number 11785814 (England and Wales)
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Gingerbery Investments Limited is a private company limited by shares incorporated in England and Wales under the Companies Act 2006. The registered office is given on the company information page and the nature of the company’s operations and principal activity are set out in the director's report. The registered office is 16-18 St. James's Place, London, SW1A 1NJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
The principal accounting policies adopted are set out below.
1.2
Going concern
Taking into account the developments in the economy in general and our business area in particular,true the directors prepare, monitor, and constantly review financial plans and forecasts, which are amended to include the impact of known changes in activities, and will continue to review these budgets and forecasts on a regular basis.
The Directors remain confident based on the trading outlook and are very optimistic that based on the trading outlook that they have sufficient resources available to be able to meet all liabilities as they fall due and to be able to continue to trade for a period of at least 12 months from signing these accounts.
If required, the company’s ultimate controlling party has confirmed their willingness to provide additional financial support, as evidenced by past contributions and the provision of a formal letter of support.
Accordingly, the Directors consider it appropriate to prepare the financial statements on a going concern basis.
1.3
Turnover
Turnover represents amounts receivable for food and beverage sales provided in the normal course of business, net of trade discounts, VAT and other sales related taxes. Turnover is recognised at the point at which goods and services are delivered to the customer.
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Fixtures and fittings
20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
1.6
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
1.7
Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers.
Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
1.9
Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.12
Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates.
The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
2
Employees
The average monthly number of employees, including directors, during the year was:
2024
2023
Number
Number
Total
47
43
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
1,912,754
Additions
13,510
At 31 December 2024
1,926,264
Depreciation and impairment
At 1 January 2024
1,769,639
Depreciation charged in the year
47,186
At 31 December 2024
1,816,825
Carrying amount
At 31 December 2024
109,439
At 31 December 2023
143,115
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,868
29,556
Amounts owed by group undertakings
917,731
1,027,713
Other debtors
32,193
19,878
952,792
1,077,147
Deferred tax asset
14,501
14,501
967,293
1,091,648
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
106,957
106,957
Total debtors
1,074,250
1,198,605
Amounts owed by group undertakings and other participating interests are unsecured, interest free and repayable on demand.
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
6,618
6,618
Trade creditors
168,664
77,491
Amounts owed to group undertakings
3,004,598
2,883,780
Taxation and social security
83,509
101,543
Other creditors
134,562
272,722
3,397,951
3,342,154
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
7
28,845
34,912
The bank loan is held with HSBC and interest is payable at 2.5% per annum from 1 April 2022. It is repayable in installments with the final amount due in October 2026.
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Loans and overdrafts
2024
2023
£
£
Bank loans
35,463
41,530
Payable within one year
6,618
6,618
Payable after one year
28,845
34,912
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
The auditor's report is unqualified and includes the following:
Opinion
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Senior Statutory Auditor:
Asif Hassan
Statutory Auditor:
Taylor Associates
Date of audit report:
19 May 2025
9
Commitments under operating leases
Lessee
At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
2024
2023
£
£
52,733
220,533
GINGERBERY INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
10
Related party transactions
The company has taken advantage of the exemption available under paragraph 33.1A of the Financial
Reporting Standard 102 not to disclose transactions with other wholly owned members of the group.
11
Controlling party
The ultimate controlling party of the group is the WARM Foundation which is registered in Liechtenstein. The immediate parent company is BHL Global Limited which is incorporated in England and Wales.
The largest and smallest group into which the results of the company have been consolidated is the report and financial statements of BHL Global Limited. Copies of the group financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.