Registration number: 12201894

GAIA Restaurant Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 9

GAIA Restaurant Limited

Company Information

Directors

E Kuzin S Allemann

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Auditor

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

GAIA Restaurant Limited

Statement of Financial Position as at 31 December 2024

	Note	31 December 2024 £	Unaudited 30 September 2023 £
Fixed assets
Intangible assets	5	11,280	-
Tangible assets	6	10,160,500	7,418,857
		10,171,780	7,418,857
Current assets
Debtors	7	2,611,089	3,901,861
Cash at bank and in hand		692,859	265,044
		3,303,948	4,166,905
Creditors: Amounts falling due within one year	8	(13,775,062)	(12,557,623)
Net current liabilities		(10,471,114)	(8,390,718)
Total assets less current liabilities		(299,334)	(971,861)
Provisions for liabilities	9	(693,907)	-
Net liabilities		(993,241)	(971,861)
Capital and reserves
Called up share capital		874	874
Retained earnings		(994,115)	(972,735)
Shareholders' deficit		(993,241)	(971,861)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

.........................................

S Allemann

Director

Company registration number: 12201894

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU
 

The principal place of business is:
50 Dover Street
London
W1S 4NY
United Kingdom

The principal activity of the company is the holding of leasehold property and assets utilised within the group for the operation of a restaurant and bar.

2	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 September 2025 was Darren Bond, who signed for and on behalf of Brebners.

3	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

The comparative information presented in the financial statements was unaudited as the company was entitled to exemption from audit.

Disclosure of long or short period

These financial statements relate to the 15 month period from 1 October 2023 to 31 December 2024. The comparatives relate to the year ended 30 September 2023.

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

Going concern

The company generated a small loss for the period ended 31 December 2024 and had a deficiency of net assets at that date of £993,241.

The latest management accounts show a break-even position with the company's cash balance improving from the period end position.

The company funds its working capital requirements through loans from group undertaking to whom an amount of £12,532,736 was due at 31 December 2024. No matters have been drawn to the attention of the directors to suggest that this funding will not continue on acceptable terms in the future and the directors believe that the company is well placed to meet its commitments.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises of recharges of rent and other overhead costs of the company to its fellow group undertaking for use of the company's facilities and assets. Turnover is charged on a time basis over the lease and use of assets on a straight line basis, and in accordance with the company's lease commitments.

Turnover comprises the fair value of the consideration received or receivable charged in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Over the duration of the lease
Furniture, fitting and equipment	20%-33% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development costs	20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4	Staff numbers

The average number of persons employed by the company during the period, was 0 (2023 unaudited - 0).

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

5	Intangible assets

	Website development costs  £	Total £
Cost or valuation
Additions	14,400	14,400
At 31 December 2024	14,400	14,400
Amortisation
Amortisation charge	3,120	3,120
At 31 December 2024	3,120	3,120
Carrying amount
At 31 December 2024	11,280	11,280

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

6	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2023 - Unaudited	5,462,782	1,956,364	7,419,146
Additions	3,239,060	797,962	4,037,022
At 31 December 2024	8,701,842	2,754,326	11,456,168
Depreciation
At 1 October 2023 - Unaudited	-	289	289
Charge for the period	645,357	650,022	1,295,379
At 31 December 2024	645,357	650,311	1,295,668
Carrying amount
At 31 December 2024	8,056,485	2,104,015	10,160,500
At 30 September 2023 - Unaudited	5,462,782	1,956,075	7,418,857

7

Debtors

	2024 £	Unaudited 2023 £
Trade debtors	4,669	-
Amounts owed by group undertakings	827,698	767,481
Other debtors	1,778,722	3,134,380
	2,611,089	3,901,861

Included in other debtors is rental deposits of £1,768,500 (2023 unaudited: £1,740,000) recoverable in more than one year.

GAIA Restaurant Limited

Notes to the Financial Statements for the Period from 1 October 2023 to 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	2024 £	Unaudited 2023 £
Trade creditors	3,078	1,295,440
Amounts owed to group undertakings	12,532,736	10,572,827
Accruals and deferred income	1,239,248	689,356
	13,775,062	12,557,623