Registration number: 14244561

Gaia Dining Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 7

Gaia Dining Limited

Company Information

Director

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 Dining Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	Unaudited 2023 £
Current assets
Stocks	5	353,557	-
Debtors	6	696,182	2,922
Cash at bank and in hand		6,641	-
		1,056,380	2,922
Creditors: Amounts falling due within one year	7	(3,869,295)	(787,909)
Net liabilities		(2,812,915)	(784,987)
Capital and reserves
Called up share capital		100	100
Retained earnings		(2,813,015)	(785,087)
Shareholders' deficit		(2,812,915)	(784,987)

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 director on 26 September 2025
 

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

S Allemann

Director

Company registration number: 14244561

Gaia Dining 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 that of 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 period from 19 July 2022 to 30 September 2023.

Gaia Dining Limited

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

Going concern

The company made a loss in its first period of trade ended 31 December 2024 and had a deficiency of net assets at that date of £2,812,915.

Despite being the first period of trade and the company generating a gross profit, the initial start up costs of the restaurant has resulted in a significant net loss for the year. The directors believe GAIA has established its reputation in the industry building a strong foundation for continued growth such that the company will generate profits in the foreseeable future.

The company primarily funds its working capital requirements through loans from group companies, which have advanced funds totalling £827,698 as at 31 December 2024. The group funds their working capital requirements through interest free loans and advances from former, current and prospective shareholders, who have advanced funds totalling £11,917,298 to the company’s immediate parent undertaking as at the period end. No matters have been drawn to the attention of the director to suggest that this funding will not continue on acceptable terms in the future and the director believes that the company is well placed to manage its business risks successfully.

The latest management accounts show the company has maintained strong gross profit margins in line with management expectations, as it continues to strengthen its position in the industry. Management have prepared stress tested forecasts that indicate expected profitability before interest and the amortisation recharge of the restaurants fit out costs from a fellow subsidiary. These forecasts also indicate strong cash flows to support the directors assessment that the group will continue to meet it's liabilities for the foreseeable future.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax (VAT).

Revenue from food and beverage represents the invoiced value of food and beverage sold. This is inclusive of service charge but net of VAT, returns and discounts and is recorded at the point in time when the control
over the goods is transferred to the customers.

Service charges are recognised based on certain percentage of the food and beverage revenue.

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.

Gaia Dining Limited

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4	Staff numbers

The average number of persons employed by the company during the period, was 186 (2023 - 1).

5

Stocks

	2024 £	Unaudited 2023 £
Stock	353,557	-

Gaia Dining Limited

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

6

Debtors

	2024 £	Unaudited 2023 £
Trade debtors	130,855	-
Amounts owed by group undertakings	194,527	-
Other debtors	370,800	2,922
	696,182	2,922

Other debtors includes an amount of £21,450 (2023 unaudited: £Nil) recoverable in greater than one year.

7

Creditors

Creditors: amounts falling due within one year

	2024 £	Unaudited 2023 £
Trade creditors	1,260,797	2,921
Amounts owed to group undertakings	827,698	767,481
Taxation and social security	889,783	14,655
Accruals and deferred income	767,256	2,852
Other creditors	123,761	-
	3,869,295	787,909