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Registered number: 09581395 (England & Wales)
| ACAI GROUP LIMITED |
| DIRECTORS' REPORT AND AUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| Pages for Filing with Registrar |
ACAI GROUP LIMITED
CONTENTS
| Page
Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 - 9
ACAI GROUP LIMITED
COMPANY INFORMATION
Directors | Annette Dalah
| Alan Gabbay
| David Gabbay
| Caroline Hanouka
Registered number | 09581395
Registered office | 8 Sackville Street
| London
| W1S 3DG
Independent auditors | Lewis Golden LLP
| 40 Queen Anne Street
| London
| W1G 9EL
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Registered number: 09581395 (England & Wales) ACAI GROUP LIMITED
BALANCE SHEET AS AT 28 FEBRUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 5 |  | 147,441 |  | 163,880
Current assets |  |  |  |  |
Debtors | 6 | 140,618,674 |  | 104,897,370 |
Cash at bank and in hand |  | 3,951,974 |  | 39,858,957 |
|  | 144,570,648 |  | 144,756,327 |
Creditors: amounts falling due within one year | 7 | (144,219,239) |  | (144,521,116) |
Net current assets |  |  | 351,409 |  | 235,211
Total assets less current liabilities |  |  | 498,850 |  | 399,091
Deferred tax | 8 |  | (33,092) |  | (33,050)
Net assets |  |  | 465,758 |  | 366,041
Capital and reserves |  |  |  |  |
Share capital |  |  | 3 |  | 3
Profit and loss account |  |  | 465,755 |  | 366,038
|  |  | 465,758 |  | 366,041
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Directors' Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Alan Gabbay
Director
Date: 9 October 2025
The notes on pages 3 to 9 form part of these financial statements. - 2 -
ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
ACAI Group Limited is a private company limited by shares incorporated in England and Wales registered number 09581395. The address of the registered office is 8 Sackville Street, London, W1S 3DG. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A - Small Entities of Financial Reporting Standard 102. The 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the Company. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.3 | Tangible fixed assets
Tangible fixed assets 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 conditions necessary for it to be capable of operating in the manner intended by management. 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. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery etc | - | 5 years 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 the Profit and Loss Account.
| 2.4 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.5 | 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. - 3 -
ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.6 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.7 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to the Profit and Loss Account on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.8 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.9 | 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 the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. - 4 -
ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.10 | Current and deferred taxation
Tax is recognised in the Profit and Loss Account. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to the Profit and Loss Account.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the Company's financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of turnover, expenses, assets and liabilities, and the disclosure of contingent liabilities, at the reporting date. However, uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods.
4. | Employees
| The average monthly number of employees, including Directors, during the year was 16 (2024 - 16).
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ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Tangible fixed assets
|  | Plant and machinery etc.
|  | £
| Cost or valuation |
| At 1 March 2024 | 263,268
| Additions | 85,325
| Disposals | (67,690)
| At 28 February 2025 | 280,903
| Depreciation |
| At 1 March 2024 | 99,388
| Charge for the year | 65,099
| Disposals | (31,025)
| At 28 February 2025 | 133,462
| Net book value |
| At 28 February 2025 | 147,441
| At 29 February 2024 | 163,880
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 440,090 | -
| Amounts owed by connected companies | 137,064,334 | 103,270,173
| Other debtors | 3,114,250 | 1,627,197
|  | 140,618,674 | 104,897,370
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ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 129,389 | 111,250
| Amounts owed to connected companies | 143,454,504 | 144,035,502
| Corporation tax | 45,332 | 74,990
| Other taxation and social security | 352,355 | 90,922
| Other creditors | 237,659 | 208,452
|  | 144,219,239 | 144,521,116
| The Company has given security to Barclays Bank (Suisse) SA in the form of a fixed charge over the assets of the Company. This is in respect of a loan facility held with the bank. As at 28 February 2025 the Company had not requested a drawdown of funds from the facility.
8. | Deferred taxation
|  | 2025
|  | £
| At 1 March 2024 | (33,050)
| Charged to Profit and Loss Account | (42)
| At 28 February 2025 | (33,092)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (33,092) | (33,050)
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ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
9. | Related party transactions
At the year end the Company was owed the following amounts by companies connected via common directorship:
| Entity |  |  | 2025 £ | 2024 £
| ACAI (Brompton Road) Limited |  |  | 8,564,597 | 8,686,399
| ACAI (Cavendish Place) Limited |  |  | 18,896,634 | 20,025,902
| ACAI Properties Limited |  |  | 4,098,781 | 8,139,741
| ACAI (Dean Street) Limited |  |  | 15,449,502 | 22,240,283
| ACAI (Frith Street) Limited |  |  | 4,949,035 | 5,202,109
| ACAI Capital Limited |  |  | 1,523,910 | 2,523,910
| ACAI (Argyll Street) Limited |  |  | 29,794,213 | 27,952,702
| ACAI Holdings Limited |  |  | 8,978,931 | 4,978,925
| ACAI (High Holborn) Limited |  |  | 1,842,121 | 1,618,122
| ACAI Finance Limited |  |  | 13,155 | 12,000
| ACAI (Avenue Road) Limited |  |  | 4,295,540 | 1,878,607
| ACAI (Old Burlington Street) Limited |  |  | - | 11,473
| ACAI (Golden Square) Limited |  |  | 30,303,323 | -
| ACAI (Bruton Street) Ltd |  |  | 238,588 | -
| ACAI (Coach & Horses) Limited |  |  | 3,427,082 | -
| ACAI Investments Limited |  |  | 4,688,922 | -
|  |  |  | 137,064,334 | 103,270,173
At the year end the Company owed the following amounts to companies connected via common directorship:
| Entity |  |  | 2025 £ | 2024 £
| ACAI (Truro) Limited |  |  | 229,610 | 272,682
| ACAI (Harrow) Limited |  |  | 83,399 | 65,068
| ACAI (Sackville Street) Limited |  |  | 1,038,191 | 919,316
| ACAI FIC Limited |  |  | 79,889,593 | 74,252,093
| ACAI Group Holdings Limited |  |  | 14,212,886 | 11,256,860
| ACAI Investments Limited |  |  | - | 10,198,578
| ACAI Investment Holdings Limited |  |  | 26,227,951 | 26,227,951
| ACAI (London Bridge) Limited |  |  | 21,622,623 | 20,842,954
| ACAI (Old Burlington Street) Limited |  |  | 150,141 | -
|  |  |  | 143,454,394 | 144,035,502
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ACAI GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 9. Related party transactions (continued) Included in accrued income at the year end are management charges from companies connected via common directorship:
| Entity |  |  | 2025 £ | 2024 £
| ACAI (Truro) Limited |  |  | 1,252 | 10,319
| ACAI (Harrow) Limited |  |  | 8,137 | 7,448
| ACAI (Brompton Road) Limited |  |  | 144,448 | 124,075
| ACAI (Old Burlington Street) Limited |  |  | 102,389 | 65,838
| ACAI (Cavendish Place) Limited |  |  | 449,737 | 204,357
| ACAI (Sackville Street) Limited |  |  | 259,803 | 135,337
| ACAI (High Holborn) Limited |  |  | 115,922 | 97,819
| ACAI (Dean Street) Limited |  |  | 196,253 | 173,106
| ACAI (Frith Street) Limited |  |  | 64,057 | 30,521
| ACAI (Argyll Street) Limited |  |  | 363,295 | 143,593
| ACAI (London Bridge) Limited |  |  | 631,772 | 389,458
| ACAI (Avenue Road) Limited |  |  | 271,428 | 168,869
| ACAI (Bruton Street) Limited |  |  | 65,279 | -
| ACAI (Coach & Horses) Limited |  |  | 6,260 | -
| ACAI (Golden Square) Limited |  |  | 214,973 | -
| ACAI (Properties) Limited |  |  | 85,548 | -
|  |  |  | 2,980,553 | 1,551,741
10. | Auditors' information
The full financial statements from which these Pages for Filing with Registrar have been extracted have been audited by Lewis Golden LLP. The audit report was unqualified and signed by Keith Mitchell (Senior Statutory Auditor at Lewis Golden LLP) on 14 October 2025
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