GARDEN GASTRONOMY GROUP LTD


Directors	DALGLIESH, Lewis
	HUGHES, Ashley Leon
	MORGAN, Richard


Registered Address	128 City Road
	London
	EC1V 2NX


Registered Number	12468138 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Going concern
	The company focused on online sales of outdoor cooking products. Turnover and margins were impacted by market conditions and e-commerce platform fee increases. The directors have prepared the financial statements on a going‑concern basis. As explained in the accounting policies, there is a material uncertainty related to plans to wind down operations after the reporting date. Future developments: Following the year end the directors commenced steps to wind down and intend to apply for voluntary strike‑off in due course.

Going concern

The company focused on online sales of outdoor cooking products. Turnover and margins were impacted by market conditions and e-commerce platform fee increases.

The directors have prepared the financial statements on a going‑concern basis. As explained in the accounting policies, there is a material uncertainty related to plans to wind down operations after the reporting date.

Future developments: Following the year end the directors commenced steps to wind down and intend to apply for voluntary strike‑off in due course.

	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 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.

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.

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.

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.

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.

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.

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 (2024 - 2)


		2025		2024
	Average number of employees during the year	2		2

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
	At 01 April 24	20,000
	Additions	199
	At 31 March 25	20,199
	Amortisation and impairment
	At 01 April 24	1,003
	Charge for year	3,011
	At 31 March 25	4,014
	Net book value
	At 31 March 25	16,185
	At 31 March 24	18,997

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.

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.	Provisions for liabilities
	A provision of £2,020 has been recognised for expected warranty claims on goods sold prior to the year end. The provision has been measured using a 2% rate applied to annual sales of approximately £101,000, based on the company’s experience and median industry data. The provision represents management’s best estimate of the outflow required and is expected to be utilised within twelve months. The estimate is reviewed regularly in light of claims experience

Provisions for liabilities

A provision of £2,020 has been recognised for expected warranty claims on goods sold prior to the year end. The provision has been measured using a 2% rate applied to annual sales of approximately £101,000, based on the company’s experience and median industry data. The provision represents management’s best estimate of the outflow required and is expected to be utilised within twelve months. The estimate is reviewed regularly in light of claims experience

6.	Events after reporting date
	On 15 October 2025 the company deregistered for VAT. At the date of deregistration the company held no inventories or fixed assets that gave rise to a deemed supply. The directors consider there is no material financial effect on these financial statements as a result of the deregistration.

7.	Related party transactions
	At 31 March 2025 amounts owed to Ms K Dalgliesh, a close family member of a director, totalled £5,000 (2024: £15,000) within creditors due after more than one year. Accrued interest of £750 (2024: £1,500) is included within creditors due within one year. The balance is unsecured and repayable on demand. No guarantees were given to or received from the related party. The loan is unsecured and made to the company by a related party in relation to a director of the company.

Related party transactions

At 31 March 2025 amounts owed to Ms K Dalgliesh, a close family member of a director, totalled £5,000 (2024: £15,000) within creditors due after more than one year. Accrued interest of £750 (2024: £1,500) is included within creditors due within one year. The balance is unsecured and repayable on demand. No guarantees were given to or received from the related party.

The loan is unsecured and made to the company by a related party in relation to a director of the company.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		16,185		18,997
			16,185		18,997
Current assets
Stocks		32,821		49,628
Debtors		6,394		32,768
Cash at bank and on hand		3,865		69,540
		43,080		151,936
Creditors amounts falling due within one year		(109,763)		(135,027)
Net current assets (liabilities)			(66,683)		16,909
Total assets less current liabilities			(50,498)		35,906
Creditors amounts falling due after one year			(5,000)		(15,750)
Net assets			(55,498)		20,156
Capital and reserves
Called up share capital			149		149
Share premium			79,953		79,953
Profit and loss account			(135,600)		(59,946)
Shareholders' funds			(55,498)		20,156