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 period ended 31 December 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). The financial statements are prepared on a break‑up basis in view of the directors’ decision to cease trading and apply for voluntary strike‑off. Assets are stated at estimated realisable amounts and liabilities include costs expected to be incurred to complete the wind‑down and strike‑off. Depreciation and amortisation ceased from the date the break‑up basis was adopted.

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).

The financial statements are prepared on a break‑up basis in view of the directors’ decision to cease trading and apply for voluntary strike‑off. Assets are stated at estimated realisable amounts and liabilities include costs expected to be incurred to complete the wind‑down and strike‑off. Depreciation and amortisation ceased from the date the break‑up basis was adopted.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	These financial statements have not been prepared on a going concern basis because the company ceased trading on 31 December 2025 and the directors intend to strike the company off the register. In preparing these cessation accounts, the directors have ensured that all assets and liabilities have been measured at amounts expected to be realised or settled prior to closure. As at 31 December 2025, all known assets and liabilities have been realised or settled and, accordingly, the balance sheet shows no assets and no liabilities. No further adjustments were considered necessary in respect of the change from a going concern basis.

Going concern

These financial statements have not been prepared on a going concern basis because the company ceased trading on 31 December 2025 and the directors intend to strike the company off the register.

In preparing these cessation accounts, the directors have ensured that all assets and liabilities have been measured at amounts expected to be realised or settled prior to closure. As at 31 December 2025, all known assets and liabilities have been realised or settled and, accordingly, the balance sheet shows no assets and no liabilities. No further adjustments were considered necessary in respect of the change from a going concern basis.

	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 3 (2024 - 2)


		2025		2025
	Average number of employees during the year	3		2

3.	Intangible assets
	On adoption of the break‑up basis the carrying amounts of goodwill, brands and trademarks were assessed and written down to nil as they had no recoverable value in the wind‑down. The resulting impairment loss has been recognised in the profit and loss account.

		Total
		£
	Cost or valuation
	At 01 April 25	20,200
	At 31 December 25	20,200
	Amortisation and impairment
	At 01 April 25	4,015
	Charge for year	16,185
	At 31 December 25	20,200
	Net book value
	At 31 December 25	-
	At 31 March 25	16,185

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 warranty provision of £2,020 was recognised at 31 March 2025 based on 2% of annual sales of approximately £101,000, reflecting historical experience and median industry data. During the period the company ceased trading and no further warranty obligations remained. The provision was therefore released in full to profit or loss. No provision remained at 31 December 2025.

6.	Share capital
	Classes and rights: The company has two classes of £1 ordinary shares: Ordinary A and Ordinary B. Ordinary A and Ordinary B shares rank pari passu within each class and carry one vote per share. Dividends may be declared at different rates between classes. The shares are not redeemable. Movements in the period: During the period the company created and allotted Ordinary B shares. The company also purchased 2 Ordinary A shares for cancellation in accordance with the Companies Act 2006; the shares were cancelled on completion. A capital redemption reserve equal to the nominal value of the shares purchased has been created.

Share capital

Classes and rights:
The company has two classes of £1 ordinary shares: Ordinary A and Ordinary B. Ordinary A and Ordinary B shares rank pari passu within each class and carry one vote per share. Dividends may be declared at different rates between classes. The shares are not redeemable.

Movements in the period:
During the period the company created and allotted Ordinary B shares. The company also purchased 2 Ordinary A shares for cancellation in accordance with the Companies Act 2006; the shares were cancelled on completion. A capital redemption reserve equal to the nominal value of the shares purchased has been created.

7.	Events after reporting date
	After the reporting date the directors resolved to apply for voluntary strike‑off of the company. No adjustments are required to these financial statements as a result of this event.

8.	Related party transactions
	During the period a loan outstanding to a close family member of a director was formally waived. The principal waiver has been recognised as non‑trading loan relationship income and accrued interest waived has been recognised as other income. Loans due to directors were formally waived during the period. The principal amounts waived have been recognised as capital contributions within equity. Accrued interest waived has been recognised as other income in the profit and loss account. All balances were unsecured and repayable on demand prior to waiver.

Related party transactions

During the period a loan outstanding to a close family member of a director was formally waived. The principal waiver has been recognised as non‑trading loan relationship income and accrued interest waived has been recognised as other income.

Loans due to directors were formally waived during the period. The principal amounts waived have been recognised as capital contributions within equity. Accrued interest waived has been recognised as other income in the profit and loss account. All balances were unsecured and repayable on demand prior to waiver.

9.	Change in reporting period and impact on comparability
	The accounting reference date was shortened to 31 December 2025. The current period is therefore a nine‑month period from 1 April 2025 to 31 December 2025 and is not directly comparable with the prior 12‑month period.

	Notes	31 Dec 2025		31 Mar 2025
		£	£	£	£
Fixed assets
Intangible assets	3		-		16,185
			-		16,185
Current assets
Stocks		-		32,821
Debtors		-		6,393
Cash at bank and on hand		-		3,865
		-		43,079
Creditors amounts falling due within one year		-		(109,763)
Net current assets (liabilities)			-		(66,684)
Total assets less current liabilities			-		(50,499)
Creditors amounts falling due after one year			-		(5,000)
Net assets			-		(55,499)
Capital and reserves
Called up share capital			150		149
Share premium			82,950		79,953
Other reserves			61,808		-
Profit and loss account			(144,908)		(135,601)
Shareholders' funds			-		(55,499)