Registration number:
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Gaia Dining Limited
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Brebners
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Gaia Dining Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Statement of Financial Position |
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Notes to the Financial Statements |
Gaia Dining Limited
Company Information
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Director |
S Allemann |
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Registered office |
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Auditor |
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Gaia Dining Limited
Strategic Report for the Year Ended 31 December 2025
The director presents his strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is that of the operation of a restaurant and bar.
Fair review of the business
GAIA Dining operates as a premier fine-dining destination in Mayfair, offering a Mediterranean culinary experience combined with a sophisticated nightlife lounge, NYX.
Following our opening in late 2023, the 2025 financial year served as a critical period of learning and stabilization. Our business is defined by a commitment to "emotional permanence" and a timeless approach to luxury.
During 2025, management focused on refining the operating model, strengthening team structures, and reinforcing our guest proposition to build brand credibility within the highly competitive London market.
Analysis of performance
FY2025 marked a year of significant financial progression being the first full year of trading. After an initial operational and cost reset early in the year, the business achieved a strong performance:
• Financial Progression: The business achieved substantial year-on-year growth in operating profitability, driven by a successful transition from the initial launch phase to sustained commercial stabilization. Turnover increased significantly, as guest volumes remained consistent and the brand continued to gain traction within the luxury dining market.
• Operational Discipline: Rigorous cost management remained a central focus throughout the year, including the optimization of staffing structures and COGS, enabling the business to maintain gross margins of approximately 80% throughout the latter half of the year.
• Commercial Growth: The continuing strong demand and growing customer loyalty were supported by the strategic activation of the second-floor lounge for corporate and private events which successfully diversified our revenue streams, enhanced the guest experience, and contributed positively to overall commercial performance.
Gaia Dining Limited
Strategic Report for the Year Ended 31 December 2025
The directors monitor a focused set of financial performance indicators to assess trading performance, profitability, and liquidity. These measures are reviewed regularly by the Board through management accounts and comparisons against budgets and financial objectives.
The company's key financial and other performance indicators during the year were as follows:
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Financial KPIs |
Unit |
2025 |
2024 |
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Turnover |
£ |
19,466,949 |
18,662,918 |
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Profit/(loss) before tax |
£ |
817,043 |
(2,027,928) |
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Deficit of net assets |
£ |
(1,995,872) |
(2,812,915) |
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Gross profit margin |
% |
78 |
75 |
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Cash |
£ |
97,662 |
6,641 |
The company’s financial position continues to be supported by the long term commitment of its ultimate parent, which provides secure and ongoing funding through shareholder loans.
Although net assets remain in deficit, this reflects the capital structure of the business rather than any concerns regarding its viability, given the strength and reliability of this financial support.
The business maintains a good cash position, underpinned by strong working capital management and stable trading performance.
In addition, the business benefits from a long leasehold property and a high quality restaurant fit out, representing a significant investment in the guest experience and providing a strong foundation for future operational stability.
Non-financial KPI's
The directors assess the performance of the business using a combination of financial and non financial indicators. While the key financial measures are discussed above, the non financial indicators—such as service quality, guest satisfaction and operational efficiency— are monitored to support the business’ broader strategic objectives. These measures are not considered key performance indicators in their own right; however, they provide valuable context for understanding trends in service delivery and operational standards.
The Board meets regularly to review management accounts, evaluate performance against budgets and financial objectives, and consider progress against relevant non financial targets to ensure the business continues to operate to the high standards expected within the luxury hospitality sector.
Financial instruments
The use of financial instruments is limited to those required for its operational activities, primarily comprising trade receivables, trade payables, and standard cash management facilities. These instruments are used solely for the purposes of supporting day to day liquidity and managing working capital, and the company does not engage in complex financial instruments or enter transactions for speculative purposes. The business is solely funded through shareholder loans, which form the principal source of financing.
As a result, the company’s exposure to credit, liquidity, and interest rate risk remains limited and is monitored through established internal controls and other financial management practices. The Board considers these risks to be low and appropriately managed within the existing governance framework.
Gaia Dining Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The directors identify and mitigate the following primary risks:
• Market and Economic Sensitivity: Operating in a highly competitive luxury dining market within Mayfair, the business is exposed to shifts in consumer confidence and discretionary spending. To remain competitive, the business focuses on delivering exceptional cuisine, premium service, and a distinctive atmosphere that supports guest loyalty.
• Operational Costs: Rising food, beverage, and labour costs present ongoing challenges in the luxury hospitality sector. The business manages these pressures through disciplined cost control, efficient labour planning, and strong supplier relationships to maintain quality and consistency.
• Financial Dependency: The business is fully funded by its shareholders and relies on their continued financial support. Senior management maintains close oversight of day to day financial operations to ensure robust cash flow management and operational resilience. This governance framework enables the business to navigate periods of economic uncertainty while sustaining the high standards expected within the luxury dining market.
Future prospects
Looking ahead, the business aims to build on its strong foundations by enhancing the guest experience through continued operational refinement and strategic investment.
The business plans to strengthen its talent by deepening its commitment to professional development, ensuring teams remain equipped to deliver the exceptional service expected in the luxury hospitality sector.
Alongside this, the business will focus on its sustainability agenda by broadening responsible sourcing initiatives and expanding community focused activities within Mayfair, supporting long term relationships and reinforcing its role as a responsible local partner.
These initiatives position the business for sustainable growth while maintaining the standards that define its reputation.
Summary
FY2025 has established a resilient, structured platform. By refining our commercial positioning and strengthening operational discipline, the directors are confident that GAIA Dining is well-positioned to unlock incremental revenue growth and further activation in 2026.
Approved by the
.........................................
Director
Gaia Dining Limited
Director's Report for the Year Ended 31 December 2025
The director presents his report and the financial statements for the year ended 31 December 2025.
Director of the company
The director who held office during the year was as follows:
Disclosure of information in the Strategic Report
The group has chosen in accordance with s.414C(11) Companies Act 2006 to set out in the group's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial instruments.
Disclosure of information to the auditor
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.
Approved by the director on
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S Allemann
Director
Gaia Dining Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Gaia Dining Limited
Independent Auditor's Report to the Members of Gaia Dining Limited
for the Year Ended 31 December 2025
Opinion
We have audited the financial statements of Gaia Dining Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Gaia Dining Limited
Independent Auditor's Report to the Members of Gaia Dining Limited
for the Year Ended 31 December 2025
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities (set out on page 6), the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Gaia Dining Limited
Independent Auditor's Report to the Members of Gaia Dining Limited
for the Year Ended 31 December 2025
Based on our understanding of the company and the industry in which it operates, we determined that the principal risks of non-compliance with laws and regulations related to the reporting framework (FRS 102 and the Companies Act 2006) and UK corporate taxation laws. These risks were communicated to our audit team and we remained alert to any indications of non-compliance throughout our audit.
We understood how the company is complying with relevant legislation by making enquiries of management. We also considered the results of our audit procedures and to what extent these corroborate this understanding and assessed the susceptibility of the company’s financial statements to material misstatement. This included consideration of how fraud might occur and evaluation of management’s incentives and opportunities for fraudulent manipulation of the financial statements.
We designed our audit procedures to identify any non-compliance with laws and regulations. Such procedures included, but were not limited to, inspection of any regulatory or legal correspondence; challenging assumptions and judgements made by management; identifying and testing journal entries with a focus on large or unusual transactions as determined based on our understanding of the business; and identifying and assessing the effectiveness of controls in place to prevent and detect fraud.
Owing to the inherent limitations of an audit, there remains a risk that a material misstatement may not have been detected, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with laws and regulations and cannot be expected to detect all instances of non-compliance.
The primary responsibility for the detection and prevention of fraud rests with those responsible for governance and management. The further removed non-compliance with laws and regulations is from the events reflected in the financial statements, the less likely the auditor will become aware of it.
The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission, misrepresentation or forgery.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
130 Shaftesbury Avenue
W1D 5AR
Gaia Dining Limited
Statement of Income and Retained Earnings for the Year Ended 31 December 2025
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Note |
2025 |
1 October |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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( |
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Profit/(loss) before tax |
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( |
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Profit/(loss) for the financial year |
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( |
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Retained earnings brought forward |
(2,813,015) |
(785,087) |
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Retained earnings carried forward |
(1,995,972) |
(2,813,015) |
Gaia Dining Limited
Statement of Financial Position as at 31 December 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
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Called up share capital |
100 |
100 |
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Retained earnings |
(1,995,972) |
(2,813,015) |
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Shareholders' deficit |
(1,995,872) |
(2,812,915) |
Approved and authorised by the
......................................................................
S Allemann
Director
Company registration number: 14244561
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
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Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland' 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.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Summary of disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
(c) No disclosure has been given for the aggregate remuneration of key management personnel..
Disclosure of long or short period
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Going concern
The company made a profit in the current year and had a deficiency of net assets at 31 December 2025 of £1,995,872.
The company primarily funds its working capital requirements through loans from group companies, which have advanced funds totalling £334,555 as at 31 December 2025. The group funds their working capital requirements through interest free loans and advances from former, current and prospective shareholders, who have advanced funds totalling £12,109,582 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 depreciation recharge of the restaurant's 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 its 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.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the
related actual outcome. The key assumptions and other estimation uncertainty that may have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows;
Impairment of trade debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing any potential
impairment of trade debtors, management considers factors including the ageing profile of debtors and historical
experience.
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of food, beverages and related services, net of value added tax, discounts, refunds and promotional allowances in the ordinary course of the company's activities.
Revenue from restaurant sales is recognised at the point control of the goods passes to the customer, which is generally when food and beverages are served or delivered to customers.
Amounts received in advance from customers for table booking deposits are recognised as deferred income until the date of the booking at which point it is released to revenue upon the completion of the table booking.
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.
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
|
Sale of goods |
|
|
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
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2025 |
2024 |
|
|
Wages and salaries |
|
|
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Social security costs |
|
|
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Pension costs, defined contribution scheme |
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Other employee expense |
|
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|
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The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Administration and support |
|
|
|
Marketing |
|
- |
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Other departments |
|
|
|
|
|
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Director's remuneration |
The director's remuneration for the year was as follows:
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Year ended 31 December 2025 |
1 October 2023 to 31 December 2024 |
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Remuneration |
|
|
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Contributions paid to money purchase schemes |
|
|
|
108,690 |
52,408 |
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Auditor's remuneration |
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Year ended 31 December 2025 |
1 October 2023 to 31 December 2024 |
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Audit of the financial statements |
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Other fees to auditors |
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All other assurance services |
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Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Taxation |
There is no current or deferred tax charge for the year ended 31 December 2025 (2024 - £Nil).
The company has unrelieved taxation losses of £1,784,515 (2024 - £2,687,699), which have not been recognised due to uncertainty regarding the timing of recovery.
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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2025 |
2024 |
|
|
Profit/(loss) before tax |
|
( |
|
Corporation tax at standard rate |
|
( |
|
Tax increase from effect of capital allowances and depreciation |
|
- |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
( |
|
Effect of tax losses |
( |
- |
|
Tax increase from effect of unrelieved tax losses carried forward |
- |
|
|
Tax increase from transfer pricing adjustments |
- |
|
|
Total tax charge/(credit) |
- |
- |
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Stocks |
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2025 |
2024 |
|
|
Other inventories |
|
|
|
Debtors |
|
Note |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
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Amounts owed by related parties |
|
|
|
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Other debtors |
|
|
|
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Prepayments |
|
|
|
|
|
|
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Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
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Trade creditors |
|
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Amounts due to related parties |
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Social security and other taxes |
|
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Outstanding defined contribution pension costs |
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Other payables |
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Accruals |
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Deferred income |
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|
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
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Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
There are no restrictions on the distribution of dividends or the repayment of capital.
Gaia Dining Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Commitments, Contingencies and Guarantees |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
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Later than one year and not later than five years |
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Later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the year was £
£17,487,802 (2024 - £18,976,648) of the above financial commitment relates to property utilised by the company that is in the name of a fellow subsidiary undertaking, GAIA Restaurant Limited. GAIA Dining Limited has agreed to meet any liability arising in respect of this lease whilst it is being utilised by the company's restaurant and bar operations.
In addition to the fixed lease commitment, the company is also agreed to pay the turnover-based rent under the lease agreement, the amount of which is contingent upon future levels of turnover and therefore cannot be reliably quantified.
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Related party transactions |
During the year, the company provided discounts not at arms length to directors and individuals with a participating interest in the company. The total value of the discounts granted amounted to £4,972 (2024 - £191,107).
Exemption is taken under FRS102 paragraph 1AC.35 not to disclose transactions of amounts falling due with companies wholly owned in the group.
At 31 December 2025 an amount of £4,894 was due from and £9,070 was owed to (2024 - £171,327 and £nil) companies under common control of the ultimate parent.
Amounts due to and from related parties at 31 December 2025 (31 December 2024) are aggregated as permitted by FRS102 and shown separately in debtors and creditors.
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Parent and Ultimate Parent Undertaking |
The company's immediate parent is GAIA London Group Limited, incorporated in the United Kingdom. The ultimate parent undertaking is KV Holding Limited, incorporated in the United Arab Emirates.
The parent of the smallest group preparing group accounts in which the results of the company are included is GAIA London Group Limited, whose registered office is 130 Shaftesbury Avenue, 2nd Floor, London, United Kingdom, W1D 5EU.