GG FOOD & WINES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13616864

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		16,000		17,000
Tangible Assets	5		13,460		15,909

			29,460		32,909
CURRENT ASSETS
Stocks	6	49,816		48,972
Debtors	7	12,000		12,623
Cash at bank and in hand		51,716		28,079

		113,532		89,674
Creditors: Amounts Falling Due Within One Year	8	(124,165 )		(95,296 )

NET CURRENT ASSETS (LIABILITIES)			(10,633 )		(5,622 )

TOTAL ASSETS LESS CURRENT LIABILITIES			18,827		27,287

Creditors: Amounts Falling Due After More Than One Year	9		-		(25,896 )

NET ASSETS			18,827		1,391

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			18,727		1,291

SHAREHOLDERS' FUNDS			18,827		1,391

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GG FOOD & WINES LIMITED

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gagandeep Singh

Director

29/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GG FOOD & WINES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13616864 . The registered office is 68 Mortlake High Street, London, SW14 8HR.

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 Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Leasehold	not provided
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	20% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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GG FOOD & WINES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	20,000

As at 30 November 2025	20,000

Amortisation
As at 1 December 2024	3,000
Provided during the period	1,000

As at 30 November 2025	4,000

Net Book Value
As at 30 November 2025	16,000

As at 1 December 2024	17,000

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 December 2024	3,662	11,190	4,774	19,626

As at 30 November 2025	3,662	11,190	4,774	19,626

Depreciation
As at 1 December 2024	-	2,238	1,479	3,717
Provided during the period	-	1,790	659	2,449

As at 30 November 2025	-	4,028	2,138	6,166

Net Book Value
As at 30 November 2025	3,662	7,162	2,636	13,460

As at 1 December 2024	3,662	8,952	3,295	15,909

6. Stocks

	2025	2024
	£	£
Stock	49,816	48,972

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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GG FOOD & WINES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	12,000	12,623

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,908	3,137
Other creditors	112,002	87,498
Taxation and social security	7,255	4,661

	124,165	95,296

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	-	25,896

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans from directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Gagandeep Singh	51,718	26,397	-	-	78,117

The above loan is unsecured, interest free and repayable on demand.

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