GAIA London Group Limited - Period Ending 2022-09-30

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Company Information

Directors

M Vlasov M H Merran

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Statement of Financial Position as at 30 September 2022

	Note	2022 £	2021 £
Fixed assets
Investments	4	4	-
Current assets
Debtors	5	2,970	1
Creditors: Amounts falling due within one year	6	(29,576)	-
Net current (liabilities)/assets		(26,606)	1
Net (liabilities)/assets		(26,602)	1
Capital and reserves
Called up share capital		5,640	1
Retained earnings		(32,242)	-
Shareholders' (deficit)/funds		(26,602)	1

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 20 September 2023 and signed on its behalf by:
 

.........................................

M Vlasov

Director

Company registration number: 12252206

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Showtime (London) Limited.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - '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.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprises a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts..

Going concern

The company made a loss for the year ended 30 September 2022 and had a deficiency of net assets at that date of £26,602.

The company’s subsidiary undertaking has been incorporated, with the intention of it operating a high-end restaurant in London. The group continues to undertake preparatory work prior to the opening of the restaurant.

The company funds their working capital requirements through loans from shareholders, who have advanced funds totalling £22,572 as at the year end. Shareholders have also provided additional funding since the year end. No matters have been drawn to the attention of the directors to suggest that this funding will not continue on acceptable terms in the future and the directors believe that the company is well placed to manage its business risks successfully.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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.

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2021 - 0).

4	Investments

	2022 £	2021 £
Investments in subsidiaries	4	-

Subsidiaries	£
Cost or valuation
Additions	4
Provision
Carrying amount
At 30 September 2022	4

5

Debtors

	2022 £	2021 £
Other debtors	2,970	1
	2,970	1

GAIA London Group Limited (FORMERLY Showtime (London) Limited)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Other creditors	29,576	-