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REGISTERED NUMBER: 01317768 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

P.g. Nightingale Limited

P.g. Nightingale Limited (Registered number: 01317768)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

P.g. Nightingale Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Ms M Millichamp





SECRETARY: Ms M Millichamp





REGISTERED OFFICE: 81 Beeston Fields Drive
Bramcote
Nottingham
Nottinghamshire
NG9 3TD





REGISTERED NUMBER: 01317768 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

P.g. Nightingale Limited (Registered number: 01317768)

Balance Sheet
31 August 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,670,000 1,957,800

CURRENT ASSETS
Debtors 5 116,969 51,237
Cash at bank 159,235 17,256
276,204 68,493
CREDITORS
Amounts falling due within one year 6 153,174 49,548
NET CURRENT ASSETS 123,030 18,945
TOTAL ASSETS LESS CURRENT LIABILITIES 2,793,030 1,976,745

CREDITORS
Amounts falling due after more than one
year

7

(7,328

)

-

PROVISIONS FOR LIABILITIES (554,136 ) (277,516 )
NET ASSETS 2,231,566 1,699,229

CAPITAL AND RESERVES
Called up share capital 17,000 17,000
Fair value reserve 8 1,947,372 1,343,098
Retained earnings 267,194 339,131
2,231,566 1,699,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P.g. Nightingale Limited (Registered number: 01317768)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





Ms M Millichamp - Director


P.g. Nightingale Limited (Registered number: 01317768)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

P.g. Nightingale Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


P.g. Nightingale Limited (Registered number: 01317768)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Turnover
Turnover comprises of rents received and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Accruals are provided for in the accounts in respect of rents received after the balance sheet date relating to the period and rents received during the period which relate to a period after the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

P.g. Nightingale Limited (Registered number: 01317768)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 1,957,800
Disposals (133,800 )
Revaluations 846,000
At 31 August 2023 2,670,000
NET BOOK VALUE
At 31 August 2023 2,670,000
At 31 August 2022 1,957,800

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 846,000
Valuation in 2022 30,000
Valuation in 2021 1,602,019
Cost 191,981
2,670,000

The 2021 revaluation amount above of £1,602,019 relates to total revaluations made at that date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 25,553 25,553
Other debtors 91,416 25,684
116,969 51,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 3,529 -
Taxation and social security - 9,697
Other creditors 149,645 39,851
153,174 49,548

Included in other creditors is an amount owed to the director.

P.g. Nightingale Limited (Registered number: 01317768)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 7,328 -

8. RESERVES
Fair
value
reserve
£   
At 1 September 2022 1,343,098
Non-distributable reserves 604,274

At 31 August 2023 1,947,372

9. RELATED PARTY DISCLOSURES

Rents in respect of property owned by the company have been collected by a company under common control. At the balance sheet date £36,232 was due from this company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
P.g. Nightingale Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P.g. Nightingale Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P.g. Nightingale Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.g. Nightingale Limited and state those matters that we have agreed to state to the director of P.g. Nightingale Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.g. Nightingale Limited and its director for our work or for this report.

It is your duty to ensure that P.g. Nightingale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.g. Nightingale Limited. You consider that P.g. Nightingale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.g. Nightingale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR


15 August 2024