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REGISTERED NUMBER: 03342121 (England and Wales)















NIGHTINGALE WALK MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


NIGHTINGALE WALK MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr R Couchman
Mr R J Malone
Mrs D Wallace





SECRETARY: Mrs M E Couchman





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 03342121 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NIGHTINGALE WALK MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the directors 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 Directors 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 Nightingale Walk Management Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet 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 Board of Directors of Nightingale Walk Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nightingale Walk Management Limited and state those matters that we have agreed to state to the Board of Directors of Nightingale Walk Management Limited, as a body, 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 Nightingale Walk Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nightingale Walk Management 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 Nightingale Walk Management Limited. You consider that Nightingale Walk Management 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 Nightingale Walk Management 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.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


31 October 2024

NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 57,134 57,288

CURRENT ASSETS
Debtors 5 756 18,476
Cash at bank 117,906 120,618
118,662 139,094
CREDITORS
Amounts falling due within one year 6 37,866 32,311
NET CURRENT ASSETS 80,796 106,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,930

164,071

PROVISIONS FOR LIABILITIES 7 89,899 116,040
NET ASSETS 48,031 48,031

CAPITAL AND RESERVES
Called up share capital 37,234 37,234
Share premium 10,797 10,797
SHAREHOLDERS' FUNDS 48,031 48,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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.

NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

BALANCE SHEET - continued
31 AUGUST 2024



The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr R J Malone - Director


NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Nightingale Walk Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03342121 and the registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

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

Going Concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The directors do not consider there to be any significant judgements or estimates.

Service charges and ground rent
Turnover represents service charges and ground rent chargeable during the year adjusted for accrued and deferred income where applicable.
Service charges are charged to each of the property owners and are based on the square footage, these are collected to cover routine maintenance costs of the common parts and to also complete major repairs and renewals under the Major Works Programme as set out by the board.

Tangible fixed assets
Freehold property is carried at cost and no depreciation is provided. The Companies Act 2006 requires all fixed assets to be depreciated. The directors consider that because of the high residual values any charge would be immaterial and therefore to depreciate them would not give a true and fair view.

All other fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Plant & machinery 20% on cost

The asset's residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.


NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


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 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 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.

Sinking fund
A sinking fund has been created to provide for the cost of major repairs and renewals.

Grants
Grants of a revenue nature are credited to the Income Statement in the period to which they relate in accordance with the terms of the grant. Any accrued or deferred element of te grant is included in debtors or creditors as applicable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 57,134 3,090 60,224
DEPRECIATION
At 1 September 2023 - 2,936 2,936
Charge for year - 154 154
At 31 August 2024 - 3,090 3,090
NET BOOK VALUE
At 31 August 2024 57,134 - 57,134
At 31 August 2023 57,134 154 57,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Prepayments and accrued income 756 18,476

NIGHTINGALE WALK MANAGEMENT LIMITED (REGISTERED NUMBER: 03342121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 206 56
Accruals and deferred income 37,660 32,255
37,866 32,311

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Other provisions
Other including sinking fund 89,899 116,040

Other inc.
sinking fund
£
Balance at 1 September 2023 116,040
Profit transferred 12,253
Expenditure (38,394 )
Balance at 31 August 2024 89,899

The directors have confirmed that the sinking fund proportion allocated for the flats as at 31 August 2024 is £72,980 (2023: £97,310).

Major repairs and renewals in the period relate to scheduled works under the Major Works Programme as set out by the Board.