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REGISTERED NUMBER: 02716946 (England and Wales)















NIGHTINGALE RETIREMENT CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NIGHTINGALE RETIREMENT CARE LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: N P Bruce
S A Bruce
A Tooke
H J Englefield





REGISTERED OFFICE: 60 Windsor Avenue
London
SW19 2RR





REGISTERED NUMBER: 02716946 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

ABRIDGED BALANCE SHEET
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,056 57,610

CURRENT ASSETS
Debtors 519,683 308,659
Cash at bank and in hand 428,322 427,106
948,005 735,765
CREDITORS
Amounts falling due within one year 632,024 519,141
NET CURRENT ASSETS 315,981 216,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,037

274,234

CREDITORS
Amounts falling due after more than one
year

(72,195

)

(60,364

)

PROVISIONS FOR LIABILITIES (2,304 ) -
NET ASSETS 317,538 213,870

CAPITAL AND RESERVES
Called up share capital 35,809 25,000
Share premium 10,908 10,908
Retained earnings 270,821 177,962
317,538 213,870

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

ABRIDGED BALANCE SHEET - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





N P Bruce - Director


NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Nightingale Retirement Care 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.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of the operation of residential care homes and provision of domiciliary care services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Office equipment - 33% straight line

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.

NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 115 (2023 - 120 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 220,373
Additions 59,115
Disposals (20,910 )
At 31 May 2024 258,578
DEPRECIATION
At 1 June 2023 162,763
Charge for year 30,214
Eliminated on disposal (10,455 )
At 31 May 2024 182,522
NET BOOK VALUE
At 31 May 2024 76,056
At 31 May 2023 57,610

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 15,370 8,113
Between one and five years 59,909 37,749
75,279 45,862

NIGHTINGALE RETIREMENT CARE LIMITED (REGISTERED NUMBER: 02716946)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31/5/24 31/5/23
£    £   
Within one year 10,071 11,436
Between one and five years 14,960 25,031
25,031 36,467