Nightingale & Sons Limited 14415207 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is activities of racehorse owners. Digita Accounts Production Advanced 6.30.9574.0 true true 14415207 2023-11-01 2024-10-31 14415207 2024-10-31 14415207 core:RetainedEarningsAccumulatedLosses 2024-10-31 14415207 core:ShareCapital 2024-10-31 14415207 core:CurrentFinancialInstruments 2024-10-31 14415207 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 14415207 core:AdditionsToInvestments 2024-10-31 14415207 core:FurnitureFittingsToolsEquipment 2024-10-31 14415207 bus:SmallEntities 2023-11-01 2024-10-31 14415207 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 14415207 bus:FilletedAccounts 2023-11-01 2024-10-31 14415207 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14415207 bus:RegisteredOffice 2023-11-01 2024-10-31 14415207 bus:Director1 2023-11-01 2024-10-31 14415207 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14415207 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 14415207 core:OfficeEquipment 2023-11-01 2024-10-31 14415207 core:PlantMachinery 2023-11-01 2024-10-31 14415207 countries:EnglandWales 2023-11-01 2024-10-31 14415207 2023-10-31 14415207 core:FurnitureFittingsToolsEquipment 2023-10-31 14415207 2022-10-12 2023-10-31 14415207 2023-10-31 14415207 core:RetainedEarningsAccumulatedLosses 2023-10-31 14415207 core:ShareCapital 2023-10-31 14415207 core:CurrentFinancialInstruments 2023-10-31 14415207 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 14415207 core:FurnitureFittingsToolsEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 14415207

Nightingale & Sons Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Nightingale & Sons Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Nightingale & Sons Limited

(Registration number: 14415207)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,131

3,553

Investments

5

2,000

-

 

16,131

3,553

Current assets

 

Debtors

6

1,034

912

Cash at bank and in hand

 

40

18

 

1,074

930

Creditors: Amounts falling due within one year

7

(47,695)

(17,196)

Net current liabilities

 

(46,621)

(16,266)

Net liabilities

 

(30,490)

(12,713)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(30,590)

(12,813)

Shareholders' deficit

 

(30,490)

(12,713)

 

Nightingale & Sons Limited

(Registration number: 14415207)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mr C N Nightingale
Director

 

Nightingale & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
71 Bernard Grove
Stoke-On-Trent
Staffordshire
ST3 7NZ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Nightingale & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the race horse winnings. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Livestock

10 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Nightingale & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Nightingale & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

3,847

3,847

Additions

12,500

12,500

At 31 October 2024

16,347

16,347

Depreciation

At 1 November 2023

294

294

Charge for the year

1,922

1,922

At 31 October 2024

2,216

2,216

Carrying amount

At 31 October 2024

14,131

14,131

At 31 October 2023

3,553

3,553

5

Investments

2024
£

2023
£

Investments in joint ventures

2,000

-

Joint ventures

£

Cost

Additions

2,000

Provision

Carrying amount

At 31 October 2024

2,000

6

Debtors

Current

2024
£

2023
£

Other debtors

1,034

912

 

1,034

912

 

Nightingale & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,400

1,375

Other creditors

46,295

15,821

47,695

17,196