REGISTERED NUMBER: 04566758 (England and Wales)

Nightingales Care Limited

Audited Financial Statements

for the Period 1 January 2024 to 30 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

T K Ogunleye

Registered office:

23 Marsham Way

Gerrards Cross

South Bucks

SL9 8AB

Registered number:

04566758 (England and Wales)

Auditors:

Barlow Andrews LLP, Statutory Auditor

Carlyle House

78 Chorley New Road

Bolton

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

22,404

28,005

22,404

28,005

Current assets

Stocks

2,000

2,000

Debtors

7

819,062

358,015

Cash at bank and in hand

1,235,654

2,386,351

2,056,716

2,746,366

Creditors

Amounts falling due within one year

8

836,816

2,476,512

Net current assets

1,219,900

269,854

Total assets less current liabilities

1,242,304

297,859

Provisions for liabilities

9

5,357

6,704

Net assets

1,236,947

291,155

Capital and reserves

Called up share capital

10

100

100

Retained earnings

11

1,236,847

291,055

Shareholders' funds

1,236,947

291,155

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 22 December 2025 and were signed by:

T K Ogunleye - Director

1.	Statutory information

Nightingales 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.

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

Revenue from contracts for the provision of services is recognised by reference to the delivery of care to the home residents.

Income which is invoiced in advance or arrears is apportioned so that only that relating to the period of the financial statements is included in turnover.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities, such as trade and other debtors and creditors. These are measured at amortised costs and 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 Income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year.Tax is recognised in the statement of Income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

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

statement of financial position 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 period end and that are expected to apply to the reversal of the timing difference.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Going concern

The director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the period was 76 (2023 - 55 ) .

4.	Auditors' remuneration

Period

1.1.24

to

Year Ended

30.12.24

31.12.23

as restated

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

9,000

7,920

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 30 December 2024

300,000

Amortisation

At 1 January 2024

and 30 December 2024

300,000

Net book value

At 30 December 2024

-

At 31 December 2023

-

6.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 January 2024

and 30 December 2024

39,807

24,720

64,527

Depreciation

At 1 January 2024

19,935

16,587

36,522

Charge for period

3,974

1,627

5,601

At 30 December 2024

23,909

18,214

42,123

Net book value

At 30 December 2024

15,898

6,506

22,404

At 31 December 2023

19,872

8,133

28,005

7.

Debtors: amounts falling due within one year

2024

2023

as restated

£

£

Trade debtors

520,428

136,225

Amounts owed by group undertakings

246,804

163,618

Other debtors

51,830

58,172

819,062

358,015

8.

Creditors: amounts falling due within one year

2024

2023

as restated

£

£

Trade creditors

175,998

110,804

Amounts owed to group undertakings

30,000

1,989,976

Taxation and social security

440,680

119,256

Other creditors

190,138

256,476

836,816

2,476,512

9.	Provisions for liabilities

2024

2023

as restated

£

£

Deferred tax

5,357

6,704

Deferred

tax

£

Balance at 1 January 2024

6,704

Credit to Income Statement during period

(1,347

)

Balance at 30 December 2024

5,357

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

100

Ordinary shares

1

100

100

11.

Reserves

Retained

earnings

£

At 1 January 2024

291,055

Profit for the period

1,145,166

Dividends

(199,374

)

At 30 December 2024

1,236,847

12.	Disclosure under Section 444(5B) of the Companies Act 2006

13.	Contingent liabilities

The company is party to a cross guarantee given to its bankers in respect of loan facilities. The terms of the guarantee provide cross guarantees between Nightingales Care Limited, And other companies within the Zion Care Ltd group. The amount outstanding under this facility at 30 December 2024, excluding the amount included in creditors in this company, was £8,320,029.

14.	Related party disclosures

During the period, total dividends of £199,374 were paid to Zion Care Limited.

Creditors include £30,000 ( £1,989,976) in respect of loans from other companies under the control of the director. Debtors include £246,804 (2023 £163,618) in respect of loans to other companies under the control of the director.

15.	Ultimate controlling party

The controlling party is T K Ogunleye

The ultimate controlling party is Zion Care Limited

The company is controlled by its director Mt T K Ogunleye by virtue of his 100% shareholding and directorship in the holding company Zion Care Limited.

Zion Care Limited, a company incorporated in England and Wales, is the holding company of Nightingales Care Limited.