Nightingale Homes (Upchurch) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06723117

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,574		7,432
Investments	5		51		51

			5,625		7,483
CURRENT ASSETS
Stocks	6	2,908,898		2,908,898
Debtors	7	4,613,257		4,482,932
Cash at bank and in hand		87,875		62,229

		7,610,030		7,454,059
Creditors: Amounts Falling Due Within One Year	8	(1,742,842 )		(1,595,089 )

NET CURRENT ASSETS (LIABILITIES)			5,867,188		5,858,970

TOTAL ASSETS LESS CURRENT LIABILITIES			5,872,813		5,866,453

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,393 )		(1,858 )

NET ASSETS			5,871,420		5,864,595

CAPITAL AND RESERVES
Called up share capital	9		105,001		105,001
Share premium account			315,000		315,000
Profit and Loss Account			5,451,419		5,444,594

SHAREHOLDERS' FUNDS			5,871,420		5,864,595

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Nightingale Homes (Upchurch) Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr I S Kingsley Smith

Director

31st March 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Nightingale Homes (Upchurch) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06723117 . The registered office is Ranscombe Farm House, Cuxton, Rochester, Kent, ME2 1LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Plant & Machinery

25% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Nightingale Homes (Upchurch) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Debtors

2.8. Cash and cash equivalents

2.9. Creditors

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 March 2025	32,770

As at 28 February 2026	32,770

Depreciation
As at 1 March 2025	25,338
Provided during the period	1,858

As at 28 February 2026	27,196

Net Book Value
As at 28 February 2026	5,574

As at 1 March 2025	7,432

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 March 2025	51

As at 28 February 2026	51

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	51

As at 1 March 2025	51

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Nightingale Homes (Upchurch) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Stocks

	2026	2025
	£	£
Stock	2,908,898	2,908,898

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,608	23,944
Other debtors	4,602,649	4,458,988

	4,613,257	4,482,932

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	23,478	33,796
Other creditors	1,716,968	1,557,252
Taxation and social security	2,396	4,041

	1,742,842	1,595,089

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	105,001	105,001

10. Related Party Transactions

At the year end £1,470,000 was owed to McCullochs (CI) Ltd from Nightingale Homes (Upchurch) Ltd, a company in which Mr I S Kingsley Smith is a director.

At the year end £1,595,000 was owed from Palm Developments Ltd to Nightingale Homes (Upchurch) Ltd, a company in which Mr I S Kingsley Smith is a director.

At the year end the company was owed £2,727,500 from M2 J2 Ltd a 50% owned trading subsidiary.

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