Nightingale Holidays Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04094344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

NIGHTINGALE HOLIDAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L J Nightingale

Mrs C L Benwell

T D Nightingale

P G Nightingale

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

04094344 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

78,259

80,086

CURRENT ASSETS

Cash at bank

22,086

12,707

CREDITORS

Amounts falling due within one year

5

94,926

92,934

NET CURRENT LIABILITIES

(72,840

)

(80,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,419

(141

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

5,418

(142

)

SHAREHOLDERS' FUNDS

5,419

(141

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2021 and were signed on its behalf by:

Mrs C L Benwell - Director

1.	STATUTORY INFORMATION

Nightingale Holidays 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 company's principal place of business is Unit 5, Connect 10, Foster Road, Ashford, Kent, TN24 0FE.

The financial statements are presented in sterling which is the functional currency of the company.

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 represents income relating to the year, excluding value added tax. Income received relating to periods after the year end is deferred at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

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.

Government grants

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs is recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

82,703

1,230

83,933

DEPRECIATION

At 1 January 2020

3,308

539

3,847

Charge for year

1,654

173

1,827

At 31 December 2020

4,962

712

5,674

NET BOOK VALUE

At 31 December 2020

77,741

518

78,259

At 31 December 2019

79,395

691

80,086

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

1,733

565

Amount due to parent company

92,209

91,409

Accruals and deferred income

984

960

94,926

92,934

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1

7.	RELATED PARTY DISCLOSURES

During the year, the company was advanced £800 (2019 - £900) from Nightingale Holdings (Dover) Limited, the parent company. At the year end, £92,209 was due to the parent company (2019 - £91,409). This loan is interest free, with no fixed repayment date.

8.	POST BALANCE SHEET EVENTS

The company's rental income in 2020 has been adversely affected by the pandemic. The impact of COVID-19 is continuing to evolve, and therefore it is not practicable to quantify the potential financial impact on the company at the time of writing.

9.	ULTIMATE PARENT COMPANY

10.	GOING CONCERN

11.	GOVERNMENT GRANTS

During the year the company has received a government grant due to the COVID-19 pandemic. The company received the Retail, Hospitality and Leisure Grant Fund grant, being a compensatory grant to give immediate financial support to the company. The sum of £10,000 was receivable in the year.