Contents of the Financial Statements

for the Period Ended 30 September 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 30 September 2022

The directors present their report with the financial statements of the company for the period ended 30 September 2022

Directors

The director shown below has held office during the whole of the period from
1 October 2021 to 30 September 2022

David Winton

The director shown below has held office during the period of
1 October 2021 to 23 May 2022

Harvey Rosenblatt

The directors shown below have held office during the period of
23 May 2022 to 30 September 2022

Daniel Dayan
Steven Sharpe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 June 2023

And signed on behalf of the board by:
Name: David Winton
Status: Director

Profit And Loss Account

for the Period Ended 30 September 2022

	2022	2021
	£	£
Turnover:	30,000	5,718,000
Cost of sales:	( 24,000 )	( 5,450,000 )
Gross profit(or loss):	6,000	268,000
Administrative expenses:	( 3,000 )	( 21,000 )
Operating profit(or loss):	3,000	247,000
Interest payable and similar charges:		( 5,000 )
Profit(or loss) before tax:	3,000	242,000
Tax:	( 46,000 )	0
Profit(or loss) for the financial year:	(43,000)	242,000

Balance sheet

As at 30 September 2022

	Notes	2022	2021
		£	£
Current assets
Debtors:	3	805,000	1,236,000
Cash at bank and in hand:		17,000	40,000
Total current assets:		822,000	1,276,000
Creditors: amounts falling due within one year:	4	( 813,000 )	( 1,276,000 )
Net current assets (liabilities):		9,000	0
Total assets less current liabilities:		9,000	0
Total net assets (liabilities):		9,000	0
Capital and reserves
Called up share capital:		1,000	1,000
Profit and loss account:		8,000	(1,000 )
Total Shareholders' funds:		9,000	0

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 September 2022

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover represents income earned during the year from the company’s principal activities, i.e. property development. In accordance with FRS 102, both turnover and cost of goods sold have been recognised having regard to the state of completion of the construction contract resulting in the reporting of results that can be attributed to the proportion of the work completed. As such, the result taken reflects the proportion of the work carried out at the period end and takes into account also any known inequalities of the level of profitability in the various stages of the construction contract. It is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

  Other accounting policies

  Payment under deed of covenant Policy:Any taxable profit (unless a waiver is agreed) is transferred each year under a Gift Aid compliant Deed of Covenant to the company’s parent charity, Nightingale Hammerson. Provision is made within creditors for the amount payable in respect of each year.

Notes to the Financial Statements

for the Period Ended 30 September 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	0	0