TRAFALGAR NEW HOMES PLC Company balance sheet
for year ended 31 March 2016 Company Registration No. 05332938
|
|
|
2016 |
2015 |
|
|
note |
£ |
£ |
|
|
|
|
|
|
Fixed assets |
|
|
|
|
Investments |
2,323,524 |
2,323,524 |
|
|
|
|
2,323,524 |
2,323,524 |
|
Current assets |
|
|
|
|
Debtors |
371,888 |
372,353 |
|
|
Stocks |
0 |
0 |
|
|
Cash at bank and in hand |
|
8,007 |
39,655 |
|
|
|
379,895 |
412,008 |
|
Creditors: amounts falling due within one year |
(567,619) |
(447,302) |
|
|
Net current liabilities |
|
(187,724) |
(35,294) |
|
|
|
|
|
|
|
|
|
|
|
Net assets |
|
2,135,800 |
2,288,230 |
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
Called up share capital |
2,283,752 |
2,383,752 |
|
|
Share premium account |
1,165,463 |
1,165,463 |
|
|
Profit & loss account |
(1,413,415) |
(1,260,985) |
|
|
Equity - |
2,135,800 |
2,288,230 |
These financial statements were approved by the Board of Directors and authorised for issue on 9th August 2016 and are signed on its behalf by
C C Johnson
J Dubois
The NOTES form an integral part of these financial statements.
Annual report, Company financial statements 2016
|
|
|
2016 |
2015 |
|
|
|
£ |
£ |
|
Cash flow from operating activities |
|
|
|
|
Operating loss |
|
(152,430) |
(56,617) |
|
Operating profit before working capital charges |
|
(152,430) |
(56,617) |
|
(Increase)/ decrease in stocks |
|
0 |
132,599 |
|
(Increase)/ decrease in debtors |
|
465 |
(252,847) |
|
(Increase /(decrease) in creditors |
|
10,317 |
(119,368) |
|
Net cash outflow from operating activities |
|
(141,648) |
(296,233) |
|
Income tax paid |
|
0 |
0 |
|
Net cash outflow from operating activities |
|
(141,648) |
(296,233) |
COMPANY STATEMENT OF CASH FLOW for the year ended 31 March 2016
|
Cash flow from investing activities |
|
|
|
|
Cash flow from financing activities |
|
- |
- |
|
Loans from Group undertakings in year |
|
110,000 |
131,165 |
|
Issue of shares (net of direct costs) |
|
0 |
189,950 |
|
Net cash inflow/ (outflow) from financing |
|
110,000 |
321,115 |
|
|
|
|
|
|
Net (Decrease)/Increase in cash and cash equivalents |
|
(31,648) |
24,882 |
|
Cash and cash equivalent at beginning of the year |
|
39,655 |
14,773 |
|
Cash and cash equivalent at end of the period |
|
8,007 |
39,655 |
COMPANY STATEMENT OF CHANGES IN EQUITY 31 March 2016
|
|
Share capital |
Share premium |
Reverse acquisition reserve |
Retained profits/(losses) |
Total equity |
|
|
£ |
£ |
£ |
£ |
£ |
|
At 1 April 2014 |
2,283,752 |
1,075,513 |
0 |
(1,204,367) |
2,154,898 |
|
Loss for the year |
– |
– |
– |
(56,618) |
(56,618) |
|
Total comprehensive income for the year |
– |
– |
– |
0 |
0 |
|
Issue of shares |
100,000 |
100,000 |
|
|
200,000 |
|
Share issue costs |
0 |
(10,050) |
|
|
(10,050) |
|
At 31 March 2015 |
2,383,752 |
1,165,463 |
0 |
(1,260,985) |
(2,288,230) |
|
At 1 April 2015 |
2,383,752 |
1,165,463 |
0 |
(1,260,985) |
(2,288,230) |
|
Loss for year |
– |
– |
– |
(152,430) |
(152,430) |
|
Total comprehensive income for the year |
– |
– |
– |
0 |
0 |
|
At 31 March 2016 |
2,383,752 |
1,165,463 |
0 |
(1,413,415) |
2,135,800 |
For the purpose of preparing the consolidated financial statement of the Group, the share capital represents the nominal value of the issued share capital of 1p per share. Share premium represent the excess over nominal value of the fair value consideration received for equity shares net of expenses of the share issue. Retained earnings represent the cumulative value of the profits not distributed to shareholders, but retained to finance the future capital requirements of the Company.
The NOTES form an integral part of these financial statements.
The NOTES form an integral part of these financial statements.
| Accounting policies |
| Notes |
| Notes |
| Company Notes |