TRAFALGAR NEW HOMES PLC Company balance sheet
for year ended 31 March 2018 Company Registration No. 04340125
|
|
|
2018 |
2017 |
|
|
note |
£ |
£ |
|
|
|
|
|
|
Fixed assets |
|
|
|
|
Investments |
2,354,732 |
2,323,524 |
|
|
|
|
2,354,732 |
2,323,524 |
|
Current assets |
|
|
|
|
Stocks |
|
5292 |
|
|
Debtors |
275,996 |
256,736 |
|
|
Cash at bank and in hand |
|
68,723 |
9,003 |
|
|
|
350,011 |
265,739 |
|
Creditors: amounts falling due within one year |
875,726 |
558,351 |
|
|
Net current liabilities |
|
(525,715) |
(292,612) |
|
|
|
|
|
|
|
|
|
|
|
Net assets |
|
1,829,017 |
2,030,912 |
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
Called up share capital |
2,570,567 |
2,383,752 |
|
|
Share premium account |
2,510,462 |
1,165,463 |
|
|
Profit & loss account |
(3,252,012) |
(1,518,303) |
|
|
Equity - |
1,829,017 |
2,030,912 |
These financial statements were approved by the Board of Directors and authorised for issue on 4 September 2018 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 2018
|
|
|
2018 |
2017 |
|
|
|
£ |
£ |
|
Cash flow from operating activities |
|
|
|
|
Operating loss |
|
(1,733,709) |
(104,889) |
|
Operating loss before working capital charges |
|
(1,733,709) |
(104,889) |
|
Impairment of investment |
|
1,500,606 |
|
|
(Increase)/Decrease in stocks |
|
(5292) |
0 |
|
(Increase/Decrease in debtors |
|
(19,260) |
115152 |
|
Increase/(decrease) in creditors |
|
317,375 |
(1,067) |
|
Net cash inflow/(outflow) from operating activities |
|
9,196 |
9,196 |
|
Income tax paid |
|
0 |
0 |
|
Net cash inflow from operating activities |
|
59,720 |
9,196 |
COMPANY STATEMENT OF CASH FLOW for the year ended 31 March 2018
|
Cash flow from investing activities |
|
0 |
0 |
|
(Increase)/decrease in investments |
|
0 |
0 |
|
Net cash inflow/(outflow) |
|
0 |
0 |
|
Cash flow from financing activities |
|
|
|
|
(Repayments)/loans from Group undertakings |
|
0 |
(8,200) |
|
Issue of shares (net of direct costs) |
|
0 |
0 |
|
Net cash (outflow)/inflow from financing |
|
0 |
(8,200) |
|
|
|
|
|
|
Net increase/(decrease) in cash and cash equivalents |
|
59720 |
996 |
|
Cash and cash equivalent at beginning of the year |
|
9,003 |
8,007 |
|
Cash and cash equivalent at end of the period |
|
68,723 |
9,003 |
COMPANY STATEMENT OF CHANGES IN EQUITY 31 March 2018
|
|
Share capital |
Share premium |
Reverse acquisition reserve |
Retained profits/(losses) |
Total equity |
|
|
£ |
£ |
£ |
£ |
£ |
|
At 1 April 2016 |
2,383,752 |
1,165,463 |
0 |
(1,413,415) |
2,135,800 |
|
Loss for the year |
– |
– |
– |
(104,888) |
(104,888) |
|
Total comprehensive income for the year |
– |
– |
– |
0 |
0 |
|
Issue of shares |
0 |
0 |
|
|
0 |
|
Share issue costs |
0 |
0 |
|
|
0 |
|
At 31 March 2017 |
2,383,752 |
1,165,463 |
0 |
(1,518,303) |
2,030,912 |
|
At 1 April 2017 |
2,383,752 |
1,165,463 |
0 |
(1,518,303) |
2,030,912 |
|
Loss for year |
– |
– |
– |
(1,733,709) |
(1,733,709) |
|
Total comprehensive income for the year |
– |
– |
– |
(1,733,709) |
(1,733,709) |
|
Issue of shares |
1,866,815 |
1,344,999 |
|
|
1,531,814 |
|
Share issue costs |
|
|
|
|
|
|
At 31 March 2018 |
2,570,567 |
2,510,462 |
0 |
(3,252,012) |
1,829,017 |
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 0.1p per share and 0.9p per share deferred (2017: 1p per share). Share premium represents 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 loss for the financial year dealt with in the financial statements of the Parent Company was £1,733,709. (2017: Loss £104,889).
The notes form an integral part of these financial statements.