6. EMPLOYEES AND DIRECTORS’ REMUNERATION


2021

2020


£

£

Directors fees

97,000

15,000

Social security costs

10,938

879

Management fees

9,998

4,994


117,936

20,873

The average number of employees of the company during the year was:




2021

2020


Number

Number

Directors and Management

3

3


2021

2020


£

£

Amounts owed by group undertakings

0

343,068

Other debtors

16,637

1,822

Other Other taxes and social security

5,522

5,244


22,159

350,134




12. SHARE CAPITAL

      Issued, allotted and paid share capital

0

2021

2020


Number

Number

Ordinary shares of 0.01p (2020: 0.1p) in issue

487,690,380

425,190,380

Ordinary shares of 0.01p (2020: 0.1p) issued in year

937,500,000

62,500,000

Total ordinary shares of 0.01p (2020: 0.1p) in issue

1,425,190,380

487690380

Total ordinary shares of 0.1p in issue following consolidation

142,519,038


Deferred shares



Deferred shares of 0.9p in issue

238375190

238375190

Deferred shares of 0.9p arising in year from reorganisation

48,769,038


Total Deferred shares of 0.9p in issue

287,144,228

238,375,190

Annual report, Company financial statements 2021

8. DEBTORS

There are no retirement benefits accruing to any of the Directors.

£9,998 (2020: £4,994) was paid to Mr Norman Lott for his professional services.

Additional directors remuneration of £45,000 (2020: £45,000) was paid to a director through subsidiary entities.

7. INVESTMENTS


Class of share held

Shareholding %

Principal activity

Held directly




Trafalgar New Homes Limited

Ordinary shares

100%

Residential property developers

Trafalgar Retirement+ Ltd

Ordinary shares

100%

Residential property and assisted living scheme

Selmat Limited

Ordinary shares

100%

Residential property renting

Held indirectly through Trafalgar New Homes Limited




Combe Bank (Oakhurst) Ltd

Ordinary shares

100%

Residential property developers

Held indirectly through Trafalgar Retirement + Ltd




Randell House Ltd (dissolved 22 September 2020)

Ordinary shares

100%

Assisted living developers

Controlled via Deed of Trust




Combe House (Borough Green) Ltd

Ordinary shares

100%

residential property developers

The company owns the following undertakings, all of which are incorporated in the United Kingdom and have their registered offices at Chequers Barn, Chequers Hill, Bough Beech, Edenbridge, Kent, TN8 7PD


2021

2020


£

£

Trade creditors

21713

36860

Taxation and social security

5,313

1,323

Other creditors

25,636

30,300

Amounts owed to group undertakings

600,000

804,781


652,662

873,264

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2021

2020


£

£

Financial assets



Financial assets measured at amortised cost:



Amounts owed by group undertakings and other debtors

16,637

344,890

Financial liabilities



Financial liabilities measured at amortised cost

681,275

976,941

Financial liabilities include, trade creditors, other creditors and amounts due to group undertakings

11.  FINANCIAL INSTRUMENTS

Page 2

issued allotted and paid


2021

2020


£

£

Ordinary shares of 0.01p (2020: 0.1p) in issue

48,769

425,190

Ordinary shares of 0.01p (2020: 0.1p) issued in year

93,750

62,500

Total Ordinary shares of 0.1p in issue following reorganisation

142,519

487,690




Deferred shares of 0.9p in issue

2,145,377

2,145,377

Deferred shares of 0.9p arising in year from Reorganisation

438,921

0


2584298

2,145,377


2726817

2,633,067


For Page 1, click HERE

For page 3, click HERE



10 BORROWINGS

The Borrowings balance in both 2021 and 2020 relates to Director’s loans. These balances in both 2021 and 2020 are due in more than one year. The balance for 2020 has been restated as it was incorrectly shown as due within one year. This restatement has no impact on the financial performance of the Company and is purely a reclassification between being due in less than one year to more than one year.