CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the period ended 31 March 2013



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 represents the excess over nominal value of the fair value consideration received for equity shares net of expenses of the share issue.

The reverse acquisition reserve relates to the reverse acquisition between Trafalgar New Homes Plc and Combe Bank Homes Limited on 11 November 2011.

Share capital

Share premium

Reverse acquisition reserve

Retained profits/(losses)

Total equity


£

£

£

£

£

At 1 December 2010

​87,575

​194,393

(181,669)

(1,873,725)

(1,773,426)

Profit for the year

–

–

–

​208,464

​208,464

Other comprehensive income for the year

–

–

–

–

–

Total comprehensive income for the year

–

–

–

​208,464

​208,464

Issue of shares

​2,056,177

​787,235

0

0

​2,843,412

Share issue costs

0

(20,500)

0

0

(20,500)

Reverse acquisition adjustment

0

0

(2,635,964)

0

(2,635,964)

At 31 March 2012

​2,143,752

​961,128

(2817633)

(1665261)

(1378014)

At 1 April 2012

​2,143,752

​961,128

(2817633)

(1665261)

(1378014)

Profit for the year

–

–

–

​530,558

​530,558

Other comprehensive income for the period

–

–

–

–

–

Total comprehensive income for year

–

–

–

530558

​530,558

At 31 March 2013

​2,143,752

​961,128

(2,817,633)

(1,134,703)

(847,456)

Annual report & consolidated financial statements 2013