TRAFALGAR NEW HOMES PLC Company balance sheet at 31 March 2014 Company Registration No. 05332938
|
|
|
31 March 2014 |
31 March 2013 |
|
|
note |
£ |
£ |
|
|
|
|
|
|
Fixed assets |
|
|
|
|
Investments |
3 |
2,323,524 |
2,323,524 |
|
|
|
2,323,524 |
2,323,524 |
|
Current assets |
|
|
|
|
Debtors |
4 |
119,507 |
9,915 |
|
Stocks |
5 |
132,599 |
0 |
|
Cash at bank and in hand |
|
14,773 |
3,797 |
|
|
|
266,879 |
13,712 |
|
Creditors: amounts falling due within one year |
6 |
120,835 |
23,214 |
|
Net current assets/(liabilities) |
|
146,044 |
(9,502) |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
314,670 |
181,771 |
|
Net assets |
|
2,154,898 |
2.13 |
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
Called up share capital |
8 |
2,283,752 |
2,143,752 |
|
Share premium account |
9 |
1,075,513 |
961,128 |
|
Profit & loss account |
10 |
(1,204,367) |
(972,629) |
|
Equity - |
11 |
2,154,898 |
2,132,251 |
These financial statements were approved by the Board of Directors and authorised for issue on 27 August 2014 and are signed on its behalf by
C C Johnson
J Dubois
Annual report, Company financial statements 2014
|
|
Note |
|
2014 |
|
2013 |
|
|
|
£ |
£ |
£ |
£ |
|
Net cash outflow from operating activities |
|
(361,533) |
|
(63,735) |
|
|
Capital expenditure and financial investment |
|
- |
|
- |
|
|
|
|
|
(361,533) |
|
(63,735) |
|
Return on Investment and Servicing of finance |
|
|
(117) |
|
0 |
|
Financing |
|
372,626 |
|
46,287 |
|
|
(Decrease)/increase in cash in the year |
|
|
11 |
|
(17,448) |
|
|
|
|
|
|
|
|
Reconciliation of net cash flow to movement in net debt |
|
|
|
|
|
|
(Decrease)/increase in cash in the year |
|
10,976 |
|
(17,448) |
|
|
Cash outflow/(inflow) from decrease/(increase) in debt |
|
14,643 |
|
27,550 |
|
|
Change in net debt resulting from cash flows |
|
|
25,619 |
|
10,212 |
|
Movement in net debt in the year |
|
|
25,619 |
|
10,212 |
|
Net debt at 1 April |
|
|
(10,846) |
|
(21,058) |
|
Net debt 31 March |
|
|
14,773 |
|
(10,846) |
TRAFALGAR NEW HOMES PLC Company Statement of Cash Flows, year ended 31 March 2014
|
|
|
31 March 2014 |
31 March 2013 |
|
|
|
£ |
£ |
|
Operating loss |
|
(231,606) |
(74,919) |
|
Increase in stocks |
|
(132,599) |
- |
|
Decrease in debtors |
|
(109,592) |
2613 |
|
Increase/(decrease) in creditors |
|
112,264 |
8,571 |
|
Net cash outflow from operating activities |
|
361,533 |
63,735 |
1. RECONCILIATION OF OPERATING LOSS TO NET CASH OUTFLOW FROM OPERATING ACTIVITIES
|
|
|
31 March 2014 |
31 March 2013 |
|
|
|
£ |
£ |
|
Capital expenditure and financial investment |
|
|
|
|
Purchase of fixed asset investments |
|
- |
- |
|
Sale of tangible fixed assets |
|
- |
- |
|
Net cash outflow for capital expenditure and financial investment |
|
- |
- |
|
|
|
|
|
|
Financing |
|
|
|
|
Loan repayments in year |
|
(14,643) |
(27,600) |
|
Loans from Group undertakings in year |
|
132,899 |
73,947 |
|
Share issues |
|
254,370 |
- |
|
Net cash inflow from financing |
|
372,626 |
46,287 |
2. ANALYSIS OF CASH FLOWS FOR HEADINGS NETTED IN THE CASH FLOW STATEMENT
3. ANALYSIS OF CHANGES IN NET DEBT
|
|
at 1 April 2013 |
Cash flow |
at 31 March 2014 |
|
|
£ |
£ |
£ |
|
Net cash |
|
|
|
|
Cash at bank |
3,797 |
10,976 |
14,773 |
|
|
3,797 |
10,976 |
14,773 |
|
Debts: |
|
|
|
|
Falling due within one year |
(14,643) |
14,643 |
- |
|
Falling due after one year |
- |
- |
- |
|
|
(14,643 |
14,643 |
- |
|
Total |
(10,846) |
25,619 |
14,773 |
| Accounting policies |
| Notes |
| Notes |
| Company Notes |