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 |
|
|
|
|
|
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 |
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.