CHAIRMAN’S STATEMENT

On behalf of the Board, I present Trafalgar Property Group Plc (the Group) results for the year ended 31 March 2025. The overall result continues to be disappointing, as can be seen in the attached Accounts and Strategic Report. However, we continue to seek property opportunities with planning permission having been granted for the construction of two, four-bedroomed detached properties at the Talbot Park, Tunbridge Wells site. The property at Speldhurst, held on the balance sheet at the end of last year, was eventually sold after the year end at £715,000.

During the year the company issued 226,250,000 new ordinary shares at a price of £0.00044 per share to satisfy the 2024 CLN with C C Johnson.

The potential reverse takeover referred to in the results to 31 March 2024 did not complete but costs were covered by funding provided by the target company. The board continues to seek other opportunities for the group as indicated in the RNS issued in July 2025 and referred to in Post Balance Sheet Events on page 10.

Financials

The year under review saw the Group turnover at £600 (2024: £nil), with a loss after tax of £400,266 (2024: Loss £516,723).

Management have performed a review of the assets and liabilities of the underlying subsidiaries which form the value of the anticipated profits on ongoing developments.

Due to the uncertainties and timing of the construction of new developments and the potential sale of those properties, it has been agreed by management not to include any future anticipated profits of developments in their assessment.

The cash on the balance sheet at the end of the year was £27,429 (2024: £8,906) and the Group continues to have sufficient bank facilities for all current day to day activities.

Business Environment and Outlook

No new directors were appointed to the Group in the year, but Paul Elliott was appointed a director of Trafalgar Property Group PLC on 6th May 2025.

The effects of market forces and the property market in general together with the UK having been in a period of high inflation and high cost of living have had a significant effect on the property sector and the business of the group. However, the Bank of England are slowly reducing the cost of borrowing with a recent 0.25% reduction in base rate. It is hoped therefore that the market for property will start to improve as demonstrated by the increase in property prices albeit a challenge for many potential buyers still adjusting to recent higher mortgage costs. Like most businesses, we are aware of our need to conduct ourselves carefully to preserve the health of our staff and customers and to conserve our cash reserves.

 

Paul Treadaway
Chairman

21 October 2025