Unaudited Interim Results

Trafalgar New Homes PLC                            

     Unaudited Interim results for the six months ended 30 September 2008      


Chairman's statement

The figures reflect the fact that the Company has had no sales or turnover
activity to report . I am pleased to report the Company's first development of
9 houses in Surrey is currently under construction and that the anticipated
completion date is in the third quarter of 2009.


Results

The Board of Trafalgar, a provider of homes in Greater London, announces today
it s unaudited interim results for the six months to 30 September 2008.

Key Points

  * Pre-tax loss for the period GBP (36,671);
   
  * Development at Heyford Road starts construction.
   


Robert Mckendrick                                            16 December 2008

Chairman


Trafalgar New Homes PLC

Unaudited Consolidated Profit and loss account

for the six months ended 30 September 2008

                                        Six months             Six months
                                          Ended 30               Ended 30
                                         September              September
                                              2008                   2007
                                                                         
                                         Unaudited              Unaudited
                                                                         
                                                 £                      £
                                                                         
Turnover                                         -                      -
                                                                         
Cost of sales                                    -                  (967)
                                          _______________________________                                
Gross profit                                     -                  (967)
                                                                         
Administrative expenses                   (22,055)               (10,398)
                                          _______________________________                                
Operating (loss)                          (22,055)               (11,365)
                                          _______________________________                                
(Loss) on ordinary activities before      (22,055)               (11,365)
interest                                                                 
                                                                         
Interest payable and similar charges      (14,616)               (43,639)
                                                                         
Interest receivable and similar income           -                      -
                                          _______________________________                                
(Loss) on ordinary activities before      (36,671)               (55,004)
taxation                                                                 
                                                                         
Tax on loss on ordinary activities               -                      -
                                          _______________________________                               
Retained loss for the financial period    (36,671)               (55,004)
                                          ===============================                               



Trafalgar New Homes PLc

Unaudited Consolidated Balance Sheet

as at 30 September 2007

                                        Six months               Six months
                                          Ended 30                 Ended 30
                                         September                September
                                              2008                     2007
                                         Unaudited                Unaudited
                                                                           
                                                 £                        £
                                                                           
Fixed Assets                                   554                      844
                                        ___________________________________                                   
                                               554                      844
                                                                           
Current Assets                                                             
                                                                           
Stock                                    1,471,041                1,249,018
                                                                           
Debtors                                     10,802                    4,003                        
                                                                           
VAT                                              -                    1,658
                                        ___________________________________                                   
                                         1,481,843                1,254,679
                                                                           
Current Liabilities                                                        
                                                                           
Creditors:short term                     (489,715)                 (48,578)
                                                                           
Bank Overdraft                            (45,943)                 (48,164)
                                        ___________________________________                                   
                                         (535,658)                 (96,742)
                                                                           
Current assets less current                946,185                1,157,937
liabilities                                                                
                                                                           
Total assets less total liabilities        946,739                1,158,781
                                                                           
Long term liabilities                                                      
                                                                           
Barclays Treasury Loan                           -                (999,930)
                                                                           
Bank of Ireland Loan                     (849,809)                         
                                        ___________________________________                                   
Total assets less total liabilities         96,930                  158,851
                                        ===================================                                   
Capital and Reserves                                                       
                                                                           
Share Capital                              261,828                  261,828
                                                                           
Reserves                                 (128,227)                 (47,973)
                                                                           
Profit and loss account                   (36,671)                 (55,004)
                                        ___________________________________                                   
                                            96,930                  158,851
                                        ===================================                                   

COPIES OF INTERIM REPORT

Copies of the interim report are available from the Company's Registered Office
at 4 Sovereign Court, Graham Street, Birmingham, B1 3JR.