BALANCE SHEET Year 1 Year 2

FIXED ASSETS
Intangible Asset - Website £9,000 £8,100

CURRENT ASSETS
Stock - Properties £540,000 £1,260,000
Cash at the Bank £110,598 £105,064
£650,598 £1,365,064

TOTAL ASSETS £659,598 £1,373,164

CURRENT LIABILITIES
Corporation Tax £31,920 £141,642

NET CURRENT ASSETS £618,678 £1,223,422

TOTAL ASSETS LESS CURRENT LIABILITIES £627,678 £1,231,522

CAPITAL & RESERVES

Share Capital £500,000 £500,000
Retained Earnings £127,678 £731,522
SHARE HOLDER'S FUND £627,678 £1,231,522

EQUITY & LIABILITIES £659,598 £1,373,164

 Year 3

£7,290

£0
£2,705,575
£2,705,575

£2,712,865

£281,455

£2,424,120

£2,431,410

£500,000
£1,931,410
£2,431,410

£2,712,865
P&L Statement Year 1 Year 2
Revenue £1,117,500 £4,185,000
COGS
Property buying cost -£840,000 -£3,180,000
Selling costs
Legal Costs -£13,800 -£39,000
Empty Property Insurance -£5,750 -£16,250
Council Tax & Utilities -£5,750 -£16,250
Property Searches Indemnify Insurance Cover -£3,450 -£9,750
Seller Identification Insurance -£2,530 -£7,150
Stamp Duty @ 3% -£41,400 -£117,000
Total COGS -£912,680 -£3,385,400
Gross Profit £204,820 £799,600

Operating Costs
Operational Costs -£15,907 -£21,199
Staff Wages -£23,780 -£23,780
Professional Services -£3,700 -£7,400
Amortisation of Website -£1,000 -£900
Membership Costs -£835 -£835
Total Operating Expenses -£45,222 -£54,114

Profit Before Tax £159,598 £745,486

Corporation Tax £31,920 £141,642
Net Profit £127,678 £603,844

RETAINED EARNINGS £127,678 £731,522

 Year 3
£7,920,000

-£6,120,000

-£48,600
-£20,250
-£20,250
-£12,150
-£8,910
-£145,800
-£6,375,960
£1,544,040

-£24,042
-£24,010
-£13,000
-£810
-£835
-£62,697

£1,481,343
£281,455
£1,199,888

£1,931,410
CASHFLOW STATEMENT YEAR 1 Month 1
Cash at Bank from Angel Investor(s) £500,000
Overheads -£3,685
Website - Write off -£10,000

Drawn down of funds - buying property

Cost of Legals
Empty Property Insurance - Full Perils
Council Tax & Utility Rates
Property Searches Indemnify Insurance Cover
Seller Identification Insurance Cover
Stamp Duty @ 3%

Return of cash proceeds following resale

Income - Trading Profit

Income - Sourcing Properties for Investors
Income - Referral Commission Auctioneer

Total REVENUE £1,117,500

Cash in the Bank £486,315

KEYS - Colour represents cashflow from purchase & resale of properties

CASHFLOW STATEMENT YEAR 2 Month 1

Cash at Bank £110,598
Overheads -£4,435

Drawn down of funds - buying property -£240,000

Cost of Legals -£2,400
Empty Property Insurance - Full Perils -£1,000
Council Tax & Utility Rates -£1,000
Property Searches Indemnify Insurance Cover -£600
Seller Identification Insurance Cover -£440
Stamp Duty @ 3% -£7,200

Return of cash proceeds following resale (Year 1) £180,000

Return of cash proceeds following resale (Year 2)

Income - Trading Profit £45,000

Income - Sourcing Properties for Investors £15,000
Income - Referral Commission Auctioneer £2,500

Taxation Year 1 -£31,920

Total REVENUE £4,185,000

Cash in the Bank £64,104

KEYS - Colour represents cashflow from purchase & resale of properties

CASHFLOW STATEMENT YEAR 3 Month 1

Cash at Bank £105,064
Overheads -£5,157

Drawn down of funds - buying property -£420,000

Cost of Legals -£4,200
Empty Property Insurance - Full Perils -£1,750
Council Tax & Utility Rates -£1,750
Property Searches Indemnify Insurance Cover -£1,050
Seller Identification Insurance Cover -£770
Stamp Duty @ 3% -£12,600

Return of cash proceeds following resale (Year 2) £420,000

Return of cash proceeds following resale (Year 3)

Income - Trading Profit £105,000

Income - Sourcing Properties for Investors £20,000
Income - Referral Commission Auctioneer £2,500

Taxation Year 2 -£141,642

Payment to Angel Investor
Total REVENUE £7,920,000

Cash in the Bank £63,645

KEYS - Colour represents cashflow from purchase & resale of properties

 Month 1
Cash at Bank £500,000
Fixed Costs £0
Income £0
Balance £500,000

Month 1
Cash at Bank £905,000
Fixed Costs £0
Income £30,000
Balance £935,000
 Month 1
Cash at Bank £1,265,000
Fixed Costs £0
Income £60,000
Balance £1,325,000
Month 2 Month 3 Month 4 Month 5 Month 6 Month 7
£486,315 £482,630 £478,945 £348,939 £218,934 £88,929
-£3,685 -£3,685 -£3,685 -£3,685 -£3,685 -£3,685

-£120,000 -£120,000 -£120,000 -£120,000

-£1,200 -£1,200 -£1,200 -£1,200
-£500 -£500 -£500 -£500
-£500 -£500 -£500 -£500
-£300 -£300 -£300 -£300
-£220 -£220 -£220 -£220
-£3,600 -£3,600 -£3,600 -£3,600

£120,000

£30,000
£7,500
£1,250

£482,630 £478,945 £348,939 £218,934 £88,929 £117,674

Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

£64,104 £49,529 £34,955 £32,220 £29,486 £26,751
-£4,435 -£4,435 -£4,435 -£4,435 -£4,435 -£4,435

-£240,000 -£240,000 -£300,000 -£300,000 -£300,000 -£300,000

-£2,400 -£2,400 -£3,000 -£3,000 -£3,000 -£3,000
-£1,000 -£1,000 -£1,250 -£1,250 -£1,250 -£1,250
-£1,000 -£1,000 -£1,250 -£1,250 -£1,250 -£1,250
-£600 -£600 -£750 -£750 -£750 -£750
-£440 -£440 -£550 -£550 -£550 -£550
-£7,200 -£7,200 -£9,000 -£9,000 -£9,000 -£9,000

£180,000 £180,000
£240,000 £240,000 £240,000 £300,000

£45,000 £45,000 £60,000 £60,000 £60,000 £75,000

£15,000 £15,000 £15,000 £15,000 £15,000 £15,000
£2,500 £2,500 £2,500 £2,500 £2,500 £2,500
£49,529 £34,955 £32,220 £29,486 £26,751 £99,017

Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

£63,645 £163,868 £200,930 £237,993 £211,896 £260,799
-£5,157 -£5,157 -£5,157 -£5,157 -£5,157 -£5,157

-£420,000 -£480,000 -£480,000 -£540,000 -£540,000 -£660,000

-£4,200 -£4,800 -£4,800 -£5,400 -£5,400 -£6,600
-£1,750 -£2,000 -£2,000 -£2,250 -£2,250 -£2,750
-£1,750 -£2,000 -£2,000 -£2,250 -£2,250 -£2,750
-£1,050 -£1,200 -£1,200 -£1,350 -£1,350 -£1,650
-£770 -£880 -£880 -£990 -£990 -£1,210
-£12,600 -£14,400 -£14,400 -£16,200 -£16,200 -£19,800

£420,000 £420,000
£420,000 £420,000 £480,000 £480,000

£105,000 £105,000 £105,000 £105,000 £120,000 £120,000

£20,000 £20,000 £20,000 £20,000 £20,000 £20,000
£2,500 £2,500 £2,500 £2,500 £2,500 £2,500

£163,868 £200,930 £237,993 £211,896 £260,799 £183,381

Month 2 Month 3 Month 4 Month 5 Month 6 Month 7
£500,000 £500,000 £500,000 £545,000 £590,000 £635,000
£0 £0 £0 £0 £0 £0
£0 £0 £45,000 £45,000 £45,000 £45,000
£500,000 £500,000 £545,000 £590,000 £635,000 £680,000

Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

£935,000 £965,000 £995,000 £1,025,000 £1,055,000 £1,085,000
£0 £0 £0 £0 £0 £0
£30,000 £30,000 £30,000 £30,000 £30,000 £30,000
£965,000 £995,000 £1,025,000 £1,055,000 £1,085,000 £1,115,000
 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7
£1,325,000 £1,385,000 £1,445,000 £1,505,000 £1,565,000 £1,625,000
£0 £0 £0 £0 £0 £0
£60,000 £60,000 £60,000 £60,000 £60,000 £60,000
£1,385,000 £1,445,000 £1,505,000 £1,565,000 £1,625,000 £1,685,000
Month 8 Month 9 Month 10 Month 11 Month 12
£117,674 £83,259 £48,844 £19,428 £65,013
-£3,685 -£3,685 -£3,685 -£3,685 -£3,685

-£180,000 -£180,000 -£180,000 -£180,000 -£180,000

-£1,800 -£1,800 -£1,800 -£1,800 -£1,800 £600
-£750 -£750 -£750 -£750 -£750 £250
-£750 -£750 -£750 -£750 -£750 £250
-£450 -£450 -£450 -£450 -£450 £150
-£330 -£330 -£330 -£330 -£330 £110
-£5,400 -£5,400 -£5,400 -£5,400 -£5,400

£120,000 £120,000 £120,000 £180,000 £180,000

£30,000 £30,000 £30,000 £45,000 £45,000

£7,500 £7,500 £12,500 £12,500 £12,500
£1,250 £1,250 £1,250 £1,250 £1,250

£83,259 £48,844 £19,428 £65,013 £110,598

Month 8 Month 9 Month 10 Month 11 Month 12

£99,017 £108,122 £117,228 £63,173 £84,119
-£4,435 -£4,435 -£4,435 -£4,435 -£4,435

-£360,000 -£360,000 -£420,000 -£420,000 -£420,000

-£3,600 -£3,600 -£4,200 -£4,200 -£4,200 £600
-£1,500 -£1,500 -£1,750 -£1,750 -£1,750 £250
-£1,500 -£1,500 -£1,750 -£1,750 -£1,750 £250
-£900 -£900 -£1,050 -£1,050 -£1,050 £150
-£660 -£660 -£770 -£770 -£770 £110
-£10,800 -£10,800 -£12,600 -£12,600 -£12,600

£300,000 £300,000 £300,000 £360,000 £360,000

£75,000 £75,000 £75,000 £90,000 £90,000

£15,000 £15,000 £15,000 £15,000 £15,000
£2,500 £2,500 £2,500 £2,500 £2,500
£108,122 £117,228 £63,173 £84,119 £105,064

Month 8 Month 9 Month 10 Month 11 Month 12

£183,381 £180,964 £178,547 £1,020,890 £1,863,232
-£5,157 -£5,157 -£5,157 -£5,157 -£5,157

-£660,000 -£660,000
-£6,600 -£6,600
-£2,750 -£2,750
-£2,750 -£2,750
-£1,650 -£1,650
-£1,210 -£1,210
-£19,800 -£19,800

£540,000 £540,000 £660,000 £660,000 £660,000

£135,000 £135,000 £165,000 £165,000 £165,000

£20,000 £20,000 £20,000 £20,000 £20,000
£2,500 £2,500 £2,500 £2,500 £2,500

£180,964 £178,547 £1,020,890 £1,863,232 £2,705,575

Month 8 Month 9 Month 10 Month 11 Month 12
£680,000 £725,000 £770,000 £815,000 £860,000
£0 £0 £0 £0 £0
£45,000 £45,000 £45,000 £45,000 £45,000
£725,000 £770,000 £815,000 £860,000 £905,000

Month 8 Month 9 Month 10 Month 11 Month 12

£1,115,000 £1,145,000 £1,175,000 £1,205,000 £1,235,000
£0 £0 £0 £0 £0
£30,000 £30,000 £30,000 £30,000 £30,000
£1,145,000 £1,175,000 £1,205,000 £1,235,000 £1,265,000
 Month 8 Month 9 Month 10 Month 11 Month 12
£1,685,000 £1,745,000 £1,805,000 £1,865,000 £1,925,000
£0 £0 £0 £0 £0
£60,000 £60,000 £60,000 £60,000 £60,000
£1,745,000 £1,805,000 £1,865,000 £1,925,000 £1,985,000
 -£13,200
-£5,500
-£5,500
-3300.000
-£2,420
-£41,400

£ 840,000

£210,000
£60,000
£7,500

£1,117,500

-38400
-£16,000
-£16,000
-£9,600
-£7,040
-£117,000

£540,000
£2,640,000

£795,000
£180,000
£30,000

£4,185,000
 -48600
-£20,250
-£20,250
-£12,150
-£8,910
-£145,800

£1,260,000
£4,860,000

£1,530,000
£240,000
£30,000

£7,920,000
OVERHEADS - ANNUAL COSTS Year 1
Operational Costs
Line Rental - AQL.com £36
Land Line Telephone Rental x 3 - Logical Telecoms £0
Call Answering - Answer.co.uk £600
Website Hosting - Linode.com £125
Advertising - Fishpool Marketing Limited £10,000
Annual Domain Registration - 123-reg £0
SSL Certification - NameCheap.com £0
Email Hosting £240
Website Development & Maintenance £2,000
CRM System £192
Phone Number & Email Validation Service £300
Stationary & Post £50
Shared Serviced Offices - Leeds & Birmingham £0
Company Mobile Phones £0
Mileage expenses and travel allowance £900
Bank Charges £0
Prof. Indemnity, Public & Employer Liability Insurance £1,200
Internet access £0
XERO Accounting £264

Professional Services
Accountancy £1,200
IT support - networking related 0
Viewings, property condition reports & meeting Sellers in person £2,500

Staff Renumeration
Salary - Saddat Abid £11,500
Salary - David Thomson £11,500
Employers' NI Contribution - Saddat Abid £275
Employers' NI Contribution - David Thomson £275
Work Place Pensions - Employer's Contribution - Saddat Abid £115
Work Place Pensions - Employer's Contribution - David Thomson £115

Membership costs
Property Ombudsman Scheme Membership £400
National Association of Property Buyers £400
Information Commissioners' Office Registration £35

OVERHEADS - TOTAL ANNUAL COSTS £44,222

Monthly Fixed Costs -£3,685
Year 2 Year 3

£36 £36 -£15,907

£306 £312
£750 £1,000
£365 £365
£10,000 £10,000
£0 £12
£0 £25
£360 £360
£2,000 £2,000
£288 £288
£600 £750
£50 £50
£2,400 £4,800
£960 £960
£900 £900
£120 £120
£1,200 £1,200
£600 £600
£264 £264

£1,200 £1,200 -£3,700

£1,200 £1,800
£5,000 £10,000

£11,500 £11,500 -£23,780

£11,500 £11,500
£275 £275
£275 £275
£115 £230
£115 £230

£400 £400 -£835

£400 £400
£35 £35

£53,214 £61,887
-£4,435 -£5,157