UNITED STATES

0001548123-16-000748.txt : 20161130 0001548123-16-000748.hdr.sgml : 20161130 20161130111328 ACCESSION NUMBER: 0001548123-16-000748 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 31 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161130 DATE AS OF CHANGE: 20161130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Trafalgar Resources, Inc. CENTRAL INDEX KEY: 0001310630 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 910974149 STATE OF INCORPORATION: UT FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32522 FILM NUMBER: 162024395 BUSINESS ADDRESS: STREET 1: P. O. BOX 2017 CITY: SANDY STATE: UT ZIP: 84091-2017 BUSINESS PHONE: 801-307-9606 MAIL ADDRESS: STREET 1: P. O. BOX 2017 CITY: SANDY STATE: UT ZIP: 84091-2017 10-K 1 trafalgar10ksept16111816.htm ANNUAL REPORT ON FORM 10K FOR THE YEAR ENDED SEPTEMBER 30, 2016 UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

(Mark One)

[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934

For the fiscal year ended:

September 30, 2016

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission file number 1-32522

Trafalgar Resources, Inc.

(Exact name of registrant as specified in its charter)

Utah 91-0974149

(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

P.O. Box 2017, Sandy, Utah

84091-2017

(Address of principal executive offices) (Zip Code)

Issuer’s telephone number (801) 748-1114

Securities registered under Section 12(b) of the Exchange Act:

Title of each class Name of each exchange on which registered

None Not Applicable

Securities registered under Section 12(g) of the Exchange Act:

Class “A” Voting Common Stock, no par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act

Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act

Yes [X] No [ ]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers in response to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated filer ¨

Accelerated filer ¨

Non-accelerated filer ¨ (Do not check if a smaller reporting company)

Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X] No [ ]

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter. The Registrant’s shares were last sold at a price of $1.01 per share. Although the Registrant’s stock has very few trades and limited volume, based on the last sales price of $1.01 shares held by non-affiliates would have a market value of $253,425.

As of November 21, 2016, the Registrant had 5,251,309 shares of common stock issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

If the following documents are incorporated by reference, briefly describe them and identify the part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security holders; (2) any proxy or information statement, and (3) any prospectus filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933 (“Securities Act”). The listed documents should be clearly described for identification purposes: None

PART I

Item 1. Business

The Company was incorporated under the laws of the state of Utah on October 25, 1972, under the name of Electronic Agricultural Machinery Development Corporation. In 1974, the Company changed its name to Zenith Development Corporation. In 1980, the Company changed its name to Alternative Energy Resources, Inc. In 2004, the Company changed its name to Trafalgar Resources, Inc.

Initially, the Company sought to develop and market inventions, including an asparagus harvester, a hot water saving device and a gas alert signal. Ultimately, none of the inventions were successful and they were abandoned. The Company ceased to conduct any business and has not conducted any business during the last three years.

Currently, the Company is in the process of investigating potential business ventures which, in the opinion of management, will provide a source of eventual profit to the Company. Such involvement may take many forms, including the acquisition of an existing business or the acquisition of assets to establish subsidiary businesses. All risks inherent in new and inexperienced enterprises are inherent in the Company’s business.

The Company is not currently conducting any business, nor has it conducted any business for several years. Therefore, it does not possess products or services, distribution methods, competitive business positions, or major customers. The Company does not possess any unexpired patents or trademarks and any and all of its licensing and royalty agreements from the inventions it sought to market in the past have since expired, and are not currently valid. The Company does not employ any employees.

The selection of a business opportunity in which to participate is complex and risky. Additionally, as the Company has only limited resources, it may be difficult to find good opportunities. There can be no assurance that the Company will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to the Company and its stockholders. The Company will select any potential business opportunity based on management's business judgment.

The activities of the Company are subject to several significant risks which arise primarily as a result of the fact that the Company has no specific business and may acquire or participate in a business opportunity based on the decision of management which potentially could act without the consent, vote, or approval of the Company's stockholders. The risks faced by the Company are further increased as a result of its lack of resources and its inability to provide a prospective business opportunity with significant capital.

Item 2. Properties

The Company owns no properties and utilizes space on a rent-free basis in the office of its principal stockholder, Anthony Brandon Escobar. This arrangement is expected to continue until such time as the Company becomes involved in a business venture which necessitates its relocation, as to which no assurances can be given. The Company has no agreements with respect to the maintenance or future acquisition of the office facilities; however, if a successful merger/acquisition is negotiated, it is anticipated that the office of the Company will be moved to that of the acquired company.

The Company is not actively engaged in conducting any business. Rather, the Company is in the process of investigating potential business ventures which, in the opinion of management, will provide a source of eventual profit to the Company. Therefore, the Company does not presently intend to invest in real estate or real estate securities, nor has it formulated any investment policies regarding investments in real estate, real estate mortgages, or securities of or interests in persons engaged in real estate activities.

Item 3. Legal Proceedings

None.

Item 4. Mine Safety Disclosures

The Company has no mining operations.

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PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

The Company’s common stock is quoted on the OTCQB under the symbol “TFLG.” Set forth below are the high and low bid prices for the Company's Common Stock for the respective quarters. Although the Company's common stock is quoted on the OTCQB it has traded sporadically with no real volume and there is currently no ask price. Consequently, the information provided below may not be indicative of the Company's common stock price under different conditions.


Quarter Ended	High Bid	Low Bid
September 2016	$1.01	$0.55
June 2016	$1.01	$0.55
March 2016	$1.01	$0.55
December 2015	$1.01	$0.55

September 2015	$1.01	$0.50
June 2015	$1.01	$0.50
March 2015	$1.01	$0.50
December 2014	$1.01	$0.50

September 2014	$1.01	$0.50
June 2014	$1.01	$0.50
March 2014	$1.01	$0.50
December 2013	$1.01	$0.50

At November 21, 2016, the bid and ask price for the Company's Common Stock was $1.01 and $0.55. All prices listed herein reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not represent actual transactions.

Recent Sales of Unregistered Securities

The Company had no sales of securities in 2016 or 2015.

Holders – At November 21, 2016, the Company had approximately 229 shareholders of record and beneficial owners based on information obtained from the Company’s transfer agent.

Dividends – Since its inception, the Company has not paid any dividends on its common stock and the Company does not anticipate that it will pay dividends in the foreseeable future.

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Item 6. Selected Financial Data

Summary of Financial Information

We had no revenues in 2016 or 2015. We had a net loss of $48,949 for the year ended September 30, 2016. At September 30, 2016, we had cash and cash equivalents of $15,191 and negative working capital of $220,930.

The following table shows selected summarized financial data for the Company at the dates and for the periods indicated. The data should be read in conjunction with the financial statements and notes included herein beginning on page F-1.

STATEMENT OF OPERATIONS DATA:


	For the Year Ended September 30, 2016	For the Year Ended September 30, 2015
Revenues	$ -	$ -
General and Administrative Expenses	26,782	25,606
Net Loss	48,949	45,015
Basic Loss per Share	(0.01)	(0.01)
Diluted Loss per Share	(0.01)	(0.01)
Weighted Average Number of Shares Outstanding	5,251,309	5,251,309
Weighted Average Number of Fully Diluted Shares Outstanding	5,251,309	5,251,309
BALANCE SHEET DATA:
	September 30, 2016	September 30, 2015
Total Current Assets	$ 17,691	$ 13,941
Total Assets	17,691	13,941
Total Current Liabilities	238,621	185,922
Working Capital (Deficit)	(220,930)	(171,981)
Stockholders’ Equity (Deficit)	(250,930)	(201,981)

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Special Note Regarding Forward-Looking Statements

This annual report contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Plan of Operation provided below, including information regarding the Company’s financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive positions, growth opportunities, plans and objectives of management. The statements made as part of the Plan of Operation that are not historical facts are hereby identified as “forward-looking statements.”

PLAN OF OPERATION.

The Company is in the process of investigating potential business ventures which, in the opinion of management, will provide a source of eventual profit to the Company. Such involvement may take many forms, including the acquisition of an existing business or the acquisition of assets to establish subsidiary businesses. The Company’s management does not expect to remain involved as management of any acquired business.

As the Company possesses limited funds, the Company will be extremely limited in its attempts to locate potential business situations for investigation. The Company intends to commence, on a limited basis, the process of investigating possible merger and acquisition candidates, and believes that the Company’s status as a publicly-held corporation will enhance its ability to locate such potential business ventures. No assurance can be given as to

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when the Company may locate suitable business opportunities and such opportunities may be difficult to locate; however, the Company intends to actively search for potential business ventures for the foreseeable future.

Management anticipates that due to its lack of funds, and the limited amount of its resources, the Company may be restricted to participation in only one potential business venture. This lack of diversification should be considered a substantial risk because it will not permit the Company to offset potential losses from one venture against gains from another.

Business opportunities, if any arise, are expected to become available to the Company principally from the personal contacts of its officers and directors. While it is not expected that the Company will engage professional firms specializing in business acquisitions or reorganizations, such firms may be retained if funds become available in the future, and if deemed advisable. Opportunities may thus become available from professional advisors, securities broker-dealers, venture capitalists, members of the financial community, and other sources of unsolicited proposals. In certain circumstances, the Company may agree to pay a finder’s fee or other form of compensation, including perhaps one-time cash payments, payments based upon a percentage of revenues or sales volume, and/or payments involving the issuance of securities, for services provided by persons who submit a business opportunity in which the Company shall decide to participate, although no contracts or arrangements of this nature presently exist. The Company is unable to predict at this time the cost of locating a suitable business opportunity.

The analysis of business opportunities will be undertaken by or under the supervision of the Company’s management, none of whom is a professional analyst and none of whom have significant general business experience. Among the factors which management will consider in analyzing potential business opportunities are the available technical, financial and managerial resources; working capital and financial requirements; the history of operation, if any; future prospects; the nature of present and anticipated competition; potential for further research, developments or exploration; growth and expansion potential; the perceived public recognition or acceptance of products or services; name identification, and other relevant factors.

It is not possible at present to predict the exact matter in which the Company may participate in a business opportunity. Specific business opportunities will be reviewed and, based upon such review, the appropriate legal structure or method of participation will be decided upon by management. Such structures and methods may include, without limitation, leases, purchase and sale agreements, licenses, joint ventures; and may involve merger, consolidation or reorganization. The Company may act directly or indirectly through an interest in a partnership, corporation or reorganization. However, it is most likely that any acquisition of a business venture the Company would make would be by conducting a reorganization involving the issuance of the Company’s restricted securities. Such a reorganization may involve a merger (or combination pursuant to state corporate statutes, where one of the entities dissolves or is absorbed by the other), or it may occur as a consolidation, where a new entity is formed and the Company and such other entity combine assets in the new entity. A reorganization may also occur, directly or indirectly, through subsidiaries, and there is no assurance that the Company would be the surviving entity. Any such reorganization could result in loss of control of a majority of the shares. The Company’s present directors may be required to resign in connection with a reorganization.

The Company may choose to enter into a venture involving the acquisition of or merger with a company which does not need substantial additional capital but desires to establish a public trading market of its securities. Such a company may desire to consolidate its operations with the Company through a merger, reorganization, asset acquisition, or other combination, in order to avoid possible adverse consequences of undertaking its own public offering. (Such consequences might include expense, time delays or loss of voting control.) In the event of such a merger, the Company may be required to issue significant additional shares, and it may be anticipated that control over the Company’s affairs may be transferred to others.

As part of their investigation of acquisition possibilities, the Company’s management may meet with executive officers of the business and its personnel; inspect its facilities; obtain independent analysis or verification of the information provided, and conduct other reasonable measures, to the extent permitted by the Company’s limited resources and management’s limited expertise. Generally, the Company intends to analyze and make a determination based upon all available information without reliance upon any single factor as controlling.

In all likelihood, the Company’s management will be inexperienced in the areas in which potential businesses will be investigated and in which the Company may make an acquisition or investment. Thus, it may become necessary for the Company to retain consultants or outside professional firms to assist management in evaluating potential investments. The Company can give no assurance that it will be able to find suitable consultants or managers. The

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Company has no policy regarding the use of consultants, however, if management, in its discretion, determines that it is in the best interests of the Company, management may seek consultants to review potential merger or acquisitions candidates. There are currently no contracts or agreements between any consultant and any companies that are searching for “shell” companies with which to merge.

It may be anticipated that the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require substantial management time and attention, and substantial costs for accountants, attorneys and others. Should a decision thereafter be made not to participate in a specific business opportunity, it is likely that costs already expended would not be recoverable. It is likely, in the event a transaction should eventually fail to be consummated, for any reason, that the costs incurred by the Company would not be recoverable. The Company’s officers and directors are entitled to reimbursement for all expenses incurred in their investigation of possible business ventures on behalf of the Company, and no assurance can be given that if the Company has available funds they will not be depleted in such expenses.

Based on current economic and regulatory conditions, management believes that it is possible, if not probable, for a company like the Company, without many assets or many liabilities, to negotiate a merger or acquisition with a viable private company. The opportunity arises principally because of the high legal and accounting fees and the length of time associated with the registration process of “going public.” However, should any of these conditions change, it is very possible that there would be little or no economic value for anyone taking over control of the Company.

LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 2016, the Company had $15,191 in cash and liabilities of $268,621. As of September 30, 2016, the Company had a negative working capital of $220,930. The Company had a negative working capital of $171,981 as of September 30, 2015. The Company has only incidental ongoing expenses primarily associated with maintaining its corporate status and maintaining the Company’s reporting obligations to the Securities and Exchange Commission. Current management has indicated a willingness to help support the Company’s ongoing expenses through the purchase of securities of the Company.

For the twelve months ended September 30, 2016, the Company had $26,782 in general and administrative expenses related to maintaining its corporate status, paying accounting and legal fees and $22,067 in interest expenses. Management anticipates only nominal continuing expenses related to investigating business opportunities and legal and accounting cost. For the year ended September 30, 2016, the Company had a net loss of $48,949 compared to a loss of $45,015 for the year ended September 30, 2015.

Since inception, the Company has not generated significant revenue, and it is unlikely that any revenue will be generated until the Company locates a business opportunity with which to acquire or merge. Management of the Company will be investigating various business opportunities. These efforts may cost the Company not only out of pocket expenses for its management but also expenses associated with legal and accounting costs. There can be no guarantee that the Company will receive any benefits from the efforts of management to locate business opportunities.

Management does not anticipate employing any employees in the future until a merger or acquisition can be accomplished. Management will continue to rely on outside consultants to assist in its corporate filing requirements.

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RESULTS OF OPERATIONS

The Company has not had any revenue since inception. The Company continues to suffer a small loss related to maintaining its corporate status and reporting obligations. For the year ended September 30, 2016, we incurred a loss of $48,949 and had no revenue as compared to a loss of $45,015 for the year ended September 30, 2015, with no revenue.

Off-balance sheet arrangements.

The Company does not have any off-balance sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.

Item 8. Financial Statements and Supplementary Data

The Company’s financial statements are presented immediately following the signature page to this Form 10-K.

Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure

The Company has had no disagreements with its principal independent accountants with respect to accounting practices or procedures or financial disclosure.

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, including our CEO and Principal Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our CEO and Principal Financial Officer concluded that due to the small size of the Company and lack of segregation of duties our disclosure controls and procedures as of the end of the period covered by this report were not effective such that the information required to be disclosed by us in reports filed under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. However, management believes the controls and procedures provide a reasonable basis for the conclusions.

Management’s Annual Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives.

Our management evaluated the effectiveness of our internal control over financial reporting as of September 30, 2016. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control - Integrated Framework. Further, our management considered the lack of operations and revenue, the limited cash on hand and the limited transactions which occur on a monthly basis. Based on this evaluation, our management concluded that, as of September 30, 2016, our internal control over financial reporting was not effective due to the small size of the Company and lack of segregation of duties.

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This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm since the Company is not an accelerated or larger accelerated filer.

Changes in internal control over financial reporting

There have been no changes in internal control over financial reporting that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the internal control over financial reporting.

Item 9B. Other Information

None

PART III

Item 10. Directors, Executive Officers, and Corporate Governance

The following table sets forth as of November 21, 2016, the name, age, and position of each executive officer and director and the term of office of each director of the Company.

Name

Age

Position

Director and Officer Since

Anthony B. Escobar

President and Director

2004

Sean Escobar

Vice President and Director

2004

Anthony Coletti

Secretary and Treasurer and Director

2004

Set forth below is certain biographical information regarding the Company's executive officers and directors.

Anthony Brandon Escobar, age 41, has been a Director of the Company since March 5, 2004, and has been President of the Company since March 12, 2004. In addition to his management position with the Company, he graduated from the University of Utah in 2001 with a Bachelor of Science degree in Communications. Mr. Escobar has been self-employed owning and operating Absolute Laboratories, Inc., that distributes dietary supplements to health food stores and pharmacies. Mr. Escobar is also a licensed real estate agent.

Sean Escobar, age 36, has been a Director of the Company since March 5, 2004, and has been Vice President of the Company since March 12, 2004. In addition to his management position with the Company, he has worked as an independent contractor as a nutritional product sales representative primarily for Isagenix International, Inc.

Anthony Coletti, age 46, has been a Director of the Company since March 5, 2004, and has been Secretary and Treasurer of the Company since March 12, 2004. In addition to his management position with the Company, he graduated from the University of Utah in 1993 with a Bachelor of Arts degree in Marketing. Mr. Coletti has worked in the field of ophthalmology as a Glaucoma Specialty Sales Representative for Alcon Laboratories and has managed a territory including the states of Utah, Idaho, Montana, and Wyoming, where he has worked with over 240 physicians.

Anthony Brandon Escobar and Sean Escobar are brothers and Anthony Coletti is the brother-in-law to Anthony Brandon Escobar and Sean Escobar.

Except as indicated below, to the knowledge of management, during the past five years, no present or former director, or executive officer of the Company:

(1)

filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

(2)

was convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

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(3)

was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting, the following activities:

(i)

acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliate person, director or employee of any investment company, or engaging in or continuing any conduct or practice in connection with such activity;

(ii)

engaging in any type of business practice; or

(iii)

engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;

(4)

was the subject of any order, judgment, or decree, not subsequently reversed, suspended, or vacated, of any federal or state authority barring, suspending, or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity;

(5)

was found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law, and the judgment in such civil action or finding by the Securities and Exchange Commission has not been subsequently reversed, suspended, or vacated.

(6)

was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Exchange Act requires our directors, executive officers, and the persons who beneficially own more than 10% of the Common Stock and securities convertible into shares of Common Stock (together with the Common Stock, “Subject Shares”), to file with the SEC initial reports of ownership and reports of changes in ownership of Subject Shares. Directors, officers and greater than 10% beneficial owners of the Subject Shares are required by the SEC’s regulations to furnish us with copies of all forms they file with the SEC pursuant to Section 16(a) of the Exchange Act. Based solely on the reports received by us and on the representations of the reporting persons, we believe that these persons have complied with all applicable filing requirements during the fiscal year ended September 30, 2016.

Item 11. Executive Compensation

Summary Compensation Table

The following tables set forth certain summary information concerning the compensation paid or accrued for each of the Company’s last three completed fiscal years to the Company's or its principal subsidiaries’ chief executive officer and each of its other executive officers that received compensation in excess of $100,000 during such period (as determined at September 30, 2016, the end of the Company's last completed fiscal year):

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Summary Compensation Table


Name and Principal Position	Year	Salary	Bonus	Stock Awards	Option Awards	Non-Equity Incentive Plan Compensation	All Other Compensation	Total
Anthony Escobar	2016	-0-	-0-	-0-	-0-	-0-	-0-	-0-
CEO	2015	-0-	-0-	-0-	-0-	-0-	-0-	-0-
	2014	-0-	-0-	-0-	-0-	-0-	-0-	-0-

Cash Compensation – No cash compensation was paid to any director or executive officer of the Company during the fiscal years ended September 30, 2016, 2015, and 2014.

Bonuses and Deferred Compensation – None

Compensation Pursuant to Plans – None

Pension Table – None

Other Compensation – None

Compensation of Directors – None

Termination of Employment and Change of Control Arrangement

There are no compensatory plans or arrangements, including payments to be received from the Company, with respect to any person named in Cash Compensation set out above which would in any way result in payments to any such person because of his resignation, retirement, or other termination of such person's employment with the Company or its subsidiaries, or any change in control of the Company, or a change in the person's responsibilities following a changing in control of the Company.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth as of November 21, 2016, the name and the number of shares of the Company's common stock held of record or beneficially by each person who held of record, or was known by the Company to own beneficially, more than 5% of the 5,291,309 issued and outstanding shares of the Company's common stock, and the name and shareholdings of each director and of all officers and directors as a group.

Title of Class

Name of Beneficial Owner

Amount and Nature of Beneficial Ownership (1)

Percent of Class

Class “A” Voting

Anthony Brandon Escobar

12587 S. 1745 E.

Draper, Utah 84020

4,937,500

94.03%

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Title of Class	Name of Officer, Director and Nominee	Amount and Nature of Beneficial Ownership (1)	Percent of Class
Class “A” Voting	Anthony Brandon Escobar President	----------See Above----------

Class “A” Voting	Sean Escobar Vice President 12913 S. Boulter St. Draper, Utah 84020	31,250	00.59%

Class “A” Voting	Anthony Coletti Secretary/Treasurer 3036 W. Harper Peak Ct. South Jordan, Utah 84095	31,250	00.59%

All Officers and Directors as a Group (3 persons)		5,000,000	95.22%

(1) All shares are owned directly, beneficially and of record; and each shareholder has sole voting, investment, and dispositive power, unless otherwise noted.

ITEM 13. Certain Relationships and Related Transactions and Director Independence.

Transactions with management and others

During the fiscal year ended September 30, 2016, there were no material transactions, or series of similar transactions, since the beginning of the Company's last fiscal year, or any currently proposed transactions, or series of similar transactions, to which the Company was or is to be party, in which the amount involved exceeds $60,000, and in which any director or executive officer, or any security holder who is known by the Company to own of record or beneficially more than 5% of any class of the Company's common stock, or any member of the immediate family of any of the foregoing persons, has an interest.

At September 30, 2016 the Company owed $77,889 of interest and $190,000 to its President. Note 1 is for $10,000 and bears interest of 4.5% per year. Note 2 is for $10,000 and bears interest of 4.5% per year and $10,450 in interest and principal was due February 28, 2011. Note 3 is for $20,000 and bears interest of 4.5% per year. $900 in interest was due on January 15, 2011, 2012, and 2013. $20,900 in interest and principal was due January 15, 2014. Note 1, 2 and 3 are in default resulting in an 18% default rate of interest accruing. Note 4 is for $10,000 and bears interest of 4.5% per year. Interest of $450 was due on May 7, 2011, 2012, 2013, 2014 and 2015. Note 4 is in default resulting in a 14% default rate of interest accruing. Interest and principal of $10,450 was due May 7, 2015. Note 5 is for $20,000 and bears interest of 4.75% per year. Interest of $950 was due on February 1, 2012, 2013, 2014 and 2015. Interest and principal of $20,950 was due on February 1, 2015. Note 5 is in default resulting in a 12% default rate of interest accruing. Note 6 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 is due on February 1, 2013. Interest and principal of $21,600 was due on February 1, 2014. Note 6 is in default resulting in a 12% default rate of interest accruing. Note 7 is for $20,000 and bears interest of 8.0% per year. Interest of $1600 is due on March 1, 2014. Interest and principal of $21,600 was due on March 1, 2015. Note 7 is in default resulting in a 12% default rate of interest accruing. Note 8 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due February 3, 2015. Interest and principal of $21,600 is due on February 3, 2016. Note 8 is in default resulting in a 12% default rate of interest accruing. Note 9 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 is due December 12, 2016. Interest and principal of $32,400 is due December 12, 2016. Note 10 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 is due January 5, 2017. Interest and principal of $32,400 is due January 5, 2018.

-12-

Indebtedness of Management

There were no material transactions, or series of similar transactions, since the beginning of the Company's last fiscal year, or any currently proposed transactions, or series of similar transactions, to which the Company was or is to be a party, in which the amount involved exceeds $60,000 and in which any director or executive officer, or any security holder who is known to the Company to own of record or beneficially more than 5% of any class of the Company's common stock, or any member of the immediate family of any of the foregoing persons, has an interest.

Transactions with Promoters

There have been no transactions between the Company and promoters during the last fiscal year.

Item 14. Principal Accountant Fees and Services

(1) Audit Fees - The aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s principal accountant for the audit of the annual financial statements and review of financial statements included in the Form 10-Q or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are: $8,500 for 2016 and $9,400 for 2015.

(2) Audit-Related Fees - The aggregate fees billed in each of the last two fiscal years for assurance and related services by the Company’s principal accountant that are reasonably related to the performance of the audit or review of the financial statements and are not reported in (1) Audit Fees: $0 for 2016 and $0 for 2015.

(3) Tax Fees - The aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s principal accountant for tax compliance, tax advice, and tax planning: $0 for 2016 and $800 for 2015.

(4) All Other Fees - The aggregate fees billed in each of the last two fiscal years for products and services provided by the Company’s principal accountant, other than the services reported in (1) Audit Fees; (2) Audit-Related Fees; and (3) Tax Fees: $0 for 2016 and $0 for 2015.

(5) The Company does not have an audit committee

(6) Not Applicable

Part IV

ITEM 15. Exhibits, Financial Statement Schedules

Financial Statements – the following financial statements are included in this report:

Title of Document

Page

Reports of Independent Registered Public Accounting Firm

F-1

Balance Sheet

F-2

Statements of Operations

F-3

Statements of Stockholders’ (Deficit)

F-4

Statements of Cash Flows

F-5

Notes to Financial Statements

F-6-9

Financial Statement Schedules – There are no financial statement schedules are included as part of this report

-13-

Exhibits – The following exhibits are included as part of this report:

Exhibit

Reference

Number

Title of Document

Location

3.01

Articles of Incorporation

Incorporated by reference*

3.04

Bylaws

Incorporated by reference*

4.01

Specimen Stock Certificate

Incorporated by reference*

31.01

CEO certification Pursuant to 18 USC

Section 1350, as adopted pursuant to

Section 302 of Sarbanes-Oxley Act of 2002

This Filing

31.02

CFO certification Pursuant to 18 USC

Section 1350, as adopted pursuant to

Section 302 of Sarbanes-Oxley Act of 2002

This Filing

32.01

CEO Certification pursuant to Section 906

This Filing

32.02

CFO Certification pursuant to Section 906

This Filing

101.INS

XBRL Instance

101.XSD

XBRL Schema

101.CAL

XBRL Calculation

101.DEF

XBRL Definition

101.LAB

XBRL Label

101.PRE

XBRL Presentation

* Incorporated by reference from the Company's registration statement on Form 10-SB filed with the Commission, SEC file no. 1-32522.

-14-

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Trafalgar Resources, Inc.

Date: November 29, 2016

By: /s/ Anthony Brandon Escobar

Anthony Brandon Escobar, President and

Director (Principal Executive Officer)

By: /s/ Anthony Coletti

Anthony Coletti, Principal Accounting Officer

In accordance with the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature

Title

Date

/s/ Anthony Brandon Escobar

Anthony Brandon Escobar

Director

November 29, 2016

/s/ Sean Escobar

Sean Escobar

Director

November 29, 2016

/s/ Anthony Coletti

Anthony Coletti

Director

November 29, 2016

-15-


Heaton & Company, PLLC
	REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Kristofer Heaton, CPA William R. Denney, CPA
	To The Board of Directors and Stockholders of Trafalgar Resources, Inc. We have audited the accompanying balance sheets of Trafalgar Resources, Inc. (the Company) as of September 30, 2016 and 2015, and the related statements of operations, stockholders’ equity (deficit) and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States of America). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Trafalgar Resources, Inc. as of September 30, 2016 and 2015, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has negative working capital and has not generated revenues to cover operating expenses. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to this matter are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/Heaton & Company, PLLC Farmington, Utah November 29, 2016
240 N. East Promontory Suite 200 Farmington, Utah 84025 (T) 801.218.3523 heatoncpas.com

F-1


Trafalgar Resources, Inc. BALANCE SHEETS
	September 30, 2016	September 30, 2015

ASSETS
CURRENT ASSETS
Cash	$ 15,191	$ 9,941
Prepaid expenses	2,500	4,000

TOTAL CURRENT ASSETS	17,691	13,941


TOTAL ASSETS	$ 17,691	$ 13,941

LIABILITIES AND STOCKHOLDERS' (DEFICIT)
CURRENT LIABILITIES
Accounts payable	$ 632	$ -
Interest payable - related party	77,889	55,822
Income taxes payable	100	100
Note Payable – Related Party – Current	160,000	130,000

TOTAL CURRENT LIABILITIES	238,621	185,922

LONG-TERM LIABILITIES
Notes payable -- Related party (Note 2)	30,000	30,000

TOTAL LIABILITIES	268,621	215,922

STOCKHOLDERS' (DEFICIT)

Common stock no par value, 100,000,000 shares authorized, 5,251,309 shares issued and outstanding	137,413	137,413
Retained (Deficit)	(388,343)	(339,394)

TOTAL STOCKHOLDERS' (DEFICIT)	(250,930)	(201,981)

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$ 17,691	$ 13,941

The accompanying notes are an integral part of these financial statements.

F-2


Trafalgar Resources, Inc. STATEMENTS OF OPERATIONS
	Year Ended September 30, 2016	Year Ended September 30, 2015
Statement of Income
Income	$ -	-
Cost of Sales	-	-

GROSS PROFIT	-	-

Expenses
General and Administrative	26,782	25,606
Total Expenses	26,782	25,606

Other Income and (Expenses)
Interest (Expense) - Related Party	(22,067)	(19,320)
Other Income	-	11
Total other Income and (Expense)	(22,067)	(19,309)

(LOSS) BEFORE TAXES	(48,849)	(44,915)

PROVISION FOR TAXES	100	100

NET (LOSS)	$ (48,949)	$ (45,015)

(LOSS) PER COMMON SHARE
Basic and fully diluted loss per weighted average common share outstanding	$ (0.01)	$ (0.01)

Weighted average number of common shares outstanding	5,251,309	5,251,309

The accompanying notes are an integral part of these financial statements.

F-3


Trafalgar Resources Inc. STATEMENT OF STOCKHOLDERS' (DEFICIT) FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015
	Common Stock Shares	Common Stock Amount	Retained Deficit	Total Stockholders' Equity (Deficit)

Balance at September 30, 2014	5,251,309	$ 137,413	$ (294,379)	$ (156,966)
Net loss for year			(45,015)	(45,015)

Balance at September 30, 2015	5,251,309	$ 137,413	$ (339,394)	$ (201,981)
Net loss for year			(48,949)	(48,949)

Balance at September 30, 2016	5,251,309	$ 137,413	$ (388,343)	$ (250,930)

The accompanying notes are an integral part of these financial statements.

F-4


Trafalgar Resources, Inc. STATEMENTS OF CASH FLOWS
		Year Ended September 30, 2016		Year Ended September 30, 2015
Statement of Cash Flows
OPERATING ACTIVITIES
NET (LOSS)	$	(48,949)	$	(45,015)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:

Changes in operating assets and liabilities:
Prepaid Expenses		1,500		(4,000)
Interest payable – related party		22,067		19,320
Accounts payable		632		(200)
Income taxes payable		-		-

NET CASH (USED) BY OPERATING ACTIVITIES		(24,750)		(29,895)

FINANCING ACTIVITIES
Notes payable - Related party		30,000		30,000

NET CASH PROVIDED BY FINANCING ACTIVITIES		30,000		30,000

NET INCREASE (DECREASE) IN CASH		5,250		105

CASH AT BEGINNING OF PERIOD		9,941		9,836

CASH AT END OF PERIOD	$	15,191	$	9,941

SUPPLEMENTAL CASH FLOW INFORMATION:
CASH PAID FOR TAXES	$	100	$	100

CASH PAID FOR INTEREST	$	-	$	-

The accompanying notes are an integral part of these financial statements.

F-5

TRAFALGAR RESOURCES, INC.

Notes to Financial Statements

September 30, 2016

Note 1: Summary of Significant Accounting Policies

Organization and Operations

Trafalgar Resources, Inc. (the "Company") was incorporated under the laws of the State of Utah on October 25, 1972. The Company is considered a development stage enterprise because since October 1, 2003 it has not commenced operations that have resulted in significant revenue and the Company's efforts have been devoted primarily to activities related to raising capital and attempting to acquire an operating entity.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.

Use of estimates

These financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and require that management make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The use of estimates and assumptions may also affect the reported amounts of revenues and expenses. Actual results could differ from those estimates or assumptions.

Net loss per share of common stock

The loss per share of common stock is computed by dividing the net loss during the period presented by the weighted average number of shares outstanding during that same period.

Income taxes

We account for income taxes in accordance with FASB ASC 740-10-05, “Accounting for Income Taxes”. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets will be reflected on the balance sheet when it is determined that it is more likely than not that the asset will be realized. A valuation allowance has currently been recorded to reduce our deferred tax asset to $0.

F-6

TRAFALGAR RESOURCES, INC.

Notes to Financial Statements

September 30, 2016

(continued)

Note 1: Summary of Significant Accounting Policies (continued)

Revenue recognition

We will recognize revenue in accordance with FASB ASC 605, “Revenue Recognition.” Under FASB ASC 605, revenue is recognized at the point of passage to the customer of title and risk of loss, when there is persuasive evidence of an arrangement, the sales price is determinable, and collection of the resulting receivable is reasonably assured. We recognize revenue as services are provided. Revenues are reflected net of coupon discounts.

Fair value of financial instruments

The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, and other current assets, accounts payable, taxes payable, accrued expenses and other current liabilities, approximate their fair values because of the short maturity of these instruments.

Going concern

As shown in the accompanying financial statements, the Company had a working capital deficit and a retained deficit incurred through September 30, 2016 which raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Management intends to seek new capital from a related party to provide needed funds.

New accounting pronouncements

The Company has reviewed Accounting Standards Updates (“ASU”) through ASU No. 2016-15, which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

NOTE 2: RELATED PARTY TRANSACTIONS

Note 4 is for $10,000 and bears interest of 4.5% per year. Interest of $450 was due on May 7, 2011, 2012, 2013, and 2014. Interest and principal of $10,450 was due May 7, 2015. Note 4 is in default resulting in a 14% default rate of interest accruing.

Note 5 is for $20,000 and bears interest of 4.75% per year. Interest of $950 was due on February 1, 2012, 2013, and 2014. Interest and principal of $20,950 was due on February 1, 2015. Note 5 is in default resulting in a 12% default rate of interest accruing.

Note 6 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due on February 1, 2013. Interest and principal of $21,600 was due on February 1, 2014. Note 6 is in default resulting in a 12% default rate of interest.

F-7

TRAFALGAR RESOURCES, INC.

Notes to Financial Statements

September 30, 2016

(continued)

NOTE 2: RELATED PARTY TRANSACTIONS (continued)

Note 7 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due on March 1, 2014. Interest and principal of $21,600 was due on March 1, 2015. Note 7 is in default resulting in a 12% default rate of interest accruing.

Note 8 is for $20,000 and bears interest of 8.0% per year. Interest of $1,600 was due February 3, 2015. Interest and principal of $21,600 was due on February 3, 2016. Note 8 is in default resulting in a 12% default rate of interest accruing.

Note 9 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 is due December 12, 2016. Interest and principal of $32,400 is due December 12, 2016. Note 10 is for $30,000 and bears interest of 8.0% per year. Interest of $2,400 is due January 5, 2017. Interest and principal of $32,400 is due January 5, 2018.

Notes payable – related party are due as follows:

2017: $130,000

2018: 30,000

NOTE 3: INCOME TAXES

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Income tax periods 2013, 2014 and 2015 are open for examination by taxing authorities.

The income tax expense (benefit) for the year ended September 30, 2016 differs from the amount computed using the federal statutory rates as follows:


	Year Ended September 30, 2016	Year Ended September 30, 2015
Income tax expense (benefit) at	$(17,132)	$(15,750)
State taxes	100	100
Valuation allowance	17,132	15,755
	100	100

Deferred tax assets for the quarter ending September 30, 2016 are comprised primarily of the following:


Net Operating Loss Carryforward	$ 100,760
Valuation Allowance	$ (100,760)

At September 30, 2016 the Company had a net operating loss carry forward of approximately $210,000 that may be offset against future taxable income through 2036. These losses will start to expire in the year 2016 through 2036. No tax benefit has been reported in the financial statements because the Company believes that it is more likely than not that the carryforwards will expire unused. The utilization of future losses may be limited under various provisions of the Internal Revenue Code pertaining to continuity of business operations limits and substantial changes in ownership. Accordingly, the potential tax benefits of the loss carryforwards are offset by a valuation allowance of the same amount. The valuation allowance increased during the year ended September 30, 2016 by approximately $17,500.

F-8

TRAFALGAR RESOURCES, INC.

Notes to Financial Statements

September 30, 2016

(continued)

Note 4: SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date and through the date the financial statements were issued. During this period the Company did not have any material recognizable subsequent events.

F-9

EX-31 2 ex311.htm 302 CERTIFICATION OF ANTHONY BRANDON ESCOBAR Exhibit 31

Exhibit 31.1

Certification of Principal Executive Officer

Pursuant to 18 U.S.C. 1350

(Section 302 of the Sarbanes-Oxley Act of 2002)

I, Anthony Brandon Escobar, certify that:

I have reviewed this report on Form 10-K of TRAFALGAR RESOURCES, INC.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 29, 2016

/s/ Anthony Brandon Escobar

Anthony Brandon Escobar, Chief Executive Officer

EX-31 3 ex312.htm 302 CERTIFICATION OF ANTHONY COLETTI Exhibit 31

Exhibit 31.2

Certification of Principal Financial Officer

Pursuant to 18 U.S.C. 1350

(Section 302 of the Sarbanes-Oxley Act of 2002)

I, Anthony Coletti certify that:

I have reviewed this report on Form 10-K of TRAFALGAR RESOURCES, INC.;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 29, 2016

/s/ Anthony Coletti

Anthony Coletti, Principal Financial Officer

EX-32 4 ex32.htm 906 CERTIFICATION EXHIBIT 32

EXHIBIT 32.1.

Certification of Principal Executive Officer

Pursuant to 18 U.S.C. 1350

(Section 906 of the Sarbanes-Oxley Act of 2002)

The undersigned, Anthony Brandon Escobar, Chief Executive Officer, and Anthony Coletti, Principal Financial Officer, of Trafalgar Resources, Inc. (the "Registrant") do hereby certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of our knowledge, based upon a review of the Annual Report on Form 10-K for the period September 30, 2016 of the Registrant, as filed with the Securities and Exchange Commission on the date hereof (the "Report"):

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Dated: November 29, 2016

By: /s/ Anthony Brandon Escobar

Anthony Brandon Escobar

Chief Executive Officer

By: /s/ Anthony Coletti

Principal Financial Officer

* A signed original of this written statement required by Section 906 has been provided to Trafalgar Resources, Inc. and will be retained by Trafalgar Resources, Inc. and furnished to the Securities Exchange Commission or its staff upon request.

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Note 1: Summary of Significant Accounting Policies   Organization and Operations   Trafalgar Resources, Inc. (the "Company") was incorporated under the laws of the State of Utah on October 25, 1972. The Company is considered a development stage enterprise because since October 1, 2003 it has not commenced operations that have resulted in significant revenue and the Company's efforts have been devoted primarily to activities related to raising capital and attempting to acquire an operating entity.     Cash and Cash Equivalents   The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.   Use of estimates   These financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and require that management make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The use of estimates and assumptions may also affect the reported amounts of revenues and expenses. Actual results could differ from those estimates or assumptions.   Net loss per share of common stock   The loss per share of common stock is computed by dividing the net loss during the period presented by the weighted average number of shares outstanding during that same period.   Income taxes   We account for income taxes in accordance with FASB ASC 740-10-05, Accounting for Income Taxes. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to reverse.  Deferred tax assets will be reflected on the balance sheet when it is determined that it is more likely than not that the asset will be realized.  A valuation allowance has currently been recorded to reduce our deferred tax asset to $0.   Revenue recognition   We will recognize revenue in accordance with FASB ASC 605, Revenue Recognition.  Under FASB ASC 605, revenue is recognized at the point of passage to the customer of title and risk of loss, when there is persuasive evidence of an arrangement, the sales price is determinable, and collection of the resulting receivable is reasonably assured.  We recognize revenue as services are provided.  Revenues are reflected net of coupon discounts.   Fair value of financial instruments   The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.  The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, and other current assets, accounts payable, taxes payable, accrued expenses and other current liabilities, approximate their fair values because of the short maturity of these instruments.   Going concern   As shown in the accompanying financial statements, the Company had a working capital deficit and a retained deficit incurred through September 30, 2016 which raise substantial doubt about the Companys ability to continue as a going concern.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.  Management intends to seek new capital from a related party to provide needed funds.       New accounting pronouncements   The Company has reviewed Accounting Standards Updates (ASU) through ASU No. 2016-15, which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued.  These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

NOTE 2:     RELATED PARTY TRANSACTIONS   At September 30, 2016 the Company owed $77,889 of interest and $190,000 to its President.  Note 1 is for $10,000 and bears interest of 4.5% per year.   Note 2 is for $10,000 and bears interest of 4.5% per year and $10,450 in interest and principal was due February 28, 2011.  Note 3 is for $20,000 and bears interest of 4.5% per year.  $900 in interest was due on January 15, 2011, 2012, and 2013.  $20,900 in interest and principal was due January 15, 2014.  Note 1, 2 and 3 are in default resulting in an 18% default rate of interest accruing.   Note 4 is for $10,000 and bears interest of 4.5% per year.  Interest of $450 was due on May 7, 2011, 2012, 2013, and 2014.  Interest and principal of $10,450 was due May 7, 2015.  Note 4 is in default resulting in a 14% default rate of interest accruing.   Note 5 is for $20,000 and bears interest of 4.75% per year.  Interest of $950 was due on February 1, 2012, 2013, and 2014.  Interest and principal of $20,950 was due on February 1, 2015.  Note 5 is in default resulting in a 12% default rate of interest accruing.   Note 6 is for $20,000 and bears interest of 8.0% per year.  Interest of $1,600 was due on February 1, 2013.  Interest and principal of $21,600 was due on February 1, 2014.  Note 6 is in default resulting in a 12% default rate of interest.   Note 7 is for $20,000 and bears interest of 8.0% per year.  Interest of $1,600 was due on March 1, 2014.  Interest and principal of $21,600 was due on March 1, 2015.  Note 7 is in default resulting in a 12% default rate of interest accruing.     Note 8 is for $20,000 and bears interest of 8.0% per year.  Interest of $1,600 was due February 3, 2015.  Interest and principal of $21,600 was due on February 3, 2016.  Note 8 is in default resulting in a 12% default rate of interest accruing.   Note 9 is for $30,000 and bears interest of 8.0% per year.  Interest of $2,400 is due December 12, 2016.  Interest and principal of $32,400 is due December 12, 2016.  Note 10 is for $30,000 and bears interest of 8.0% per year.  Interest of $2,400 is due January 5, 2017.  Interest and principal of $32,400 is due January 5, 2018.    Notes payable related party are due as follows: <table border="1" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse;border:none'> <tr align="left"> <td width="72" valign="top" style='width:.75in;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2017 </td> <td width="487" valign="top" style='width:364.95pt;border:solid windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> $130,000 </td> </tr> <tr align="left"> <td width="72" valign="top" style='width:.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> 2018 </td> <td width="487" valign="top" style='width:364.95pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> $30,000 </td> </tr> </table>

NOTE 3:   INCOME TAXES   Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.  Income tax periods 2013, 2014 and 2015 are open for examination by taxing authorities.   The income tax expense (benefit) for the year ended September 30, 2016 differs from the amount computed using the federal statutory rates as follows:   <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'>   </td> <td width="133" valign="top" style='width:99.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Year Ended September 30, 2016 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Year Ended September 30, 2015 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Income tax expense (benefit) at 35% </td> <td width="133" valign="top" style='width:99.75pt;padding:0'>     $(17,132) </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> $(15,750) </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> State taxes </td> <td width="133" valign="top" style='width:99.75pt;padding:0'> 100 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> 100 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Valuation allowance </td> <td width="133" valign="top" style='width:99.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'>         17,132 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'>    15,755 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Total </td> <td width="133" valign="top" style='width:99.75pt;padding:0'> 100 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> 100 </td> </tr> </table>   Deferred tax assets for the quarter ending September 30, 2016 are comprised primarily of the following:   <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'>   </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> September 30, 2016 </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'> Net Operating Loss Carryforward </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> $     100,760 </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'> Valuation allowance </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> (100,760) </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'>   </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> $               0 </td> </tr> </table>   At September 30, 2016 the Company had a net operating loss carry forward of approximately $210,000 that may be offset against future taxable income through 2036.  These losses will start to expire in the year 2016 through 2036.  No tax benefit has been reported in the financial statements because the Company believes that it is more likely than not that the carryforwards will expire unused.  The utilization of future losses may be limited under various provisions of the Internal Revenue Code pertaining to continuity of business operations limits and substantial changes in ownership.  Accordingly, the potential tax benefits of the loss carryforwards are offset by a valuation allowance of the same amount.  The valuation allowance increased during the year ended September 30, 2016 by approximately $17,500.

Note 4:  SUBSEQUENT EVENTS   The Company has evaluated subsequent events from the balance sheet date and through the date the financial statements were issued.  During this period the Company did not have any material recognizable subsequent events.

Organization and Operations   Trafalgar Resources, Inc. (the "Company") was incorporated under the laws of the State of Utah on October 25, 1972. The Company is considered a development stage enterprise because since October 1, 2003 it has not commenced operations that have resulted in significant revenue and the Company's efforts have been devoted primarily to activities related to raising capital and attempting to acquire an operating entity.

Cash and Cash Equivalents   The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.

Use of estimates   These financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and require that management make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The use of estimates and assumptions may also affect the reported amounts of revenues and expenses. Actual results could differ from those estimates or assumptions.

Net loss per share of common stock   The loss per share of common stock is computed by dividing the net loss during the period presented by the weighted average number of shares outstanding during that same period.

Income taxes   We account for income taxes in accordance with FASB ASC 740-10-05, Accounting for Income Taxes. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to reverse.  Deferred tax assets will be reflected on the balance sheet when it is determined that it is more likely than not that the asset will be realized.  A valuation allowance has currently been recorded to reduce our deferred tax asset to $0.

Revenue recognition   We will recognize revenue in accordance with FASB ASC 605, Revenue Recognition.  Under FASB ASC 605, revenue is recognized at the point of passage to the customer of title and risk of loss, when there is persuasive evidence of an arrangement, the sales price is determinable, and collection of the resulting receivable is reasonably assured.  We recognize revenue as services are provided.  Revenues are reflected net of coupon discounts.

Fair value of financial instruments   The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties.  The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, and other current assets, accounts payable, taxes payable, accrued expenses and other current liabilities, approximate their fair values because of the short maturity of these instruments.

Going concern   As shown in the accompanying financial statements, the Company had a working capital deficit and a retained deficit incurred through September 30, 2016 which raise substantial doubt about the Companys ability to continue as a going concern.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.  Management intends to seek new capital from a related party to provide needed funds.

New accounting pronouncements   The Company has reviewed Accounting Standards Updates (ASU) through ASU No. 2016-15, which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued.  These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

<table border="1" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse;border:none'> <tr align="left"> <td width="72" valign="top" style='width:.75in;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> 2017 </td> <td width="487" valign="top" style='width:364.95pt;border:solid windowtext 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt'> $130,000 </td> </tr> <tr align="left"> <td width="72" valign="top" style='width:.75in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'> 2018 </td> <td width="487" valign="top" style='width:364.95pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> $30,000 </td> </tr> </table>

<table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'>   </td> <td width="133" valign="top" style='width:99.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Year Ended September 30, 2016 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> Year Ended September 30, 2015 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Income tax expense (benefit) at 35% </td> <td width="133" valign="top" style='width:99.75pt;padding:0'>     $(17,132) </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> $(15,750) </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> State taxes </td> <td width="133" valign="top" style='width:99.75pt;padding:0'> 100 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> 100 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Valuation allowance </td> <td width="133" valign="top" style='width:99.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'>         17,132 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'>    15,755 </td> </tr> <tr align="left"> <td width="293" valign="top" style='width:219.45pt;padding:0'> Total </td> <td width="133" valign="top" style='width:99.75pt;padding:0'> 100 </td> <td width="26" valign="top" style='width:19.5pt;padding:0'>   </td> <td width="145" valign="top" style='width:108.75pt;padding:0'> 100 </td> </tr> </table>

<table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'>   </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> September 30, 2016 </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'> Net Operating Loss Carryforward </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> $     100,760 </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'> Valuation allowance </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> (100,760) </td> </tr> <tr align="left"> <td width="395" valign="top" style='width:296.1pt;padding:0in 5.4pt 0in 5.4pt'>   </td> <td width="152" valign="top" style='width:114.3pt;padding:0in 5.4pt 0in 5.4pt'> $               0 </td> </tr> </table>

77889

190000

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-17132

-15750

100

17132

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100760

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Sep. 30, 2016	Nov. 21, 2016	Mar. 31, 2016
Document and Entity Information:
Entity Registrant Name	Trafalgar Resources, Inc.
Document Type	10-K
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Entity Central Index Key	0001310630
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		5,251,309
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Trading Symbol	tflg
Entity Public Float			$ 253,425

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Trafalgar Resources, Inc. BALANCE SHEETS - USD ($)	Sep. 30, 2016	Sep. 30, 2015
CURRENT ASSETS
Cash	$ 15,191	$ 9,941
Prepaid expenses	2,500	4,000
TOTAL CURRENT ASSETS	17,691	13,941
TOTAL ASSETS	17,691	13,941
CURRENT LIABILITIES
Accounts payable	632	0
Interest payable - related party	77,889	55,822
Income taxes payable	100	100
Note Payable - Related Party - Current	160,000	130,000
TOTAL CURRENT LIABILITIES	238,621	185,922
LONG-TERM LIABILITIES
Notes payable -- Related party (Note 2)	30,000	30,000
TOTAL LIABILITIES	268,621	215,922
STOCKHOLDERS' (DEFICIT)
Common stock no par value, 100,000,000 shares authorized, 5,251,309 shares issued and outstanding	137,413	137,413
Retained (Deficit)	(388,343)	(339,394)
TOTAL STOCKHOLDERS' (DEFICIT)	(250,930)	(201,981)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$ 17,691	$ 13,941

XML 13 R3.htm IDEA: XBRL DOCUMENT

Trafalgar Resources, Inc. Balance Sheet (Parenthetical) - $ / shares	Sep. 30, 2016	Sep. 30, 2015
Statement of Financial Position
Common stock authorized	100,000,000	100,000,000
Common stock no par value	$ 0	$ 0
Common stock outstanding	5,251,309	5,251,309
Common stock issued	5,251,309	5,251,309

XML 14 R4.htm IDEA: XBRL DOCUMENT

Trafalgar Resources, Inc. STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Statement
Income	$ 0	$ 0
Cost of Sales	0	0
GROSS PROFIT	0	0
Expenses
General and Administrative	26,782	25,606
Total Expenses	26,782	25,606
Other Income and (Expenses)
Interest (Expense) - Related Party	(22,067)	(19,320)
Other Income	0	11
Total other Income and (Expense)	(22,067)	(19,309)
(LOSS) BEFORE TAXES	(48,849)	(44,915)
PROVISION FOR TAXES	100	100
NET (LOSS)	$ (48,949)	$ (45,015)
(LOSS) PER COMMON SHARE
Basic and fully diluted loss per weighted average common share outstanding	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding	5,251,309	5,251,309

XML 15 R5.htm IDEA: XBRL DOCUMENT

Trafalgar Resources, Inc. Statements of Stockholders' (Deficit) - USD ($)	Common stock	Retained Deficit	Total
Balance common shares, beginning balance at Sep. 30, 2014	5,251,309	0	5,251,309
Stockholders' Equity, beginning balance at Sep. 30, 2014	$ 137,413	$ (294,379)	$ (156,966)
NET (LOSS)	$ 0	$ (45,015)	$ (45,015)
Balance common shares, ending balance at Sep. 30, 2015	5,251,309	0	5,251,309
Stockholders' Equity, ending balance at Sep. 30, 2015	$ 137,413	$ (339,394)	$ (201,981)
NET (LOSS)	$ 0	$ (48,949)	$ (48,949)
Balance common shares, ending balance at Sep. 30, 2016	5,251,309	0	5,251,309
Stockholders' Equity, ending balance at Sep. 30, 2016	$ 137,413	$ (388,343)	$ (250,930)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

XML 16 R6.htm IDEA: XBRL DOCUMENT

Trafalgar Resources, Inc. STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
OPERATING ACTIVITIES
NET (LOSS)	$ (48,949)	$ (45,015)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:
Increase/(Decrease) Prepaid Expenses	1,500	(4,000)
Increase/(Decrease) Interest payable - related party	22,067	19,320
Increase/(Decrease) Accounts payable	632	(200)
Increase/(Decrease) Income taxes payable	0	0
NET CASH (USED) BY OPERATING ACTIVITIES	(24,750)	(29,895)
FINANCING ACTIVITIES
Notes payable - Related party	30,000	30,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	30,000	30,000
NET INCREASE (DECREASE) IN CASH	5,250	105
CASH AT BEGINNING OF PERIOD	9,941	9,836
CASH AT END OF PERIOD	15,191	9,941
SUPPLEMENTAL CASH FLOW INFORMATION:
CASH PAID FOR TAXES	100	100
CASH PAID FOR INTEREST	$ 0	$ 0

XML 17 R7.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2016

Notes

Summary of Significant Accounting Policies

Note 1: Summary of Significant Accounting Policies

Organization and Operations

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.

Use of estimates

Net loss per share of common stock

The loss per share of common stock is computed by dividing the net loss during the period presented by the weighted average number of shares outstanding during that same period.

Income taxes

Revenue recognition

Fair value of financial instruments

Going concern

New accounting pronouncements

XML 18 R8.htm IDEA: XBRL DOCUMENT

Related Party Transactions

12 Months Ended

Sep. 30, 2016

Notes

Related Party Transactions

NOTE 2: RELATED PARTY TRANSACTIONS

Notes payable – related party are due as follows:

2017	$130,000
2018	$30,000

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

XML 19 R9.htm IDEA: XBRL DOCUMENT

Income Taxes

12 Months Ended

Sep. 30, 2016

Notes

Income Taxes

NOTE 3: INCOME TAXES

The income tax expense (benefit) for the year ended September 30, 2016 differs from the amount computed using the federal statutory rates as follows:

	Year Ended September 30, 2016	Year Ended September 30, 2015
Income tax expense (benefit) at 35%	$(17,132)	$(15,750)
State taxes	100	100
Valuation allowance	17,132	15,755
Total	100	100

Deferred tax assets for the quarter ending September 30, 2016 are comprised primarily of the following:

	September 30, 2016
Net Operating Loss Carryforward	$ 100,760
Valuation allowance	(100,760)
	$ 0

XML 20 R10.htm IDEA: XBRL DOCUMENT

Subsequent Events

12 Months Ended

Sep. 30, 2016

Notes

Subsequent Events

Note 4: SUBSEQUENT EVENTS

XML 21 R11.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2016
Policies
Organization and Operations	Organization and Operations Trafalgar Resources, Inc. (the "Company") was incorporated under the laws of the State of Utah on October 25, 1972. The Company is considered a development stage enterprise because since October 1, 2003 it has not commenced operations that have resulted in significant revenue and the Company's efforts have been devoted primarily to activities related to raising capital and attempting to acquire an operating entity.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents.
Use of Estimates	Use of estimates These financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and require that management make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. The use of estimates and assumptions may also affect the reported amounts of revenues and expenses. Actual results could differ from those estimates or assumptions.
Net Loss Per Share of Common Stock	Net loss per share of common stock The loss per share of common stock is computed by dividing the net loss during the period presented by the weighted average number of shares outstanding during that same period.
Income Taxes	Income taxes We account for income taxes in accordance with FASB ASC 740-10-05, “Accounting for Income Taxes”. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets will be reflected on the balance sheet when it is determined that it is more likely than not that the asset will be realized. A valuation allowance has currently been recorded to reduce our deferred tax asset to $0.
Revenue Recognition	Revenue recognition We will recognize revenue in accordance with FASB ASC 605, “Revenue Recognition.” Under FASB ASC 605, revenue is recognized at the point of passage to the customer of title and risk of loss, when there is persuasive evidence of an arrangement, the sales price is determinable, and collection of the resulting receivable is reasonably assured. We recognize revenue as services are provided. Revenues are reflected net of coupon discounts.
Fair Value of Financial Instruments	Fair value of financial instruments The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, and other current assets, accounts payable, taxes payable, accrued expenses and other current liabilities, approximate their fair values because of the short maturity of these instruments.
Going Concern	Going concern As shown in the accompanying financial statements, the Company had a working capital deficit and a retained deficit incurred through September 30, 2016 which raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Management intends to seek new capital from a related party to provide needed funds.
New Accounting Pronouncements	New accounting pronouncements The Company has reviewed Accounting Standards Updates (“ASU”) through ASU No. 2016-15, which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

XML 22 R12.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Tables)

12 Months Ended

Sep. 30, 2016

Tables/Schedules

Schedule of Long-term Related Notes Payable

2017	$130,000
2018	$30,000

XML 23 R13.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2016

Tables/Schedules

Schedule of Components of Income Tax Expense (Benefit)

	Year Ended September 30, 2016	Year Ended September 30, 2015
Income tax expense (benefit) at 35%	$(17,132)	$(15,750)
State taxes	100	100
Valuation allowance	17,132	15,755
Total	100	100

Schedule of Deferred Tax Assets and Liabilities

	September 30, 2016
Net Operating Loss Carryforward	$ 100,760
Valuation allowance	(100,760)
	$ 0

XML 24 R14.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details)	Sep. 30, 2016 USD ($)
Details
Deferred Tax Assets, Valuation Allowance, Current	$ 0

XML 25 R15.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Sep. 30, 2016	Jan. 05, 2018	Dec. 12, 2016	Feb. 03, 2016	Sep. 30, 2015	May 07, 2015	Mar. 01, 2015	Feb. 03, 2015	Feb. 01, 2015	Mar. 01, 2014	Feb. 01, 2014	Jan. 15, 2014	Feb. 01, 2013	Feb. 28, 2011
Details
Interest payable - related party	$ 77,889				$ 55,822
Notes Payable, Related Parties	$ 190,000
Note 1 amount														$ 10,000
Note 1 interest rate	4.50%
Note 2 amount														10,000
Note 2 interest rate	4.50%
Note 2 Principal and Interest														10,450
Note 3 amount														$ 20,000
Note 3 interest rate	4.50%
Note 3 interest	$ 900
Note 3 principal and interest												$ 20,900
Note 1 Note 2 and Note 3 default interest rate	18.00%
Note 4 amount	$ 10,000
Note 4 interest rate	4.50%
Note 4 interest	$ 450
Note 4 principal and interest						$ 10,450
Note 4 Default Interest Rate	14.00%
Note 5 amount	$ 20,000
Note 5 interest rate	4.75%
Note 5 interest	$ 950
Note 5 principal and interest									$ 20,950
Note 5 Default Interest Rate	12.00%
Note 6 amount	$ 20,000
Note 6 interest rate	8.00%
Note 6 interest													$ 1,600
Note 6 principal and interest											$ 21,600
Note 6 Default Interest Rate	12.00%
Note 7 amount	$ 20,000
Note 7 interest rate	8.00%
Note 7 interest										$ 1,600
Note 7 principal and interest							$ 21,600
Note 7 Default Interest Rate	12.00%
Note 8 amount	$ 20,000
Note 8 interest rate	8.00%
Note 8 interest								$ 1,600
Note 8 principal and interest				$ 21,600
Note 8 Default Interest Rate	12.00%
Note 9 amount	$ 30,000
Note 9 Interest Rate	8.00%
Note 9 Interest			$ 2,400
Note 9 Principal and Interest			$ 32,400
Note 10 Amount	$ 30,000
Note 10 Interest Rate	8.00%
Note 10 Interest		$ 2,400
Note 10 Principal And Interest		$ 32,400
Long-term related note payable 2017	$ 130,000
Long Term Related Note Payable 2018	$ 30,000

XML 26 R16.htm IDEA: XBRL DOCUMENT

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Details
Income Tax Expense (benefit)	$ (17,132)	$ (15,750)
State Taxes	100	100
Valuation allowance	17,132	15,755
PROVISION FOR TAXES	100	$ 100
Net Operating Loss Carryforward	100,760
Valutation allowance	(100,760)
NOL Carryforward	210,000
Change in valuation allowance	$ 17,500

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