30th
("
Interim Results for the nine months period to
Chairman’s Statement
At the start of the year, the Company realigned its investment focus towards the retail sector with an emphasis on menswear. Following which, the Company made its maiden investment with a 25% interest in
In
The Board continues to review potential acquisitions which is reliant on new investment being achieved by virtue of equity or loan capital.
The company continues to be supported by loans arranged by the company’s directors.
Further announcements will be made in due course.
Chairman
Statement of Comprehensive Income
Nine months ended
9 months ended 6 months ended 6 months Year
30 September 30 June 2016 ended ended
2016 30 June 31 December
2015 2015
GBP '000 GBP '000 GBP '000 GBP '000
Revenue - - - -
Other Income - - - -
Gross Profit - - - -
Administrative Expenses (105) (85) (56) (129)
Profit / (Loss) from (105) (85) (56) (129)
Operations
Finance Costs - - - -
Profit / (Loss) Before (105) (85) (56) (129)
Taxation
Taxation - - - -
Other Comprehensive Loss - - - -
Profit / (Loss) for the (105) (85) (56) (129)
period
Earning / (Loss) per share
Basic & Diluted (pence) (0.12)p (0.10)p (0.08)p (0.17)p
Balance Sheet as at
30 September 30 June 30 June 31 December
2016 2016 2015 2015
GBP '000 GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment - - 17 6
Investments 14 14 - -
Current assets
Prepayments 5 6 3 -
Cash and cash equivalents 5 4 11 10
Total Assets 24 24 31 16
Current Liabilities
Trade and other payables 23 38 7 65
Financial Liabilities - Borrowings - - - -
Creditors: falling due after more
Than one year
Loans 35 - - -
Total Liabilities 58 38 7 65
Net Assets (34) (14) 24 (49)
Shareholders' Equity
Share Capital 639 639 627 627
Reserves (673) (653) (603) (676)
Total Equity (34) (14) 24 (49)
Statement of Cash Flows
Period ended
9 months ended 6 months ended 6 months ended
30 September 2016 30 June 2016 30 June 2015 Year ended
31 December
2015
GBP '000 GBP '000 GBP '000 GBP '000
Profit/(Loss) before (105) (85) (56) (129)
tax
Adjustment:
Other income - - - -
Depreciation 6 6 11 22
Operating profit/ (99) (79) (44) (107)
(loss)
Cash flows from
operating activities
(Increase)/decrease (5) (6) (3) 1
in trade and other
receivables
Increase/(decrease) (7) (27) (1) 57
in trade and other
payables
Share based payments 20 20 - -
Cash utilised in (91) (92) (48) (49)
operations
Cash flows from
investing activities
Bank interest - - - -
received
Purchase of (14) (14) - -
investments
Net cash from (14) (14) - -
investing activities
Cash flows from
financing activities
Issue of new shares 100 100 - -
Net cash from 100 100 - -
financing activities
(Decrease)/increase (5) (6) (48) (49)
in cash and cash
equivalents
Cash and cash 10 10 59 59
equivalents at the
beginning of the
period
Cash and cash 5 4 11 10
equivalents at end
of period
Cash at Bank C/F 4 4 11 10
The financial information set out above has not been reviewed or audited by the company's auditors.
Basic and diluted profit per share is calculated by dividing the loss for the period of £105,000 (
The directors of
For further information:
+44 (0)20 3286 6388
CORPORATE ADVISER AND CONTACT DETAILS:
Telephone: +44 (0) 20 7448 9820
