30th
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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
