First Half Results to 31
|
|
Six months to |
Six months to |
Turnover
|
|
|
Proceeds from sale of investments |
286,734 |
292,891 |
Cost of sales (including unrealised losses and gains on investments held for resale) |
(342,362) |
(120,324) |
|
|
|
Gross (loss) / profit |
(55,628) |
172,567 |
|
|
|
Administrative expenses |
(2,627) |
(17,805) |
|
|
|
(Loss) / profit on ordinary activities before tax |
(58,255) |
154,762 |
Taxation |
- |
- |
|
|
|
(Loss) / profit for the period |
(58,255) |
154,762 |
|
|
|
(Loss) / Earnings per share - Basic (pence) |
(0.12p) |
0.32 |
Balance Sheet as at 31
|
2019 |
2018 |
|
£ |
|
Current assets |
|
|
Investments held for resale |
651,263 |
716,005 |
Debtors |
4,080 |
- |
Cash at bank and in hand |
85,890 |
172,029 |
|
|
|
|
741,233 |
888,034 |
|
|
|
Creditors: amounts falling due within one year
|
(6,366) |
(18,820) |
|
|
|
Net current assets and total assets less current liabilities |
734,867 |
869,214 |
|
|
|
Capital and reserves
|
|
|
Called up share capital |
490,000 |
490,000 |
Share premium account |
71,122 |
71,122 |
Profit and loss account |
79,675 |
263,990 |
Other reserve |
94,070 |
44,102 |
|
|
|
|
|
|
Shareholders' funds - equity interests |
734,867 |
869,214 |
|
|
|
Notes
1. The interim results together with the related notes set out below have been approved by the board of directors of Gledhow
2. The Company's strategy is to make short to medium term investments in small to medium sized quoted or unquoted companies. These investments are carried in the accounts as current asset investments and are valued at lower of cost and net realisable value.
3. The financial results detailed above are unaudited, and have been reviewed by the auditors of the Company.
4. Earnings per share - Basic
The (loss)/earnings per share for the six months ended 31
5. The financial information in this report does not constitute Statutory Accounts within the meaning of Section 434 of the Companies Act 2006. The financial statements for the year ended 30 September 2018 have been delivered to the Registrar of Companies and the auditors' report on those financial statements was unqualified and did not contain a statement made under Section 498(2) or Section 498(3) of the Companies Act 2006.
.
ISIN: | GB0008842717 |
Category Code: | MSCM |
LSE Ticker: | GDH |
Sequence No.: | 8530 |
EQS News ID: | 808015 |
End of Announcement |
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