(“Angelfish” or “the Company”)
Interim Results for the Half-Year to
The Board of
Statement by the Board
During the Period the Company continued with its revised investment strategy to invest in a range of early stage companies seeking seed or follow on funding, where the Directors perceive the opportunity for significant growth, in the service and technology sectors, including products related to social or life enhancement
The Company continues to hold its loan and investment in
Following the end of the period, in
Angelfish is currently exploring existing and additional funding sources and investment opportunities which will give the Company the springboard to continue to pursue its investment strategy and thereby continue growing its investment portfolio.
No interim dividend on ordinary shares is to be paid in relation to the Period. No interim dividend on ordinary shares was paid in relation to the six months to
On behalf of the Board
INTERIM INCOME STATEMENT (UNAUDITED)
For the period ended
Angelfish Investments plc 6 mths to 6 mths to 30 June 30 June 2018 2017 £ GBP £ GBP Revenue 0 0 Cost of Sales 0 0 Gross Profit/(Loss) 0 0 Other Operating Income 17,000 3,000 Administrative Expenses (57,294) (69,054) Loss before Investment Activities (40,294) (66,054) Fair Value of Receivables through Profit and Loss 438,441 0 Costs of Aborted Transaction 0 (62,982) Interest Income 83,265 20,828 Interest Payable at 7.1% on Preference Shares (80,026) (80,026) Profit/(Loss) before Amortisation of Preference Shares 401,386 (188,234) Amortisation of Preference Shares (225,147) (292,282) Profit/(Loss) before Taxation 176,239 (480,516) Taxation Expense 0 0 Total Comprehensive Income attributable to Equity Holders 176,239 (480,516) of the Company
STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
Angelfish Investments plc As at As at 30 June 30 June 2018 2017 £ GBP £ GBP Assets Non-current assets Property, plant and equipment 0 0 Goodwill 0 0 Other intangibles 0 0 Investments 565,097 0 565,097 0 Current assets Trade and other receivables 1,481,868 44,152 Cash and cash equivalents 358,444 1,032,772 1,840,312 1,076,924 Total assets 2,405,409 1,076,924 Equity and liabilities Equity Issued share capital 71,008 71,008 Share premium 0 0 Retained earnings 1,209,349 294,783 1,280,357 365,791 Non current liabilities Loans and borrowings 1,016,272 633,093 Current liabilities Trade and other payables 108,780 78,040 Total liabilities 1,125,052 711,133 Total equity and liabilities 2,405,409 1,076,924
1. The above financial information was approved by the Board on
2. The above financial information is unaudited and does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.
3. There have not been any changes in accounting policies which affect the validity of the comparison of the financial information presented for the period to
4. The information in this announcement has not been reviewed by the Company’s auditor.
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.
Angelfish Investments Plc Andrew Flitcroft+44 (0)7769 591096 Finance Director Cairn Financial Advisers LLPNEX Exchange Corporate Adviser David Coffman/ Richard Nash+44 (0)207 213 0880
The Company’s Ordinary Shares and Preference Shares are admitted to trading on the NEX Exchange Growth Market in