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GCAP Globe Capital Limited

0.275
0.00 (0.00%)
21 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Globe Capital Limited AQSE:GCAP Aquis Stock Exchange Ordinary Share KYG394391158 Ordinary shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.275 0.10 0.30 0.275 0.20 0.275 0.00 15:29:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Globe Capital Limited Interim Results to 30 June 2021

15/11/2021 6:44pm

UK Regulatory


 
TIDMGCAP 
 
15 November 
 
                             Globe Capital Limited 
 
                      ("Globe Capital" or the "Company") 
 
           Interim Results for the six months period to 30 June 2021 
 
Chairman's Statement 
 
Globe Capital Limited is pleased to announce its unaudited interim results for 
the 6 months period to 30 June 2021. Operational costs for the period amounted 
to £31k compared to £61k for the 6 months to June 2020. 
 
The Company's investment strategy continues to be that to seek medium-to-long 
term investments in businesses that exhibit growth potential. The Company 
continues to be an active investor in situations where the Company can make a 
clear contribution to the growth and development of the investment. 
 
The Company continues to receive support from its shareholders and loan note 
holders to meet its ongoing costs. 
 
The Company is still well placed to take advantage of any opportunities as they 
arise through 2021 onwards and will continue to look for further fund raising 
opportunities and investments. 
 
15 November 2021 
 
David Barnett 
 
Chairman 
 
Globe Capital Limited 
 
Consolidated Profit and Loss and Other Comprehensive Income 
 
Six months ended 30 June 2021 
 
                                                         6 months          6 months  Year ended 
                                               ended           30   ended           31 December 
                                                        June 2021      30 June 2020        2020 
 
                                                         GBP '000          GBP '000    GBP '000 
 
Revenue                                     -                                                10 
                                                                               10 
 
Cost of services                              -                                 -             - 
 
Gross Profit                                                  -                10            10 
 
Other Income                                                    -                 2           4 
 
Administrative Expenses                                      (31)              (61)       (145) 
 
Finance Costs                                               (3)               (6)           (6) 
 
Loss Before Taxation                           (34)                         (55)          (137) 
 
Taxation                                                      -                               - 
                                                                                - 
 
Other Comprehensive Loss                                      -                               - 
                                                                                - 
 
Loss for the period                            (34)                            (55)       (137) 
 
 
Earning / (Loss) per share 
 
Basic & Diluted (pence)                                  (0.01)p                        (0.05)p 
                                                                       (0.02)p 
 
 
Globe Capital Limited 
 
Consolidated Statement of financial position as at 30 June 2021 
 
                                                            30 June            30 June       31 December 
                                                               2021               2020              2020 
 
                                                           GBP '000           GBP '000          GBP '000 
 
Non-current assets 
 
Property, plant and equipment                                     -                  - - 
 
Goodwill                                           -                -                                - 
 
 
Financial assets at fair value through profit or                 10                  -                 1 
loss 
 
Current assets 
 
Other receivables and prepayments                 8                                 15                 7 
 
Cash and cash equivalents                                 23                        14                17 
 
Other debtors and receivables                                     -                 56                 - 
 
Total Assets                                                    41                  85                25 
 
Current Liabilities 
 
Other payables                                                 145                 66                108 
 
Creditors: falling due after more than one year 
 
Amounts due to directors                                         34                 26                24 
 
Amounts due to a shareholder                                      -                 18                 - 
 
Other payables                                                  121                118               118 
 
Total Liabilities                                               300                228               250 
 
Net Assets                                                    (259)              (143)             (225) 
 
Shareholders' Equity 
 
Share Capital                                                   645  645                             645 
 
 
Reserves                                                      (904)              (788)             (870) 
 
Total Equity                                         (259)              (143)                      (225) 
 
 
Globe Capital Limited 
 
Consolidated Statement of Cash Flows 
 
Period ended 30 June 2021 
 
                                                          6 months          6 months  Year ended 
                                                   ended             ended           31 December 
                                                      30 June 2021      30 June 2020        2020 
 
                                                          GBP '000          GBP '000    GBP '000 
 
Loss before income tax                                        (34)              (55)       (137) 
 
Adjustment: 
 
Depreciation                                                     -                 9           3 
 
Loan receivables written off                                     -                 -          55 
 
Loss on disposal of property, plant and equipment                -                 -           6 
 
Other receivables written off                                    -                 -           7 
 
Interest expenses                                                3                 6           6 
 
Gain on financial assets                                       (9) 
 
Other income                                                     -               (2)         (4) 
 
Operating loss before working capital changes                 (40)              (42)        (64) 
 
Changes in working capital: 
 
Other receivables and prepayments                              (1)                 5           9 
 
Other payables                                                  37              (13)          30 
 
Amounts due to directors                                        10                10           8 
 
Amounts due to shareholders                                      -                18           - 
 
Net cash used in operating activities                            6              (22)        (17) 
 
Cash flows from investing activities 
 
Interest received                                                -                 2           - 
 
Loans receivable                                                 -                29          29 
 
Net cash from investing activities                                                31          29 
 
Increase in cash and cash equivalents                            6           9                12 
 
Cash and cash equivalents at the beginning of the               17                             5 
period                                                                     5 
 
Cash and cash equivalents at end of period                      23                14          17 
 
Cash at Bank C/F                                                23                14          17 
 
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 £34,000 (2020: loss £55,000) by the weighted average number of 
ordinary shares of 255,919,752 (2020: 255,919,752). 
 
The directors of Globe Capital Limited accept responsibility for this 
announcement. 
 
For further information 
 
COMPANY: 
 
Globe Capital Limited 
 
Darren Edmonston 
 
+1-855-280-6793 
 
CORPORATE ADVISER: 
 
Peterhouse Capital Limited 
 
Guy Miller / Mark Anwyl 
 
Tel: +44 (0) 207 469 0930 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 15, 2021 13:44 ET (18:44 GMT)

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