Interim Results

RNS Number:7342A
Ardent Group PLC
31 March 2006


EMBARGOED FOR RELEASE AT 7.30AM 31 March 2006

Ardent Group plc

31 March 2006

                                ARDENT GROUP PLC

                                INTERIM RESULTS


Chairman's statement for the period ended 31 December 2005

These interim accounts for Ardent Group plc ('Ardent') show the results for the
6 months ended 31 December 2005. The Company made an operating loss of #75,412
and had net assets of #904,414 at the period end.


On 30 March 2006, trading in shares in Ardent was suspended following the
announcement of advanced discussions which, if concluded successfully, would
lead to an acquisition which would be classified as a reverse takeover under the
AIM Rules.


In the Admission Document dated 31 March 2006, Ardent is pleased to announce the
proposed acquisition of Shared Home Investment Plan Public Limited Company. Full
details of the proposed acquisition are set out in the Admission Document.


Chris Akers

Non-executive Chairman







Unaudited Profit and Loss Account

For the period ended 31 December 2005


                                   6 months to 31 6 months to 31 12 months to 30
                                    December 2005  December 2004       June 2005
                                    (unaudited)    (unaudited)       (audited)
                                              #              #               #

Turnover                                      -              -               -

Cost of sales                                 -              -               -

Gross profit                                  -              -               -

Administrative expenses                 (75,412)       (85,540)       (160,987)
                                       ----------     ----------       ---------
Operating loss                          (75,412)       (85,540)       (160,987)

Interest receivable                      12,088         13,918          26,698
                                       ----------     ----------       ---------
Loss on ordinary activities before      (63,324)       (71,621)       (134,288)
taxation

Tax on profit on ordinary                     -              -               -
activities
                                       ----------     ----------       ---------
Loss for the period                     (63,324)       (71,621)       (134,288)
                                       ----------     ----------       ---------

All transactions arise from continuing operations.



Unaudited Balance Sheet

As at 31 December 2005


                                                           2005           2004
                                                              #              #
Fixed assets                                                  -              -

Current assets
Debtors                                                  13,214         13,918
Cash at bank and in hand                                942,265      1,063,577
                                                        -------        -------
                                                        955,479      1,077,495

Creditors: amounts falling due within one year          (51,065)       (43,681)

Net current assets                                      904,414      1,033,815
                                                        -------        -------
Total assets less current liabilities                   904,414      1,033,815

Capital and reserves
Called up share capital                                 118,750        118,750
Share premium account                                   986,686        986,686
Profit and loss account                                (201,022)       (71,621)
                                                        -------        -------
Equity shareholders' funds                              904,414      1,033,815



Unaudited Cashflow Statement

For the period ended 31 December 2005


                                 6 months to 31   6 months to 31 12 months ended
                                  December 2005    December 2004    30 June 2005
                                    (unaudited)      (unaudited)       (audited)
                                              #              #

Net cash inflow outflow from            (65,995)       (41,859)       (122,749)
operating activities

Returns on investments and
servicing of finance
Bank interest receivable                 14,800              -          10,773

Management of liquid resoures                                         (987,000)

Financing
Issue of new shares                           -      1,200,000       1,200,000
Costs of share issue                          -        (94,564)        (94,564)
Net cash inflow from financing                -      1,105,436       1,105,436
                                        ---------     --------        --------
(Decrease) / Increase in cash           (51,195)     1,063,577           6,460



The unaudited interim statement was approved by the board of Directors on 30th
March 2006.








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