Interim Management Statement

 
TIDMDPV5 
 
Downing Protected VCT V plc 
Interim Management Statement for the three months ended 31 August 
2009 
 
In accordance with Rule 4.3 of the Disclosure and Transparency  Rules 
of the UK Listing Authority, Downing Protected VCT V plc presents  an 
Interim Management  Statement for  the three  month period  ended  31 
August  2009.   The  statement   also  includes  relevant   financial 
information between  the end  of  the period  and  the date  of  this 
statement. 
 
Dividends paid or declared in the period 
No dividends were paid or declared in the period. 
 
Performance 
 
                                31 Aug     31 May 
                                  2009       2009 
                                 Pence      Pence 
Net Asset Value ("NAV")           89.4       89.7 
Cumulative Dividends               6.0        6.0 
Total Return *                    95.4       95.7 
* NAV plus cumulative dividends paid since launch 
 
 
Investment portfolio summary at 31 August 2009 
 
                                                            Valuation 
                                                             movement 
                                                                since 
                                           Cost Valuation 31 May 2009 
                                          GBP'000     GBP'000       GBP'000 
VCT Qualifying Investments 
Cadbury House Limited                     3,000     3,000           - 
West Tower Holdings Limited               1,750     1,750           - 
Heyford Contracting (South) Limited       1,500     1,500           - 
Hoole Hall Country Club Holdings 
Limited                                   1,625     1,625           - 
The Really Fine Leisure Company Limited   1,000     1,000           - 
Heyford Contracting (North) Limited       1,038     1,038           - 
Hoole Hall Spa and Leisure Club Limited   1,000     1,000 
Nu Nu plc                                 1,000     1,000           - 
Future Films Production Services 
Limited                                     825       825           - 
Liongold Contracting Limited                434       434           - 
Richstone Contracting Limited               950       380           - 
                                         14,122    13,552           - 
Non Qualifying Investments 
Hoole Hall Hotel Limited                  1,250     1,250           - 
Aminghurst Limited                          992       992           - 
Heyford Homes VCT Limited                   300       300           - 
Sanguine Hospitality Limited                243       243           - 
Heyford Contracting (South) Limited         150       150           - 
The Really Fine Leisure Company Limited     100       100 
Coastal Partnerships Limited                 75        75           - 
Chapel Street Hotel (2008) LLP               63        63           - 
Vermont Developments Limited                903        50           - 
Future Films Production Services 
Limited                                      25        25           - 
Chapel Street Hotel Limited                   2         2           - 
                                          4,103     3,250           - 
 
                                         18,225    16,802           - 
 
 
 
Investment additions during the 3 months ended 31 August 2009 
 
The company made no additions in the 3 months ended 31 August 2009. 
 
Since 1 September 2009 the Company has made five new investments as 
follows: 
 
 
                             GBP'000 
Pub People Freeholds Limited   700 
Hoi Polloi Pub Co Limited      164 
Atlantic Dogstar Limited       150 
East Dulwich Tavern Limited    319 
Westow House Limited           281 
 
 
 
Investment disposals during 3 months ended 31 August 2009 
 
                                   Market              Gain/    Total 
                                 value at             (loss) realised 
                                   1 June  Disposal  against    gain/ 
                            Cost     2009  Proceeds     cost   (loss) 
                           GBP'000    GBP'000     GBP'000    GBP'000    GBP'000 
Richstone Contracting 
Limited                    1,592    1,592     1,592        -        - 
Vermont Developments 
Limited                        1        1         -      (1)      (1) 
Future Films Production 
Services Limited               2        2         2        -        - 
                           1,595    1,595     1,594      (1)      (1) 
 
 
The Company made the following disposals between 1 September 2009 and 
the date of this statement: 
 
 
                                   Market              Gain/    Total 
                                 value at             (loss) realised 
                                   1 Sept  Disposal  against    gain/ 
                            Cost   2009 *  Proceeds     cost   (loss) 
                           GBP'000    GBP'000     GBP'000    GBP'000    GBP'000 
Future Films Production 
Services Limited             375      375       375        -        - 
Pub People Freeholds 
Limited                      700      700       700        -        - 
 
*  adjusted for subsequent purchases 
 
Changes to share capital 
On 7 August 2009, the Company purchased 61,629 of its own shares  for 
cancellation at a price of 67p per share. 
 
Material events 
Other than described above, there were no material events during  the 
period from 1 June  2009 to 31  August 2009 or in  the period from  1 
September 2009 to the date of this announcement. 
 
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solely responsible for the content of this announcement.