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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Levrett | LSE:LVRT | London | Ordinary Share | GB00BYW79Y38 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMLVRT
RNS Number : 5001T
Levrett PLC
13 October 2017
Levrett Plc
("Levrett" or the "Company")
Interim Results
for the period ended 30 September 2017
Levrett, a company formed to acquire a target company with realisable or developed commercial technologies in the pharmaceutical and biotechnology sector, announces its interim results for the period ended 30 September 2017.
For further information please contact:
Levrett plc John Lidgey - Chairman +44 (0)20 7183 4342 Whitman Howard Limited Financial Advisor to Levrett Nick Lovering +44 (0)20 7659 1234 Gable Communications +44 (0)20 7193 7463 Ltd John Bick levrett@gablecommunications.com
CHAIRMAN'S STATEMENT
FOR THE PERIODED 30 September 2017
Introduction
These are the results for Levrett Plc for the interim period ended 30 September 2017.
The company was incorporated on 10 June 2015 and was admitted to the Official List of the UK Listing Authority on 17 December 2015.
Financial review
In the six months to 30 September 2017, the Company recorded a loss for the period of GBP77,504 (a loss per share of 0.08 pence). This includes certain fees in relation to the identification of Nuformix Limited as a possible acquisition target, due diligence and advisory fees related to the transaction.
F J Lidgey
Chairman
13 October 2017
LEVRETT PLC
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIODED 30 September 2017
Hot Features
Premium
Unaudited Unaudited Audited
period period year
ended ended ended
30 September 30 September 31 March
2017 2016 2017
GBP GBP GBP
Revenue - - -
Administrative expenses (77,504) (510,957) (685,057)
------------- ------------
LOSS BEFORE TAX (77,504) (510,957) (685,057)
Tax - - -
LOSS FOR THE PERIOD (77,504) (510,957) (685,057)
------------- ------------- ------------
Other comprehensive - - -
income/(expense)
TOTAL COMPREHENSIVE
EXPENSE
FOR THE PERIOD (77,504) (510,957) (685,057)
============= ============= ============
Loss before tax and total comprehensive expense for the period are all attributable to the equity shareholders of the company.
Loss per share
Basic and diluted (0.53) (0.72)
(pence) (0.08) p p p
========= ======= =======
LEVRETT PLC
INTERIM STATEMENT OF FINANCIAL POSITION
FOR THE PERIODED 30 September 2017
Unaudited Unaudited Audited
30 September 30 September 31 March
2017 2016 2017
Notes GBP GBP GBP
ASSETS
Current assets
Trade and other receivables 142,556 35,310 13,727
Cash and cash equivalents 699 111,358 5,895
------------- ------------- ------------
143,255 146,668 19,622
TOTAL ASSETS 143,255 146,668 19,622
============= ============= ============
EQUITY AND LIABILITIES
Equity
Share capital 3 95,750 95,750 95,750
Share premium account 737,440 734,315 737,440
Share Option Reserve 22,695 22,695 22,695
Retained earnings (1,112,981) (861,376) (1,035,477)
Total equity attributable
to equity holders of
the parent (257,096) (8,616) (179,592)
------------- ------------- ------------
Current liabilities
Trade and other payables 400,351 155,284 199,214
TOTAL LIABILITIES 400,351 155,284 199,214
------------- ------------- ------------
TOTAL EQUITY AND LIABILITIES 143,255 146,668 19,622
============= ============= ============
LEVRETT PLC
INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIODED 30 September 2017
Share
Share Premium Share Retained
Option
capital account Reserve earnings Total
GBP GBP GBP GBP GBP
On Incorporation - - - - -
Total comprehensive
expense to date - - - (861,376) (861,376)
Shares issued 95,750 734,315 22,695 - 852,760
Unaudited at
30 September
2016 95,750 734,315 22,695 (861,376) (8,616)
Total comprehensive
expense to 31
March 2017 - - - (174,101) (174,101)
Grant of share
options - 3,125 - - 3,125
Audited at 31
March 2017 95,750 737,440 22,695 (1,035,477) (179,592)
Total comprehensive
expense for period - - - (77,504) (77,504)
Shares issued - - - - -
Unaudited at
30 September
2017 95,750 737,440 22,695 (1,112,981) (257,096)
All equity is attributable to equity shareholders of the company.
Share premium
Represents amounts subscribed for share capital in excess of its nominal value, net of directly attributable issue costs.
LEVRETT PLC
INTERIM STATEMENT OF CASH FLOWS
FOR THE PERIODED 30 September 2017
Unaudited Unaudited Audited
period ended period ended Year ended
30 September 30 September 31 March
2017 2016 2017
GBP GBP GBP
Operating activities
Loss before tax (77,504) (510,957) (685,057)
Changes in working
capital:
Share Issue, option
of warrants - - 3,125
(Increase)/ Decrease
in trade and other
receivables (128,829) 7,268 28,851
Increase in trade
and other payables 201,137 112,834 156,763
Net cash used in operating
activities (5,196) (390,855) (496,318)
Financing activities
Share issue - - -
Net cash generated
from financing activities (5,196) (390,855) (496,318)
Taxation - - -
Net decrease in cash
and cash equivalents (5,196) (390,855) (496,318)
Cash and cash equivalents
at the start of the
period 5,895 502,213 502,213
------------- ------------- -----------
Cash and cash equivalents
at the end of the period 699 111,358 5,895
============= ============= ===========
LEVRETT PLC
NOTES TO THE INTERIM FINANCIAL INFORMATION
FOR THE PERIODED 30 September 2017
1 General information
Levrett Plc is a publicly listed company incorporated and domiciled in England. The address of its registered office is Suite 31, 2(nd) Floor, 107 Cheapside, London. EC2V 6DN.
The Company is listed on the Official List.
This interim financial information was approved for issue on 13 October 2017.
2 Accounting policies 2.1 Basis of preparation
The interim financial information comprises the Statements of Financial Position at 30 September 2017, the Statements of Comprehensive Income, Changes in Equity and Cash Flows for the period ended 30 September 2017 and the related notes of Levrett Plc, (hereinafter referred to as "the interim financial information").
The interim financial information has been prepared in accordance with IAS 34, 'Interim Financial Reporting' as adopted by the European Union. In preparing this information, management have used the accounting policies set by the Company. The auditors' report on the full statutory accounts for the year ended 31 March 2017 included an Emphasis of Matter paragraph with regards to going concern. The accounts for the year ended 31 March 2017 have been filed with the Registrar of Companies.
This interim financial information does not constitute a set of statutory accounts under the requirements of the Companies Act 2006 and is neither audited nor reviewed.
This document (the Interim Statement 2017) will be published on the company's website and will be publicly available from the London Stock Exchange regulatory publications. The maintenance and integrity of the Levrett Plc website is the responsibility of the directors. Legislation in the UK governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.
2.2 Going concern
These financial statements have been prepared on the going concern basis based on the current cash flow projections for the following twelve months. In particular, the directors have assumed that the acquisition of Nuformix Limited and the placing of ordinary shares will be approved by the Company's shareholders on 13 October 2017.
LEVRETT PLC
NOTES TO THE INTERIM FINANCIAL INFORMATION
FOR THE PERIOD ENDED 30 September 2017
3 Share capital Unaudited Unaudited Audited
period ended period year
ended ended
30 September 30 September 31 March
2017 2016 2017
GBP GBP GBP
Issued and
fully paid
95,750,000 Ordinary
shares issued of GBP0.001
each 95,750 95,750 95,750
------------- ------------- ---------
95,750 95,750 95,750
============= ============= =========
On Admission to the Official List, 45,750,000 of the above issued share capital was placed at a price of GBP0.02 per share with the premium (net of the issue costs) being shown in the share premium account.
Dividends paid
4 and proposed
Equity dividends
on ordinary shares:
No interim dividend was paid or is proposed
for the period ended 30 September 2017.
Loss per
5 share
The calculations of loss per share are based on the following results and number of shares:
Unaudited Unaudited Audited
period ended period year ended
ended
30 September 30 September 31 March
2017 2016 2017
GBP GBP GBP
Loss for the
financial period (77,504) (510,957) (685,057)
==================== ============= ===========
Weighted average
number of shares
for diluted loss
per share 95,750,000 95,750,000 95,750,000
==================== ============= ===========
At 30 September 2017, the number of ordinary shares in issue was 95,750,000.
LEVRETT PLC
DIRECTORS AND OFFICERS
Directors P D Hughes
F J Lidgey
A H Reeves
Secretary St James Corporate Services
Limited
Company Number 09632100
Registered office Suite 31
2(nd) Floor, 107 Cheapside
London
EC2V 6DN
www.levrett.com
Broker & Corporate Whitman Howard Limited
Broker 1(st) Floor, Connaught House
1-3 Mount Street
London
W1K 3NB
Auditors haysmacintyre
26 Red Lion Square
London
WC1R 4AG
Solicitors Shakespeare Martineau LLP
One America Square
Crosswall
London
EC3N 2SG
Registrars Capita Registrars Limited
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR MMMMGMZGGNZZ
(END) Dow Jones Newswires
October 13, 2017 02:00 ET (06:00 GMT)
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