ChallengerX Plc Final Results for the Period Ended 30 June 2023

 
TIDMCXS 
 
ChallengerX plc ("ChallengerX", "CX" or the "Company") 
 
Final Results for the Period Ended 30 June 2023 
 
ChallengerX (AQUIS: CXS), the trading company with principal activity of 
employing both traditional and non- traditional marketing strategies to rapidly 
"professionalise" amateur and semi-professional sports clubs around the world 
announces its Audited Annual Report and financial statements for the year ended 
30 June 2023 (the "Annual Report"). 
 
An extract of the Company's audited report and accounts can be found below. A 
full copy of the Annual Report, 
 
which    should    be    read    in    full,    will    shortly    be 
available    from    the    Company's    website 
 
https://challengerx.io/investors/ and will be sent to all shareholders. 
 
In accordance with Rule 4.3 of the AQSE Growth Market Access Rulebook, the 
Company will announce management statements within one month of the quarter end 
for each quarter until an audit report is published without modification. 
Accordingly, the Company will release the following quarterly reports: 
 
  · A report for the quarter ended 31 December 2023 by 31 January 2024 
  · A report for the quarter ending 31 March 2024 by 30 April 2024 
  · A report for the quarter ending 30 June 2024 by 31 July 2024 
 
This announcement contains inside information for the purposes of the UK Market 
Abuse Regulation and the Directors of the Company are responsible for the 
release of this announcement. 
 
For further information, please contact: 
 
Enquiries: 
 
ChallengerX plc 
John May, Chairman                        [e-mail] 
First Sentinel Corporate Finance          [phone] 
 
AQSE Corporate Adviser Brian Stockbridge 
 
/ Gabrielle Cordeiro 
 
Statement of Comprehensive Income For the period ended 30 June 2023 
 
                               2023                              2022 
 
                               (£'000)                           (£'000 
                                                          £'000  £'000 
Expenses 
Administrative expenses        (392)                             (  279) 
Impairment of investment in    -                                 (   839) 
subsidiary 
                                                                 ) 
Impairment of loan             -                                 (   118) 
Operating loss                 (392)                             (1,236) 
(Loss) before tax              (392)                             (1,236) 
Taxation                       -                                 - 
(Loss) for the financial       (392)                             (1,236) 
year 
Total comprehensive loss       (392)                             (1,236) 
(Loss) per share (pence)       (0.13) 
from continuing operations 
attributable to owners of                                        (0.47) 
the company - basic & 
diluted 
 
Statement of Financial Position As at 30 June 2023 
 
                                2023               2022 
 
                                                   (£'000 
                                £'000              £'000 
ASSETS 
Current assets 
Trade and other receivables     15                 7 
Cash and cash equivalents       48                 385 
Total current assets            63                 392 
TOTAL ASSETS                    63                 392 
 
LIABILITES AND EQUITY 
Current liabilities 
Trade and other payables        96                 110 
Total current liabilities       96                 110 
Capital and reserves 
Share capital                   343                288 
Share premium                   1,252              1,230 
Retained earnings               (1,628)            (1,236) 
Total equity                    (33)               282 
TOTAL LIABILITIES AND EQUITY                   63  392 
 
The financial statements were approved by the Board of Directors on 20 December 
2023 and signed on its behalf 
 
John May 
 
Director 
 
Statement of Changes in Equity For the period ended 30 June 2023 
 
                 Share capital  Share premium  Retained earnings  Total 
 
                 £'000          £'000          £'000              £'000 
Balance as at 1  288            1,230          (1,236)            282 
July 2022 
(Loss) for the   -              -              (392)              (392) 
year 
Total            - 
comprehensive 
income 
Issue of shares  55             22             -                  77 
(net of costs) 
Total            55             22             -                  77 
transaction 
with owners 
As at 30 June    343            1,252          (1,628)            (33) 
2023 
 
                 Share capital  Share premium  Retained earnings  Total 
 
                 £'000          £'000          £'000              £'000 
(Loss) for the   -              -              (1,236)            (1,236) 
year 
Total            -              -              (1,236)            (1,236) 
comprehensive 
income 
Issue of shares  288            1,230          -                  1,518 
(net of costs) 
Total            288            1,230          -                  1,518 
transaction 
with owners 
As at 30 June    288            1,230          (1,236)            282 
2022 
 
Statement of Cash Flows 
 
For the period ended 30 June 2023 
 
                                                 2023   2022 
 
                                                 £'000  £'000 
Cash from operating activities 
(Loss) before tax                                (392)  (1,236) 
Adjustments for: 
(Increase) in trade and other receivables        (8)    (7) 
(Decrease)/Increase in trade and other payables  (14)   110 
Net cash used in operating activities            (414)  (1,133) 
Cash flows from financing activities 
Proceeds from issue of shares                    82     1,518 
 
Adjustment to share issue cost                   (5)    - 
Net cash provided by financing activities        77     1,518 
Net cash flows for the year                      (337)  385 
Cash and cash equivalents at beginning of year   385    - 
Cash and cash equivalents at end of year         48     385 
Net change in cash and cash equivalents          (337)  385 
Cash and cash equivalents comprise:              48     385 
 
Cash at bank and in hand 
 
 
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END 
 
 

(END) Dow Jones Newswires

December 21, 2023 11:38 ET (16:38 GMT)