Audited Results to 30 September 2022 and Notice of AGM

Gledhow Investments plc (GDH) Audited Results to 30 September 2022 and Notice of AGM 01-Feb-2023 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1 February 2023

Gledhow Investments plc

("Gledhow" or the "Company")

AQSE: GDH

Audited Final Results to 30 September 2022

Notice of Annual General Meeting The Company is pleased to present the Annual Report and Financial Statements for the year ended 30 September 2022. The directors continue to follow the same investment strategy, namely to invest in small to medium sized undervalued or fast growing companies, with the investment objective of achieving long term capital growth in excess of the FTSE All Share Index. The Company had cash of GBP111,937 at the year-end (2021: GBP524,643). The pre-tax loss was GBP1,064,259 (2021: pre-tax profit of GBP841,890). During the year, on 25 February 2022, the Company bought back 9,949,084 Ordinary Shares to be held in treasury at 1.75 pence per share In what proved to be a difficult year in the stock market, the book value of the Company's investments declined by GBP920,657. The Company has continued to build up positions in AIM, LSE and Aquis Exchange traded companies, including those companies at early stages of development, and some pre-IPO investments. Of the companies in the portfolio at the year end, the Company held approximately 36% in AQSE Growth Market companies, approximately 56% in AIM and LSE quoted/listed companies, and a small percentage in private companies, having invested on a pre-IPO basis. The Directors caution that there is a historically perceived lack of liquidity generally in AQSE Growth Market traded companies and that these investments may not be readily realisable into cash. The Company does not recommend the payment of a dividend for the year end to 30 September 2022. The Notice of Annual General Meeting is set out at the back of the annual report and accounts, and can be found at the end of this announcement. The full audited financial results to 30 September 2022 will shortly be availably on the Company website at http:// www.gledhowinvestments.com/ G R Miller

Managing Director

31 January 2023

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Guy Miller: + 44 (0) 7220 9795 (Gledhow Investments plc) Statement of Comprehensive Income for the year ended 30 September 2022

                                                  2022        2021 
 
                                                  GBP           GBP 
Turnover                                          1,017,032   1,909,593 
Cost of sales                                     (2,010,355) (948,341) 
 
Gross (loss)/profit 
                                                  (993,323)   961,252 
Administrative expenses                           (70,936)    (119,632) 
 
(Loss)/profit before taxation 
                                                  (1,064,259) 841,890 
Taxation                                          159,911     (159,959) 
 
(Loss)/profit for the financial year 
                                                  (904,348)   681,931 
Total comprehensive (loss)/income for the year    (904,348)   681,931 
Basic (loss)/profit per share (pence)             (0.99)p     1.05p 
Diluted (loss)/profit per share (pence)           (0.99)p     1.05p 

The income statement has been prepared on the basis that all operations are continuing operations. Statement of Financial Position as at 30 September 2022

                                                               2022      2021 
 
                                                               GBP         GBP 
Current assets 
Investments held for resale                                    1,440,043 2,356,250 
Debtors                                                        165,059   108,456 
Cash at bank and in hand                                       111,937   524,643 
 
 
                                                               1,717,039 2,989,349 
Creditors: amounts falling due within one year                 (18,886)  (212,713) 
 
Net current assets and total assets less current liabilities 
                                                               1,698,153 2,776,636 
 
Capital and reserves 
 
Called up share capital 
                                                               975,714   975,714 
Share premium account                                          384,408   384,408 
Profit and loss account                                        288,063   1,366,546 
Other reserve                                                  49,968    49,968 
 
Shareholders' funds - equity interests 
                                                               1,698,153 2,776,636 

The financial statements were approved by the Board and authorised for issue on 31 January 2023. G R Miller

Director

Company No. 03848331 Statement of Changes in Equity for the year ended 30 September 2022

 
                                                                              Profit and loss 
                                                    Share         Share       reserve             Other 
                                                    capital       premium                         reserve 
                                                                              GBP                               Total 
                                                    GBP             GBP                               GBP 
                                                                                                              GBP 
Balance at 1 October 2020                           490,000       71,122      640,513             94,070      1,295,705 
Year ended 30 September 2021: 
 
Profit for the year                                 -             -           681,931             -           681,931 
 
 
Total comprehensive income for the year 
                                                    - 
                                                                  -           681,931             -           681,931 
 
 
Credit to equity for equity settled share based 
payments                                            - 
                                                                  -                                           - 
Transfer of share-based payment reserve on lapsed                             - 44,102            - (44,102) 
warrants 
                                                    - 
                                                                  -                                           - 
 
Share issue                                         485,714 
                                                                  364,286     -                   -           850,000 
Share issue expenses                                -             (51,000)    -                   -           (51,000) 
 
Balance at 30 September 2021                        975,714 
                                                                  384,408     1,366,546           49,968      2,776,636 
 
Year ended 30 September 2022: 
 
Loss for the year                                   - 
                                                                  -           (904,348)           -           (904,348) 
 
 
Total comprehensive loss for the year 
                                                    - 
                                                                  -           (904,348)           -           (904,348) 
 
Credit to equity for equity settled share based 
payments 
                                                    - 
                                                                  -           -                   -           - 
Share buy back - held in treasury                   -             -           (174,135)           -           (174,135) 
 
Balance at 30 September 2022                        975,714 
                                                                  384,408     288,063             49,968      1,698,153 

Statement of Cash Flows for the year ended 30 September 2022

                                                         2022        2021 
 
                                                         GBP           GBP 
Cash flows from operating activities 
Cash used in operations                                  (1,448)     (254,684) 
Taxation paid                                            (160,010)   (96,460) 
 
Net cash outflow from operating activities 
                                                         (161,458)   (351,144) 
Investing activities 
Proceeds from disposal of investments                    1,017,032   1,909,593 
Purchase of investments                                  (1,094,145) (2,215,202) 
Dividends received                                       -           - 
 
Net cash used in investing activities 
                                                         (77,113)    (305,609) 
Financing activities 
Net proceeds from issue of shares                        -           799,000 
Share buy back - held in treasury                        (174,135)   - 
 
Net cash (used in)/generated from financing activities 
                                                         (174,135)   799,000 
 
Net (decrease)/increase in cash and cash equivalents 
                                                         (412,706)   142,247 
Cash and cash equivalents at beginning of year           524,643     382,396 
 
Cash and cash equivalents at end of year 
                                                         111,937     524,643 
 
Relating to: 
 
Cash at bank and in hand 
                                                         111,937     524,743 

Notice of Annual General Meeting

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