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HRIP Hot Rocks Investments plc

0.225
0.00 (0.00%)
13 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Hot Rocks Investments plc AQSE:HRIP Aquis Stock Exchange Ordinary Share GB00B1WV3198
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.225 0.05 0.50 0.30 0.225 0.225 0.00 15:29:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hot Rocks Investments PLC Interim Results to 30 September 2022 - Replacement (3071S)

08/03/2023 10:23am

UK Regulatory


Hot Rocks Investments (AQSE:HRIP)
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From Dec 2022 to Dec 2024

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TIDMHRIP

RNS Number : 3071S

Hot Rocks Investments PLC

08 March 2023

The announcement released on 07/03/23 at 18:29 under RNS No 2115S has been re-released to facilitate onward transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.

 
                                                                                    HOT ROCKS INVESTMENTS 
                                                                                     PLC 
 
                                                                                    ("Hot Rocks" or the "Company") 
 
 UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHSED 30TH 
  SEPTEMBER 2022 
 
 CHAIRMAN'S STATEMENT 
 
 I hereby present the interim results for the Company for the six 
  months ended 30(th) September 2022. 
 
 The Company is an active investor largely in junior natural resources 
  companies. 
 
 The Company made a total comprehensive loss of GBP315,898 for the period. 
  The Company will not 
  be paying a dividend. 
 
  Cash at bank at 30(th) September 2022 was GBP10,583, and at 3(rd) March 
  2023 was GBP70,437. 
 
   We now hold stakes in the following entities: 
 
 
 Aqru plc 
 D3 Energy 
 Elephant Oil Corp 
 Impact Oil & Gas Limited 
 Mafula Energy Limited 
 MedGold Resources Corp 
 Minergy Limited 
 Mosi Copper Limited 
  New Horizon Oil & Gas Limited 
 NFT Investments 
  plc 
 Pilar Gold Inc 
 Rift Resources Limited 
  Roquefort Therapeutics 
  Limited 
 Royal Road Minerals Limited 
 Trigon Metals Inc 
 
 Brian Rowbotham 
 Non-Executive Chairman 
 4th March 2023 
 
 
 
 
 
   HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME 
 FOR THE SIX MONTHSED 30TH SEPTEMBER 
  2022 
                                                                                                                                      6 Months                  6 Months                  Year to 
                                                                                                                                      to 30.9.22                to 30.9.21                31.3.22 
 Continuing operations 
 
 Revenue                                                                                                                                                    0                         0              0 
 
 Operating expenses                                                                                                                                  (38,995)                  (36,718)    (65,878) 
 
 Other (loss) - sale of 
  financial assets at fair 
  value through profit & 
  loss account                                                                                                                                       (35,108)                  (12,762)   (17,831) 
 
 Fair value (losses)gains on financial 
  assets                                                                                                                                            (241,795)                   113,761   202,614 
 
                                                                                                                                           _______ ______                                 ______ 
 (Loss)profit from operations before 
  taxation                                                                                                                                          (315,898)                    64,281   118,905 
 
 Corporation tax                                                                                                                                            0                         0             0 
                                                                                                                                       ----________- 
                                                                                                                                        ---- _____                                        ______ 
 (Loss)profit for 
  period                                                                                                                                            (315,898)                    64,281   118,905 
 
 
 Total comprehensive (expenditure)income 
  for the period                                                                                                                                    (315,898)                    64,281   118,905 
 
 
 (Loss)earnings per share 
  (pence) 
 
 Basic                                                                                                                                                 (0.18)                      0.04       0.11 
 
 Diluted                                                                                                                                               (0.18)                      0.04       0.11 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 HOT ROCKS INVESTMENTS 
  PLC 
 CONDENSED STATEMENT OF FINANCIAL 
  POSITION 
 
 
                                                                                AS AT 30TH SEPTEMBER                           6 Months              6 Months 
                                                                                2022                                            to 30.9.22            to 30.9.21               Year to 31.3.22 
 
 Assets 
 
 Non-current assets 
 
 Financial assets at fair value through 
  profit and loss                                                                                                                389,826                             204,415   389,529 
                                                                                                                                  _______ ______                                ______ 
                                                                                                                                           389,826                   204,415   389,529 
 
 Current assets 
 
 Financial assets at fair value through 
  profit and loss                                                                                                                          331,098                   711,638   621,941 
 
 Trade and other receivables                                                                                                                55,419                       160    40,306 
 Cash and cash equivalents                                                                                                                  10,583                    92,815    36,008 
                                                                                                                                           397,100                   804,613   698,255 
 
 Total assets                                                                                                                              786,926                 1,009,028   1,087,784 
 
 
 Equity and liabilities 
 
 Equity 
 
 Called up share 
  capital                                                                                                                                  173,602                   173,602   173,602 
 
 Share premium account                                                                                                                   1,174,631                 1,174,631   1,174,631 
 
 Share based payment reserve                                                                                                               115,600                   115,600   115,600 
 
 Retained loss                                                                                                                           (937,548)                 (676,174)   (621,650) 
                                                                                                                                           _______     ______                  ----------------______ 
                                                                                                                                           526,285                   787,659   842,183 
 
 Current liabilities 
 
 Trade and other payables                                                                                                                  260,641                   221,369   245,601 
 
 Total equity and liabilities                                                                                                              786,926                 1,009,028   1,087,784 
 
 
 
 HOT ROCKS INVESTMENTS 
  PLC 
 CONDENSED CASH FLOW STATEMENT 
 FOR THE SIX MONTHSED 30TH SEPTEMBER 
  2022 
                                                                                                                                6 Months             6 Months                  Year to 
                                                                                                                                 to 30.9.22           to 30.9.21                31.3.22 
 Cash flows from operating activities 
 
 Operating(loss)profit                                                                                                                   (315,898)                    64,281   118,905 
 
 Adjustments: 
 Fair value adjustment of financial 
  assets through 
 profit and loss                                                                                                                           241,795                 (113,761)   (202,614) 
 
 Loss on disposal of financial assets 
  through profit 
 and loss                                                                                                                                   35,108                    12,762   17,831 
 
 Movements in working capital: 
 
  Increase in trade and 
  other receivables                                                                                                                          -                     -           (14,714) 
 
 Increase in trade and other payables                                                                                                       15,040                    24,770   34,436 
                                                                                                                                  _______ _____                            _____ 
 Net cash used in operating activities                                                                                                    (23,955)                  (11,948)   (46,156) 
 
 
 Cash flows from investing activities 
 
 Proceeds from disposal of financial 
  assets through 
 profit and loss                                                                                                                            13,643                   164,856   180,979 
 
 Acquisition of financial assets 
  through profit and loss                                                                                                                        0                 (180,610)   (208,361) 
                                                                                                                                    ______ _____                          _______ 
 Net cash used in investing activities                                                                                                      13,643                  (15,754)   (27,382) 
 
                                                                                                                                  ______               ______                  ______ 
 Decrease in cash and cash equivalents                                                                                                    (10,312)                  (27,702)   (73,538) 
 
 Cash and cash equivalents at the 
  beginning of the 
 period                                                                                                                                     76,314                   120,677   109,546 
                                                                                                                                     ______ ____                          ______ 
 Cash and cash equivalents at the 
  end of the period                                                                                                                         66,002                    92,975   36,008 
 
 
 
 
 
 
 HOT ROCKS INVESTMENTS 
  PLC 
 ACCOUNTING POLICIES 
 FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 
  2022 
 
 Financial information 
 
  The financial information set out above does not 
   constitute statutory 
  accounts within the meaning of Section 434 Companies 
   Act 2006. It has 
  been prepared on a going concern basis in accordance 
   with the recognition 
  and measurement criteria of the International 
   Financial Reporting 
  Standards (IFRS) as adopted by 
   the European Union. 
 
  The accounting policies used in the preparation 
   of this set of condensed 
  interim financial statements are consistent with 
   those set out in the 
  Company's annual financial statements for the year 
   ended 31 March 2022. 
  Statutory accounts for the year ended 31 March 
   2022 were approved by the 
  Board of Directors on 4 March 2023 and delivered 
   to the Registrar 
  of Companies. The report of the independent auditor 
   on those accounts 
  was unqualified. 
 
  The financial information for the six months ended 
   30 September 2022 
  has not been reviewed. As permitted, the Company 
   has chosen not to 
  adopt IAS 34 "Interim Financial Statements" in 
   preparing this interim 
  financial information. 
 
  Risks and uncertainties 
 
  The Board continually assesses and monitors the 
   key risks of the business. 
  The key risks that could affect the Company's medium-term 
   performance 
  and the factors that mitigate those risks have 
   not substantially changed 
  from those discussed in the Financial Statements 
   to 31 March 2022. 
 
  Critical accounting 
   estimates 
 
  The preparation of the condensed interim financial 
   statements requires 
  management to make estimates and assumptions that 
   affect the reported 
  amounts of assets and liabilities and disclosure 
   of contingent assets and 
  liabilities at the end of the reporting period. 
   Significant items subject to 
  estimates are set out in the accounting policies 
   of the Company's Financial 
  Statements to 31 March 
   2022. 
 
  The Directors of the issuer are responsible 
   for the content of this 
  announcement. 
 
  For further information please 
   contact: 
  Hot Rocks Investments plc - Gavin 
   Burnell: 020 7264 4444 
 
  Optiva Securities Ltd - Daniel Ingram 
   Tel: 0203 411 1881 
   daniel.ingram@optivasecurities.com 
 
 
 

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END

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March 08, 2023 05:23 ET (10:23 GMT)

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