![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Clerkenwell | LSE:CRK | London | Ordinary Share | GB00B3L0Q676 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9910N Clerkenwell Ventures PLC 24 June 2005 Clerkenwell Ventures PLC - Unaudited Interim Results Unaudited Interim Results for the period ended 31 March 2005 Clerkenwell Ventures PLC ("Clerkenwell Ventures" or "the Company") announces its interim results for the period ended 31 March 2005. These relate to the period from incorporation on 13 May 2004 to 31 March 2005. Highlights : *Placing and admission to AIM on 29 October 2004, raising #3.9m (before flotation expenses of #0.2m) at 7p per share *Net cash as at 31 March 2005 of # 4.2 million *Profit before taxation for the period ended 31 March 2005 of #50,000 David Page, Chairman, commented: "We continue to investigate and evaluate several interesting investment opportunities in businesses with high growth and consolidation potential." Enquiries Clerkenwell Ventures PLC David Page, Non-executive Chairman Telephone: 07836 346934 Seymour Pierce Limited Louise Carpenter or Catherine Bond Telephone: 020 7107 8000 Gainsborough Communications Andy Cornelius or Julian Walker Telephone: 020 7190 1703 Clerkenwell Ventures PLC Unaudited Interim Results for the period ended 31 March 2005 Chairman's Statement Clerkenwell Ventures listed as an investing company on AIM on 29 October 2004. In line with our stated strategy we have investigated a number of businesses which could be reversed into the Company. We are continuing discussions with several parties and will update the market when appropriate. Results The Company announced on 17 June 2005 that the first accounting period has been extended from ending on 31 May 2005 to ending on 30 September 2005. The Company was incorporated on 13 May 2004 and these interim results cover the period from that date to 31 March 2005, being six months after the period end of the financial information disclosed in the Company's AIM admission document. Clerkenwell Ventures completed a placing and admission to AIM on 29 October 2004, raising #3.9 million (before flotation expenses) at 7p per share. Flotation expenses of #0.2 million have been charged to the Company's share premium account. Profit before taxation for the period ended 31 March 2005 was #50,000. As at 31 March 2005, Clerkenwell Ventures' net cash balances amounted to #4.2 million. Dividends As described in the Company's AIM admission document dated 25 October 2004, it is the Board's policy that prior to making the first acquisition, no dividends will be paid. Following the first acquisition, subject to the availability of distributable reserves, dividends will be paid to shareholders when the Directors believe it is appropriate and prudent to do so. However, the main focus of the Company will be in delivering capital growth for shareholders. David Page Non-executive Chairman 27 June 2005 Clerkenwell Ventures PLC Unaudited Profit and Loss Account for the period ended 31 March 2005 Notes Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Administrative expenses (29) Operating loss (29) Net interest receivable 79 Profit on ordinary activities before taxation 50 Taxation 2 (10) Profit for the period 40 Earnings per share Basic 3 0.11p Diluted 3 0.11p All amounts relate to continuing activities. All recognised gains and losses are included in the profit and loss account. Clerkenwell Ventures PLC Unaudited Balance Sheet as at 31 March 2005 Notes As at 31 March 2005 Unaudited #'000 Current Assets Debtors 14 Cash at bank and in hand 4,247 4,261 Current Liabilities Creditors: amounts falling due within one year (28) Net assets 4,233 Capital and Reserves Called up share capital 689 Share premium account 3,504 Profit and loss account 40 Equity shareholders' funds 4 4,233 Clerkenwell Ventures PLC Unaudited Cash Flow Statement for the period ended 31 March 2005 Notes Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Net cash outflow from operating activities 5a (12) Returns on investment and servicing of finance 66 Cash inflow before use of liquid resources and financing 54 Management of liquid resources 5b (4,246) Financing 5c 4,193 Increase in cash in the period 1 Reconciliation of net cash flow to movement in net funds Notes Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Increase in cash in the period 1 Cash flow from increase in liquid resources 4,246 Change in net fund 4,247 Net funds at beginning of period - Net funds at end of period 5d 4,247 Clerkenwell Ventures PLC Notes to the Unaudited Interim Results for the period ended 31 March 2005 1. Basis of preparation The interim results have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards. 2. Taxation Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Based on the result for the period: UK Corporation tax at 19% 10 Total current tax 10 Deferred taxation: Origination and reversal of timing differences - Taxation payable 10 3. Earnings per share Basic earnings per share is based on the profit for the period of #40,000 and on 35,826,000 ordinary shares of 1p each being the weighted average number of ordinary shares in issue during the period. Diluted earnings per share is based on the profit for the period of #40,000 and on 37,904,000 shares of 1p each being the weighted average number of shares in issue during the period after allowing for the dilutive effect of the conversion into ordinary shares of options outstanding during the period. 4. Reconciliation of movements in equity shareholders' funds Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Shares issued (net of flotation expenses) 4,193 Profit for the period 40 Closing equity shareholders' funds 4,233 5. Notes to the cash flow statement a. Reconciliation of operating loss to net cash flow from operating activities Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Operating loss (29) Increase in debtors (1) Increase in creditors 18 Net cash outflow from operating activities (12) b. Management of liquid resources Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Increase in short term deposits 4,246 c. Financing Period from 13 May 2004 to 31 March 2005 Unaudited #'000 Gross proceeds of ordinary shares issued 4,373 Issue costs (180) Net cash inflow from financing 4,193 d. Analysis of net funds As at Cash flow As at 13 May Unaudited 31 March 2004 #'000 2005 Unaudited Unaudited #'000 #'000 Cash in hand and at bank - 1 1 Short term deposit - 4,246 4,246 Net funds - 4,247 4,247 Cash at bank and in hand of #4,247,000 on the company's balance sheet includes short term deposits of #4,246,000 which are not classified as cash under FRS1 for the purposes of the cash flow statement. 6. Interim financial statements The financial information set out in this interim announcement, which was approved by the Board on 27 June 2005, has not been audited or subject to review by the company's auditors and does not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange END IR DXLFLEQBLBBE
1 Year Clerkenwell Ventures Chart |
1 Month Clerkenwell Ventures Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions