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:3616Z Clerkenwell Ventures PLC 29 June 2007 Clerkenwell Ventures PLC - Unaudited Interim Results 29 June 2007 Unaudited Interim Results for the period ended 31 March 2007 Clerkenwell Ventures PLC ("Clerkenwell Ventures" or "the Company") announces its interim results for the period ended 31 March 2007. Highlights : *Net cash as at 31 March 2007 of #4.4 million (2006: #4.3 million) *Loss before taxation for the period ended 31 March 2007 of #31,000 (2006: profit of #31,000) *Net assets per share as at 31 March 2007 of 6.17p (2006: 6.19p) David Page, Chairman, commented: "We have investigated several opportunities to acquire businesses with high growth and consolidation potential. Given our AIM listing, experience of the board of directors, clean balance sheet and cash balance, we offer an ideal IPO route for small to medium sized growth companies." Enquiries Clerkenwell Ventures PLC David Page, Non-executive Chairman Telephone: 07836 346934 Seymour Pierce Limited Telephone: 020 7107 8000 David Newton/Nicola Marrin Clerkenwell Ventures PLC Unaudited Interim Results for the period ended 31 March 2007 Chairman's Statement It gives me pleasure to report the interim results of Clerkenwell Ventures for the six months ended 31 March 2007. Acquisition strategy Following shareholders' approval for the Company to continue its stated acquisition strategy at the Company's AGM in March 2007, we have continued to investigate 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 Loss before taxation for the six months ended 31 March 2007 was #31,000 (2006: profit of #31,000). As at 31 March 2007, Clerkenwell Ventures' net cash balances amounted to #4.4 million (2006: #4.3 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 29 June 2007 Clerkenwell Ventures PLC Unaudited Profit and Loss Account for the period ended 31 March 2007 Notes Six Six Year months months ended ended ended 30 September 2006 31 March 2007 31 March 2006 Audited Unaudited Unaudited #'000 #'000 #'000 Administrative expenses (145) (67) (148) Operating loss (145) (67) (148) Net interest receivable 114 98 199 (Loss)/profit on ordinary activities before (31) 31 51 taxation Taxation 2 - (12) (17) (Loss)/profit for the (31) 19 34 period (Loss)/earnings per share Basic 3 (0.05p) 0.03p 0.05p Diluted 3 (0.05p) 0.03p 0.05p 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 2007 Notes As at As at As at 31 March 31 March 30 September 2007 2006 2006 Unaudited Unaudited Audited #'000 #'000 #'000 Fixed Assets Tangible assets 2 - - Current Assets Debtors 18 15 18 Cash at bank and in hand 4,429 4,327 4,345 4,447 4,342 4,363 Current Liabilities Creditors: amounts falling due within (197) (74) (80) one year Net current assets 4,250 4,268 4,283 Total assets less current 4,252 4,268 4,283 liabilities Net assets 4,252 4,268 4,283 Capital and Reserves Called up share capital 689 689 689 Share premium account 3,499 3,499 3,499 Profit and loss account 64 80 95 Equity shareholders' funds 4 4,252 4,268 4,283 Clerkenwell Ventures PLC Unaudited Cash Flow Statement for the period ended 31 March 2007 Notes Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Audited Unaudited Unaudited #'000 #'000 #'000 Net cash outflow from operating 5a (28) (69) (145) activities Returns on investment and servicing of finance 114 89 192 Taxation - (13) (22) Capital expenditure (2) - - Cash inflow before use of liquid resources and financing 84 7 25 Management of liquid resources 5b (84) (163) (188) Decrease in cash in the period - (156) (163) Reconciliation of net cash flow to movement in net funds Notes Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Unaudited Unaudited Audited #'000 #'000 #'000 Decrease in cash in the period - (156) (163) Cash flow from increase in liquid 84 163 188 resources Change in net funds 84 7 25 Net funds at beginning of period 4,345 4,320 4,320 Net funds at end of period 5c 4,429 4,327 4,345 Clerkenwell Ventures PLC Notes to the Unaudited Interim Results for the period ended 31 March 2007 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 Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Audited Unaudited Unaudited #'000 #'000 #'000 Based on the result for the period: UK Corporation tax at 19% - 7 11 Under provision in earlier periods - 5 6 Total current tax - 12 17 Deferred taxation: Origination and reversal of timing - - - differences Taxation payable - 12 17 3. Earnings per share Basic earnings per share is based on the loss for the period of #31,000 (2006: profit of #19,000) and on 68,911,145 (2005: 68,911,145) 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 loss for the period of #31,000 (2006: profit of #19,000) and on 68,911,145 (2006: 70,504,065) 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 Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Unaudited Unaudited Audited #'000 #'000 #'000 (Loss)/profit for the period (31) 19 34 Total movements during the period (31) 19 34 Opening equity shareholders' funds 4,283 4,249 4,249 Closing equity shareholders' funds 4,252 4,268 4,283 5. Notes to the cash flow statement a. Reconciliation of operating loss to net cash flow from operating activities Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Audited Unaudited Unaudited #'000 #'000 #'000 Operating loss (145) (67) (148) Decrease/(increase) in debtors - 3 (2) Increase/(decrease) in creditors 117 (5) 5 Net cash outflow from operating (28) (69) (145) activities b. Management of liquid resources Six Six Year months months ended ended ended 30 September 31 March 31 March 2006 2007 2006 Audited Unaudited Unaudited #'000 #'000 #'000 Increase in short term deposits 84 163 (188) c. Analysis of net funds As at Cash flow As at 30 September Unaudited 31 March 2006 #'000 2007 Audited Unaudited #'000 #'000 Cash in hand and at bank 1 - 1 Short term deposit 4,344 84 4,428 Net funds 4,345 84 4,429 Cash at bank and in hand of #4,429,000 (31 March 2006: #4,327,000, 30 September 2006: #4,345,000) on the Company's balance sheet includes short term deposits of #4,428,000 (31 March 2006: #4,319,000, 30 September 2006: #4,344,000) 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 does not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985. The figures for the period ended 30 September 2006 are based upon the latest statutory accounts, which have been delivered to the Registrar of Companies, the report of the auditors on those accounts was unqualified and did not contain a statement under Section 237(2) or (3) of the Companies Act 1985. The six months figures use the same accounting policies as for the period ended 30 September 2006, and have not been audited or subject to review by the Company's auditors. This information is provided by RNS The company news service from the London Stock Exchange END IR EKLFLDQBXBBB
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