Interim Results

RNS Number:6365T
Simons & Co Limited
6 November 2000




SIMONS & CO LIMITED
INTERIM STATEMENT
SIX MONTHS ENDED 30 JUNE 2000

The company has not traded during the period but its dealings in shares of
publicly listed and unquoted company shares have exceeded the directors'
expectations. The directors do not anticipate that the second half year will be
as successful although the company will continue to show a profit.

An interim preference share dividend of 3.75% per share was paid on 1 July 2000.
No dividend has been or will be paid in respect of the company's ordinary
shares.


G M Simon
Chairman

                          SIMONS & CO LIMITED
                    INTERIM PROFIT AND LOSS ACCOUNT
              for the six month period ended 30 June 2000
                                        Unaudited
                                   6 months    6 months      Audited
                                   to 30 June  to 30 June   Full Year
                                      2000       1999       1999
                                        #          #          #

Turnover                             23,457     10,470     18,795

Net operating expenses

Administrative expenses              (3,832)    (1,285)    (4,432)
Operating profit                     19,625      9,185     14,363
Interest payable                        (87)       (18)       (48)
Profit on ordinary activities
before taxation                      19,538      9,167     14,315
Taxation                             (3,532)         -        802
Profit on ordinary activities
after taxation                       16,006      9,167     15,117
Dividends
(including non-equity interests)     (5,625)    (5,625)   (11,250)
Retained profit for the period       10,381      3,542      3,867

                        
                          INTERIM BALANCE SHEET
                             at 30 June 2000

                                 Unaudited                       Audited
                                30 June 2000  30 June 1999   31 December 1999
                                 #       #      #      #       #       #
Fixed assets

Investments                            364,237        343,420         353,920
                                       364,237        343,420         353,920
Current assets
Debtors                        104,992          86,993         92,662
Investments                     10,826             -               -
Cash at bank and in hand       290,357          35,247        130,624
                               406,175         122,240        223,286
Creditors: amounts falling due
within one year               (343,110)        (49,064)      (160,285)

Net current assets                      63,065         73,176          63,001
Total assets less current
 liabilities                           427,302        416,596         416,921

Capital and reserves

Called up share capital                350,000        350,000         350,000
Other reserves                          35,000         35,000          35,000
Profit and loss account                 42,302         31,596          31,921
Total shareholders' funds              427,302        416,596         416,921

Attributable to:

Equity shareholders                    262,302        251,596         251,921
Non-equity shareholders                165,000        165,000         165,000
                                       427,302        416,596         416,921

NOTES:

1   A preference share dividend of 3.75p per share was paid on 1 July 2000. No  
    ordinary share dividend has been paid. The cost of the dividend paid was    
    #5625.

2   The results of the half years ended 30 June 2000 and 30 June 1999 are       
    unaudited and do not constitute statutory accounts within the meaning of    
    section 240 of the Companies Act 1985. The financial information for the    
    year ended 31 December 1999 has been extracted from the statutory accounts  
    for that year which have been filed with the Registrar of Companies and on  
    which the auditors gave an unqualified audit opinion.
             
                      
                         INTERIM CASH FLOW STATEMENT
                    for the six month period ended 30 June 2000

                                              Unaudited
                                     6 months to      6 months to     Audited
                                     30 June          30 June         Full year
                                     2000             1999            1999

                                      #      #       #      #       #      #
Net cash inflow
from operating activities                 186,937        1,014          114,337
Returns on investments and 
servicing of finance
Interest paid                      (87)            (18)           (48)
Non-equity dividends paid       (5,625)         (3,079)        (7,016)
                                           (5,712)      (3,097)          (7,064)
Taxation
Corporation tax paid                         (349)        (348)          (3,827)

Capital expenditure
and financial investment
Purchase of fixed asset 
investments                               (10,317)      (3,315)         (13,815)
                                          170,559       (5,746)          89,631
Management of liquid resources
Purchase of current asset 
investments                               (10,826)           -                -
Increase/(decrease) in cash               159,733       (5,746)          89,631