Interim Results to 31 March 2024

Becket Invest PLC

28 June 2024

 

28 June 2024

Becket Invest Plc

("Becket" or the "Company")

Interim Results for the Six Months Ended 31 March 2024

I am pleased to present the interim results for Becket Invest Plc ("Becket" or the "Company") for the period ended 31 March 2024.  The Company was admitted to the Standard Listing of the Main Market of the London Stock exchange on 5 June 2023 (XLON: TAB).

Chairman's Statement

During the period the Company made a loss of £142,812, compared with a loss of £Nil for the same period last year.  The loss is largely due to everyday administration, salaries and professional fees whilst the Board have been diligently attempting to identify a suitable business in the battery metals and related technologies sectors with which to enter into a potential transaction. The Board has been working attentively to reduce the administrative costs of the Company, reducing salaries and outsourced administrative assistance.  As at 31 March 2024, the Company's cash position was £506,165 (2023: £Nil).

These interim results have not been audited by the Company's auditor.

Post period events

Since the end of the reported period, the Company has continued to attempt to identify a suitable business in the battery metals and related technologies sectors with which to enter into a potential transaction.

Directors of the company

The directors who have served during the period and up to the date of approval were as follows:

Graeme Muir	(Chairman)
Daniel Monks	(Executive Director) (appointed 14 June 2024)
James Crossley	(Resigned 14 June 2024)
Thomas Furlong	(Resigned 1 December 2023)

Results and dividends

The interim statement of comprehensive income is set out on page 3 and shows the loss for six month period to 31 March 2024.  The directors consider the loss for the period to be in line with expectations.  The directors do not recommend a payment of a dividend.

This report was approved by the Board and signed on its behalf:

Graeme Muir

Chairman

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

Enquiries:

Company

Becket Invest Plc

Graeme Muir

[e-mail]

www.becketinvest.co.uk

Financial Advisor and Corporate Broker

Peterhouse Capital Limited

Telephone: [phone]

Statement of Comprehensive Income for the 6 months ended 31 March 2024

	6 months to 31 March 2024 Unaudited		Year ended 30 September 2023 Audited		6 months to 31 March 2023 Unaudited
	£		£		£
Administrative expenses	(142,812)		(171,906)		-
Warrant expense	-		(2,093,571)		-
Operating Profit / (Loss)	(142,812)		(2,265,477)		-
Taxation	-		-		-
Loss for the period from continuing operations	(142,812)		(2,265,477)		-
Other comprehensive income	-		-		-
Total comprehensive income for the period	(142,812)		(2,265,477)		-
Earnings per share
Basic earnings per share	(0.174p)		(8.5p)		-
Diluted earnings per share	(0.025p)		(1.2p)		-

Statement of Financial Position for the 6 months ended 31 March 2024

	6 months to 31 March 2024 Unaudited		Year ended 30 September 2023 Audited		6 months to 31 March 2023 Unaudited
	£		£		£
Assets
Current assets
Trade and other receivables	26,962		38,390		1
Cash and cash equivalents	506,165		677,622		-
	533,127		716,012		1
Total assets	533,127		716,012		1
Current liabilities
Trade and other payables	27,844		67,917		-
	27,844		67,917		-
Net assets	505,283		648,095		1
Capital and reserves
Share capital	820,001		820,001		1
Warrant reserves	2,093,571		2,093,571		-
Retained earnings	(2,408,289)		(2,265,477)		-
Total equity	505,283		648,095		1

Statement of Changes in Equity for the 6 months ended 31 March 2024

	Share	Warrant	Retained	Total
	capital	reserves	Earnings
	£	£	£	£
As at 1 October 2022	1	-	-	1
Profit / (Loss) for the period	-	-	-	-
Total comprehensive income	-	-	-	-
Balance at 31 March 2023	1	-	-	1
As at 1 October 2022	1	-	-	1
Net equity issued	820,000	-	-	820,000
Share warrant expense	-	2,093,571	-	2,093,571
Loss for the year	-	-	(2,265,477)	(2,265,477)
Total comprehensive income	-	-	(2,265,477)	(2,265,477)
Balance at 30 September 2023	820,001	2,093,571	(2,265,477)	648,095
Loss for the period	-	-	(142,812)	(142,812)
Total comprehensive income	-	-	(142,812)	(142,812)
Balance at 31 March 2024	820,001	2,093,571	(2,408,289)	505,283

 

END