Interim Results
Quintessentially English PLC
29 September 2004
Quintessentially English PLC
('Quintessentially English' or the 'Company')
Interim Announcement
The Company announces its maiden interim results for the period from
incorporation on 16th January 2004 until 30th June 2004. There was a turnover of
£Nil, and a loss after tax of £40,893. No directors received any remuneration
during the period.
No dividend is recommended.
Since the Company's successful Admission to AIM in March, the Company has
evaluated a number of potential investments and continues to do so.
For further information:
Quintessentially English PLC
Mr. Michael Gurner, 07768 231 731
Profit And Loss Account
For the period 16/01/04 to 30/06/04
Note Period Ended
30/06/2004
(unaudited)
£
Turnover -
Administrative expenses (42,498)
---------------
Operating Loss (42,498)
Interest Receivable 1,605
Loss on ordinary activities before taxation 1 (40,893)
Taxation -
---------------
Loss on ordinary activities after taxation (40,893)
---------------
Basic and diluted earnings per Ordinary share (pence) (0.37)
---------------
Dividends per share (pence) 0
---------------
Balance Sheet
as at 30/06/04
Note 30/06/2004
(unaudited)
£
Current Assets
Bank - Money Market 240,779
Debtors 9,960
---------------
250,739
---------------
Current Liabilities
Creditors: Amounts falling due within one year
Bank - Current Account (3,020)
---------------
Net Assets 247,719
---------------
Called up share capital 2 111,769
Share premium 3 176,843
Profit and loss account (40,893)
---------------
Equity shareholders funds 247,719
---------------
Net assets per share (pence) 4 2.22p
---------------
Cash Flow Statement
For the period from 16/01/04 to 30/06/04
Note Period Ended
30/06/2004
(unaudited)
£
Net cash inflow from operating activities (52,456)
Returns on investment and servicing of finance -
Interest received 1,605
Financing
Proceeds of issue of ordinary shares 325,500
Expenses of share issue (36,890)
---------------
Increase in cash 237,759
---------------
Notes to the Interim Report
1. Loss on ordinary activities before taxation
The loss for the period is representative of operational overheads incurred in
the period.
2. Called up share capital
The issued share capital comprises 11,176,865 ordinary shares of 1p each,
consisting of 200 shares of 1p each issued as two £1 subscriber shares on
incorporation and converted into 1p shares on 23rd February 2004, 6,666,665
ordinary shares of 1p each issued on 24th February 2004 and 4,510,000 ordinary
shares of 1p each issued on 18th March 2004.
3. Share premium
The share premium represents: £
Premium arising on issues of ordinary shares in the period 213,733
Expenses of share issues (36,890)
---------------
At 30th June 2004 176,843
---------------
4. Net assets per share
The calculation of net assets per share is based on the net assets at the end of
the period of £247,719 and on the number of ordinary shares in issue
(11,176,865) at 30th June 2004.
5. Preparation of Interim Report
The interim financial information for the period from incorporation to 30th June
2004 was approved by the directors on 24th September 2004.
6. Financial information
The financial information in this statement does not constitute statutory
accounts within the meaning of section 240 of the Companies Act 1985.
7. Accounts
Copies of the Interim Report are available for collection at the offices of the
Company, 11 Cross Keys Close, London W1U 2DJ during normal office hours.
This information is provided by RNS
The company news service from the London Stock Exchange