Final Results

RNS Number : 2871X

Shellshock Limited

12 August 2009

 

Shellshock Limited announces results for the year ended 31 March 2009

Belize City, Belize, 12 August 2009 - Shellshock Limited (London-AIM: SHOK) ('Shellshock' or the 'Company') reported a net loss of ₤134,000 for the year ended 31 March 2009 (2008 - period 1 March 2006 (date of incorporation) to 31 March 2008 - net profit ₤39,000). Basic and diluted loss per ordinary share for the year ended 31 March 2008 amounted to 2.23 pence (2008 - earnings per ordinary share 0.65 pence).

The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced Shellshock management team.

Further details are set out in the Company's AIM Admission document dated 4 October 2007 and on the Company's web site.

For further information contact:

Shellshock Limited                

Belize [phone]                

UK [phone]

Note: This and other press releases are available at the Company's web site: http://www.shellshocklimited.com. 

Income statement 

Year ended 31 March 2009

		2009	2008*
		UK₤000	UK₤000
Administrative expenses		(258)	(27)
Operating loss		(258)	(27)
Financial income		124	66
(Loss) profit before taxation		(134)	39
Taxation		-	-
Net (loss) profit for the period		(134)	39
(Loss) earnings per ordinary share
Basic (pence)		(2.23)	0.65

* Period 1 March 2006 (date of incorporation) to 31 March 2008.

Balance sheet

At 31 March 2009

		2009	2008
		UK₤000	UK₤000
Assets
Current assets
Cash and cash equivalents		2,955	3,055
Other receivables		18	19
		2,973	3,074
Liabilities
Current liabilities
Other payables		(68)	(35)
Net current assets		2,905	3,039
Net assets		2,905	3,039
Shareholders' equity
Called up share capital		3,000	3,000
Retained (deficit) earnings		(95)	39
Total shareholders' equity		2,905	3,039

Statement of cash flows

Year ended 31 March 2009

		2009	2008*
		UK₤000	UK₤000
Cash flows from operating activities
Cash used in operations		(224)	(11)
Interest received		124	66
Net cash (utilised by) generated from  operating activities		(100)	55
Cash flows from financing activities
Net proceeds from issue of ordinary share capital		-	3,000
Net cash generated from financing activities		-	3,000
Net (decrease) increase in cash and  cash equivalents		(100)	3,055
Cash and cash equivalents at beginning of period		3,055	-
Cash and cash equivalents at end of period		2,955	3,055

* Period 1 March 2006 (date of incorporation) to 31 March 2008.

-ENDS-

 

END

 

 

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