Final Results

RNS Number : 2961J

Shellshock Limited

28 June 2011

 



Shellshock Limited announces results for the year ended 31 March 2011

Belize City, Belize, 28 June 2011 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company") reported a net profit of ₤63,000 for the year ended 31 March 2011 (2010 - £37,000). Basic and diluted earnings per ordinary share for the year ended 31 March 2011 amounted to 1.05 pence (2010 - 0.62 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		2011	2010
		UK₤000	UK₤000
Administrative expenses		(56)	(79)
Operating loss		(56)	(79)
Financial income		119	116
Profit before taxation		63	37
Taxation		-	-
Net profit for the year		63	37
Earnings per ordinary share
Basic (pence)		1.05	0.62

Balance sheet

At 31 March		2011	2010
		UK₤000	UK₤000
Assets
Current assets
Cash and cash equivalents		3,001	2,941
Other receivables		19	19
		3,020	2,960
Liabilities
Current liabilities
Other payables		(15)	(18)
Net current assets		3,005	2,942
Net assets		3,005	2,942
Shareholders' equity
Called up share capital		3,000	3,000
Retained earnings (deficit)		5	(58)
Total shareholders' equity		3,005	2,942

Statement of cash flows

Year ended 31 March		2011	2010
		UK₤000	UK₤000
Cash flows from operating activities
Cash used in operations		(59)	(130)
Interest received		119	116
Net cash generated from (used in) operating activities		60	(14)
Net increase (decrease) in cash and cash equivalents		60	(14)
Cash and cash equivalents at beginning of year		2,941	2,955
Cash and cash equivalents at end of year		3,001	2,941

 

END

 

 

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