LHP Investments PLC
28 October 2005
LHP INVESTMENTS PLC
INTERIM REPORT FOR THE PERIOD
FROM INCORPORATION TO 31 JULY 2005
CHAIRMAN'S STATEMENT
OVERVIEW
The company was formed as LHP Investments Limited on 20 January 2005 and became
a PLC on 25 January 2005.
No acquisition has been made during the period although acquisitions are being
actively sought.
At the date of the balance sheet the company had net current assets of £214,000,
all effectively in cash.
FINANCIAL OVERVIEW
The company has not yet made an acquisition and the expenses incurred during the
period relate to listing maintenance and administration.
For the period a loss of £39,000 has been incurred, which on a weighted average
equates to a basic loss of 0.07 pence per share; fully diluted the loss is 0.06
pence per share. No dividend is being declared. The directors will receive no
remuneration until an acquisition has been completed.
CASH FLOW AND FUNDING
As stated above, the company effectively had £214,000 cash at 31 July 2005 for
acquisitions and routine expenses and this amount has not changed materially to
the date of this report.
OUTLOOK
The Board is actively pursuing potential acquisitions and hope to report
favourable developments in the near future.
L.E.V. KNIFTON
Chairman
28 October 2005
For further information contact
Leo Knifton, Chairman - 020 7251 3762
Nabarro Wells - 020 7710 7400
LHP INVESTMENTS PLC
Profit and Loss Account
For the period 20 January 2005 to 31 July 2005
Note £'000
Turnover -
Administration expenses (40)
______
Operating Loss (40)
______
Interest received 1
______
Loss on ordinary activities before
taxation (39)
Taxation -
______
Loss on ordinary activities after
taxation (39)
Dividends -
Deficit for the period £(39)
______
Earnings per shares: Basic 2 (0.07p)
Diluted 2 (0.06p)
The company's turnover and operating loss arise from continuing
operations.
There were no recognised gains or losses other than those recognised in the
profit and loss account above.
LHP INVESTMENTS PLC
Balance Sheet as at 31 July 2005
£'000
CURRENT ASSETS
Debtors 9
Cash at bank and in hand 215
______
224
CREDITORS: amounts falling due within one year (10)
______
Net assets £214
______
CAPITAL AND RESERVES
Called up share capital 63
Share premium account 190
Profit and loss account (39)
______
Equity shareholders' funds £214
______
LHP INVESTMENTS PLC
Cash Flow Statement
For the period 20 January 2005 to 31 July 2005
Note £'000
Cash outflow from operating activities 3 (39)
Return on investment and servicing of
finance 1
Financing - Issue of shares net of
expenses 253
______
Cash increase in the period £215
______
Reconciliation of movements in shareholders' funds
£'000
Deficit for the period (39)
New share capital subscribed, net of expenses 253
______
214
Opening shareholders' funds -
______
Closing shareholders' funds £214
______
LHP INVESTMENTS PLC
Notes to the Interim Report
1. Accounting Policies
The interim report has been prepared using accounting policies consistent with
generally accepted accounting standards for the period ended 31 July 2005.
This interim report for the period from formation to 31 July 2005 has been
approved by the Board .
2. Loss per Share
20 January 2005
to
31 July 2005
Pence
Earnings per ordinary share -
Basic (0.07p)
Diluted (0.06p)
The loss per ordinary share is based on the company's loss for
the period of £39,000 and a weighted average number of shares in issue of
57,637,306 basic and 61,880,829 fully diluted.
3. Reconciliation of operating loss to net cash outflow from
operating activities.
20 January 2005
to
31 July 2005
£'000
Operating loss (40)
(Increase) in debtors (9)
Increase in creditors 10
______
Net cash outflow from operating
activities £(39)
4. These unaudited accounts do not constitute statutory accounts within
the meaning of Section 240 of the Companies Act 1985.
5. Copies of this interim statement are available from the Company at
its registered office at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.