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V2 Ventures Plc (HYE)

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Thursday 30 September, 2010

V2 Ventures Plc

Half-yearly Report


30/09/10

                      V2 VENTURES PLC - INTERIM RESULTS
                       ("V2 Ventures" or the "Company")

CHAIRMAN'S STATEMENT

The Board of V2 Ventures, a business committed to identifying international
investment opportunities, announces today its interim results for the six month
period ending 30 June 2010.

REVIEW OF BUSINESS

In the interim period under review, the Company has made an investment in Oak
Holdings plc, a leisure business operator - subscribing for 300,000 shares for
a consideration of £15,000. This investment although small, symbolises the new
direction of the Company. The Company will endeavour to continue to seek such
investments, with a view of enhancing shareholders value.

The Company declared its final results for the year ended 31st December 2009 on
28th May 2010 and held its Annual General Meeting on the 8th July 2010.

In line with the Company's strategy, the Company is in negotiations with
businesses in the area of luxury goods. The Company will update shareholders on
the negotiations as soon as possible. The outcome of the negotiations is not
certain. We are also in the process of setting up the Company's corporate
website, with a view to ensuring that stakeholders have easy access to
information on the Company.

We would like to thank shareholders for their continued support.

PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30TH JUNE 2010

                                        2010          2009        Year Ended   
                                     30th June     30th June         2009      
                                     Unaudited     Unaudited        Audited    
                                                                               
Turnover                                 0           76,341         112,412    
                                                                               
Cost of Sales                            0           63,395         107,443    
                                                                               
                                     ---------      --------       ---------   
                                                                               
Gross Profit/(Loss)                      0           12,945          4,969     
                                                                               
Administration Costs                   11,327        55,734         170,907    
                                                                               
OPERATING PROFIT/(LOSS)               (11,327)      (42,788)       (165,938)   
                                                                               
Profit on disposal of business           0             0            197,885    
                                                                               
Interest Receivable and similar          0             0               0       
income                                                                         
                                                                               
Interest payable and similar             0             0              128      
charges                                                                        
                                                                               
                                     ---------     ---------      ----------   
                                                                               
PROFIT/(LOSS) ON ORDINARY             (11,327)      (42,788)        31,819     
ACTIVITIES BEFORE TAXATION                                                     
                                                                               
Tax on Profits on Ordinary               0             0               0       
Activities                                                                     
                                                                               
                                     ---------     ---------       ---------   
                                                                               
PROFIT/(LOSS) FOR THE FINANCIAL       (11,327)      (42,788)        31,819     
YEAR AFTER TAXATION                                                            
                                                                               
                                     =========     =========       =========   
                                                                               
BALANCE SHEET AS AT 30TH JUNE 2010                                             
                                                                               
                                        2010          2009        Year Ended   
                                     30th June     30th June         2009      
                                     Unaudited     Unaudited        Audited    
                                                                               
FIXED ASSETS                                                                   
                                                                               
Tangible Assets                          0            789              0       
                                                                               
Investments                            15,000          0               0       
                                                                               
CURRENT ASSETS                                                                 
                                                                               
Debtors                                98,761        3,324          122,106    
                                                                               
Cash at Bank and in hand                 18           490              0       
                                                                               
                                     ---------     ---------       ---------   
                                                                               
                                       98,779        3,814          122,106    
                                                                               
CREDITORS                                                                      
                                                                               
Amount Falling Due within One year     23,740        82,095         20,740     
                                                                               
                                     ---------     ---------       ---------   
                                                                               
NET CURRENT ASSETS/(LIABILITIES)       75,039       (78,281)        101,366    
                                                                               
TOTAL ASSETS LESS CURRENT              90,039       (77,492)        101,366    
LIABILITIES                                                                    
                                                                               
CREDITORS                                                                      
                                                                               
Amount Falling Due after One Year        0             0               0       
                                                                               
                                      --------     ---------       ---------   
                                                                               
TOTAL ASSETS LESS CURRENT              90,039       (77,492)        101,366    
LIABILITIES                                                                    
                                                                               
                                      --------     ----------     ----------   
                                                                               
CAPITAL AND RESERVES                                                           
                                                                               
Called up share capital               104,363        66,568         104,363    
                                                                               
Share Premium Account                 215,426       205,541         215,426    
                                                                               
Profit and loss account              (229,750)      (42,788)       (218,423)   
                                                                               
                                     ----------    ---------      ----------   
                                                                               
Total                                  90,039       229,321         101,366    

NOTES

The financial information for the period ended 30 June 2010 has not been
audited or reviewed by the Company's auditors and does not constitute statutory
accounts within the meaning of Section 434 of the Companies Act 2006.

The Directors of the issuer accept responsibility for this announcement.

                                  ---ENDS---

Enquiries:

V2 Ventures PLC Tel: 020 8834 1652
Sebastian Moonjely

RIVINGTON STREET CORPORATE FINANCE Tel: 020 7562 3373
Eran Zucker
[email protected]


                                                                                                                                                                                                                                           

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