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V2 Ventures Plc (HYE)

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Friday 30 September, 2011

V2 Ventures Plc

Half-yearly Report


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

               Interim Results for six months ended 30 June 2011                        

CHAIRMAN'S STATEMENT

The Board of V2 Ventures, a business committed to identifying international
investment opportunities, announces its interim results for the six month
period ending 30 June 2011.

REVIEW OF BUSINESS

As explained in the update announced on 2 February 2011, your Company is in
financial difficulty due to an outstanding debt owed to Her Majesty 's Revenue
and Custom's ("HMRC") and the failure of the Non-Executive Directors of the
Company to honour their obligations .

Your Company is avidly pursuing these serious matters but is unable to report
further on them, Your company will further to Shareholders in due course.

During the period no material events, transactions or developments have taken
place.

We would like to thank Shareholders for their continued support.

                                V2 Ventures plc                                

                       Statement of comprehensive income                       

                     for the six months ended 30 June 2011                     

                                      2011           2010        Year Ended  
                                                                             
                                    30th June     30th June         2010     
                                                                             
                                    Unaudited     Unaudited       Audited    
                                                                             
Turnover                                0             0              0       
                                                                             
Cost of Sales                           0             0           (1,763)    
                                                                             
                                    ---------     ---------      ---------   
                                                                             
Gross Profit/(Loss)                     0             0           (1,763)    
                                                                             
Administration Costs                  8,570         11,327        (69,333)   
                                                                             
OPERATING PROFIT/(LOSS)              (8,570)       (11,327)       (71,096)   
                                                                             
Profit on disposal of business          0             0              0       
                                                                             
Interest Receivable and similar         0             0              0       
income                                                                       
                                                                             
Interest payable and similar            0             0              0       
charges                                                                      
                                                                             
                                    ---------     ---------      ----------  
                                                                             
PROFIT/(LOSS) ON ORDINARY            (8,570)       (11,327)       (71,096)   
ACTIVITIES BEFORE TAXATION                                                   
                                                                             
Tax on Profits on Ordinary              0             0              0       
Activities                                                                   
                                                                             
                                    ---------     ---------      ---------   
                                                                             
PROFIT/(LOSS) FOR THE FINANCIAL      (8,570)       (11,327)       (71,096)   
YEAR AFTER TAXATION                                                          
                                                                             
                                    =========     =========      =========   
                                                                             

                                V2 Ventures plc                                

              Statement of financial position as at 30 June 2011               

                                      2011           2010        Year Ended   
                                                                              
                                    30th June     30th June         2010      
                                                                              
                                    Unaudited     Unaudited        Audited    
                                                                              
FIXED ASSETS                                                                  
                                                                              
Tangible Assets                         0             0               0       
                                                                              
Investments                          15,000         15,000         15,000     
                                                                              
CURRENT ASSETS                                                                
                                                                              
Debtors                              123,025        98,761         123,025    
                                                                              
Cash at Bank and in hand               168            18            1,375     
                                                                              
                                    ---------     ---------       ---------   
                                                                              
                                     123,193        98,779         124,400    
                                                                              
CREDITORS                                                                     
                                                                              
Amount Falling Due within One        91,793         23,740         84,430     
year                                                                          
                                                                              
                                    ---------     ---------       ---------   
                                                                              
NET CURRENT ASSETS/(LIABILITIES)     31,400         75,039         39,970     
                                                                              
TOTAL ASSETS LESS CURRENT            46,400         90,039         54,970     
LIABILITIES                                                                   
                                                                              
CREDITORS                                                                     
                                                                              
Amount Falling Due after One Year    24,700           0            24,700     
                                                                              
                                    --------       --------       ---------   
                                                                              
TOTAL ASSETS LESS CURRENT            21,700         90,039         30,270     
LIABILITIES                                                                   
                                                                              
                                    --------       --------      ----------   
                                                                              
CAPITAL AND RESERVES                                                          
                                                                              
Called up share capital              104,363       104,363         104,363    
                                                                              
Share Premium Account                215,426       215,426         215,426    
                                                                              
Profit and loss account             (298,089)     (229,750)       (289,519)   
                                                                              
                                   ----------     ----------     ----------   
                                                                              
Total                                21,700         90,039         30,270     

Notes to financial information

These interim results have been prepared in accordance with International
Financial Reporting Standards and on the historical cost basis, using generally
recognised accounting principles and using the accounting policies which are
consistent with those set out in the Company's annual report and accounts for
the year to 31 December 2010.

The unaudited results for period ended 30 June 2011 do not constitute statutory
accounts within the meaning of Section 435 of the Companies Act 2006. The
comparative figures for the 12 months ended 31 December 2010 are extracted from
the statutory financial statements which have been filed with the Registrar of
Companies and which contain an unqualified audit report, did not draw attention
to any matters by way of an emphasis of matter paragraph and contained no
statement under Section 498 (2) or (3) of the Companies Act 2006.

The Directors of the issuer accept responsibility for this announcement.

                                  ---ENDS---                                   

Enquiries:

V2 VENTURES PLC
Sebastian Moonjely
Tel: +44 20 7602 4422

RIVINGTON STREET CORPORATE FINANCE
Eran Zucker
Tel: +44 20 7562 3373
[email protected]m


                                                                                                                                   

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