Information  X 
Enter a valid email address

V2 Ventures Plc (HYE)


Thursday 26 September, 2013

V2 Ventures Plc

Half-yearly Report

                               V2 Ventures Plc
                 Interim Results for six months ended 30 June 2013


The board of V2 Ventures, a business committed to identifying international
investment opportunities, announces its interim results for the six month
period to 30 June 2013. During the period, your directors have considered and
evaluated several business opportunities. However, none of them have progressed
beyond initial stages. In an attempt to increase the board's exposure to
possible business opportunities, the directors are therefore currently working
with a consultant to find specific projects to enhance shareholder value.

While reviewing the expenses of the company the directors have noted that the
cost of maintaining a listing on ISDX seems disproportionate to the benefit
derived from this listing and are actively considering other alternatives.

The principal activity of the company in this period has been that of an
investment company.

V2 Ventures Plc                                                                
Statement of Comprehensive Income
for the six months ended 30 June 2013                                                                      
                                   2013                  2012           2012   
                                 30th June            30th June      Year Ended
                                 Unaudited            Unaudited       Audited  
Administration Costs              (101,211)             (71,670)      (163,580)
OPERATING PROFIT/(LOSS            (101,211)             (71,670)      (163,580)
Amounts written off investments           0                    0        (3,390)
Interest Payable and Similar       (42,683)             (45,829)       (95,395)
Exceptional Items                         0             (23,469)              0
PROFIT/(LOSS) ON ORDINARY          (143,894)           (140,968)      (262,365)
ACTIVITIES BEFORE TAXATION                                                     
Tax on Profits on Ordinary                0                    0              0
PROFIT/(LOSS) FOR THE FINANCIAL                                                
YEAR AFTER TAXATION                      (143,894)     (140,968)      (262,365)
V2 Ventures Plc 
Statement of Financial Position as at 30 June 2013                             
                                           2013          2012          2012        
                                        30th June     30th June     Year Ended   
                                        Unaudited     Unaudited       Audited  
Non Current Assets                                                             
Investments                                      0             0              0
                                                 0             0              0
Current Assets                                                                 
Debtors                                     65,867        43,037          6,000
Cash at bank and in hand                   136,494       344,709        275,430
                                           202,361       387,746        281,430
Total Assets                               202,361       387,746        281,430
Equity and Liabilities                                                         
Called up share capital                    104,363       104,363        104,363
Share Premium Account                      215,426       216,326        215,426
Other Reserves                             134,902       134,902        134,902
Retained Earnings                        (832,865)     (567,574)      (688,971)
Equity attributable to equity holders    (378,174)     (111,983)      (234,280)
of the company                                                                 
Current Liabilities                                                            
Trade and other payables                   580,535       499,729         42,674
NET CURRENT ASSETS/(LIABILITIES)           202,361       387,746      (191,606)
Non Current Liabilites                           0             0        473,036
TOTAL ASSETS LESS CURRENT                                                      
LIABILITIES                                202,361       387,746        281,430

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 2012. The financial information contained in this
announcement is unaudited and has not been reviewed by the Company's auditors.

The unaudited results for the period ended 30 June 2013 do not constitute
statutory accounts within the meaning of Section 435 of the Companies Act 2006.
The figures for the 12 months ended 31 December 2012 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 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.



Daniel Edelman/ Peter Holmes
+44 203384 3650

Eran Zucker +44 207469 0932

a d v e r t i s e m e n t