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Venturia PLC (VRA)

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Friday 30 September, 2005

Venturia PLC

Interim Results

Venturia PLC
30 September 2005

                                  VENTURIA PLC

                  INTERIMS FOR THE 6 MONTHS ENDED 30 JUNE 2005



Chairman's Statement



The Company is disappointed to report a loss before taxation for the six months
to 30 June 2005 of £3,160, compared with a profit of £30,454 for the six months
to 30 June 2004. The Company's main source of income has been from the interest
receivable on its cash deposits, amounting to £16,884 for the period (six months
to 30 June 2004:£52,508).



Review of the Period



On 28 January 2005 the Company purchased preference and ordinary share capital
with nominal values of £130,000 and £75,100 respectively by way of a buy back by
the Company of its own shares.



In the meantime, the Directors continue to look for suitable acquisition
candidates. The likely industry sectors for investment are businesses which are
peripheral to industrial and commercial property or technology businesses,
particularly those involved in computing and telecommunications, in which the
members of the board of Venturia Plc have experience.





Balance Sheet and Cash Flow
As at 30 June 2005 the Company had cash resources of £448,320.



Dividend
The directors do not recommend a dividend.









Martin Robinson
Chairman
30 September 2005




PROFIT AND LOSS ACCOUNT


                                                     Unaudited              Unaudited           Audited
                                                       for the                for the           for the
                                                   6 months to            6 months to        year ended
                                                       30 June                30 June       31 December
                                            Notes         2005                   2004              2004
                                                             £                      £                 £

GROSS PROFIT                                          -                       -               -
Administrative expenses - ordinary                    (20,044)                (22,054)         (41,807)
Administrative expenses - exceptional items     2     -                       -                (38,996)

OPERATING LOSS                                        (20,044)                (22,054)         (80,803)
Interest receivable                                    16,884                  52,508          119,848

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION           (3,160)                 30,454           39,045

Tax on profit on ordinary activities            3     -                       -                -

PROFIT ON ORDINARY ACTIVITIES AFTER
TAXATION                                        9     (3,160)                 30,454           39,045

Earning per share - basic and diluted           4     (0.05)p                 0.03p            0.30p



Statement of total recognised gains and losses
There are no recognised gains or losses other than the loss shown above.






BALANCE SHEET




                                          Unaudited            Unaudited                Audited
                                            30 June              30 June            31 December
                                               2005                 2004                   2004
                                    Notes         £                    £                      £

CURRENT ASSETS
Debtors                                     20,490               9,934                12,507
Cash at bank and in hand                    448,320              2,923,352            2,953,791
                                            468,810              2,933,286            2,966,298

CREDITORS: amounts falling due
within one year                             48,508               60,317               84,738

NET CURRENT ASSETS                          420,302              2,872,969            2,881,560

PROVISIONS FOR LIABILITIES AND
CHARGES                                     -                    -                    -

                                            420,302              2,872,969            2,881,560

CAPITAL AND RESERVES
Called up share capital                5    55,775               217,250              260,875
Share premium account                       -                    4,369,314            -
Capital redemption reserve                  205,100              -                    -
Profit and loss account                     159,427              (1,713,595)          2,620,685

SHAREHOLDERS' FUNDS
Equity                                      420,302              2,742,969            2,751,560
Non-equity                                  -                    130,000              130,000
                                            420,320              2,872,969            2,881,560









CASH FLOW STATEMENT


                                              Unaudited           Unaudited                Audited
                                                For the             for the                for the
                                            6 months to         6 months to             Year ended
                                                30 June             30 June            31 December
                                                   2005                2004                   2004
                                        Notes         £                   £                      £

NET CASH OUTFLOW FROM OPERATING
ACTIVITIES                                                         (740,740)           (1,191,960)
                                          6(a) (64,257)            (26,604)            (63,429)

RETURN ON INVESTMENTS AND SERVICING OF
FINANCE
Interest received                              16,884              52,508              119,772

CAPITAL EXPENDITURE
Payments to acquire fixed assets               -                   -                   -

ACQUISITIONS AND DISPOSALS
Receipt from sale of business                  -                   -

MANAGEMENT OF LIQUID RESOURCES
Receipt from short-term deposits               -                   -                   -

FINANCING
Buy back of share capital                      (2,458,098)         -                   -

INCREASE/(DECREASE) IN CASH                    (2,505,471)         25,904              56,343


RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS

Increase/(decrease) in cash in the
period                                         (2,505,471)         25,904              56,343
Cash inflow from decrease in liquid resources  -                   -                   -

Movement in net funds                          (2,505,471)         25,904              56,343

Net funds at 1 January 2005                    2,953,791           2,897,448           2,897,448

Net funds at 30 June 2005                 6(b) 448,320             2,923,352           2,953,791







NOTES



1.              EARNINGS PER SHARE



The calculation of basic earnings per share is based on losses of £3,160 for the
period (30 June 2004: profit of £30,454), and on 6,739,268 ordinary shares being
the weighted average number of ordinary shares in issue during the period (30
June 2004: 87,250,000 ordinary shares).







2.              NOTES TO THE CASH FLOW STATEMENT



(a)            Reconciliation of operating loss to net cash outflow from
operating activities.


                               Unaudited           Unaudited             Audited
                         6 Months to  30      6 Months to 30       Year ended 31
                               June 2005           June 2004       December 2004


                                      £                    £                   £

Operating loss                  (20,044)            (22,054)             (80,727)
(Increase)/decrease in debtors  (7,983)             (6,534)              (9,107)
Increase/(decrease)  in         (36,230)            1,984                26,405
creditors
Net cash outflow from operating
activities                      (64,257)            (26,604)             (63,429)





(b)            Analysis of changes in net funds


                                   At 1 January                              At 30 June 2005
                                           2005             Cash flows
                                              £                      £                     £

Cash at bank and in hand              104,658                (34,271)                70,387
Liquid resources                      2,849,133              (2,471,200)             377,933

                                      2,953,791              (2,505,471)             448,320





3.              PUBLICATION OF NON STATUTORY ACCOUNTS



The financial information contained in this interim statement does not
constitute statutory accounts as defined in section 240 of the Companies Act
1985.  The financial information for the six months to 30 June 2004 is based on
the statutory accounts for the financial period ended 31 December 2004. Those
accounts, upon which the auditors issued an unqualified opinion, have been
delivered to the Registrar of Companies.






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