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Yellow Cat Uranium Plc (YCUP)

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Tuesday 01 June, 2010

Yellow Cat Uranium Plc

Final Results


                            YELLOW CAT URANIUM PLC                             

                  Results for the year ended 31 December 2009                  

Statement by the Board

The Directors are pleased to present the annual report and audited accounts for
Yellow Cat Uranium plc covering the year to 31st December 2009. The results
show a loss of £55,580 for the year to 31 December 2009 compared to a loss of 
£431,857 in the year to 31 December 2008.

During the year, Directors have continued their search for suitable new
ventures for the Company. They are currently in early stage discussions with
parties owning substantial uranium assets in Africa regarding the possibility
of the Company acquiring all or part of such assets. A further announcement
will be made in due course.

No progress has been possible on the uranium exploration properties in Utah and
Colorado, as the early drilling results were inconclusive and due to the
difficulty of raising money for early stage exploration projects.

The Directors do not recommend the payment of a dividend.

Mahesh Patel
Director
28th May 2010


Group profit and loss account for the year ended 31 December 2009

                                         Year ended 31   Year ended 31
                                         December 2009   December 2008
                                                                      
                                                     £               £
                                                                      
Turnover                                             -               -
                                                                      
Cost of sales                                        -               -
                                                                      
Gross profit                                         -               -
                                                                      
Administrative expenses                       (67,153)       (229,947)
                                                                      
Impairment charge                                    -       (213,007)
                                                                      
Currency gain/(loss)                             (430)           8,948
                                                                      
Operating loss                                (67,583)       (434,006)
                                                                      
Interest receivable                                  3           2,149
                                                                      
Other income                                    12,000               -
                                                                      
Interest payable                                     -               -
                                                                      
Loss on ordinary activities before            (55,580)       (431,857)
taxation                                                              
                                                                      
Taxation                                             -               -
                                                                      
Loss on ordinary activities after             (55,580)       (431,857)
taxation                                                              
                                                                      
Dividends                                            -               -
                                                                      
Retained loss for the period                  (55,580)       (431,857)
attributable to Shareholders of the                                   
Company                                                               
                                                                      
Loss per share - basic                    (0.01) pence    (0.09) pence

All the operations are considered to be continuing.


Group balance sheet
As at 31 December 2009

                              31 December 2009        31 December 2008   
                                      £                      £           
                                                                         
Fixed assets                                44,200                 44,200
                                                                         
Intangible assets                                                        
                                                                         
                                            44,200                 44,200
                                                                         
Current assets                 15,672                   22,305           
                                                                         
Debtors                         1,867                   40,913           
                                                                         
Cash at bank                                                             
                                                                         
                               17,539                   63,218           
                                                                         
Creditors - amounts due      (42,975)                 (31,482)           
within one year                                                          
                                                                         
Net current (liabilities)/                (25,436)                 31,736
assets                                                                   
                                                                         
Net assets                                  18,764                 75,936
                                                                         
Share capital and reserves     93,000                   93,000           
                                                                         
Called-up share capital       700,602                  700,602           
                                                                         
Share premium account         (4,000)                  (4,000)           
                                                                         
Treasury shares reserve        20,811                   22,403           
                                                                         
Foreign exchange reserve                                                 
                                                                         
Profit and loss account     (791,649)                (736,069)           
                                                                         
Total shareholders' funds                   18,764                 75,936
                                                                         

The consolidated results for the period have been prepared by the company's
auditors but have not yet been formally signed off as audited accounts. It is
the Directors belief that the annual accounts from which this financial
information has been extracted will be signed off by the auditors within the
next fortnight. An announcement will be made at that stage.

However, it is likely that the auditors of the company, Chapman Davis LLP, will
in their report make the following statement:

"Emphasis of matter - Going concern

In forming our opinion on the financial statements, which is not qualified, we
have considered the adequacy of the disclosures made in the statement of
accounting policies to the financial statements concerning the Company's
ability to continue as a going concern. The group incurred a net cash decrease
of £55,580 during the year ended 31 December 2009 and, at that date the group's
current liabilities exceeded its current assets by £25,436. These conditions,
along with the other matters explained in the statement of accounting policies
to the financial statements, indicate the existence of a material uncertainty,
which may cast significant doubt about the Company's ability to continue as a
going concern. The financial statements do not include the adjustments that
would result if the Company was unable to continue as a going concern."


              

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