Gledhow Investments plc (GDH) Gledhow Investments plc: Interim
Financial Results to 31 March 2023 06-Jun-2023 / 07:00 GMT/BST
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Gledhow Investments plc Interim results for the six-months ended
to 31 March 2023
6 June 2023 Results
Gledhow Investments plc ("Gledhow" or the "Company") is pleased
to announce its unaudited half year results ("interim results") for
the six-month period from 1 October 2022 to 31 March 2023. These
interim results have not been audited or reviewed by the Company's
auditor.
The Company continues to pursue its investment strategy which
has the objective of achieving long-term capital growth.
The Company had cash of GBP 339,447 at the period end. The
Company made a pre-tax loss of GBP 93,873 which included net
unrealised losses on investments of GBP 266,960.
Despite the uncertain economic environment, the Company is in a
strong position, thanks to its strong cash position, and we look
forward to being able to make opportunistic investments in small to
medium sized undervalued companies as they arise.
The directors of the issuer accept responsibility for the
contents of this announcement.
For further information please contact:
Guy Miller 020 7220 9795 (Gledhow Investments plc)
Profit and Loss Account
for the six-months ended 31 March 2023
Continuing operations Six months to Six months to
31 March 2023 31 March 2022
GBP GBP
Turnover
Proceeds from sale of investments 597,990 512,207
Cost of sales (including unrealised gains and losses on investments held for resale) (667,050) (775,517)
Gross loss (69,060) (263,310)
Administrative expenses (24,813) (29,515)
Loss on ordinary activities before tax (93,873) (292,825)
Taxation - 55,637
Loss for the period (93,873) (237,188)
Loss per share - Basic (pence) (0.11)p (0.25)p
Balance Sheet as at 31 March 2023
31 March 2023 31 March 2022
GBP GBP
Current assets
Investments held for resale 1,104,770 2,209,760
Debtors 162,509 54,080
Cash at bank and in hand 339,447 215,980
Total current assets 1,606,726 2,479,820
Creditors: amounts falling due within one year
(2,446) (114,507)
Net current assets less current liabilities 1,604,280 2,365,313
Capital and reserves
Called up share capital 975,714 975,714
Share premium account 384,408 384,408
Profit and loss account 194,190 955,223
Other reserve 49,968 49,968
Shareholders' funds - equity interests 1,604,280 2,365,313
Notes
1. The interim results together with the related notes set out
below have been approved by the board of directors of Gledhow
Investments plc.
2. The Company's strategy is to make short to medium term
investments in small to medium sized quoted or unquoted
companies.
3. The financial results detailed above have not been audited or
reviewed in accordance with the International Standard on Review
Engagements 2410 issued by the Auditing Practices Board.
The principal accounting policies used in preparing these
interim accounts are those expected to apply in the Company's
Financial Statements for the year ending 30 September 2023 and are
unchanged from those disclosed in the Company's Annual Report for
the year ended 30 September 2022.
4. Called up share capital includes 9,949,084 Ordinary Shares of
1p each held as treasury shares by the Company.
5. Earnings per share - Basic
The earnings per share for the six months ended 31 March 2023 is
calculated on the loss on ordinary activities after tax of
GBP93,873 (2022: loss of GBP237,188) divided by the weighted
average number of 87,622,344 (2022: 95,658,143) ordinary shares of
1p each in issue (which excludes the treasury shares held by the
Company) during the period.
6. The financial information in this report does not constitute
Statutory Accounts within the meaning of Section 434 of the
Companies Act 2006. The financial statements for the year ended 30
September 2022 have been delivered to the Registrar of Companies
and the auditors' report on those financial statements was
unqualified and did not contain a statement made under Section
498(2) or Section 498(3) of the Companies Act 2006.
.
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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ISIN: GB0008842717
Category Code: MSCM
TIDM: GDH
Sequence No.: 248684
EQS News ID: 1649871
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 06, 2023 02:00 ET (06:00 GMT)
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