NNN.L Regulatory News (NNN)

30 Jun 2006 07:02

9999 plc30 June 2006 9999 PLC PRELIMINARY STATEMENT OF RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2005 9999 plc was admitted to AIM in March 2005 its stated strategy is to seekinvestments in specific areas of the financial services sector For further information please contact M Kalairajah, Executive Chairman 020 8853 22209999 plc D C Page, Executive Director 020 8853 22209999 plc 9999 PLC PRELIMINARY STATEMENT OF RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2005 CHAIRMAN'S STATEMENT BACKGROUND AND REVIEW OF THE PERIOD When the company was admitted to AIM in March 2005 its stated strategy was toseek investments in specific areas of the financial services sector, namely: • Financial trading entities using technical fundamental principles to trade in the equity markets, currencies and equity future markets in the UK and US; • Stockbrokers, either quoted or unquoted; and • Certain sectors within the independent financial advisory arena Since coming to the market the Board has been, and is continuing to seek andidentify investments in the sectors noted above. The Company's shares weresuspended on 31 March 2006 in accordance with Aim Rules. RESULTS The Company's cash balance as at 31 December 2005, after settling the costs ofthe placing and admission to AIM, were £206,833. The Company's very low levelof overhead expenditure means that cash levels have not reduced significantlysince this date. The Directors have placed the Company's free cash balances oninterest bearing deposit account with its bankers pending identification of anappropriate investment opportunity. I look forward to updating you further on our progress. M S KalairajahChairman of the Board 29 June 2006 9999 PLC PROFIT AND LOSS ACCOUNT Period ended 31 December 2005 Note Period ended 31 December 2005 £ Administrative expenses (33,738) OPERATING LOSS 2 (33,738) Interest receivable (bank interest) 4,365 LOSS ON ORDINARY ACTIVITIE BEFORE TAXATION (29,373) Tax on loss on ordinary activities 5 - LOSS ON ORDINARY ACTIVITIES AFTER TAXATIONAND MINORITY INTERESTS FOR THEFINANCIAL PERIOD (29,373) BASIC LOSS PER ORDINARY SHARE 14 (0.065)p DILUTED LOSS PER ORDINARY SHARE 14 (0.065)p The period ended 31 December 2005 was the Company's first period of trading andhence no comparative amounts are presented. There are no recognised gains and losses other than those passing through theprofit and loss account. 9999 PLC BALANCE SHEET As at 31 December 2005 Note 31 December 2005 £CURRENT ASSETSCash at bank and in hand 206,833 CREDITORS: amounts falling due within one period 6 10,571 NET CURRENT ASSETS 196,262 TOTAL ASSETS LESS CURRENT LIABILITIES 196,262 CAPITAL AND RESERVESCalled up share capital 7 112,500Share premium account 8 113,135Profit and loss reserve 8 (29,373) TOTAL EQUITY SHAREHOLDERS' FUNDS 9 196,262 9999 PLC CASHFLOW STATEMENT AND NOTES Period ended 31 December 2005 Note Period ended 31 December 2005 £ Net cash outflow in respect of operating activities 10 (23,167) Returns on investments and servicing of finance Interest received 4,365 Net cash inflow from returns on investmentsand servicing of finance (18,802) FinancingIssue of share capital 300,000Costs of issuing share capital (74,365) Net cash inflow from financing 225,635 Increase in cash 11 206,833 RECONCILIATION OF OPERATING LOSS TO NET CASHFLOW FROM OPERATING ACTIVITIES Period ended 31 December 2005 £ Operating loss (33,738) Increase in creditors 10,571 Net cash outflow from operating activities (23,167) 9999 PLC CASHFLOW STATEMENT AND NOTES Period ended 31 December 2005 RECONCILIATION OF NET CASH OUTFLOW TO MOVEMENT IN NET FUNDS Period ended 31 December 2005 £ Increase in cash in the period 206,833 Net funds at 31 December 2005 206,833 ANALYSIS OF CHANGES IN NET FUNDS 31 8 March Cashflow December 2005 2005 £ £ £ Cash at bank and in hand - 206,833 206,833 9999 PLC NOTES TO THE PRELIMINARY STATEMENT 1 NATURE OF THE FINANCIAL INFORMATION The financial information set out above does not constitute fullaccounts for the purposes of section 240 of the Companies Act 1985. Thefinancial information has been extracted from the Company's accounts for theperiod ended 31 December 2005 on which the auditors, MRI Moores Rowland LLP,have given an unqualified opinion. 2 TAX ON LOSS ON ORDINARY ACTIVITIES Period ended 31 December 2005 £ UK corporate tax at 30% - Factors effecting tax charge for the current period Loss on ordinary activities before tax (29,373) Loss on ordinary activities before taxation multiplied by (8,812)the standard rate of UK Corporation tax of 30%Effects of:Unutilised losses carried forward 8,812 Current UK tax charge for the period - 3 LOSS PER SHARE Basic loss per share is calculated by dividing the loss attributable toordinary shareholders by the weighted average number of shares in issue duringthe period. Diluted loss per share is computed using the weighted averagenumber of shares outstanding during the period adjusted for the dilutive effectof stock options outstanding during the period. However, the inclusion of anydilutive items may not dilute a basic loss per share. The calculations of loss per share and diluted loss per share are based on thefollowing losses and number of shares: Period ended 31 December 2005 £ Basic loss attributable to ordinary shareholders (£) (29,373) Weighted average number of ordinary shares 45,000,000 Diluted weighted average number of ordinary shares 51,000,000 Loss per share (0.065)p Diluted loss per share (0.065)p 4. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS Period ended 31 December 2005 £ Loss for the financial period (29,373)Issue of shares 300,000Costs of issuing share capital (74,365) Net increase in equity shareholders' funds 196,262Opening equity shareholders' funds - Closing equity shareholders' funds 196,262 Copies of the report and accounts of the Company for the period ended 31December 2005 may be collected from the Registered Office. Copies will be sentto shareholders. Registered Office:3rd FloorCollege ApproachLondonGreenwichSE10 9HY For further information please contact: M Kalairajah, 9999 plc020 8853 2220 This information is provided by RNS The company news service from the London Stock Exchange