Vipera Regulatory News (VIP)

29 Sep 2005 09:18

Ricmore PLC29 September 2005 Regulatory Announcement Company Ricmore plcTIDM RMRHeadline Interim Results RICMORE PLC INTERIM RESULTS FOR THE FOUR MONTH PERIOD ENDED 30 JUNE 2005 Chairman's Statement Ricmore was formed at the beginning of March of this year to establish, investin or acquire assets, businesses or companies in the financial and businessservices sector in the UK. A total of £398,701 of capital was raised and theCompany was admitted to AIM on 30 March 2005. In the four months to 30 June 2005, the Company incurred a loss of £6,752(equivalent to 0.04 pence per share) and at that date had cash of £323,923. The Directors have looked at various investment opportunities which have notbeen progressed and are presently considering a number of further opportunities.In the meantime costs are being kept to a minimum and cash conserved. John Shaw Chairman 29 September 2005 RICMORE PLC UNAUDITED PROFIT AND LOSS ACCOUNT For the four month period ended 30 June 2005 Note 30 June 2005 £ Turnover -Operating expenses 8,655 Operating profit/(loss) (8,655) Interest income 1,903 Profit/(loss) before taxation (6,752)Taxation - Profit/(loss) after taxation (6,752) Dividends paid - Retained profit/(loss) for the period (6,752) (Loss) per share (pence) 2 (0.04) p The company's expenses all relate to continuing operations. The company has norecognised gains or losses other than the profit for the period, which has beencalculated on the historical cost basis. The Company was incorporated on 4 March 2005. The Company's Accounting ReferenceDate is 31 December. Accordingly, these first interim results reflect the fourmonth period to 30 June 2005 and there are no comparatives. RICMORE PLC UNAUDITED BALANCE SHEET As at 30 June 2005 30 June 30 June 2005 2005 £ £Fixed AssetsTangible assets - Current assetsCash at bank 323,923Debtors and prepayments 8,119 332,042Creditors: amounts falling due within one year (12,058) Net current assets 319,784 Net assets 319,784 Capital and reservesCalled up share capital 3 219,351Share premium account 107,185Profit and loss account (6,752) Shareholders' funds 319,784 Reconciliation of movements in shareholders' funds for the period ended 30 June 2005 Share Share Profit & Total Capital Premium Loss Shareholders' Account Funds £ £ £ £ Balance at - - - -incorporationShare capital issued 219,351 179,350 - 398,701Costs of issue - (72,165) - (72,165)Profit/(loss) for theperiod - - (6,752) (6,752) Balance at 30 June2005 219,351 107,185 (6,752) 319,784 NOTES TO THE UNAUDITED FINANCIAL STATEMENTS1 The financial information for the period ended 30 June 2005 is unaudited and has been prepared on the basis of the Company's adopted accounting policies. This financial information does not constitute statutory accounts as defined in Section 240 of the Companies Act 1985. 2 Loss per share The loss per share has been calculated by dividing the loss after taxation of £6,752 by the weighted average number of Ordinary Shares in issue of 18,471,482. 3 Share capital At 30 June 2005 the Company had 21,935,050 Ordinary Shares of 1p each in issue. This information is provided by RNS The company news service from the London Stock Exchange