Interim Results

Quintessentially English PLC 29 September 2004 Quintessentially English PLC ('Quintessentially English' or the 'Company') Interim Announcement The Company announces its maiden interim results for the period from incorporation on 16th January 2004 until 30th June 2004. There was a turnover of £Nil, and a loss after tax of £40,893. No directors received any remuneration during the period. No dividend is recommended. Since the Company's successful Admission to AIM in March, the Company has evaluated a number of potential investments and continues to do so. For further information: Quintessentially English PLC Mr. Michael Gurner, 07768 231 731 Profit And Loss Account For the period 16/01/04 to 30/06/04 Note Period Ended 30/06/2004 (unaudited) £ Turnover - Administrative expenses (42,498) --------------- Operating Loss (42,498) Interest Receivable 1,605 Loss on ordinary activities before taxation 1 (40,893) Taxation - --------------- Loss on ordinary activities after taxation (40,893) --------------- Basic and diluted earnings per Ordinary share (pence) (0.37) --------------- Dividends per share (pence) 0 --------------- Balance Sheet as at 30/06/04 Note 30/06/2004 (unaudited) £ Current Assets Bank - Money Market 240,779 Debtors 9,960 --------------- 250,739 --------------- Current Liabilities Creditors: Amounts falling due within one year Bank - Current Account (3,020) --------------- Net Assets 247,719 --------------- Called up share capital 2 111,769 Share premium 3 176,843 Profit and loss account (40,893) --------------- Equity shareholders funds 247,719 --------------- Net assets per share (pence) 4 2.22p --------------- Cash Flow Statement For the period from 16/01/04 to 30/06/04 Note Period Ended 30/06/2004 (unaudited) £ Net cash inflow from operating activities (52,456) Returns on investment and servicing of finance - Interest received 1,605 Financing Proceeds of issue of ordinary shares 325,500 Expenses of share issue (36,890) --------------- Increase in cash 237,759 --------------- Notes to the Interim Report 1. Loss on ordinary activities before taxation The loss for the period is representative of operational overheads incurred in the period. 2. Called up share capital The issued share capital comprises 11,176,865 ordinary shares of 1p each, consisting of 200 shares of 1p each issued as two £1 subscriber shares on incorporation and converted into 1p shares on 23rd February 2004, 6,666,665 ordinary shares of 1p each issued on 24th February 2004 and 4,510,000 ordinary shares of 1p each issued on 18th March 2004. 3. Share premium The share premium represents: £ Premium arising on issues of ordinary shares in the period 213,733 Expenses of share issues (36,890) --------------- At 30th June 2004 176,843 --------------- 4. Net assets per share The calculation of net assets per share is based on the net assets at the end of the period of £247,719 and on the number of ordinary shares in issue (11,176,865) at 30th June 2004. 5. Preparation of Interim Report The interim financial information for the period from incorporation to 30th June 2004 was approved by the directors on 24th September 2004. 6. Financial information The financial information in this statement does not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985. 7. Accounts Copies of the Interim Report are available for collection at the offices of the Company, 11 Cross Keys Close, London W1U 2DJ during normal office hours. This information is provided by RNS The company news service from the London Stock Exchange
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