13 September 2012
GUILD ACQUISITIONS PLC
("Guild" or "the Company")
Interim report - half year ended 30 June 2012
Co-Chairman's statement
In the half year to 30 June 2012, Guild Acquisitions plc reports a loss of £1,428 (2011: £19,594).
Administrative expenses for the period were £25,196 (2011: £25,967), offset by an unrealised
profit of £23,566 on investments.
Following comments in my last statement PLUS-SX, the quotations and listings arm of PLUS Markets
Group was taken over by ICAP plc on 21 June 2012. The Company continues to trade on PLUS.
Shaun Dowling
Co-Chairman
7 September 2012
Profit & loss account
6 months to 6 months to 12 months to
30 June 2012 30 June 31 December
2011 2011
Unaudited Unaudited Audited
£ £ £
Turnover - - -
Cost of sales-exceptional item (23,566) (6,373) 11,418
Gross Profit (Loss) 23,566 6,373 (11,418)
Administrative expenses 25,196 25,967 50,186
Operating profit (loss) (1,630) (19,594) (61,604)
Interest income 202 - -
Profit (Loss) on ordinary activities before (1,428) (19,594) (61,604)
and after taxation
Profit (Loss) per share (0.00) pence (0.01) (0.04) pence
pence
Balance sheet
At 30 June 2012 At 30 June At 31
2011 December
2011
Unaudited Unaudited Audited
£ £ £
Current assets
Debtors 10,404 8,780 1,200
Investments 341,319 305,544 317,753
Cash at bank 172,019 259,826 216,045
523,742 574,150 535,492
Creditors
Amounts falling due within one year (4,242) (11,212) (14,564)
Net current assets 519,500 562,938 520,928
Creditors
Amounts falling due over one year (66,000) (62,000) (66,000)
Total assets less current liabilities 453,500 500,938 454,928
Capital and reserves
Called up share capital 474,760 474,760 474,760
Share premium account 422,882 422,882 422,882
Other reserves 4,000 8,000 4,000
Profit and loss account (448,142) (404,704) (446,714)
Equity shareholders' funds 453,500 500,938 454,928
Net Asset Value per share 0.24 pence 0.27 pence 0.24 pence
Interim report notes
1. Interim report
The information relates to the 6 month period from 1 January to 30 June 2012
The interim report was approved by the Directors on 7th September 2012
The interim report is unaudited.
2. Basis of accounting
a. The report has been prepared in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). The information
does not constitute statutory accounts within the meaning of section 240 of the Companies Act
1985.
b. These interim financial statements are the financial statements of the Company.
c. The financial statements are prepared under the historical cost convention and are in
accordance with applicable accounting standards.
d. Investments
i. Investments are held as current asset trade investments and are valued at the lower of
cost and net realisable value. Foreign denomination loans are translated into sterling at the
rate of exchange ruling at the balance sheet date. For those investments listed on a recognised
market, net realisable value is taken as mid-market price. Where the directors consider the market
price of a company is likely to irreversibly fall, additional write downs in valuation to below
mid-market price are made.
ii. The net realisable value of certain investments is not readily determinable by reference
to a quoted market price. The directors have therefore made their own assessment of the net
realisable value and adjusted the carrying value of the investment where it is considered less
than cost. This estimate requires estimation techniques, which are reliant upon their experience
and expertise.
iii. These current asset trade investments are held as part of an investment portfolio and no
investment is made as a media through which the Company carries on its business. Investments which
may otherwise be classified as Associates, do not therefore fall within this classification for
accounting purposes.
e. The Company will report again for the full year to 31 December 2012.
Copies of this interim report are available free of charge by application in writing to the
Company Secretary at 26 Victoria Street, Douglas, Isle of Man, IM1 2LE, by email to
[email protected] or from the PLUS website at www.plusmarketsgroup.com.
Contact Details:
Stephen Corran
Guild Acquisitions plc:
Tel: 01624 676716
Email: [email protected]
Fiona Kinghorn
Alexander David Securities Limited
45 Moorfields
London EC2Y 9AE
Tel: 020 7448 9800
Guild Acquisitions plc