Downing Distribution VCT 1 plc : Net Asset Valu...

Downing Distribution VCT 1 plc
Net asset value / portfolio update
7 October 2013

Downing Distribution VCT 1 plc announces that its unaudited Net Asset Value as at 31 August 2013 was as follows:

	Unaudited 31 August 2013
	Pence
Net Asset Value per share	71.0

The unaudited investment portfolio as at 31 August 2013 is summarised as follows:

	Valuation
	£'000
Venture Capital Investments
Cadbury House Holdings Limited	2,063
Hoole Hall Country Club Holdings Limited	1,584
Ludorum plc	1,181
Hoole Hall Spa and Leisure Club Limited	1,068
Accumuli plc	749
Vulcan Renewables Limited	700
First Care Limited	668
Plastics Capital plc	610
Inland Homes plc	563
Universe Group plc	511
Aminghurst Limited	493
Leytonstone Pub Limited	459
Science in Sport plc	404
Baron House Developments LLP	385
Tracsis plc	320
Tramps Nightclub Limited	257
IDOX plc	217
Future Biogas (SF) Limited	212
Mosaic Spa and Health Clubs Limited	200
Vianet Group plc	145
Aimshell Acquisitions plc	93
Belgravium Technologies plc	50
Hasgrove plc	31
Keycom plc	14
Travelzest plc	3
Southampton Hotel Developments Limited	-
The Thames Club Limited	-
Top Ten Holdings plc	-
	12,980
Fixed interest securities
Ulster Bank (IRE) 11.75% Subord	260
Cash at bank and in hand	706
Total investments	13,946

The unaudited balance sheet as at 31 August 2013 is summarised as follows:

	£'000
Fixed assets
Investments	13,240
Current assets
Debtors	78
Bank	706
	784
Current liabilities
Creditors	(115)
Net current assets	669
Net assets	13,909
Represented by :
Called up share capital	196
Capital redemption reserve	1,153
Share premium account	315
Special Reserve	13,743
Capital reserve - unrealised	(2,537)
Capital reserve - realised	1,025
Revenue reserve	14
	13,909

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Source: Downing Distribution VCT 1 plc via Thomson Reuters ONE

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