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Legendary Invest PLC (LEG)

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Monday 18 December, 2006

Legendary Invest PLC

Interim Results

Legendary Investments PLC
18 December 2006



                           LEGENDARY INVESTMENTS PLC
           INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2006



CHIEF EXECUTIVE'S STATEMENT


The first half of the financial year was spent disposing of various unprofitable
investments. In order to prevent deterioration of the Company's net asset
position, I wrote off £160,000 of loans that I had made to the Company. This
resulted in a net profit of £2,000. Various options to address the net asset
position are being explored. Further announcements will be made when
appropriate.



Shami Ahmed
18 December 2006


LEGENDARY INVESTMENTS PLC

PROFIT & LOSS

Six months ended 30th September 2006

                                                     30/09/2006    31/03/2006             30/09/2005
                                                      unaudited       audited              unaudited
                                                      (£'000's)     (£'000's)              (£'000's)

    Turnover                                                  -             -                      -

    Direct Costs                                              -             -                      -

    Gross Profit                                              -             -                      -

    Administrative Expenses                                  94          (68)                   (18)

    Net Profit / (Loss) on Investments                     (93)         (410)                  (335)

    Operating Profit/( Loss)                                  2         (478)                  (353)

    Income from Fixed Asset Investments                       -             -                      -

    Interest receivable                                       -             4                      3

    Interest payable                                          -          (36)                   (30)

    Loss on ordinary activities before interest &                       
    tax                                                       2         (510)                  (380)

    Tax                                                       -             -                      -

    Retained Profit / (Loss)                                  2         (510)                  (380)

    Basic Profit/(Loss) per ordinary share (pence          
    per share)                                             0.00        (0.08)                 (0.07)

    Fully diluted Profit/(Loss) (pence per share)          0.00        (0.08)                 (0.06)



    Note re above

    Directors' loans to the Company of £160,000 have been written off and credited to the Profit and
    Loss account as administrative expenses.


BALANCE SHEET

                                                          As at         As at                  As at 
                                                      30/9/2006     31/3/2006              30/9/2005
                                                      unaudited       audited              unaudited
                                                      (£'000's)     (£'000's)              (£'000's)

    Tangible Fixed assets                                     -             -                      -

    Tangible assets                                           9             9                      3

    Investments                                               9             9                      3

    Current Assets
    Current asset investments                                53            91                    542

    Debtors                                                   3             -                      7

    Cash at bank and in hand                                 13            42                    118
                                                             69           133                    667

    Creditors

    Creditors : amounts falling due within                
    one-year                                              (116)         (182)                  (580)

    Net Current liabilities / assets                       (47)          (49)                     88

    Total assets less current liabilities                  (38)          (40)                     91


    Capital Reserves

    Called up share capital                                 628           628                    628

    Share premium account                                 8,270         8,270                  8,270

    Profit and loss account- deficit                    (8,936)       (8,938)                (8,807)
                                                           (38)          (40)                     91



    CASH FLOW STATEMENT

    Six months ended 30th September 2006

                                                     30/09/2006    31/03/2006             30/09/2005
                                                      unaudited       audited              unaudited
                                                      (£'000's)     (£'000's)              (£'000's)

    Net cash outflow from operating activities             (40)         (178)                     13

    Returns on investments and servicing of finance
    Interest received                                         -             4                      3
    Interest paid                                             -          (36)                   (30)
                                                              -          (32)                   (27)

    Capital expenditure and financial investments
    Payments to acquire fixed asset investments               -             -                      -
    Payments to acquire current asset investments         (167)       (5,249)                (4,365)
    Receipts from fixed asset investments                     -             6                      -
    Receipts from current asset investments                 125         4,947                  4,042
                                                           (42)         (296)                  (323)
    Net cash outflow before investing activities           (82)         (506)                  (337)

    Financing
    Issue of shares                                           -             -                      -
    Directors loan                                           53           122                     28
                                                             53           122                     28

    Increase/(Decrease) in cash                            (29)         (384)                  (309)


    Notes to the Interim Accounts

    1. Accounting Policies
    The accounts have been prepared in accordance with applicable accounting standards under the
    historical cost accounting rules.

    2. Basis of Preparation of Interim Financial Information
    The financial information contained in this interim statement has not been audited or reviewed
    by the Company's Auditors and does not constitute accounts as defined by section 240 of the
    Companies Act 1985. The financial information for the year ended 31 March 2006 is based on the
    statutory accounts for that year. Those accounts, upon which the Company's Auditors issues an
    unqualified opinion, have been delivered to the Registrar of Companies.

    3. Earnings Per Share
    The calculation of earnings per share is based on the profit after tax for the financial period
    divided by the weighted average number of ordinary shares in issue during the period.

    4. Post Balance Sheet Events
    There have been no significant post balance sheet events.

    5. Interim Report
    This interim report will be available free of charge to the public, at the offices of Legendary
    Investments PLC, 2nd Floor Berkeley Square House, Berkeley Square, London W1A 6BD.




                      This information is provided by RNS
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