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Wilshaw PLC (WSW)

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Friday 30 March, 2007

Wilshaw PLC

Interim Results

Wilshaw PLC
30 March 2007


Interim results for the six months ended 30th September 2006

30 March 2007

Chairman's Statement

As previously reported Wilshaw PLC is a cash shell with cash and other assets
amounting to approximately £2.7million.

It should also be noted that, further to the announcement made on 9th January,
2007 with respect to the release of funds which will result in the repayment of
the loan advanced to Mr Scot Young in March 2006, the board has been advised
that a release of the funds from the escrow arrangements in order to repay the
loan is expected sometime in early April. The Company continues to take legal
advice on the matter to ensure its interests are protected.

Sir Benjamin Slade

Consolidated profit and loss account
for the half year ended 30th September 2006

                                           Note             Six months ended 30th      Six months ended 30th
                                                                   September 2006   September 2005  restated
                                                                            £'000                      £'000

Operating loss                                                   (117)                      (355)
                                                                  ____                       ____
Loss on ordinary activities before
interest                                                         (117)                      (355)

Interest payable receivable                                        7                          36
                                                                  ____                       ____

                                                                 (110)                      (319)
                                                                  ____                       ____

Retained loss for the financial period                           (110)                      (319)
                                                                  ====                       ====
Loss per share (basic and fully diluted)        2              (0.0028p)                   (0.01p)
                                                                =======                     =====

Consolidated statement of total recognised gains and losses
for the half year ended 30th September 2006

                                                                        UNAUDITED                  UNAUDITED
                                                            Six months ended 30th      Six months ended 30th
                                                                   September 2006    September 2005 restated
                                                                            £'000                      £'000

Loss for the period                                              (110)                      (319)
                                                                 _____                      _____

Total recognised gains and losses relating to                    (110)                      (319)
the period
                                                                  ====                       ====

Consolidated balance sheet
As at 30th September 2006

                                                                        UNAUDITED                  UNAUDITED
                                                                   30th September             30th September
                                                                             2006                       2005
                                                                 £'000                      £'000

Fixed assets                                                       2                          3
                                                                   __                         __
Current assets
Debtors                                                            15                         26
Current asset investments                                        2,036                       260
Cash at bank                                                      707                       2,581
                                                                 _____                      ______

Creditors: amounts falling due within one year                   2,758                      2,867
Trade and other creditors                                         (70)                       (99)
                                                                 _____                      _____

Net current assets                                               2,688                      2,768
                                                                  ====                       ====
Total assets less current liabilities                            2,690                      2,771

                                                                 _____                      _____

Net Assets                                                       2,690                      2,771
                                                                  ====                       ====
Called up share capital                                          1,960                      1,960
Special reserve                                                  1,131                       811
Profit and loss account                                          (401)                        -

                                                                 _____                      _____

                                                                 2,690                      2,771
                                                                  ====                       ====

Reconciliation of movements in shareholders'
funds for the half year ended 30th September 2006

                                                              UNAUDITED                  UNAUDITED 
                                                       Six months ended           Six months ended
                                                    30th September 2006        30th September 2005
                                                                  £'000                      £'000

Retained loss for the period                                      (110)                      (319)
                                                                  _____                      ______

Net movement in shareholders' funds                               (110)                      (319)

Opening shareholders' funds as previously
reported                                                          2,800                      3,091
                                                                  _____                      _____

                                                                  2,690                     (2,772)
                                                                   ====                       ====

                                                                         UNAUDITED                  UNAUDITED
                                                             Six months ended 30th      Six months ended 30th
                                                                    September 2006             September 2005
                                                  Note            £'000                      £'000

Cash flow from operating activities                               (115)                      (229)

Return on investments and servicing
of finance                                                          7                          37

                                                                  _____                      _____
Cash inflow/(outflow) before use of liquid
resources and financing                                           (108)                      (192)
                                                                  _____                      _____

Decrease in cash in the period                                    (108)                      (192)


1.  The unaudited financial information for each of the half years does not
amount to full accounts within the meaning of section 254 of the Companies Act
1985 and has not been delivered to the Registrar of Companies.  The comparative
figures are not the company's statutory account for that financial year.  The
accounts for the year ended 31st March 2006 have been reported on by the
company's auditors and delivered to the Registrar of Companies.  The report of
the auditors was unqualified and did not contain a statement under section 237
(2) or (3) of the Companies Act 1985.

Loss per share has been calculated based on the results after taxation and the
weighted average number of shares in issue during the six months ended 30th
September 2006 and 30th September 2005 of 39,205,000.

2.    Reconciliation of operating loss to operating cashflow

                                                                  Six months ended           Six months ended
                                                               30th September 2006        30th September 2005
                                                                  £'000                      £'000

Operating loss                                                    (110)                      (319)
Debtors decrease                                                    -                         116
Creditors decrease                                                 (5)                        (26)
                                                                  _____                      _____

                                                                  (115)                      (229)
                                                                   ====                       ====

3.             Reconciliation of net cashflow to movement in net funds

                                                                  Six months ended           Six months ended
                                                               30th September 2006        30th September 2005
                                                                  £'000                      £'000

Decrease in cash in the period                                    (108)                      (192)
Net cash inflow from management or liquid
resources                                                            -                          -
                                                                  _____                      _____

Change in net funds resulting from cashflows                      (108)                      (192)
Change in market value of investments                                -                        (196)
                                                                  _____                      ______

Movement in net funds in the period                               (108)                      (388)

Opening net funds                                                  815                       3,069
                                                                  _____                      _____

Closing net funds                                                  707                       2,681
                                                                   ====                       ====

4.   A copy of the statement will be available from the Company's Registered
Offices at 1 Bentinck Street, London W1V 2ED.  For further information contact
Mr Harvey Lawrence, Director, at the Company's Registered Office.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                          

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