Investment West Midlands plc
LSE : IWM

September 02, 2009 10:07 ET

Audited Results for the ten months ended 31 March 2009



                                                                                        02/09/2009
                                                                         GB00B0LFRQ80/GBP/PLUS-exn
                                                 
                                   INVESTMENTS WEST MIDLANDS PLC
                                                 
                      Audited Results for the ten months ended 31 March 2009

                                       CHAIRMAN'S  STATEMENT
                                                 
I am pleased to present the results for the ten months to 31 March 2009.

Trading in our shares has been suspended since 22 May 2009, following my announcement that we  had
received an approach for an acquisition and that Heads of Terms had been signed.  This acquisition
constitutes a reverse takeover of the Company and will be subject to shareholder approval.

I  am  happy  to  report that matters are progressing well and I expect to be  able  to  write  to
shareholders shortly with the readmission document.

The directors do not recommend the payment of a dividend for this period.

John Wheatley
Chairman

2 September 2009

                                 INVESTMENTS  WEST  MIDLANDS  PLC.
                                                 
                                                 
                                                  10  MONTHS  ENDED                      YEAR  ENDED
                                                   31  MARCH  2009                      31  MAY  2008
                                                         GBP                                 GBP
                                                                                               
PROFIT  AND  LOSS  ACCOUNT                                                                     
                                                                                               
Turnover                                                  -                                   -
Administrative Expenses                               (23,221)                             132,287
                                                       ______                               ______
Operating Loss                                        (23,221)                             132,287
Interest Receivable                                     6,169                               13,373
                                                       ______                               ______
Loss on ordinary activities before Tax                (17,052)                             145,610
Tax                                                       -                                   -
                                                       ______                               ______
(Loss)/Profit for the Year                            (17,052)                             145,610
                                                       ______                               ______
(Loss)/Profit per share                                (0.14p)                              1.16p
                                                                                               
                                                                                               
BALANCE  SHEET                                      31 MARCH 2009                       31  MAY  2008
                                                         GBP                                 GBP
                                                                                               
Tangible Fixed Assets                                     -                                   -
                                                                                               
CURRENT  ASSETS                                                                                
                                                                                               
     Debtors                                             4,514                               5,317
     Cash                                              237,732                             258,121
                                                       ______                               ______
                                                       242,246                             263,438
                                                                                               
Creditors : Amounts falling due within                                                         
one year                                                (8,080)                              12,220
                                                       ______                               ______
TOTAL  ASSETS  LESS  CURRENT                                                                   
LIABILITIES                                            234,166                             251,218
                                                       ______                               ______
                                                                                               

CAPITAL  AND  RESERVES                                                                         
                                                                                               
Called up share capital                                251,100                             251,100
                                                                                               
     Share premium account                             65,251                               60,756
     Warrant reserve                                      -                                  4,495
     Profit and loss account                          (82,185)                             (65,133)
                                                       ______                               ______
EQUITY  SHAREHOLDERS  FUNDS                            234,166                             251,218
                                                       ______                               ______
                                                                                               

Notes

    1.      The above financial information has been extracted from the audited accounts.

The Directors of Investments West Midlands Plc accept responsibility for this announcement.

Enquiries:

IWM
John Wheatley                     01905 773143

St Helens Capital plc
Duncan Vasey/Mark Anwyl           0207 628 5582




Contact Information

  • Investment West Midlands plc