Storyboard Assets Plc
LSE : STYP

June 28, 2013 06:35 ET

Audited Results for the year ended 31 January 2013

                                                                                                28/06/2013
                                                                                              GB00B3DBY868


                                           Storyboard Assets Plc
                                      ("Storyboard" or the "Company")
                                                     
                            Audited Results for the year ended 31 January 2013

Chairman's Statement

Following the approval of shareholders to sell assets at a general meeting held early last year, Storyboard
sold  the vast majority of its assets during the year to 31st January 2013. Sale prices were unquestionably
disappointing, leading to a loss for the full year of GBP 184,560. The Company continues to  hold  a  small
number of pieces which it expects to sell during the course of the current year.

Following shareholder approval at the General Meeting held on 21st June 2013, the company is now classified
as an investment vehicle.

The  Company's investment strategy will be to invest in a business or businesses which have some or all  of
the following characteristics:

*       strong management with a proven track record;

*       ready for investment without the need for material re-structuring by the Company;

*       generating positive cash flows or imminently likely to do so;

*       via  an  injection  of  new  finances  or  specialist  management,  the  Company  can  enhance  the
        prospects and therefore the future value of the investment;
        
*       able to benefit from the Directors' existing network of contacts; and

*       the potential to deliver significant returns for the Company.

The  Company  will  initially  focus  on  opportunities located in the  United  Kingdom  but  may  consider
investments in other geographical regions in the future.

Dividends

No dividends will be distributed for the year ended 31st January 2012.


Further  news  regarding progress made by the Company and any investments made will  be  announced  by  the
Company in due course.

Marcus Yeoman
Chairman







Storyboard Assets Plc (Registered number: 06436259)
Profit and Loss Account
For the year ended 31st January 2013
                                                                   Year Ended       Year Ended
                                                                     31.01.13         31.01.12
                                                                         GBP              GBP
TURNOVER                                                                    -               -
Administrative expenses                                                33,079          50,973
                                                                     ________         ________
OPERATING LOSS                                                       (33,079)         (50,973)
(Loss)/Profit on sale of Investments                                (151,481)          17,518
                                                                     ________         ________
LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION                                                     (184,560)         (33,455)
Tax on loss on ordinary activities                                          -               -
                                                                    _________          _______
LOSS FOR THE FINANCIAL YEAR
AFTER TAXATION                                                      (184,560)         (33,455)
                                                                     ________         ________
Earnings per share expressed
In pence per share
Basic                                                                  -14.93            -2.71
Diluted                                                                -14.93            -2.71
                                                                     ________         ________
DISCONTINUED OPERATIONS
The company's activity for the year have become discontinued.

TOTAL RECOGNISED GAINS AND LOSSES
The company has no recognised gains or losses other than the losses for the current year or previous
period.


Storyboard Assets Plc (Registered number: 06436259)
Balance Sheet
31st January 2013
                                                                     31.01.13         31.01.12
                                                                         GBP              GBP
FIXED ASSETS
Tangible assets                                                           196              293
Investments                                                            23,000          368,292
                                                                     ________         ________
                                                                       23,196          368,584
                                                                     ________         ________
CURRENT ASSETS
Debtors                                                                23,109            9,552
Cash at bank and in hand                                              155,714           10,194
                                                                     ________         ________
                                                                      178,823           19,746
CREDITORS
Amounts falling due within one year                                   (9,978)         (11,729)
                                                                     ________         ________
NET CURRENT (LIABILITIES/ASSETS)                                      168,844            8,017
                                                                     ________         ________
TOTAL ASSETS LESS CURRENT LIABILITIES                                 192,041          376,601
                                                                     ________         ________
CAPITAL AND RESERVES
Called up share capital                                               247,230          247,230
Share premium                                                         404,014          404,014
Profit and Loss account                                              (459,203)        (274,643)
                                                                     ________         ________
SHAREHOLDERS FUNDS                                                    192,041          376,601
                                                                     ________         ________

The financial statements were approved by the Board of Directors on 27 June 2013 and were signed on its
behalf by:


L N Heron - Director


The Directors of Storyboard are responsible for the contents of this announcement.

Contact Information:

Company:
Storyboard Assets Plc
Luke Heron
Tel: 07912 044 941

Corporate Adviser
Peterhouse Corporate Finance Limited
Duncan Vasey and Mark Anwyl
Tel: 020 7220 9796





Contact Information

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