Ronaldsway Private Equity Plc

August 31, 2012 10:57 ET

Final Results

                                       Ronaldsway Private Equity plc

                            Unaudited results for the year ended 31 March 2012

Chairman's statement

I am pleased to present my review of the Company for the year ending 31st March 2012.

The Company has found the last year extremely challenging as a holder of small cap. investments, and we,
along with the entire stockmarket, suffered a marketed deterioration in our underlying value.

After  the  year end, your Company aborted the proposed sale of its investments to Athol Gold & Value Ltd,
and  took  the  view that we should realise the majority of our portfolio through a careful and cautious
realisation programme.

This has now been largely achieved, allowing the Board the opportunity to facilitate a listing of one
of the numerous private companies looking to enter the smaller public market via a PLUS listing. We will
update shareholders with our plans in this regard as soon as a suitable transaction is agreed.

As at 31 August 2012, the Company holds cash balances of approximately £125,000 and has investments in the following companies which have a current aggregate estimated value of approximately £50,000:

 Fast Bet Solutions Plc (ordinary shares)
 MSGI Inc. (loan note)
 Port Erin Biopharma Investments Ltd (warrants)

Your  Board has continued to control costs in this difficult environment and the Directors worked for no
remuneration during the last year.

I  would  like to thank the Board, our advisors, and our shareholders for their continuing support during
the period under review.


Marcus Yeoman

31 August 2012

Ronaldsway Private Equity plc

FOR THE YEAR ENDED 31 March 2012

                                                                               2012             2011
                                                                               £                £
Discontinued operations                                                         -                237,105
Total turnover                                                                  -                237,105
COST OF SALES                                                                                   
Discontinued operations                                                         -                (1,564)
GROSS PROFIT                                                                                    
Discontinued operations                                                         -                235,541

ADMINISTRATIVE EXPENSES                                                                         
Continuing operations                                                           (44,262)         (39,631)
Discontinued operations                                                         -                (231,912)
Total administrative expenses                                                   (44,262)         (271,543)
OPERATING PROFIT/(LOSS)                                                                         
Continuing operations                                                           (44,262)         (39,631)
Discontinued operations                                                          -                3,629
Total operating loss                                                            (44,262)         (36,002)
Loss on disposal of discontinued operations                                      -               (336,437)
Loss on disposal of investments                                                 (161,038)        (161,038)
Finance income                                                                   19,573           6,793
LOSS ON ORDINARY ACTIVITIES BEFORE TAX                                          (185,727)        (365,646)
Tax on ordinary activities                                                        -               -
LOSS ON ORDINARY ACTIVITIES AFTER TAX                                           (185,727)        (365,646)
Loss per share attributable to owners of the Company during the                  pence            pence
Basic and fully diluted:                                                                        
Continuing operations                                                           (1.48)           (0.27)
Discontinued operations                                                         -                (2.66)
Total                                                                           (1.48)           (2.93)

Ronaldsway Private Equity plc

AS AT 31 March 2012

                                                                                         2012             2011
                                                                                            £                £
FIXED ASSETS                                                                                                    
Tangible assets                                                                               -              -
Investments                                                                              49,945        250,826
                                                                                         49,945        250,826
CURRENT ASSETS                                                                                                
Debtors                                                                                 144,040         32,285
Cash at bank                                                                              9,742        183,709
                                                                                        153,782        218,994
Amounts falling due within one year                                                    (20,521)        (60,528)
NET CURRENT ASSETS                                                                      133,261        158,466
NET ASSETS                                                                              183,206        409,292
CAPITAL AND RESERVES                                                                                          
Share capital                                                                           127,631        125,000
Share premium                                                                           658,222        648,353
Equity reserve                                                                           27,753         27,753
Revaluation reserve                                                                    (52,859)              -
Profit and loss account                                                               (577,541)       (391,814)
TOTAL SHAREHOLDERS' FUNDS                                                               183,206        409,292

Notes to the financial information

1.    The  calculation of loss per share is based on the weighted average number of shares of 12,500,000
      (2011: 12,500,000) in issue during the period.

2.    While  the  financial information included in this announcement has been computed in accordance with
      United  Kingdom  Generally Accepted Accounting Practice (UKGAAP), this announcement does not itself
      contain  sufficient information to comply with UKGAAP. The full financial statements of the company
      for the year will be posted to shareholders as soon as is practicable.

3.    The  financial  information in this announcement has not been audited or reviewed by the Company's

4.    The Directors have not declared a dividend for the period.

Registered No. 05667178

The Directors of Ronaldsway Private Equity plc accept responsibility for this announcement.

-- Enquiries --

Ronaldsway Private Equity Plc
Marcus Yeoman
T: 0797 002 8442

Peterhouse Corporate Finance Limited
Heena Karani
T: 020 7469 0933

Contact Information

  • Ronaldsway Private Equity Plc