Hanseatic & Baltic Properties plc
LSE : HBPO

May 29, 2009 10:11 ET

Final Results year ended 31 December 2008

HANSEATIC & BALTIC PROPERTIES PLC
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008

Chairman's statement
On behalf of the Board of Directors of Hanseatic & Baltic Properties Plc, I have the pleasure of presenting
to you the results of the company for the year ended 31 December 2008.

Overview
The accounts for the year to 31 December 2008 showed a loss of GBP30,142.

Outlook
The  company remains a cash shell at present but we are actively seeking investments to enhance shareholder
value; to this end we have reorganised the company's share capital as per note 8 of the accounts.   We  are
maintaining  a  tight  control of the Company's resources, which we consider adequate  to  support  current
levels of expenditure. The cash resources remain adequate for the current level of routine transactions but
will be reviewed once opportunities to return to profitability present themselves.






WNV Weller

Director



28 May 2009

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller
Hanseatic & Baltic Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel:  +44 (0) 20 7309 2281
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762



HANSEATIC & BALTIC PROPERTIES PLC
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2008
                                                                         2008               2007
                                                                          GBP               GBP
                                                                                          
                                                                                          
Administrative expenses                                                 (30,269)          (27,086)
                                                                        -------           -------
                                                                                          
Operating loss                                                          (30,269)          (27,086)
Interest received                                                           127               686
                                                                        -------           -------
                                                                                          
Loss on ordinary activities before taxation                             (30,142)          (26,400)
                                                                                          
Tax on loss on ordinary activities                                         -                 -
                                                                        -------           -------
                                                                           -                 -
Loss for the year                                                       (30,142)          (26,400)
                                                                        =======           =======
                                                                                          
                                                                                          
Loss per share - Basic                                                  (0.05p)           (0.04)p


The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.




HANSEATIC & BALTIC PROPERTIES PLC
BALANCE SHEET
AS AT 31 DECEMBER 2008

                                                               2008                         2007
                                                        GBP           GBP            GBP            GBP
                                                                                                
Current assets                                                                                  
Debtors                                                  -                            783            
Cash at bank and in hand                               311                         13,412        
                                                   -------                        -------     
                                                       311                         14,195         
                                                                                                
Creditors: amounts falling due within                                                           
one year                                           (25,167)                       (44,159)
                                                   -------                        -------        
                                                                                                
Total assets less current liabilities                             (24,856)                      (29,964)
                                                                                                
Creditors: amounts falling due after                                                            
more than one year                                                                              
                                                                  (35,250)                          -
                                                                  -------                       -------
                                                                  (60,106)                      (29,964)
                                                                  =======                       =======
Capital and reserves                                                                            
Called up share capital                                            64,750                        64,750
Profit and loss account                                          (124,856)                      (94,714)
                                                                  -------                       -------
Shareholders' funds - equity interests                            (60,106)                      (29,964)
                                                                  =======                       =======






HANSEATIC & BALTIC PROPERTIES PLC
NOTES TO PRELIMINARY RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2008

1.      The  financial information set out above does not constitute statutory accounts for the purpose  of
Section  240  of the Companies Act 1985.   The financial information has been extracted from the  statutory
accounts  of  Hanseatic & Baltic Properties Plc and is presented using the same accounting policies,  which
have  not  yet  been filed with the Registrar of companies, but on which the auditors gave  an  unqualified
report on 28 May 2009.

2.     Earnings per share
Basic  earnings  per share is calculated by dividing the earnings attributable to ordinary shareholders  by
the  weighted  average number of ordinary shares during the period. The weighted average number  of  equity
shares  in  issue  was 64,750,000 (2007 - 64,750,000) and the loss after tax was GBP  30,142  (2007  -  GBP
26,400).

Contact Information

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