26 September 2013
GUILD ACQUISITIONS PLC
("Guild" or "the Company")
Interim report for the half year ended 30 June 2013
In the half year to 30 June 2013, Guild Acquisitions plc reports a loss of £37,438 (2012: £1,428).
Administrative expenses for the period were £23,788 (2012: £25,196).
The Company remains quoted on the ISDX Growth Market.
25 September 2013
Profit & loss account
6 months to 6 months to 12 months to
30 June 2013 30 June 31 December
Unaudited Unaudited Audited
£ £ £
Unrealised (loss)/profit (13,650) 23,566 (38,891)
Gross (loss)/profit (13,650) 23,566 (38,891)
Administrative expenses (23,788) (25,196) (48,502)
Operating loss (37,438) (1,630) (87,393)
Interest income - 202 -
Loss on ordinary activities before and (37,438) (1,428) (87,393)
Loss per share (0.02) pence (0.00) (0.05) pence
At 30 June 2013 At 30 June 2012 At 31
Unaudited Unaudited Audited
£ £ £
Debtors 11,850 10,404 51,200
Investments 352,590 341,319 359,573
Cash at bank 37,654 172,019 31,281
402,094 523,742 442,054
Amounts falling due within one year (75,997) (4,242) (78,519)
Net current assets 326,097 519,500 363,535
Amounts falling due over one year - (66,000) -
Total assets less current liabilities 326,097 453,500 363,535
Capital and reserves
Called up share capital 474,760 474,760 474,760
Share premium account 422,882 422,882 422,882
Other reserves - 4,000 -
Profit and loss account (571,545) (448,142) (534,107)
Equity shareholders' funds 326,097 453,500 363,535
Net Asset Value per share 0.17 pence 0.24 pence 0.20 pence
Interim report notes
1. Interim report
The information relates to the 6 month period from 1 January to 30 June 2013
The interim report was approved by the Directors on 25 September 2013
The interim report is unaudited.
2. Basis of accounting
a. The report has been prepared in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). The information
does not constitute statutory accounts within the meaning of section 240 of the Companies Act
b. These interim financial statements are the financial statements of the Company.
c. The financial statements are prepared under the historical cost convention and are in
accordance with applicable accounting standards.
i.Investments are held as current asset trade investments and are valued at the lower of
cost and net realisable value. Foreign denomination loans are translated into sterling at the
rate of exchange ruling at the balance sheet date. For those investments listed on a recognised
market, net realisable value is taken as mid-market price. Where the directors consider the market
price of a company is likely to irreversibly fall, additional write downs in valuation to below
mid-market price are made.
ii. The net realisable value of certain investments is not readily determinable by reference
to a quoted market price. The directors have therefore made their own assessment of the net
realisable value and adjusted the carrying value of the investment where it is considered less
than cost. This estimate requires estimation techniques, which are reliant upon their experience
iii. These current asset trade investments are held as part of an investment portfolio and no
investment is made as a media through which the Company carries on its business. Investments which
may otherwise be classified as Associates do not therefore fall within this classification for
e. The Company will report again for the full year to 31 December 2013.
The directors of Guild Acquisitions plc accept responsibility for this announcement.
Copies of this interim report are available free of charge by application in writing to the
Company Secretary at Queen Victoria House, 41-43 Victoria Street, Douglas, Isle of Man, IM1 2LF,
by email to email@example.com or from the ISDX Growth Market website at http://www.isdx.com/
Guild Acquisitions plc:
Tel: 01624 676716
Alexander David Securities Limited
London EC2Y 9AE
Tel: 020 7448 9800