Guild Acquisitions plc

September 26, 2013 04:47 ET

Half Yearly Report


                                                                                 26 September 2013
                                      GUILD ACQUISITIONS PLC
                                       ("Guild" or "the Company")
                       Interim report for the half year ended 30 June 2013
Co-Chairman's statement

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.

Shaun Dowling
25 September 2013

Profit & loss account

                                                         6 months to   6 months to   12 months to
                                                        30 June 2013       30 June    31 December
                                                                              2012           2012
                                                           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)
after taxation

Loss per share                                          (0.02) pence        (0.00)   (0.05) pence

Balance sheet

                                                   At 30 June 2013    At 30 June 2012        At 31
                                                         Unaudited          Unaudited      Audited
                                                                 £                  £            £
Current assets                                                                                    
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.

        d.      Investments
                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
                and expertise.
           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
                accounting purposes.
      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 or from the ISDX Growth Market website at
Contact Details:

Stephen Corran
Guild Acquisitions plc:
Tel: 01624 676716

Fiona Kinghorn
Alexander David Securities Limited
45 Moorfields
London EC2Y 9AE
Tel: 020 7448 9800

Contact Information

  • Guild Acquisitions plc