HJ Liquid Assets plc
GXG : HJL

July 17, 2015 03:00 ET

HJ Liquid Assets Plc: Interim Results

FOR:  HJ LIQUID ASSETS PLC
 
GXG SYMBOL:  HJL

July 17, 2015

HJ Liquid Assets Plc: Interim Results

LONDON, UNITED KINGDOM--(Marketwired - July 17, 2015) - 

HJ Liquid Assets Plc 

Unaudited Interim Accounts for the period ended 31 May 2015

CHAIRMAN'S STATEMENT 

On behalf of the Board I am pleased to present the unaudited results for HJ Liquid Assets plc (the "Company") for the 
period from incorporation on 3 November 2014 to 31 May 2015.

HJ Liquid Assets was founded in order to invest in liquid assets that are readily convertible into cash (that is 
within 30 days) by way of the issuance of a 10 year 3.0% bond.

The Company expects to generate revenue by using the bond proceeds for G10 intra-day currency trading, closed ended 
single stock arbitrage trading and trading of liquid assets to include cash, foreign currency, money market mutual 
funds, government bonds and other assets which can be converted into cash in a relatively short period of time.

The Company made a loss of £81,752 during this period which is in line with expectations as the Company's debenture 
was not admitted to GXG's Main Quote market until 31 March 2015, and the proceeds of the bond issuance have yet to be 
invested.

M J Stephen 

17 July 2015 

The Directors accept responsibility for this statement.

Statement of Comprehensive Income

For the period ended 31 May 2015                                                    3 November
                                                                                    2014 to 31
                                                                                      May 2015
                                                                                     Unaudited
                                                                                      GBP'000s
Turnover                                                                                     -
Cost of sales                                                                                -
Gross Profit                                                                                 -
Administrative expenses                                                                   (76)
Operating loss                                                                            (76)
Finance costs                                                                              (6)
Loss before Tax                                                                           (82)
Income tax charges                                                                           -
Loss for the period from continuing operations attributable to shareholders               (82)
Loss per share - pence                                                                 (163.5)
                                                                                              
Statement of Financial Position                                                               
                                                                                   31 May 2015
                                                                                     Unaudited
As at 31 May 2015                                                                     GBP'000s
                                                                                              
Assets                                                                                        
Other receivables                                                                        5,996
Cash at bank                                                                             1,538
Unpaid share capital                                                                        37
                                                                                              
Total Assets                                                                             7,571
                                                                                              
Capital and reserves                                                                          
Share capital                                                                               50
Retained earnings                                                                         (82)
                                                                                              
Total Equity                                                                              (32)
                                                                                              
Non-current liabilities                                                                  1,601
Other payables                                                                           6,002
                                                                                              
Total Liabilities                                                                        7,603
                                                                                              
Total Equity and Liabilities                                                             7,571

The financial information included in this announcement for the period ended 31 May 2015 has not been audited.



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FOR FURTHER INFORMATION PLEASE CONTACT:

HJ Liquid Assets Plc
Mark Stephen
020 3651 8300

OR

Alfred Henry Corporate Finance
Nick Michaels/Jon Isaacs
GXG Corporate Adviser(s)
020 7251 3762

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