HJ SME Plc
GXG : HJS

March 24, 2015 08:34 ET

HJ SME plc: Interim Results

FOR:  HJ SME PLC
 
GXG SYMBOL:  HJS

March 24, 2015

HJ SME plc: Interim Results

LONDON, UNITED KINGDOM--(Marketwired - March 24, 2015) - 

HJ SME PLC

Unaudited Interim Accounts for the period ended 31 January 2015

CHAIRMAN'S STATEMENT

On behalf of the Board I am pleased to present the unaudited results for HJ SME plc (the "Company") for the period
from incorporation on 22 July 2014 to 31 January 2015.

HJ SME was founded in order to provide short term loans to businesses to be funded by way of the issuance of a 10 year 
8% bond.

The Bonds will be used to fund to receivables from, or loans made to, natural resources companies, SMEs ("small and 
medium size enterprises") or start-up companies as determined by Hennessy Jones Ltd in its capacity as specialist 
asset consultant to the HJ SME (the "Specialist Asset Consultant"). It is intended that such corporate loans will, in 
most cases, be secured by a fixed charge (and possibly a floating charge) on specific assets of the borrowers and that 
such assets will be key assets of the relevant borrower(s) in relation to its business activities: these may include 
patents, production machinery, vehicles, property and other tangible or intangible assets of such borrowers.

The Company made a loss of GBP 600. This is in line with expectations as the Company's debenture was not admitted to 
GXG's Main Quote market until 5 February 2015.

M J Stephen 
Chairman

24 March 2015

The Directors accept responsibility for this statement.


Statement of Comprehensive Income                                           
For the period ended 31 January 2015                                        
                                                               22 July 2014 
                                                                         to 
                                                                 31 January 
                                                                       2015 
                                                                  Unaudited 
                                                                   GBP'000s 
                                                                            
Turnover                                                                  - 
Cost of sales                                                             - 
                                                      --------------------- 
Gross Profit                                                              - 
                                                                            
Administrative expenses                                                  (1)
                                                      --------------------- 
Operating loss                                                           (1)
Finance costs                                                             - 
                                                      --------------------- 
Loss before Tax                                                          (1)
                                                                            
Income tax charges                                                        - 
                                                      --------------------- 
Loss for the period from continuing                                         
operations attributable to shareholders                                  (1)
                                                      --------------------- 
                                                      --------------------- 
                                                                            
Loss per share - pence                                                 (2p) 
                                                      --------------------- 
                                                      --------------------- 
                                                                            

Statement of Financial Position                                             
As at 31 January 2015                                                       
                                                            31 January 2015 
                                                                  Unaudited 
                                                                   GBP'000s 
Assets                                                                      
Current assets                                                              
Other receivables and prepayments                                        44 
Unpaid share capital                                                     37 
                                                      --------------------- 
                                                                         81 
                                                      --------------------- 
Total Assets                                                             81 
                                                      --------------------- 
                                                      --------------------- 
                                                                            
Capital and reserves                                                        
Share capital                                                            50 
Retained earnings                                                        (1)
                                                      --------------------- 
Total equity                                                             49 
                                                      --------------------- 
                                                                            
Current liabilities                                                         
Other payables                                                           32 
                                                      --------------------- 
                                                                         32 
                                                      --------------------- 
                                                                            
                                                      --------------------- 
Total equity and liabilities                                             81 
                                                      --------------------- 
                                                      --------------------- 


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



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FOR FURTHER INFORMATION PLEASE CONTACT:

Enquiries:
HJ Commercial PLC
Mark Stephen
020 3651 8300

OR

GXG Corporate Adviser:
Alfred Henry Corporate Finance
Nick Michaels / Jon Isaacs
020 7251 3762

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Contact Information

  • HJ SME Plc