Guardia Plc
LSE : GDAP

May 15, 2013 07:08 ET

Interim Results for the Six Months Ended 31 August 2012

15 May 2013
                                                   
                                              GUARDIA PLC
                                                   
                                                   
                                                   
                                     ("Guardia" or "the Company")
                                                   
                                                   
                                                   
                        Interim Results for the Six Months Ended 31 August 2012
                                                   

I  am pleased to report the interim results for Guardia Plc for the six month period to 31 August 2012
(the "Period"), which reflect a non-trading Company.

Guardia  is  currently  in  the  process of conducting due diligence  regarding  potential  investment
opportunities  in mineral based projects and the Board looks forward to making a further  announcement
as and when appropriate.


S Pani
Director                                                        15 May 2013

On behalf of the Board



GUARDIA PLC
Profit and loss account
for the six month Period ended 31 August 2012

                                                   Note                        Six month
                                                                            Period ended
                                                                               31 August
                                                                                    2012
                                                                               Unaudited
                                                                                    £000
                                                                                        
Turnover                                                                               -
                                                                                        
Cost of sales                                                                        (-)
                                                                          ---------------
                                                                          
Gross profit                                                                           -
                                                                                        
Administrative expenses                                                            (117)
                                                                          ---------------
                                                                          
Profit/(loss) on ordinary activities before                                        (117)
interest
                                                                                        
Interest payable and similar charges                                                   -
                                                                                        
Interest receivable and similar income                                                 -
                                                                          ---------------
                                                                          
Profit/(loss) on ordinary activities before                                        (117)
taxation
                                                                                        
Tax on loss on ordinary activities                    2                                -
                                                                          ---------------
                                                                          ---------------
                                                                          
Retained loss for the financial Period                                             (117)
                                                                          ---------------
                                                                          ---------------
                                                                          
Earnings/(loss) per ordinary share                    3                                 
Basic                                                                            (1.55)p
Fully diluted                                                                    (1.07)p
                                                                          ---------------
                                                                          ---------------
                                                                          

Balance sheet
at 31 August 2012

                                                       Note                      As at 31
                                                                                   August
                                                                                     2012
                                                                                Unaudited
                                                                                     £000
                                                                                         
Fixed assets                                                                            -
                                                                                         
Current assets                                                                           
Debtors                                                                                 6
Cash at bank and in hand                                                              248
                                                                          ---------------
                                                                                      254
                                                                                         
Creditors: amounts falling due within one year                                        (7)
                                                                          ---------------
                                                                                         
Net current assets/(liabilities)                                                      247
                                                                          ---------------
                                                                                         
Total assets less current liabilities                                                 247
                                                                                         
Creditors: amounts falling due after more than one                                      -
year
                                                                          ---------------
                                                                          
Net assets                                                                            247
                                                                          ---------------
                                                                          ---------------
                                                                          
Capital and reserves                                                                     
Called up share capital                                  4                             88
Share premium account                                                                 296
Profit and loss account                                                             (137)
                                                                          ---------------
                                                                                         
Equity shareholders' funds                               5                            247
                                                                          ---------------
                                                                          ---------------


Cash flow statement
for the six month Period ended 31 August 2012

                                                   Note                       Six month
                                                                           Period ended
                                                                              31 August
                                                                                   2012
                                                                              Unaudited
                                                                                   £000
                                                                                       
Net cash inflow/(outflow) from operating             6                             (99)
activities
                                                                                       
Returns on investment and servicing of finance                                        -
                                                                                       
Capital expenditure and financial investments                                         -
                                                                                       
Acquisitions and disposals                                                            -
                                                                          ---------------
                                                                          
Cash inflow/(outflow) before financing                                             (99)
                                                                                       
Financing                                                                           334
                                                                          ---------------
                                                                                         
Increase in cash and cash equivalents in the                                        235
Period
                                                                                       
Cash and cash equivalents at start of the Period                                     13
                                                                          ---------------
                                                                                       
Cash and cash equivalents at end of the Period                                      248
                                                                          ---------------
                                                                          ---------------


Reconciliation of net funds
                                                 1 March      Cash flow        Non- cash     31 August
                                                    2012                        Movement          2012
                                                    £000           £000             £000          £000
                                                                                           
Cash at bank and in hand                              13            235                -           248
                                            -----------------------------------------------------------
                                            -----------------------------------------------------------
                                            
Notes

1        BASIS OF PREPARATION

The  Directors  approved  the  interim financial statements on 15 May  2013.   The  interim  financial
information for the six month Period to 31 August 2012 is unaudited and has been prepared based on the
accounting policies which are set out in the statutory accounts for the period ended 31 December  2012
and  which will also be applied for the next annual accounts for the period to 31 December 2013.   The
interim  financial  information  for the six month Period ended 31 August  2012  does  not  constitute
statutory accounts as defined in section 435 of the Companies Act 2006.


2       TAXATION

There is no tax liability for the period reported due to the losses in the Period.  No deferred tax
asset has been recognised due to the lack of any history of taxable profits.


3      EARNINGS/(LOSS) PER ORDINARY SHARE

The  calculation  of  basic earnings per share is based on losses of £117,000 and ordinary  shares  of
7,561,333, being the weighted average number of ordinary shares in issue during the Period.  The fully
diluted  calculation  includes the effect of warrants to subscribe for a  total  of  up  to  5,000,000
ordinary shares which were granted in May 2012.  These warrants increase the diluted weighted  average
number of ordinary shares in the Period to 10,894,666.


4       ISSUED SHARE CAPITAL

At 31 August 2012 there were 8,842,000 ordinary 1p shares in issue.


5       RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS FUNDS

                                                                             
                                                                     £000    
                                                                           
                                                                                  
Profit/(loss) for the financial Period                              (117)                             
                                                                                                      
New share capital subscribed (including premium and                   334                             
expenses)
                                                                                                      
Opening shareholders' funds                                            30 
                                                               ------------
                                                                                                      
Closing shareholders' funds at 31 August 2012                         247  
                                                               ------------
                                                               ------------           
                                                                                                      



6      RECONCILIATION OF OPERATING LOSS TO OPERATING CASH FLOWS

                                                                                                      
                                                                     £000                             
                                                                                                      
                                                                                                      
Operating (loss)                                                    (117)                             
Decrease in debtors                                                    11                             
Increase in creditors                                                   7                             
                                                                                                      
                                                               ------------
                                                               
Net cash (outflow) from operating activities                         (99)                             
                                                               ------------
                                                               ------------                           


7    COPIES OF INTERIM REPORT

Copies  of  the interim report are available from the Company's Registered Office at James House,  312
Ripponden Road, Oldham, OL4 2NY.  The information in this interim report has not been reviewed by  the
company's auditors.


THE DIRECTORS OF GUARDIA PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.

                                                -ENDS-

Enquiries:

Guardia Plc
Sergio Pani
Tel: 0845 345 2705

ISDX Corporate Adviser
SVS Securities Plc
Peter Ward / Alexander Brearley
Tel: 020 7638 5600

Contact Information

  • Guardia Plc