Eligere Investments Plc

LSE : ELI


December 13, 2013 11:21 ET

Interim results to 30 September 2013

ELIGERE INVESTMENTS PLC (the "Company")

Unaudited Interim Accounts for the period ended 30 September 2013

CHAIRMAN'S STATEMENT


Eligere Plc has had a good start since listing in July of this year.

Its subsidiary CNI is negotiating with several high profile partners and expects a number of announcements
in the first quarter of 2014.

CNI is also working on the final stages of software that will allow them to close other major deals with
blue chip companies.

We have also been looking closely at further acquisitions that will increase both cash flow and shareholder
value as well as offering more products to both existing and new clientele.




Gary Truman
Director


11 December 2013



ELIGERE INVESTMENTS PLC :                              
Gary Truman
Director
Telephone 0207 201 8340


Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Telephone 0207 251 3762


Consolidated Statement of Comprehensive Income
For the period ended 30 September 2013


                                                                     6 March 2013 to
                                                                   30 September 2013
                                                                           Unaudited
                                                  Notes                     GBP'000s
                                                                                                           
Turnover                                                                          9
Cost of sales                                                                    (3)
                                                                           --------
Gross Profit                                                                      6
                                                                           
Administrative expenses                                                         (86)
Cost of Stock Exchange listing                                                  (27)
                                                                           --------
                                                                           
Loss before Tax                                                                (107)
                                                                           
Income tax charges                                                                -
                                                                           --------
Loss for the period from continuing                                        
operations attributable to shareholders                                    
                                                                               (107)
                                                                           ========
                                                                           
Loss per share- pence                               4                         (0.32)
                                                                           ========
                                                                           
                                                                           


Consolidated Statement of Financial Position
As at 30 September 2013


                                                 Notes            30 September 2013
                                                                          Unaudited
                                                                           GBP'000s
Assets                                                                                                
Non-current assets                                                                                    
Intangible assets                                                                4
Property, plant & equipment                                                      4
                                                                          --------
                                                                                 8
                                                                          --------
Current assets                                                           
Trade and other receivables                                                    115
Cash and cash equivalents                                                        5
                                                                          --------
                                                                               120
                                                                          --------
                                                                         
Total Assets                                                                   128
                                                                          ========
                                                                         
Capital and reserves                                                     
Share capital                                     6                             50
Convertible loan - equity component                                             27
Retained earnings                                                             (107)
                                                                          --------
Total equity                                                                   (30)
                                                                          --------
                                                                         
Current liabilities                                                      
Trade and other payables                                                        52
                                                                          --------
                                                                                52
                                                                          --------
Non-current liabilities                                                  
Convertible loan notes                                                         106
                                                                          --------
                                                                               106
                                                                          --------
Total equity and liabilities                                                   128
                                                                          ========                        
                                                                         

Consolidated Statement of changes in equity
for the period from 6 March 2013 to 30 September 2013
                                                                                                              
                                                                   6 March 2013 to
                                                                 30 September 2013
                                                                         Unaudited
                                                                          GBP'000s
                                                                                                          
                                                                                                               
At beginning of period                                                           -
                                                                                     
Issue of share capital                                                          50
Convertible loan - equity component                                             27
Deficit for the period                                                        (107)
                                                                          --------
At end of period                                                               (30)
                                                                          ========




                                                                                                              
Consolidated Statement of Cash Flows
for the period from 6 March 2013 to 30 September 2013
                                                                                                              
                                                                  6 March 2013 to
                                                                30 September 2013
                                                                        Unaudited
                                                 Notes                    GBP'000
                                                                                                              
Net cash utilised by operating                                                                                
 activities                                        5                        (170)
                                                                        --------
Investing activities                                                                                          
Purchases of plant and equipment                                              (4)
                                                                        --------
Net cash from investing activities                                            (4)
                                                                        --------
Cash flows from financing activities                                                                          
New loan                                                                     133
Proceeds on issue of shares                                                   46
                                                                        --------
Net cash  from financing activities                                          179
                                                                        --------
Net cash inflow                                                                5
                                                                                                              
Cash and cash equivalents at start of period                                                                  
                                                                               -
                                                                        --------
Cash and cash equivalents at end of period                                     5
                                                                        ========



Notes to the Interim Report

1.  General Information

    Eligere  Investments  Plc is a public limited company incorporated in England and  Wales  with  company
    number 08431311.  The registered address is Finsgate, 5-7 Cranwood Street, London, United Kingdom, EC1V
    9EE.  The principal activity of the company is that of a holding company.  The company is listed on the
    GXG market.

2.  Basis of Preparation

    This  interim  report, which incorporates the financial information of the company, has  been  prepared
    using  the  historical cost convention, on a going concern basis and in accordance  with  International
    Financial Reporting Standards ("IFRS") as adopted by the European Union.
    
    Taxes

    Taxes  on  income  in the interim periods are accrued using the tax rate that would be  applicable  to
    expected total annual earnings.

    There are no taxes provided in the period.

3.  Segmental Analysis
    
    The  geographical  segment  consists  of United Kingdom only;  there  is  also  no  segmental  area  of
    operations.
       
4.  Loss per Share pence

                                                                 6 March 2013 to
                                                               30 September 2013
                                                                        GBP'000s
                                                                                 
     Earnings per ordinary shares:                                               
     Basic and diluted                                                    (0.32p)
                                                                          =====

    The  loss per ordinary share is based on the group's loss for the period of GBP107,000 and a basic  and
    diluted weighted average number of shares in issue of 33,492,823.



5.  Reconciliation of operating loss to net cash outflow from operating activities.

                                                                6 March 2013 to
                                                              30 September 2013
                                                                      Unaudited
                                                                       GBP'000s
                                                                                                           
     Loss for the period                                                  (107)
                                                                      --------
     Operating cash flow before                                           (107)
     movement in working capital
                                                                               
     (Increase)/decrease in receivables                                   (115)
     Increase/(decrease) in payables                                        52
                                                                      --------
     Cash generated/ (Net cash outflow)                                   (170)
     from operating activities
                                                                      ========

6.  Called up Share Capital
       
    On  6  March  2013,  1  ordinary shares of GBP1.00 was issued for cash; this was  converted  to  1,000
    ordinary shares of GBP0.001 each.

    On 8 May 2013, 4,549,000 ordinary shares of GBP0.001 each were issued to the vendors of CNI(UK)Limited.

    On 14 May 2013, 45,450,000 ordinary shares of GBP0.001 each were issued for cash.

7.  The  unaudited results for period ended 30 September 2013 do not constitute statutory accounts  within
    the meaning of Section 435 of the Companies Act 2006.

8.  Copies of this interim statement are available from the Company at its registered office at Finsgate, 5-
    7  Cranwood  Street,  London, EC1V 9EE.  The interim statement will also be available  on  the  company
    website www.eligereinvestments.co.uk.

Contact Information

  • Eligere Investments Plc