Storyboard Assets Plc
LSE : STYP

October 30, 2012 05:09 ET

Unaudited Interim Results for the six months ended 31 July 2012

                                                                                                 30/10/2012
                                                                                  GB00B3DBY868/GBP/PLUS-exn
                                                                                                           
                                                                                                           
                                           STORYBOARD ASSETS PLC
                                      ("Storyboard" or the "Company")

                      Unaudited Interim Results for the six months ended 31 July 2012


Today's interim results cover the 6 month period to 31st July 2012. The losses recorded reflect the loss on
disposal  of artworks together with a write-down of the remaining assets, the majority of which are  to  be
offered for sale at Sothebys in December.

Marcus Yeoman
Chairman

 STORYBOARD ASSETS PLC
 INTERIM UNAUDITED ACCOUNTS FOR 6 MONTHS PERIOD ENDED 31 JULY 2012
 
 PROFIT & LOSS                                                                        
                                                              Period                     Period
                                                              01/02/2012                 01/02/2011
                                                                to                         to
                                                              31/07/2012                 31/07/2011
                                                                      £                          £
                                                                                      
 Turnover                                                                                          
                                                                      -                          -
                                                                                                   
 Administrative Expenses                                         14,555                           
                                                                                            22,611
                                                                                                   
 OPERATING LOSS ON ORDINARY ACTIVITIES                                                             
 BEFORE TAXATION                                                (14,555)                   (22,611)
                                                                                                   
 Loss on Sale and Diminution in Value of Investments           (151,140)                           
                                                                                                   
 LOSS ON ORDINARY ACTIVITIES                                                                       
 BEFORE TAXATION                                               (165,695)                   (22,611)
                                                                                                   
 Tax on Loss of Ordinary Activities                                                                
                                                                      -                          -
                                                                                                   
 LOSS FOR THE FINANCIAL PERIOD                                                                     
 AFTER TAXATION                                                (165,695)                   (22,611)
                                                                                                   
 Basic Loss Per Share (pence)                                                                (1.83)
                                                                 (13.40)
                                                                                      
                                                                                      
                                                                                      


 STORYBOARD ASSETS PLC
 BALANCE SHEET AS AT 31 JULY 2012                                                    
                                                               31/07/2012               31/07/2011
                                                                       £                        £
                                                                                     
 FIXED ASSETS                                                                        
 Tangible Assets                                                     244                      365
 Investments                                                     151,655                  385,006
 Diminution in Value of Investments                              (91,655)                       0
                                                                                      
                                                                  60,244                  385,371

 CURRENT ASSETS                                                                      
 Debtors                                                         159,891                    6,035
 Directors Current Account                                        (3,979)                     (16)
 Cash at Bank and in Hand                                             (0)                      55
                                                                                     
                                                                 155,912                    6,075
 CREDITORS                                                                           
 Amounts falling due within one year                               5,250                    4,000
                                                                                     
 NET CURRENT (LIABILITIES)/ASSETS                                150,662                    2,075
                                                                                     
 TOTAL ASSETS LESS CURRENT LIABILITIES                           210,906                  387,445
                                                                                     
                                                                                     
                                                                                     
 CAPITAL AND RESERVES                                                                
 Called Up Share Capital                                         247,230                  247,230
 Share Premium                                                   404,014                  404,014
 Profit and Loss Account                                        (440,338)                (263,799)
                                                                                     
 SHAREHOLDERS FUNDS                                              210,906                  387,445
                                                                                     

The results for the 6 months ended 31 July 2012 have not been reviewed by the Company's auditors.

The Directors of Storyboard are responsible for the contents of this announcement.

Enquiries:

Company:
Storyboard Assets Plc
Luke Heron
Tel: 07912 044 941

Corporate Adviser:
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: 020 7368 6959

Contact Information

  • Storyboard Assets Plc