Storyboard Assets Plc
LSE : STYP

October 31, 2013 08:00 ET

Unaudited Interim Results for the six months ended 31 July 2013

                                                                                              31/10/2013
                                                                                            GB00B3DBY868

                                           STORYBOARD ASSETS PLC
                                      ("Storyboard" or the "Company")

                      Unaudited Interim Results for the six months ended 31 July 2013

Today's  interim  results cover the 6 month period to 31 July 2013. The Company is now actively  seeking  a
reverse transaction meeting criteria defined at the General Meeting held and approved by shareholders on 21
June  2013.  Whilst  some early stage exploratory discussions with regard to a potential  acquisition  have
taken  place,  the  Company has no definitive progress to report at this time, although  the  Company  will
report  progress  as  progress is made. During the period, the Company loaned out funds  under  an  invoice
discounting arrangement whilst it continues to search for a transaction.


Marcus Yeoman
Chairman

 STORYBOARD ASSETS PLC                                                                
 INTERIM UNAUDITED ACCOUNTS FOR 6 MONTHS PERIOD ENDED 31 JULY 2013
 
 PROFIT & LOSS                                                                        
                                                                Period                     Period
                                                              01/02/2013                 01/02/2012
                                                                  To                         To
                                                              31/07/2013                 31/07/2012
                                                                 GBP                        GBP
                                                                                      
 Turnover                                                                             
                                                                      -                        -
                                                                                      
 Administrative Expenses                                          15,453                    14,555                    
                                                                 
                                                                                      
 OPERATING LOSS ON ORDINARY ACTIVITIES                           (15,453)                  (14,555)                    
 BEFORE TAXATION                                                
                                                                                      
 Loss on Sale and Diminution in Value of Investments                  -                   (151,140)                
                                                                      
                                                                                      
 LOSS ON ORDINARY ACTIVITIES                                                          
 BEFORE TAXATION                                                 (15,453)                 (165,695)
                                                                                      
 Tax on Loss of Ordinary Activities                                    -                         -
                
                                    
 LOSS FOR THE FINANCIAL PERIOD                                                        
 AFTER TAXATION                                                 (15,453)                  (165,695)
                                                                                      
 Basic Loss Per Share (pence)                                     (1.25)                    (13.40)
                                                                  
 
STORYBOARD ASSETS PLC                                                           
BALANCE SHEET AS AT 31 JULY 2013                                                
                                                              31/07/2013                 31/07/2012
                                                                  GBP                        GBP
                                                                                 
 FIXED ASSETS                                                                    
 Tangible Assets                                                    164                        244
 Investments                                                     33,000                    151,655
 Diminution in Value of Investments                                   -                    (91,655)
                                                                                 
                                                                 33,164                     60,244

 CURRENT ASSETS                                                                  
 Debtors                                                         84,245                    159,891
 Directors Current Account                                            0                     (3,979)
 Cash at Bank and in Hand                                        64,278                         (0)
                                                                                 
                                                                148,524                    155,912
 
 CREDITORS                                                                       
 Amounts falling due within one year                              5,100                      5,250
                                                                                 
 NET CURRENT (LIABILITIES)/ASSETS                               143,424                    150,662
                                                                                 
 TOTAL ASSETS LESS CURRENT LIABILITIES                          176,588                    210,906
                                                                                 
                                                                                 
                                                                                 
 CAPITAL AND RESERVES                                                            
 Called Up Share Capital                                        247,230                    247,230
 Share Premium                                                  404,014                    404,014
 Profit and Loss Account                                       (474,656)                  (440,338)
                                                                                 
 SHAREHOLDERS FUNDS                                             176,588                    210,096
                                                                                 
The results for the 6 months ended 31 July 2013 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:
Peterhouse Corporate Financial Limited
Duncan Vasey or Mark Anwyl
Tel: 020 7469 0930

Contact Information

  • Storyboard Assets Plc