29th Sep 2005 07:02
Archimedia Ventures PLC29 September 2005 Archimedia Ventures plc ('Archimedia' or the 'Company') Interim Announcement The Company announces its maiden interim results for the period fromincorporation on 28th February 2005 until 30th June 2005. There was a turnoverof £nil, and a loss after tax of £7,854. No directors received any remunerationduring the period. The directors do not recommend the payment of a dividend. Since the Company's successful admission to AIM in March 2005, the Company hasevaluated a number of potential investments and continues to do so. On 5 August,the Company announced that it had acquired rights to develop formats for "Victor Predictor", the internet based football prediction game; preliminarydiscussions are now underway to develop a broadcast format and Archimedia hascommissioned a treatment for its development For further information: Archimedia Ventures plc: Noel Healy, 07770 980214 Profit and Loss AccountFor the period 28 February 2005 to 30 June 2005 Period ended 30 June 2005 (unaudited) Note £ Turnover - Administrative expenses 7,900 Operating loss 7,900 Interest receivable 46 Loss on ordinary activities before taxation 1 7,854 Taxation - Loss on ordinary activities after taxation 7,854 Basic and diluted earnings per ordinary share (pence) (0.01)p Dividends per share (pence) 0.00p Balance SheetAt 30 June 2005 30 June 2005 (unaudited) Note £ Cash at bank 172,878Debtors 3,684 176,562 Creditors 500 Net Assets 176,062 Called up share capital 2 116,667Share premium account 3 67,249Profit and loss account (7,854) Equity shareholders' funds 176,062 Net assets per share (pence) 4 1.5p Cashflow StatementFor the period 28 February 2005 to 30 June 2005 Period ended 30 June 2005 (unaudited) Note £ Net cash outflow from operating activities (11,084) Returns on investments and servicing of financeInterest received 46 FinancingProceeds of issue of ordinary shares 250,000Expenses of share issue (66,084) Increase in cash 172,878 Notes to the Interim Report 1. Loss on ordinary activities before taxation The loss for the period comprises administrative overheads incurred in theperiod. 2. Called up share capital The issued share capital comprises 11,666,660 ordinary shares of 1p each,consisting of 200 ordinary shares of 1p each issued as two £1 subscriber shareson incorporation and converted into 1p shares on 9 March 2005, 4,999,800ordinary shares of 1p each issued on 10 March 2005, and 6,666,660 ordinaryshares of 1p each issued on 23 March 2005. 3. Share premium The share premium account comprises: Premium arising on issue of ordinary shares in the period 133,333Expenses of share issue (66,084) At 30 June 2005 67,249 4. Net assets per share The calculation of net assets per share is based on the net assets at the end ofthe period of £176,062 and on the number of ordinary shares in issue(11,666,660) at 30 June 2005. 5. Preparation of Interim Report The directors approved the interim financial information for the period fromincorporation to 30 June 2005 on 28 September 2005. 6. Financial information The financial information in this statement does not constitute statutoryaccounts within the meaning of section 240 of the Companies Act 2005. 7. Accounts Copies of the Interim Report are available for collection from City FinancialAssociates, Pountney Hill House, 6 Lawrence Pountney Hill, London, EC4R 0BLduring normal office hours, or by post from the Company's Registered Office, 14St Paul's Road, Richmond, Surrey, TW9 2HH This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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