Regulatory News
Half-year Report
HERTSFORD CAPITAL PLC
("Hertsford" or "the Company")
Interim Report for the period ended 31 December 2018
Hertsford (ticker: HERT) announces its unaudited interim financial results for the period ended 31 December 2018.
Periodhighlights
·On 26 November 2018, the Company was admitted to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market
·Raised £3 million cash (gross) through the listing of 32 millionnew ordinary shares
Harry Hyman, Chairman ofHertsfordsaid:"We continue to consider a number of investment opportunities and will update the market with developments when appropriate."
For information please contact:
Hertsford Capital plc | www.hertsford-capital.com |
Rodger Sargent | via Walbrook PR |
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Walbrook PR Ltd | Tel: 020 7933 8780 or[email protected] |
Paul Cornelius | Mob:07866 384 707 |
Sam Allen | Mob:07884 664 686 |
CHAIRMAN'S STATEMENT
Introduction
Iampleasedtopresentthe unaudited interim results for the period ended 31st December 2018. Hertsford floated on to the standard listing of the official list on the London Stock Exchange on 26 November 2018. The Company was created to acquire a company or business in the technology sector.
During this interim period, Hertsford recorded a loss of £18,101 being the minimal running costs of the company. As the directors draw no salary, the ongoing costs are only minor administrative and listing expenses. Current assets at period end were over £2.8 million.
Outlook
We continue to consider a number of investment opportunities and will update the market with developments when appropriate.
Harry Hyman
Chairman
22nd March 2019
INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD FROM 22 JUNE 2018 TO 31 DECEMBER 2018
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| Notes | £ |
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Revenue | 2 | - |
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Gross profit |
| - |
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General & administrative expenses |
| (19,301) |
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Loss from operations before interest |
| (19,301) |
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Interest income |
| 1,200 |
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Loss before tax |
| (18,101) |
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Tax |
| - |
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Retained Loss after tax for the period |
| (18,101) |
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Retained loss attributable to: |
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Owners of the company |
| (18,101) |
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Loss for period |
| (18,101) |
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Total comprehensive loss attributable to: |
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Owners of the company |
| (18,101) |
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Total comprehensive loss for the period |
| (18,101) |
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Loss per share |
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Basic and diluted | 3 | (0.23p) |
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INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018
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| Notes | £ | ||
ASSETS |
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Current assets |
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Cash and cash equivalents |
| 2,880,814 | ||
Debtor |
| 1,200 | ||
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TOTAL ASSETS |
| 2,882,014 | ||
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EQUITY |
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Share capital | 4 | 960,000 | ||
Share premium reserve |
| 1,924,485 | ||
Retained loss |
| (18,101) | ||
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TOTAL EQUITY |
| 2,866,384 | ||
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CURRENT LIABILITIES |
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Trade and other payables |
| (15,360) | ||
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TOTAL EQUITY AND LIABILITIES |
| 2,855,384 | ||
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INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 22 JUNE 2018 TO 31 DECEMBER 2018
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| Share |
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| Share | premium | Retained | Total |
| capital | account | loss | equity |
| £ | £ | £ | £ |
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As at 22 June 2018 | - | - | - | - |
Loss for the period | - | - | (18,101) | (18,101) |
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Total comprehensive income for the period | - | - | - | - |
Share capital issued (net of transaction costs) | 960,000 |
1,924,485 | - | 2,884,485 |
Balance at 31 December 2018 | 960,000 | 1,924,485 | (18,101) | 2,866,384 |
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INTERIM STATEMENT OF CASH FLOW
FOR THE PERIOD FROM 22 JUNE 2018 TO 31 DECEMBER 2018
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Cash flow from operating activities |
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Loss for the period | (18,101) |
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Operating cash flows before movements in working capital | (18,101) |
Interest income | (1,200) |
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Increase in payables | 15,630 |
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Net cash outflow from operating activities | (3,671) |
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Cash flow from investing activities | - |
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Net cash flow from investing activities | - |
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Cash flow from financing activities |
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Net proceeds from issue of share capital | 2,884,485 |
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Net cash flow from financing activities | 2,884,485 |
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Net cash inflow for the period | 2,880,814 |
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Cash and cash equivalents at start of period | - |
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Cash and cash equivalents at end of period | 2,880,814 |
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NOTES TO THE UNAUDITED INTERIM REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2018
1. BASIS OF PREPARATION
The interim financial statements have been prepared on a going concern basis and in accordance with the recognition and measurement principles of International Financial Reporting Standards adopted for use in the European Union ("IFRS").
