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Final Results

  Download PDF - Friday 20th January 2012 at 07:00

ALPHA PROSPECTS PLC
("Alpha" or the "Company")

CHAIRMAN'S STATEMENT
FOR THE PERIOD ENDED 31 AUGUST 2011

I am pleased to present the financial results for Alpha Prospects Plc for the 12 month period ending 31 August 2011.

The loss for the 12 month period is GBP334,088. However during the year shareholders funds increased from GBP493,438 to GBP583,748.

During the year the Board has continued to look for investment opportunities and we expect to announce further share stakes during 2012. In this regard Alpha will be looking to raise further funds during the coming year.

The Directors do not propose to pay a dividend for the period ending 31 August 2011.

In last year's statement I said the Company planned during 2011 to strengthen its board and in this regard we were delighted to have appointed Tim Baldwin to the Board in September this year. Tim is currently the Chairman of both AIM listed TXO Plc and Ram Active Media Plc. Tim has extensive knowledge of the oil and gas and mining sectors. He is also Chairman of Hill Street Investments PLc, which currently owns a 25.19% in the Company.

During the year Rob Painting stepped down from the Board and I would like to take this opportunity of thanking him for his help and guidance during the last three years.

On behalf of the Board I would like to take this opportunity of thanking the Company's professional advisors for their support and assistance throughout the year.

Steven Freudmann
Chairman

PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 AUGUST 2011

  2011 2011
  GBP GBP
TURNOVER 0 (200)
Administrative expenses (334,091) (386,067)
OPERATING LOSS (334,091) (386,067)
Profit on disposal of investments    
Interest receivable 3 6
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION (334,088) (386,261)
Tax on loss on ordinary activities - -
LOSS FOR THE FINANCIAL PERIOD (334,088) (386,261)
EARNINGS PER SHARE    
Basic EPS (pence) (0.26) (0.37)
Diluted EPS (pence) (0.26) (0.37)

 

BALANCE SHEET
AS AT 31 AUGUST 2011

  2011 2010
  GBP GBP GBP GBP
FIXED ASSETS        
Tangible fixed assets   694   925
Fixed asset investments   341,461   202,398
    342,155   203,323
CURRENT ASSETS        
Debtors: amounts falling due after more than one year 251,200   251,200  
Debtors: amounts falling due within one year 6,818   3,523  
Cash at bank 6,580   49,235  
  264,598   303,958  
CREDITORS: amounts falling due within one year (23,005)   (13,843)  
NET CURRENT ASSETS   241,593   290,115
TOTAL ASSETS LESS CURRENT LIABILITIES   583,748   493,438
CAPITAL AND RESERVES        
Called up share capital   673,800   532,334
Share premium account   974,509   691,577
Profit and loss account   (1,064,561)   (730,473)
SHAREHOLDERS' FUNDS   583,748   493,438

 

The financial information set out in this announcement does not constitute statutory accounts. This financial information has been extracted from the audited full accounts of the Company.

The Directors of the issuer accept responsibility for this announcement.

Enquiries:

ALPHA PROSPECTS PLC Christopher Foster +44 203 176 3031
RIVINGTON STREET CORPORATE FINANCE Eran Zucker +44 207 562 3373