Final Results
28 September 2010 - 6:05PM
UK Regulatory
TIDMSHLP
RNS Number : 4640T
Shellproof Limited
28 September 2010
Shellproof Limited announces results for the year ended 31 March 2010
Belize City, Belize, 28 September 2010 - Shellproof Limited (London-AIM: SHLP)
("Shellproof" or the "Company") reported net profit of GBP105,000 for the year
ended 31 March 2010 (2009 - GBP53,000 from the date of incorporation 3 March 2008
to 31 March 2009). Basic and diluted earnings per ordinary share for the year
ended 31 March 2010 amounted to 1.31 pence (2009 - 0.66 pence).
The Company continues its search for investment opportunities in line with its
stated strategy which includes possible investment in either one or more quoted
or unquoted businesses that may have been set up by entrepreneurs with good
strategic plans and need financial backing and the support of the experienced
Shellproof management team.
The Company confirms that it has today posted the annual report to shareholders,
copies of which are available on the Company's web site. Further details on the
Company are set out in the Company's AIM Admission document dated 25 April 2008
and on the Company's web site.
For further information contact:
Shellproof Limited
Belize +501 223 5989
UK +44 (0)20 7248 6700
Note: This and other press releases are available at the Company's web site:
http://www.shellprooflimited.com.
+-------------------------------+------------+---------------------------+
| Shellproof Limited | Year ended | 3 March |
| | 31 March | 2008 to 31 |
| | 2010 | March 2009 |
+-------------------------------+------------+---------------------------+
| Summarised income statement | GBP000 | GBP000 |
+-------------------------------+------------+---------------------------+
| | | |
+-------------------------------+------------+---------------------------+
| Interest income | 161 | 167 |
+-------------------------------+------------+---------------------------+
| Administrative expenses | (56) | (114) |
+-------------------------------+------------+---------------------------+
| | | |
+-------------------------------+------------+---------------------------+
| Net profit before and after | 105 | 53 |
| taxation | | |
+-------------------------------+------------+---------------------------+
| Earnings per ordinary share | 1.31 | 0.66 |
| (basic and diluted) (in | | |
| pence) | | |
+-------------------------------+------------+---------------------------+
| | | |
+-------------------------------+------------+---------------------------+
| | 31 March | 31 March |
| | 2010 | 2009 |
+-------------------------------+------------+---------------------------+
| Summarised balance sheet | GBP000 | GBP000 |
| (unaudited) | | |
+-------------------------------+------------+---------------------------+
| Current assets | | |
+-------------------------------+------------+---------------------------+
| Cash and cash equivalents | 4,156 | 4,077 |
+-------------------------------+------------+---------------------------+
| Other receivables | 19 | 19 |
+-------------------------------+------------+---------------------------+
| Total assets | 4,175 | 4,096 |
+-------------------------------+------------+---------------------------+
| Current liabilities | | |
+-------------------------------+------------+---------------------------+
| Other payables | (17) | (43) |
+-------------------------------+------------+---------------------------+
| Net assets | 4,158 | 4,053 |
+-------------------------------+------------+---------------------------+
| | | |
+-------------------------------+------------+---------------------------+
| Shareholders' equity | | |
+-------------------------------+------------+---------------------------+
| Share capital | 4,000 | 4,000 |
+-------------------------------+------------+---------------------------+
| Retained earnings | 158 | 53 |
+-------------------------------+------------+---------------------------+
| Total shareholders' equity | 4,155 | 4,053 |
+-------------------------------+------------+---------------------------+
| | | |
+-------------------------------+------------+---------------------------+
| Summarised statement of cash | Year ended | 3 March |
| flows for the period | 31 March | 2008 to 31 |
| | 2010 | March 2009 |
+-------------------------------+------------+---------------------------+
| | GBP000 | GBP000 |
+-------------------------------+------------+---------------------------+
| Operating activities | | |
+-------------------------------+------------+---------------------------+
| Net cash generated from | 79 | 77 |
| operating activities | | |
+-------------------------------+------------+---------------------------+
| Financing activities | | |
+-------------------------------+------------+---------------------------+
| Proceeds from issue of | - | 4,000 |
| ordinary share capital | | |
+-------------------------------+------------+---------------------------+
| Net increase in cash for the | 79 | 4,077 |
| period | | |
+-------------------------------+------------+---------------------------+
| Cash at beginning of period | 4,077 | - |
| | | |
+-------------------------------+------------+---------------------------+
| Cash at end of period | 4,156 | 4,077 |
+-------------------------------+------------+---------------------------+
-ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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