Globe Capital Limited Interim Results for the six months period to 30 June 2023
29 September 2023 - 4:00PM
UK Regulatory
TIDMGCAP
29[th] September 2023
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to 30 June 2023
Chairman's Statement
Globe Capital Limited is pleased to announce its unaudited interim results for
the 6 months period to 30 June 2023. Operational costs for the period amounted
to £47k compared to £35k for the 6 months to June 2022.
The Company's investment strategy continues to be that to seek medium-to-long
term investments in businesses that exhibit growth potential. The Company
continues to be an active investor in situations where the Company can make a
clear contribution to the growth and development of the investment.
The Company continues to receive support from its shareholders and loan note
holders to meet its ongoing costs.
The Company is still well placed to take advantage of any opportunities as they
arise through 2023 onwards and will continue to look for further fund raising
opportunities and investments.
29[th] September 2023
Simon Grant Rennick
Chairman
Globe Capital Limited
Consolidated Profit and Loss and Other Comprehensive Income
Six months ended 30 June 2023
6 months 6 months Year ended
ended 30 June ended 30 31 December
2023 June 2022 2022
GBP '000 GBP '000 GBP '000
Revenue - - -
Cost of - - -
services
Gross Profit - - -
Other Income - - -
Administrative (47) (35) (87)
Expenses
Finance Costs (5) (7)
(3)
Loss Before (53) (38) (94)
Taxation
Taxation - -
-
Other - -
Comprehensive -
Loss
Loss for the (53) (38) (94)
period
Earning /
(Loss) per
share
Basic & (0.02)p (0.01)p (0.04)p
Diluted
(pence)
Globe Capital Limited
Consolidated Statement of financial position as at 30 June 2023
30 June 30 June 31 December
2023 2022 2022
GBP '000 GBP '000 GBP '000
Non-current
assets
Property, - - -
plant and
equipment
Goodwill - - -
Financial 3 1 4
assets at
fair
value through
profit or
loss
Current
assets
Other 8 12 11
receivables
and
prepayments
Cash and cash 1 4 2
equivalents
Other debtors - - -
and
receivables
Total Assets 12 17 13
Current
Liabilities
Other 67 45 184
payables
Creditors:
falling due
after more
than one year
Amounts due 100 71 88
to directors
Amounts due 100 50 78
to a related
company
Other 130 127 -
payables
Total 397 293 166
Liabilities
Net Assets (385) (276) (332)
Shareholders'
Equity
Share Capital 645 645 645
Reserves (1030) (921) (977)
Total Equity (385) (276) (332)
Globe Capital Limited
Consolidated Statement of Cash Flows
Period ended 30 June 2023
6 months 6 months Year
ended 30 ended 30 ended
June 2023 June 2022 31
December
2022
GBP '000 GBP '000 GBP
'000
Loss before income tax (53) (34) (94)
Adjustment:
Decrease/(Increase) in value 1 1 4
of financial assets
Interest expenses 5 3 7
Gain on financial assets - - -
Non cash transactions - - -
written off
Operating loss before (47) (30) (83)
working capital changes
Changes in working capital:
Other receivables and (3) (3) (2)
prepayments
Other payables 13 (24) (19)
Amounts due to directors - - -
Amounts due to shareholders - - -
Net cash used in operating - - -
activities
Cash flows from investing
activities
Other loan repayments - - -
Increase in loans receivable - - -
Increase in loans from 12 17 46
related parties
Increase in directors' loan 22 17 34
Interest received - - -
Net cash from investing 36 34 79
activities
Increase in cash and cash (1) (23) (25)
equivalents
Cash and cash equivalents at 2 27
the beginning of the period 27
Cash and cash equivalents at 1 4 2
end of period
Cash at Bank C/F 1 4 2
The financial information set out above has not been reviewed or audited by the
company's auditors.
Basic and diluted profit per share is calculated by dividing the loss for the
period of £53,000 (2022: loss £38,000) by the weighted average number of
ordinary shares of 255,919,752 (2022: 255,919,752).
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information
Globe Capital Limited
Darren Edmonston
Tel: +44 (0) 1279 635511
CORPORATE ADVISER AND CONTACT DETAILS:
Peterhouse Capital Limited
Guy Miller / Mark Anwyl
Tel: +44 (0) 207 469 0930
This information was brought to you by Cision http://news.cision.com
END
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