Interim financial information for the six-month period ended 30 June 2024
20/09/2024 10:09
Mollyroe plc
(“Mollyroe” or the “Company”)
Interim financial information for the six-month period ended 30(th) June 2024
Chairman’s Statement
We are pleased that the new investment strategy of the Company was approved by
a General Meeting earlier in the year and we shall seek to implement this
strategy as opportunities and market conditions allow.
We are also pleased to have amended the articles of the Company to enable
electronic communications with shareholders, a step forward in cost savings
and efficiency.
Following a sub-division of the Company’s ordinary shares during the period,
from a par value of £0.20 per ordinary share into £0.0001 ordinary shares
and, a subsequent issue of 861,740 new £0.0001 ordinary shares, the number of
ordinary shares in issue, on a post share consolidation basis, at the period
end was 40,275,480 (31 December 2023: 1,970,688 ordinary shares of £0.20). We
are working with our registrars to issue new share certificates in the near
term.
Your board continue to reduce other overheads wherever possible whilst we seek
opportunities to invest the limited amount of capital and review the
opportunities now available to the Company.
N Lyons Chairman
18(th) September 2024
The Directors of the Company accept responsibility for the contents of this
announcement.
Enquiries
Company
Paul Ryan - Executive Director
mollyroeplc@gmail.com
Peterhouse Capital Limited
Financial Adviser and Corporate Broker
+ 44 (0) 20 7469 0930
Consolidated Statement of Comprehensive Income
for the period from 1(st) January 2024 to 30(th) June 2024
Interim Interim Year ended
30 Jun 24 30 Jun 23 31 Dec 23
(Unaudited) (Unaudited) (Audited)
Turnover £- £- £-
Gross profit - - -
Administrative expenses (46,250) (25,021) (72,882)
Operating loss (46,250) (25,021) (72,882)
Interest receivable 2,301 1,707 4,099
Loss on ordinary activities before taxation (43,949) (23,314) (68,783)
Taxation - - -
Loss on ordinary activities after taxation (43,949) (22,314) (68,783)
Earnings per share (0.30) (1.18) (3.49)
Average number of ordinary shares in issue 14,738,959 1,970,688 1,970,688
Consolidated Statement of Financial Position
at 30(th) June 2024
Interim 30 Jun 24(Unaudited) Interim 30 Jun 23(Unaudited) Year ended 31 Dec 23(Audited)
Fixed assets £ £ £
Tangible assets - - -
Current assetsDebtors 7,520 6,101 7,578
Cash at bank and in hand 312,359 376,326 335,550
319,879 382,427 343,128
Creditors: amounts falling due within one year (52,402) (36,778) (42,948)
Net current assets 267,477 345,649 300,180
Total assets less current liabilities 267,477 345,649 300,180
Creditors: amounts falling due after more than one year - - -
267,477 345,649 300,180
Capital and reservesCalled up share capital 427,478 418,861 418,861
Share premium 6,102 3,473 3,473
Profit and loss account (166,103) (76,685) (122,154)
Shareholders’ funds 267,477 345,649 300,180
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