Interim Results to 31 March 2024
28/06/2024 11:52
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RNS Number : 3874U Becket Invest PLC 28 June 2024
28 June 2024
Becket Invest Plc
("Becket" or the "Company")
Interim Results for the Six Months Ended 31 March 2024
I am pleased to present the interim results for Becket Invest Plc ("Becket" or
the "Company") for the period ended 31 March 2024. The Company was admitted
to the Standard Listing of the Main Market of the London Stock exchange on 5
June 2023 (XLON: TAB).
Chairman's Statement
During the period the Company made a loss of £142,812, compared with a loss
of £Nil for the same period last year. The loss is largely due to everyday
administration, salaries and professional fees whilst the Board have been
diligently attempting to identify a suitable business in the battery metals
and related technologies sectors with which to enter into a potential
transaction. The Board has been working attentively to reduce the
administrative costs of the Company, reducing salaries and outsourced
administrative assistance. As at 31 March 2024, the Company's cash position
was £506,165 (2023: £Nil).
These interim results have not been audited by the Company's auditor.
Post period events
Since the end of the reported period, the Company has continued to attempt to
identify a suitable business in the battery metals and related technologies
sectors with which to enter into a potential transaction.
Directors of the company
The directors who have served during the period and up to the date of approval
were as follows:
Graeme Muir (Chairman)
Daniel Monks (Executive Director) (appointed 14 June 2024)
James Crossley (Resigned 14 June 2024)
Thomas Furlong (Resigned 1 December 2023)
Results and dividends
The interim statement of comprehensive income is set out on page 3 and shows
the loss for six month period to 31 March 2024. The directors consider the
loss for the period to be in line with expectations. The directors do not
recommend a payment of a dividend.
This report was approved by the Board and signed on its behalf:
Graeme Muir
Chairman
The Directors of the Company accept responsibility for the content of this
announcement.
Enquiries:
Company
Becket Invest Plc
Graeme Muir
gm@becketinvest.co.uk
www.becketinvest.co.uk
Financial Advisor and Corporate Broker
Peterhouse Capital Limited
Telephone: 020 7469 0930
Statement of Comprehensive Income for the 6 months ended 31 March 2024
6 months to Year ended 6 months to
31 March 2024 30 September 2023 31 March 2023
Unaudited Audited Unaudited
£ £ £
Administrative expenses (142,812) (171,906) -
Warrant expense - (2,093,571) -
Operating Profit / (Loss) (142,812) (2,265,477) -
Taxation - - -
Loss for the period from continuing operations (142,812) (2,265,477) -
Other comprehensive income - - -
Total comprehensive income for the period (142,812) (2,265,477) -
Earnings per share
Basic earnings per share (0.174p) (8.5p) -
Diluted earnings per share (0.025p) (1.2p) -
Statement of Financial Position for the 6 months ended 31 March 2024
6 months to Year ended 6 months to
31 March 2024 30 September 2023 31 March 2023
Unaudited Audited Unaudited
£ £ £
Assets
Current assets
Trade and other receivables 26,962 38,390 1
Cash and cash equivalents 506,165 677,622 -
533,127 716,012 1
Total assets 533,127 716,012 1
Current liabilities
Trade and other payables 27,844 67,917 -
27,844 67,917 -
Net assets 505,283 648,095 1
Capital and reserves
Share capital 820,001 820,001 1
Warrant reserves 2,093,571 2,093,571 -
Retained earnings (2,408,289) (2,265,477) -
Total equity 505,283 648,095 1
Statement of Changes in Equity for the 6 months ended 31 March 2024
Share Warrant Retained Total
capital reserves Earnings
£ £ £ £
As at 1 October 2022 1 - - 1
Profit / (Loss) for the period - - - -
Total comprehensive income - - - -
Balance at 31 March 2023 1 - - 1
As at 1 October 2022 1 - - 1
Net equity issued 820,000 - - 820,000
Share warrant expense - 2,093,571 - 2,093,571
Loss for the year - - (2,265,477) (2,265,477)
Total comprehensive income - - (2,265,477) (2,265,477)
Balance at 30 September 2023 820,001 2,093,571 (2,265,477) 648,095
Loss for the period - - (142,812) (142,812)
Total comprehensive income - - (142,812) (142,812)
Balance at 31 March 2024 820,001 2,093,571 (2,408,289) 505,283
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