Globe Capital Limited Interim Results to 30 June 2021
November 15 2021 - 1:44PM
UK Regulatory
TIDMGCAP
15 November
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to 30 June 2021
Chairman's Statement
Globe Capital Limited is pleased to announce its unaudited interim results for
the 6 months period to 30 June 2021. Operational costs for the period amounted
to £31k compared to £61k for the 6 months to June 2020.
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 2021 onwards and will continue to look for further fund raising
opportunities and investments.
15 November 2021
David Barnett
Chairman
Globe Capital Limited
Consolidated Profit and Loss and Other Comprehensive Income
Six months ended 30 June 2021
6 months 6 months Year ended
ended 30 ended 31 December
June 2021 30 June 2020 2020
GBP '000 GBP '000 GBP '000
Revenue - 10
10
Cost of services - - -
Gross Profit - 10 10
Other Income - 2 4
Administrative Expenses (31) (61) (145)
Finance Costs (3) (6) (6)
Loss Before Taxation (34) (55) (137)
Taxation - -
-
Other Comprehensive Loss - -
-
Loss for the period (34) (55) (137)
Earning / (Loss) per share
Basic & Diluted (pence) (0.01)p (0.05)p
(0.02)p
Globe Capital Limited
Consolidated Statement of financial position as at 30 June 2021
30 June 30 June 31 December
2021 2020 2020
GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment - - -
Goodwill - - -
Financial assets at fair value through profit or 10 - 1
loss
Current assets
Other receivables and prepayments 8 15 7
Cash and cash equivalents 23 14 17
Other debtors and receivables - 56 -
Total Assets 41 85 25
Current Liabilities
Other payables 145 66 108
Creditors: falling due after more than one year
Amounts due to directors 34 26 24
Amounts due to a shareholder - 18 -
Other payables 121 118 118
Total Liabilities 300 228 250
Net Assets (259) (143) (225)
Shareholders' Equity
Share Capital 645 645 645
Reserves (904) (788) (870)
Total Equity (259) (143) (225)
Globe Capital Limited
Consolidated Statement of Cash Flows
Period ended 30 June 2021
6 months 6 months Year ended
ended ended 31 December
30 June 2021 30 June 2020 2020
GBP '000 GBP '000 GBP '000
Loss before income tax (34) (55) (137)
Adjustment:
Depreciation - 9 3
Loan receivables written off - - 55
Loss on disposal of property, plant and equipment - - 6
Other receivables written off - - 7
Interest expenses 3 6 6
Gain on financial assets (9)
Other income - (2) (4)
Operating loss before working capital changes (40) (42) (64)
Changes in working capital:
Other receivables and prepayments (1) 5 9
Other payables 37 (13) 30
Amounts due to directors 10 10 8
Amounts due to shareholders - 18 -
Net cash used in operating activities 6 (22) (17)
Cash flows from investing activities
Interest received - 2 -
Loans receivable - 29 29
Net cash from investing activities 31 29
Increase in cash and cash equivalents 6 9 12
Cash and cash equivalents at the beginning of the 17 5
period 5
Cash and cash equivalents at end of period 23 14 17
Cash at Bank C/F 23 14 17
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 £34,000 (2020: loss £55,000) by the weighted average number of
ordinary shares of 255,919,752 (2020: 255,919,752).
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information
COMPANY:
Globe Capital Limited
Darren Edmonston
+1-855-280-6793
CORPORATE ADVISER:
Peterhouse Capital Limited
Guy Miller / Mark Anwyl
Tel: +44 (0) 207 469 0930
END
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