Final Results
August 17 2007 - 3:00AM
UK Regulatory
RNS Number:2743C
Bolton Group (International) Ld
17 August 2007
Bolton Group (International) Limited
Preliminary Results for the year ended 30 April 2007
The Board of Bolton Group (International) Limited ('Group') real estate holding
and development group, announces its preliminary unaudited results for the year
ended 30 April 2007.
Chairman's Statement
The Group has made a loss before tax of #92,000 (2006: profit before tax:
#370,000).
No income was received during the year and the financial results reflect solely
the various administration, legal and other expenses incurred during the year.
The Directors are not able to recommend the payment of a dividend.
During the financial year and since the end of that year the Board has continued
the search for suitable property investment and development opportunities in the
various emerging markets. Visits to several countries and important contacts
have been made and a number of possible projects have been identified, both in
the commercial and residential sectors.
However, as of today no commitments have been made. The Board considers that
the timing of investments is crucial given the prevailing state of the financial
markets. Additionally the availability and choice of appropriate loan finance
are also critical issues in determining whether or not a satisfactory return on
any investment can be achieved.
No additional shares were issued during the year and since the year-end.
Michael Goletka
Chairman
Consolidated profit and loss account
Year Ended 30 April 2007
Year ended Year ended
30 April 2007 30 April 2006
(Unaudited) (Audited)
#000 #000
Turnover - 174
Administrative expenses (92) (339)
Operating profit / (loss) (92) (165)
Interest payable - 53
(Loss)/profit on ordinary activities before
taxation (92) (218)
Tax on (loss)/profit on ordinary activities - -
(Loss)/profit on ordinary activities after (92) (218)
taxation
Exceptional item - 588
Retained (loss) / profit for the year (92) 370
(Loss)/earnings per share (0.15)p 0.43p
Diluted (loss)/earnings per share (0.15)p 0.43p
Consolidated balance sheet
at 30 April 2007
NOTE
Year ended Year ended
30 April 2007 30 April 2006
#000 #000
Fixed assets
Tangible assets - -
Current assets
Debtors - -
Cash at bank and in hand - -
Creditors: amounts falling due within one (479) (387)
year
Net current liabilities (479) (387)
Total assets less current liabilities (479) (387)
Creditors: amounts falling due after more than one - -
year 7
Net (liabilities) / assets (479) (387)
Capital and reserves
Called up share capital 861 861
Share premium account 1,645 1,645
Revaluation reserve - -
Other reserves - -
Profit and loss account (2985) (2,893)
Shareholders' funds - equity (479) (387)
Preliminary Results
1. The preliminary results report has been prepared using accounting policies
consistent with those set out in the statutory accounts of the group for
the year ended 30 April 2007.
2. The financial information for the year to 30 April 2007 is unaudited and
does not constitute statutory accounts within the meaning of Section 240 of
the Companies Act 1985. The figures relating to the year ended 30 April 2006
are an extract from statutory accounts within the meaning of Section 240 of
the Companies Act 1985 which have been delivered to the Registrar of
Companies and on which the auditors gave an unqualified audit report.
3. The calculation of the (loss)/earnings per share and diluted (loss)/
earnings per share are based on the following (losses)/profits after
taxation and weighted average numbers of shares:
Year ended 30 April Year ended 30 April
2007 2006
#000 #000
Earnings/(loss) per share
Profit/(loss) after tax (#000) (92) 370
Number of shares 86,138,328 86,138,328
Diluted earnings/(loss) per share
(Loss)/profit after tax (#000) (92) 370
Number of shares 86,138,238 86,138,238
4. Copies of this interim report will be available to the shareholders and the
public from the group's registered office.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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