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DJ Sport Capital Group Plc Full-year Results to 31 December 2020 - Corrected

 
TIDMSCG 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SPORT CAPITAL 
GROUP PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE 
REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS 
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE 
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
                            SPORT CAPITAL GROUP PLC 
                                (the "Company") 
                   RESULTS FOR YEAR ENDED 31ST DECEMBER 2019 
 
                             Chairman's Statement 
 
I present below the audited financial results for the year ended 31st December 
2019. The financial statements below do not constitute the full statutory 
accounts of the Company but are extracted from them. The Annual Report and 
Accounts will be posted to shareholders on 8th June 2020, from which date a 
copy will also be available on the Company's website www.scgplc.co.uk. 
 
Review of business 
 
The Company has been seeking potential acquisitions and investment 
opportunities since its flotation on the Aquis Exchange Growth Market (formerly 
NEX Exchange Growth Market). 
 
The loss for the year before and after taxation was GBP63,171 (2018: GBP7,973). 
Cash in the bank at the end of December 2019 was GBP11,845 (2018: GBP9,776). 
 
On 28th June 2019, Mr. John Treacy resigned from the Board. At the same time, 
Mr. Mark Jackson re-joined the Board. 
 
The Company retains its investment property in Leeds, which has remained let 
throughout 2019 on a three-year lease due to expire in August 2021 to a 
commercial tenant which is. 
 
Future developments 
 
The Directors remain focused on looking for opportunities where businesses or 
companies that they consider have the potential to produce profits/cash-flow 
for investors in the short- to medium-term. 
 
Principal risks and uncertainties 
 
Given the nature of the business and activity of the Company, the Directors 
believe that the Company is not exposed to significant risks other than 
liquidity risk. The Company's continued future operations depend on the ability 
to hold sufficient working capital to be able to meet its financial 
obligations. The Directors are confident that there is adequate funding to 
finance its immediate working capital requirements. 
 
Simon Grant-Rennick, 
Chairman, 
5th June 2020 
 
 
 
 
 
                            SPORT CAPITAL GROUP PLC 
                     STATEMENT OF PROFIT AND LOSS ACCOUNT 
                      FOR THE YEAR ENDED 31 DECEMBER 2019 
 
 
                                                           2019        2018 
 
Note                                                        GBP            GBP 
 
Turnover                                           4         20,180      10,243 
 
Cost of sales                                                   348      22,971 
 
                                                       ------------ ----------- 
 
Gross profit/(loss)                                          19,832    (12,728) 
 
Administrative expenses                                      62,120      36,201 
 
                                                       ------------ ----------- 
 
Operating loss                                             (42,288)    (48,929) 
 
Interest payable and similar expenses              6         10,000       5,548 
 
                                                       ------------ ----------- 
 
Loss before taxation                                       (52,288)    (54,477) 
 
Tax on loss                                        7         10,883    (46,504) 
 
                                                        ----------- ----------- 
 
Loss for the financial year and total comprehensive        (63,171)     (7,973) 
income 
 
                                                           ========    ======== 
 
Earnings per share 
 
Basic loss per share (pence per share)             8      (0.053)    (0.008) 
 
Diluted loss per share (pence per share)           8      (0.050)    (0.007) 
 
                                                         ========   ======== 
 
All the activities of the company are from continuing operations. 
 
 
 
 
 
                            SPORT CAPITAL GROUP PLC 
                          STATEMENT OF BALANCE SHEET 
                      FOR THE YEAR ENDED 31 DECEMBER 2019 
 
 
                                                          2019       2018 
 
Note                                                       GBP          GBP 
 
Fixed assets 
 
Tangible assets                                    9        204,436      204,436 
 
Investments                                        10        65,250       57,410 
 
                                                       ------------ ------------ 
 
                                                            269,686      261,846 
 
Current assets 
 
Debtors                                            11       40,214      50,203 
 
Cash at bank and in hand                                    11,845       9,776 
 
                                                        ----------  ---------- 
 
                                                            52,059      59,979 
 
Creditors: amounts falling due within one year     12      115,262     116,171 
 
                                                       ----------- ----------- 
 
Net current liabilities                                     63,203      56,192 
 
                                                       ----------- ----------- 
 
Total assets less current liabilities                      206,483     205,654 
 
                                                       ----------- ----------- 
 
Net assets                                                 206,483     205,654 
 
                                                          ========    ======== 
 
Capital and reserves 
 
Called up share capital                            14      119,234      97,990 
 
Share premium account                              15      336,482     293,726 
 
Profit and loss account                            15    (249,233)   (186,062) 
 
                                                       ----------- ----------- 
 
Shareholders' funds                                        206,483     205,654 
 
                                                          ========    ======== 
 
These financial statements were approved by the board of directors and 
authorised for issue on 5th June 2020, and are signed on behalf of the board 
by: 
 
Mr Grant-Rennick 
Director 
 
This announcement has been made after due and careful consideration; the 
Directors of the Company accept responsibility for the information contained in 
it. 
 
REGULATORY ANNOUNCEMENT ENDS 
 
Enquiries: 
 
Sport Capital Group plc: 
Simon Grant-Rennick 
E-mail:         sgrelk7@gmail.com 
Mob:             +44 797 325 3124 
 
Keith, Bayley, Rogers & Co. Limited (Aquis Exchange Corporate Adviser): 
Graham Atthill-Beck 
E-mail:        Graham.Atthill-Beck@kbrl.co.uk 
Tel:             +44 20 7464 4091 
Mob:            +44 750 643 4107; +971 50 856 9408 
 
Brinsley Holman 
E-mail:      Brinsley.Holman@kbrl.co.uk 
Tel:           +44 20 7464 4098 
Mob:         +44 777 630 2228 
 
 
 
END 
 

(END) Dow Jones Newswires

June 08, 2020 06:37 ET (10:37 GMT)