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DJ High Road Capital PLC Final Results and Notice of AGM

TIDMHRPC

HIGH ROAD CAPITAL PLC

Final Results and Notice of AGM

CHAIRMAN'S STATEMENT

I am pleased to announce the final audited results for the Company for the year

ended 31 March 2010.

The Company made a pre-tax loss of GBP23,516 for the year. Interest receivable

for the year was GBP675.

Cash at bank at end of March 2010 was GBP339,156.

The Directors have reviewed a number of potential acquisitions and investment

opportunities since the successful flotation of High Road Capital plc on PLUS

which raised GBP418,150 gross. The Company has not yet commenced formal due

diligence on any particular opportunity but your Board continues to seek to

complete a transaction as soon as possible.

The Directors remain focused on businesses or companies that they consider have

the potential to produce a favourable return for shareholders in both the short

and medium terms.

Daniel Briggs

Chairman

Extracts of the audited results to 31 March 2010.

No dividend for the period has been declared.

STATEMENT OF COMPREHENSIVE INCOME

Year ended 31 March 2010

Year ended From

31 March 12 January

2010 2008 to

31 March

2009

GBP GBP

Operating expenses (24,191) (24,640)

_______ ______

Operating loss (24,191) (24,640)

Interest receivable and similar income 675 14,797

_______ ______

Loss before taxation (23,516) (9,843)

Corporation tax expense - (279)

_______ ______

Loss for the period (23,516) (10,122)

_______ _______

Other comprehensive income - -

_______ ______

Total comprehensive loss for the year (23,516) (10,122)

_______ _______

Loss per share (0.00p) (0.00p)

_______ _______

STATEMENT OF FINANCIAL POSITION

As at 31 March 2010

As at As at

31 March 31 March

2010 2009

GBP GBP

Assets

Current assets

Trade and other receivables 5,173 7,044

Cash and cash equivalents 339,156 359,257

_______ _______

Total assets 344,329 366,301

_______ _______

Equity and liabilities

Equity

Called up share capital 71,815 71,815

Share premium account 281,909 281,909

Shares to be issued under warrants 23,705 23,705

Retained loss (37,495) (13,979)

_______ _______

339,934 363,450

Current liabilities

Trade and other payables 4,395 2,851

_______ _______

Total equity and liabilities 344,329 366,301

_______ _______

STATEMENT OF CHANGES IN EQUITY

Year ended 31 March 2010

Shares to

be issued

Share Share Under Retained

Capital Premium Warrants Profit/

GBP GBP GBP GBP GBP

Balance at 1 April 2008 71,815 281,909 23,705 (3,857) 462,840

Comprehensive income

Loss for the year - - - (10,122) (10,122)

Total comprehensive Income - - - (10,122) (10,122)

Total transactions with - - - - -

Owners

______ _______ ______ ______ _____

Balance as at 1 April 2009 71,815 281,909 23,705 (13,979) 363,450

______ _______ ______ _____ _______

Comprehensive income

Loss for the year - - - (23,516) (23,516)

______ _______

Total comprehensive Income - - - (23,516) (23,516)

______ _______

Total transactions with - - - - -

Owners

______ ______ ______ _______ ______

Balance as at 31 March 2010 71,815 281,909 23,705 (37,495) 339,934

_____ _______ ______ _______ ______

HIGH ROAD CAPITAL PLC STATEMENT OF CASH FLOWS

Year ended 31 March 2010

Year From

Ended 12 January

31 March 2008 to

2010 31 March

2009

GBP GBP

Cash flows from operating activities

Operating loss (24,191) (24,640)

Decrease/ (Increase) in trade and other 1,871 (543)

receivables

Increase in trade and other payables 1,544 433

_______ _______

Net cash used in operations (20,776) (24,750)

_______ _______

Cash flows from investing activities

Interest received 675 14,797

_______ _______

Taxation - (279)

_______ _______

Decrease in cash and cash equivalents (20,101) (10,232)

Cash and cash equivalents at the beginning of 359,257 369,489

the year

________ _______

Cash and cash equivalents at the end of the 339,156 359,257

year

________ _______

Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting of High Road Capital plc

("the Company") will be held at 9.00am on Wednesday 29 September 2010 at the

offices of Religare Capital Markets plc, 100 Cannon Street, London, EC4N 6EU.

The notice will be available for inspection during business hours, 9:00 - 17:

00, at the offices of Religare Capital Markets plc, on any weekday (public

holidays excluded) for a period of one month free of charge.

The Directors of the issuer accept responsibility for the contents of this

announcement.

For further information please contact:

High Road Capital plc

Gavin Burnell Tel: 020 7492 4773

St Helens Capital Partners LLP

Guy Miller Tel: 020 7368 6959

(END) Dow Jones Newswires

August 31, 2010 12:32 ET (16:32 GMT)

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