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Half-yearly report





HIGH ROAD CAPITAL PLC                           CHAIRMAN'S STATEMENT
                              FOR THE PERIOD ENDED 30 SEPTEMBER 2009


I am pleased to announce the interim results for the Company.

The  Company made a pre-tax loss of -ú10,797 for the period. Interest  receivable
for the period was -ú676.

Cash at bank at end of September 2009 was -ú349,843.

The  Directors  have reviewed a number of potential acquisitions and  investment
opportunities since the
successful  flotation  of High Road Capital plc on PLUS  in  2007  which  raised
-ú418,150  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

The interim financial information has been reviewed by the company's auditors.


HIGH ROAD CAPITAL PLC                     CONDENSED INCOME STATEMENT
                              FOR THE PERIOD ENDED 30 SEPTEMBER 2009


                                          6 months       Year    6 months
                                                to      ended          to
                                      30 September   31 March 30 September
                                              2009      2009         2008
                                         Unaudited   Audited    Unaudited

                                                 -ú        -ú        -ú

Revenue                                          -        -        -
Operating expenses                        (11,473) (24,640) (11,871)
                                           _______  _______   ______

Loss from operations                      (11,473) (24,640) (11,871)

Interest receivable and similar income        676   14,797    9,707
                                           _______  _______   ______

Loss before taxation                      (10,797)  (9,843)  (2,164)

Income tax expense                               -    (279)    (279)
                                           _______  _______   ______

Loss for the period                       (10,797) (10,122)  (2,443)
                                           _______  _______   ______

Loss per share                             (0.00)p  (0.00)p  (0.00)p
                                           _______  _______   ______




HIGH ROAD CAPITAL PLC                        CONDENSED BALANCE SHEET
REGISTERED NUMBER: 06050613                  AS AT 30 SEPTEMBER 2009


                                                       As at    As at
                                                30 September 31 March
                                                        2009     2009
                                                   Unaudited  Audited
                                                           -ú        -ú
Assets

Current assets

Trade and other receivables                            4,616   7,044
Cash and cash equivalents                            349,843 359,257
                                                     _______ _______

Total assets                                         354,459 366,301
                                                     _______ _______

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                                       (24,776) (13,979)

                                                   ________  _______

                                                    352,653  363,450
Current liabilities

Trade and other payables                              1,806    2,851
                                                    _______  _______

Total equity and liabilities                        354,459  366,301
                                                    _______  _______





HIGH ROAD CAPITAL PLC       CONDENSED STATEMENT OF CHANGES IN EQUITY
                              FOR THE PERIOD ENDED 30 SEPTEMBER 2009


                                                   Shares to
                                                   be issued
                                   Share   Share       under  Retained
                                 Capital premium    warrants      loss   Total
                                       -ú       -ú           -ú         -ú       -ú

Balance as at 1 April 2008        71,815  281,909     23,705   (3,857) 373,572

Loss for the year                      -       -           -  (10,122) (10,122)
                                  ______  _______    ______     _____  _______

Balance as at 31 March 2009       71,815  281,909    23,705   (13,979)  363,450

Loss for the period                    -        -        -    (10,797) (10,797)
                                  ______  _______   ______      _____   _______

Balance as at 30 September 2009   71,815 281,909    23,705    (24,776)  352,653
                                  ______ _______    ______      _____   _______





HIGH ROAD CAPITAL PLC                  CONDENSED CASH FLOW STATEMENT
                              FOR THE PERIOD ENDED 30 SEPTEMBER 2009

                                                    6 months     Year
                                                          to    ended
                                                30 September 31 March
                                                       2009      2009
                                                   Unaudited  Audited
                                                           -ú       -ú

Cash flows from operating activities
Operating loss                                     (11,473)   (24,640)
                                                    _______    _______

Movement in working capital:
Decrease/(Increase) in trade and other receivables   2,428       (543)
(Decrease)/Increase in trade and other payables     (1,045)       433
                                                   ________    _______

Cash used in operations                            (10,090)   (24,750)
Corporation tax paid                                     -       (279)
                                                   ________    _______

Net cash used in operating activities              (10,090)   (25,029)

Cash flows from investing activities
Interest received                                      676     14,797
                                                   ________   _______

Decrease in cash and cash equivalents               (9,414)   (10,232)
                                                   ________  _______

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

Cash and cash equivalents at the end of the period 349,843    359,257
                                                   ________   _______






HIGH ROAD CAPITAL PLC    INDEPENDENT REVIEW REPORT

INDEPENDENT REVIEW REPORT TO HIGH ROAD CAPITAL PLC

Auditors review report

We have been engaged by the Company to review the condensed set of Financial
Statements in the interim financial report for the six months ended 30 September
2009 which comprise the balance sheet, income statement, statement of changes in
equity, cash flow statement and related condensed notes. We have read the other
information contained in the interim financial report and considered whether it
contains any apparent misstatements or material inconsistencies with the
information in the condensed set of financial statements.

Directors' Responsibilities

The interim financial report is the responsibility of, and has been approved by,
the Directors. The Directors are responsible for preparing the interim financial
report in accordance with the PLUS Rules for Companies.

The annual Financial Statements of the Company are prepared in accordance with
the recognition and measurement criteria of IFRSs as adopted by the European
Union. The condensed set of Financial Statements included in this interim
financial report has been prepared in accordance with the PLUS Rules for
Companies.

Our Responsibility

Our responsibility is to express to the Company a conclusion on the condensed
set of Financial Statements in the interim financial report based on our review.
This report, including the conclusion, has been prepared for and only for the
Company for the purpose of the PLUS Rules for Companies. We do not, in producing
this report, accept or assume responsibility for any other purpose to any other
person to whom this report is shown or into whose hands it may come save where
expressly agreed by our prior consent in writing.

Scope of review

We conducted our review in accordance with the International Standard on Review
Engagements 2410 "Review of Interim Financial Information Performed by the
Independent Auditor of the Entity" issued by the Auditing Practices Board for
use in the United Kingdom. A review of interim financial information consists of
making enquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures.  A review is
substantially less in scope than an audit conducted in accordance with
International Standards on Auditing (UK and Ireland) and consequently does not
enable us to obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do not express an
audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe
that the condensed set of Financial Statements in the interim financial report
for the six months ended 30 September 2009 is not prepared, in all material
respects, in accordance with the PLUS Rules for Companies.



Littlejohn LLP
Chartered Accountants
1 Westferry Circus
Canary Wharf
London E14 4HD
 2009



Contact details:
High Road Capital plc
Gavin Burnell       Tel: 020 7448 4400

St Helens Capital Partners LLP
Guy Miller          Tel: 020 7448 4478