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DJ Lombard Capital PLC Half-year Report

 
TIDMLCAP 
 
LOMBARD CAPITAL PLC 
("Lombard" or the "Company") 
 
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 
 
CHAIRMAN'S STATEMENT 
 
Dear shareholder 
 
Your current board of directors continues to focus on investment opportunities 
and the issuance of asset backed investment bonds. Our bonds are listed on 
Vienna stock exchange. 
 
My report for the 6 months unaudited figures to 30th September 2019 shows a 
comprehensive loss of GBP 427,212. This loss is attributable to the operating 
expenses incurred during the period. 
 
During the period LCP Financial Limited (a wholly owned subsidiary of Lombard 
Capital Plc) has issued bonds to raise funds for a number of different 
investment transactions that are at various stages of completion and are 
looking positive. The directors of LCP Financial Limited are using their best 
endeavours to achieve a timely completion of all transactions. 
 
I look forward to the future with enthusiasm and thank all my colleagues and 
our professionals for their support and advice. 
 
I also thank you all as shareholders for your continuing support. 
 
David Grierson. 
Chairman 
Lombard Capital Plc. 
 
 
30th December 2019 
 
The directors of Lombard Capital Plc accept responsibility for this 
announcement. 
 
For further information please contact: 
 
Brent Fitzpatrick 
Tel:  07718 883813 
 
NEX Exchange Corporate Adviser: 
Alfred Henry Corporate Finance Limited 
Nick Michaels:  020 3772 0021 
 
 
Condensed Statement of Comprehensive Income 
 
Six months ended 30 September 2019 
 
                                              6 Months        Year         6 Months 
                                                ended        ended           ended 
 
                                             30/09/2019    31/03/2019     30/09/2018 
 
                                              Unaudited     Audited        Unaudited 
 
                                                  GBP            GBP               GBP 
 
Continuing operations 
 
Investment income                                      -            -               - 
 
Operating expenses                             (427,212)    (292,337)        (74,697) 
 
Finance charges                                      -       (29,469)               - 
 
Impairment of investments                            -            -               - 
 
Operating loss and loss before taxation        (427,212)    (321,806)        (74,697) 
 
Taxation                                             -            -               - 
 
Loss for the period, attributable to the       (427,212)    (321,806)        (74,697) 
owners 
 
Impairment of investments - reclassification         -              -             - 
to income statement 
 
Market value adjustment to investments               -         18,750             - 
 
Total comprehensive loss for the period        (427,212)    (303,056)        (74,697) 
 
Loss per share, basic and fully diluted           (10.1)        (9.3)           (1.8) 
(in pence) 
 
 
Condensed Statement of Financial Position 
 
As at 30 September 2019 
 
 
                                             30/09/2019     31/03/2019     30/09/2018 
 
                                             Unaudited       Audited       Unaudited 
 
                                                 GBP              GBP              GBP 
 
Non-current assets 
 
Available for sale investments                   131,250        131,250        112,500 
 
Financial assets at amortised cost               653,350        700,700              - 
 
                                                 784,600        831,950        112,500 
 
Current assets 
 
Trade and other receivables                      182,344         41,296        176,216 
 
Cash and cash equivalents                         51,494         12,059          4,130 
 
                                                 233,838         53,355        180,346 
 
Total assets                                   1,018,438        885,305        292,846 
 
Equity 
 
Ordinary shares                                    4,219          4,219          4,219 
 
Deferred shares                                  189,897        189,897        189,897 
 
Share premium                                    954,574        954,574        954,574 
 
Share option reserve                              80,300         80,300         80,300 
 
Investment revaluation reserve                   118,934        118,934        100,184 
 
Retained earnings                            (2,312,487)    (1,885,275)    (1,638,166) 
 
                                               (964,563)      (537,351)      (308,992) 
 
Current liabilities 
 
Trade and other payables                         764,000        672,656        601,838 
 
Loans and other borrowings                     1,219,000        750,000            - 
 
Total equity and liabilities                   1,018,438        885,305        292,846 
 
 
Notes to the financial statements 
 
Six months ended 30 September 2019 
 
 
1. Basis of preparation 
 
 
The financial statements for the six months ended 30 September 2019 are 
unaudited and do not constitute statutory accounts as defined in Section 434 of 
Companies Act 2006. The financial information for the year ended 31 March 2019 
is extracted from the audited statutory accounts for the year then ended which 
have been delivered to the Registrar of Companies. The audit report on those 
accounts was unqualified and did not contain a statement under Section 498(2) 
or (3) of Companies Act 2006. 
 
The financial information for the six months ended 30 September 2018 has been 
prepared on the basis of the accounting policies set out in the full annual 
financial statements of the company for the year ended 31 March 2019. 
 
2. Earnings per share 
 
 
The basic and diluted earnings per share is calculated by dividing the loss 
attributable to the owners of the company by the weighted average number of 
ordinary shares in issue during the period. 
 
The weighted average number of shares in issue at 30 September 2019 was 
4,219,157 (31 March 2019 4,219,157). 
 
3. Investments                             30/09/2019    31/03/2019   30/09/2018 
 
                                            Unaudited       Audited    Unaudited 
 
                                                    GBP             GBP            GBP 
 
Investments at cost less impairment           131,250       131,250      112,500 
 
Impairments: Recognised in the year               -             -            - 
 
Market value adjustment                           -             -            - 
 
Market value at period end                    131,250       131,250      112,500 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 30, 2019 09:43 ET (14:43 GMT)