Interim Results to 31 March 2024

Source: RNS
RNS Number : 3874U
Becket Invest PLC
28 June 2024
 

28 June 2024

 

 

Becket Invest Plc

("Becket" or the "Company")

 

Interim Results for the Six Months Ended 31 March 2024

 

I am pleased to present the interim results for Becket Invest Plc ("Becket" or the "Company") for the period ended 31 March 2024.  The Company was admitted to the Standard Listing of the Main Market of the London Stock exchange on 5 June 2023 (XLON: TAB).

 

Chairman's Statement

 

During the period the Company made a loss of £142,812, compared with a loss of £Nil for the same period last year.  The loss is largely due to everyday administration, salaries and professional fees whilst the Board have been diligently attempting to identify a suitable business in the battery metals and related technologies sectors with which to enter into a potential transaction. The Board has been working attentively to reduce the administrative costs of the Company, reducing salaries and outsourced administrative assistance.  As at 31 March 2024, the Company's cash position was £506,165 (2023: £Nil).

 

These interim results have not been audited by the Company's auditor.

 

Post period events

 

Since the end of the reported period, the Company has continued to attempt to identify a suitable business in the battery metals and related technologies sectors with which to enter into a potential transaction.

 

Directors of the company

 

The directors who have served during the period and up to the date of approval were as follows:

 

Graeme Muir

(Chairman)

Daniel Monks

(Executive Director) (appointed 14 June 2024)

James Crossley

(Resigned 14 June 2024)

Thomas Furlong

(Resigned 1 December 2023)

 

Results and dividends

 

The interim statement of comprehensive income is set out on page 3 and shows the loss for six month period to 31 March 2024.  The directors consider the loss for the period to be in line with expectations.  The directors do not recommend a payment of a dividend.

 

This report was approved by the Board and signed on its behalf:

 

 

 

Graeme Muir

Chairman

 

The Directors of the Company accept responsibility for the content of this announcement.

 

Enquiries:

 

Company

Becket Invest Plc

Graeme Muir

gm@becketinvest.co.uk

www.becketinvest.co.uk

 

Financial Advisor and Corporate Broker

Peterhouse Capital Limited

Telephone: 020 7469 0930

Statement of Comprehensive Income for the 6 months ended 31 March 2024

 


6 months to

31 March 2024

Unaudited

 

Year ended

30 September 2023

Audited

 

6 months to

31 March 2023

Unaudited

 

£

 

£

 

£

Administrative expenses

(142,812)


(171,906)


-

Warrant expense

-


(2,093,571)


-

Operating Profit / (Loss)

(142,812)


(2,265,477)


-







Taxation

-


-


-







Loss for the period from continuing operations

(142,812)

 

(2,265,477)

 

-

 

 

 

 

 

 

Other comprehensive income

-

 

-


-

 

 

 




Total comprehensive income for the period

(142,812)

 

(2,265,477)

 

-

 

 

 

 

 

 

Earnings per share






Basic earnings per share

(0.174p)


(8.5p)


-

Diluted earnings per share

(0.025p)


(1.2p)


-

 



 

Statement of Financial Position for the 6 months ended 31 March 2024

 

6 months to

31 March 2024

Unaudited

 

Year ended

30 September 2023

Audited

 

6 months to

31 March 2023

Unaudited

 

£

 

£

 

£

Assets

 

 

 

 

 

Current assets






Trade and other receivables

26,962


38,390


1

Cash and cash equivalents

506,165


677,622


-


533,127


716,012


1







Total assets

533,127

 

716,012

 

1


 

 

 

 

 

Current liabilities

 

 

 

 

 

Trade and other payables

27,844


67,917


-


27,844


67,917


-







Net assets

505,283

 

648,095

 

1







Capital and reserves






Share capital

820,001


820,001


1

Warrant reserves

2,093,571


2,093,571


-

Retained earnings

(2,408,289)


(2,265,477)


-

Total equity

505,283

 

648,095

 

1

 

 



Statement of Changes in Equity for the 6 months ended 31 March 2024

 


Share

Warrant

Retained

Total


capital

reserves

Earnings

 


 

 

 

 

 

£

£

£

£

 





As at 1 October 2022

1

-

-

1

 

 

 

 

 

Profit / (Loss) for the period

-

-

-

-

Total comprehensive income

-

-

-

-

Balance at 31 March 2023

1

-

-

1

 





As at 1 October 2022

1

-

-

1

 





Net equity issued

820,000

-

-

820,000

Share warrant expense

-

2,093,571

-

2,093,571

Loss for the year

-

-

(2,265,477)

(2,265,477)

Total comprehensive income

-

-

(2,265,477)

(2,265,477)

Balance at 30 September 2023

820,001

2,093,571

(2,265,477)

648,095

 

 

 

 

 

Loss for the period

-

-

(142,812)

(142,812)

Total comprehensive income

-

-

(142,812)

(142,812)

Balance at 31 March 2024

820,001

2,093,571

(2,408,289)

505,283

 

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