East Assets plc.
East Assets plc.: Financial Statemantes 2013
East Assets plc. / Key word(s): Final Results EAST ASSETS PLC: ANNUAL FINANCIAL REPORT 2013 Financial Statements for the year ended 31 October 2013 London, 4st August 2014, EAST ASSETS PLC (“EAST” or the “Company”) would like to announce the publication of the Strategic report, report of the directors and the audited financial statements for the period from 7th November 2012 to 31st October 2013. Fully audited results and the Company’s audited annual financial statements for year ended 31st October 2013 (collectively, the “2013 Annual Financial Statements”) are with immediate effect published to the market. PROFIT AND LOSS ACCOUNT
Continuing operations Total recognised gains and losses BALANCE SHEET Current assets Notes £ Prepayments and accrued income 3,207 Creditors Net current liabilities (6,873) Total assets less current liabilities (6,873) Capital and reserves Shareholders’ funds 11 (6,873) CASH FLOW STATEMENT Net cash outflow Notes £ from operating activities 1 (106,850 ) (106,850 ) Financing 2 106,850 Increase in cash in the period –
NOTES TO THE CASH FLOW STATEMENT 1. Reconciliation of operating loss to net cash outflow from operating activities £
2. Analysis of cash flows for headings netted in the cash flow statement £ Financing Net cash inflow from financing 106,850 3. Analysis of changes in net debt Net cash: 7.11.12 Cash flow 31.10.13 £ £ £ Cash at bank and in hand – – – NOTES TO THE CASH FLOW STATEMENT 1. Reconciliation of operating loss to net cash outflow from operating activities £
2. Analysis of cash flows for headings netted in the cash flow statement £ Financing Net cash inflow from financing 106,850 3. Analysis of changes in net debt Net cash: 7.11.12 Cash flow 31.10.13 £ £ £ Cash at bank and in hand – – – NOTES TO THE FINANCIAL STATEMENTS 1. Accounting policies Accounting convention The financial statements have been prepared under the historical cost convention and are in accordance with applicable accounting standards. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. 2. Staff costs 3. Operating loss £ Auditors’ remuneration 3,600 Directors’ remuneration – 4. Taxation 5. Creditors: amounts falling due within one year Trade creditors 6,480 10,080 6. Called up share capital
106,850,000 Ordinary shares of .001 each were allotted and fully paid for cash at par during the period. 7. Reserves Deficit for the period (113,723 ) At 31 October 2013 (113,723 ) The consolidated loss for the year after taxation transferred against The Directors of the company accept responsibility for this announcement. To find out more about EAST ASSETS PLC, please visit our website at www.eastassetsplc.com
Contact: EAST ASSETS PLC
Disclaimer: This notice constitutes neither an offer to sell nor a solicitation of
04.08.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | East Assets plc. | |
42 Welbeck Street | ||
W1G 8DU London | ||
United Kingdom | ||
Phone: | +44 (0)207 607 2060 | |
E-mail: | info@eastassetsplc.com | |
Internet: | www.eastassetsplc.com | |
ISIN: | GB00B8QYPJ51 | |
Listed: | Foreign Exchange(s) GXG | |
End of News | DGAP News-Service |
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