RNS Number:6121P
Broadstoner Hldgs PLC
10 September 2003


                             BROADSTONER HOLDINGS PLC
   (The entire Ordinary Share Capital of the Company is held by Sears Limited)

                                INTERIM REPORT


         Profit and Loss Account for the six months ended 31 July 2003

                                                            2003           2002
                                                            #000           #000

Net Operating Income                                           -              -

PROFIT BEFORE TAXATION                                         -              -

Taxation                                                       -              -

PROFIT AFTER TAXATION                                          -              -

Dividends on Preference Shares                               (75)           (75)

Attributable to Equity Shareholders                          (75)           (75)

Dividends on Ordinary Shares                                   -              -

DEDUCTED FROM RESERVES                                       (75)           (75)



                    Balance Sheet as at 31 July 2003


                                                            2003           2002
                                                            #000           #000

CURRENT ASSETS
Debtors                                                   40,867         41,017

TOTAL ASSETS                                              40,867         41,017

CAPITAL AND RESERVES
Called-up Share Capital (including non-equity interests)  30,625         30,625
Share Premium                                              2,441          2,441
Profit and Loss Account                                    7,801          7,951

SHAREHOLDERS FUNDS (including non- equity interests)      40,867         41,017


Notes
     
1.   The Interim Report has been drawn up under the same accounting policies as
     those used for the Annual Report and Accounts for 2002/03.  The report does 
     not constitute statutory accounts and the figures are unaudited.

2.   The company has taken advantage of the exemption provided on FRS1 and has 
     not produced a cashflow statement. The company is a wholly subsidiary of 
     Sears Limited which in turn is a wholly own subsidiary of January 
     Investments Limited whose financial statements include a consolidated 
     cashflow statement dealing with the cash flows of the group.

3.   A copy of this interim Report will be posted to shareholders and copies 
     will be available from the secretary, Broadstoner Holdings plc, Fourth 
     Floor, Euston House, 132 Hampstead Road, London NW1 2PS.           



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