31 May 2015
KYG394391158
Globe Capital
Limited
("Globe Capital" or the "Company")
Audited Annual
Results for the year ended 31 December
2015
Globe Capital Limited (ISDX: GCAP) is pleased to announce its
audited annual results for year ended 31
December 2015.
Chairman’s Statement
I am pleased to report the final audited results for the year
ended 31 December 2015 of Globe
Capital Limited (“the Company”).
Financial performance
The turnover for the year was nil (2014: nil) and the loss was
£129,184 (2014: £149,111). The loss per share was 0.17 pence (2014: 0.20
pence). In the past year, the Directors have kept
operational costs at a minimum.
Review of operations
2015 was a transitional year for the Company. The Company has
now realigned its investment focus towards the retail sector with a
particular emphasis on menswear. The recent investment in Sterling
Craig Ltd is the first stage in the Company’s future plans.
The Company’s shares are traded on the ISDX Growth Market.
Board changes
During the year under review, David
Adamson Hirst left the Company. In January 2016, Wong Xinyan left the Company. I
would like to thank them both all for their past services to the
Company.
Future prospects
After the year end, in January
2016, the Company raised £100,500 in new equity. The
Directors are presently reviewing a number of investment
opportunities while speaking to new investors. I hope to be able to
give further news of these developments in the near future.
David Barnett
Chairman
31 May 2016
The directors of Globe Capital Limited
accept responsibility for this announcement.
For further information:
Globe Capital Limited
Christopher Neo, Company Secretary
+44 (0)20 3286 6388
http://www.globecapitalltd.com/
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Corporate Finance
James Dewhurst – Institutional
Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street,
London EC4N 4SA
GLOBE CAPITAL LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 DECEMBER
2015
|
Audited |
|
Audited |
|
Year
ended
31 December
2015 |
|
Year
ended
31 December
2014 |
|
GBP |
|
GBP |
| Revenue |
- |
|
- |
|
|
|
|
| Other Income |
2 |
|
9 |
|
|
|
|
| Administrative
Expenses |
(129,186) |
|
(149,120) |
|
|
|
|
| Profit / (Loss) Before
Income Tax |
(129,184) |
|
(149,111) |
|
|
|
|
| Income Tax |
- |
|
- |
|
|
|
|
| Other Comprehensive
Loss |
- |
|
- |
|
|
|
|
| Profit / (Loss) for
the period attributable to equity holders |
(129,184) |
|
(149,111) |
|
|
|
|
Earnings / (Loss) per
share
Basic & Diluted (pence) |
(0.17p) |
|
(0.20p) |
GLOBE CAPITAL LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 DECEMBER 2015
|
Audited |
|
Audited |
Year
ended
31 December
2015 |
|
Year
ended
31 December
2014 |
|
GBP |
|
GBP |
|
|
|
|
| Non-current
Assets |
|
|
|
| Property, plant and
equipment |
5,631 |
|
28,153 |
| Investments |
- |
|
- |
| Total Non-current
Assets |
5,631 |
|
28,153 |
|
|
|
|
| Current assets |
|
|
|
| Financial assets at
fair value through profit or loss |
- |
|
- |
| Trade and other
receivables |
51 |
|
572 |
| Cash and cash
equivalents |
10,266 |
|
59,411 |
| Total Current
Assets |
10,317 |
|
59,983 |
|
|
|
|
| Current
Liabilities |
|
|
|
| Financial liabilities
at fair value through profit or loss |
- |
|
- |
| Trade and other
payables |
65,211 |
|
8,215 |
| Financial Liabilities
- Borrowings |
- |
|
- |
|
|
|
|
| Total Current
Liabilities |
65,211 |
|
8,215 |
| Net Assets |
(49,263) |
|
79,921 |
|
|
|
|
| Shareholders'
Equity |
|
|
|
| Called Up Share
Capital |
626,966 |
|
626,966 |
| Share Premium |
388,508 |
|
388,508 |
| Foreign Currency
Translation Reserve |
- |
|
- |
| Retained Earnings |
(1,064,738) |
|
(935,554) |
| Total Equity |
(49,263) |
|
79,921 |
GLOBE CAPITAL LIMITED
CONSOLIDATED STATEMENT OF CASH FLOW
For the year ended 31 DECEMBER
2015
|
|
Audited |
|
Audited |
|
|
Year
ended
31 December
2015 |
|
Year
ended
31 December
2014 |
|
|
GBP |
|
GBP |
|
|
|
|
|
| Profit/(Loss) before
tax |
|
(129,184) |
|
(149,111) |
| Adjustment: |
|
|
|
|
| Other income |
|
(2) |
|
(9) |
| Depreciation |
|
22,522 |
|
22,523 |
| Operating
profit/(loss) |
|
(106,664) |
|
(126,597) |
|
|
|
|
|
| Cash flows from
operating activities |
|
|
|
|
| (Increase)/decrease in
trade and other receivables |
|
521 |
|
1,053 |
| Increase/(decrease) in
trade and other payables |
|
56,996 |
|
(14,202) |
| Cash utilised in
operations |
|
(49,147) |
|
(139,746) |
|
|
|
|
|
| Cash flows from
investing activities |
|
|
|
|
| Payment made to
leasehold improvement |
|
- |
|
- |
| Bank interest
received |
|
2 |
|
9 |
|
|
|
|
|
| Net cash from
investing activities |
|
2 |
|
9 |
|
|
|
|
|
| Cash flows from
financing activities |
|
|
|
|
| Issue of new
shares |
|
- |
|
- |
| Unsecured loans |
|
- |
|
- |
| Proceed from loans
from related parties |
|
- |
|
- |
| Interest paid |
|
- |
|
- |
|
|
|
|
|
| Net cash from
financing activities |
|
- |
|
- |
|
|
|
|
|
| (Decrease)/increase in
cash and cash equivalents |
|
(49,145) |
|
(139,737) |
| Cash and cash
equivalents at the beginning of the period |
|
59,411 |
|
199,148 |
| Effect of foreign
exchange rate |
|
- |
|
- |
|
|
|
|
|
| Cash and cash
equivalents at end of period |
|
10,266 |
|
59,411 |