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Quetzal Capital Plc - Interim Results 1-7-2020 to 31-12-2020

·5-min read

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY QUETZAL CAPITAL PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Quetzal Capital Plc

(“Quetzal Capital” or the "Company")

Unaudited Financial Results for the Six Months to 31st December 2020

Directors' Statement

I hereby announce the interim results of Quetzal Capital. The Company made a pre-tax loss of £16,914 (period ended 31 December 2019 - £26,714).

The Directors have reduced costs to a minimum and are currently reviewing new opportunities for the Company.

Mark Jackson, FCA, MBA,

Director,

8th January 2021

Quetzal Capital PLC
Condensed Profit and Loss Account
for the period from 1 July 2020 to 31 December 2020

Six months to
31/12/20

Six months to
31/12/19

£

£

Revenue

-

-

Operating expenses

(16,914)

(22,814)

Operating loss

(16,914)

(22,814)

Interest payable

-

(3,900)

Loss on ordinary activities before taxation

(16,914)

(26,714)

Corporation tax

-

-

Total comprehensive loss for the period attributable to members

(16,914)

(26,714)






Quetzal Capital PLC
Condensed Balance Sheet
as at 31 December 2020

Notes

31/12/2020

31/12/2019

£

£

Fixed assets

Investments

2

2,187

1,249

Current assets

Debtors

4,458

2,100

Creditors: amounts falling due within one year

(63,991)

(71,341)

Net current liabilities

(59,533)

(69,241)

Total assets less current liabilities

(57,346)

(67,992)

Creditors: amounts falling due after more than one year

-

(292,933)

Net liabilities

(57,346)

(360,925)

Capital and reserves

Called up share capital

1,552,577

1,545,511

Share premium

1,573,086

1,562,336

Profit and loss account

(3,183,009)

(3,468,772)

Shareholders' funds

(57,346)

(360,925)

Quetzal Capital PLC
Condensed Statement of Changes in Equity
for the period from 1 July 2020 to 31 December 2020

Share

Share

Profit

Total

capital

premium

and loss

account

£

£

£

£

At 1 July 2019

1,545,511

1,562,336

(3,442,058)

(334,211)

Loss for the financial period

-

-

(26,714)

(26,714)

At 31 December 2019

1,545,511

1,562,336

(3,468,772)

(360,925)

At 1 July 2020

1,552,202

1,572,336

(3,166,095)

(41,557)

Loss for the financial period

-

-

(16,914)

(16,914)

Shares issued

375

750

-

1,125

At 31 December 2020

1,552,577

1,573,086

(3,183,009)

(57,346)

Quetzal Capital PLC
Condensed cash-flow statement
as at 31 December 2020

Six months to

Six months to

31/12/2020

31/12/2019

£

£

Cashflows from operating activities

Operating loss

(16,914)

(26,714)

Movement in working capital:

(Increase)/ decrease in trade and other receivables

3,037

4,114

(Decrease)/ increase in trade and other payables

(22,248)

22,600

Cash used in operations

(36,125)

-

Financing activities

Loans received

35,000

-

Net share proceeds in period

1,125

-

36,125

-

Increase/(Decrease) in cash and cash equivalents

-

-

Cash and cash equivalents at beginning of the period

-

-

Cash and cash equivalents at end of the period

-

-

Quetzal Capital PLC
Notes to the Abridged Accounts
for the period from 1 July 2020 to 31 December 2020

1

Financial information

The financial information set out above does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the IFRS as adopted by the European Union.

The accounting policies used in the preparation of this set of condensed interim financial are consistent with those set out in the Company's annual financial statements for the year ended 30 June 2020 and those that will be used in the preparation of the financial statements for the year ended 30 June 2021. Statutory accounts for the year ended 30 June 2020 were approved by the board of directors on 2 December 2020 and delivered to the Registrar of Companies. The report of the auditor on those financial statements was unqualified.

The financial information for the period ended 31 December 2020 has not been audited or reviewed. As permitted the Company has chosen not to adopt IAS34 'Interim Financial Statements' in preparing this financial information.

Going concern

The Directors, having made appropriate enquiries, consider that adequate resources exist and continued support of the directors is forthcoming for the Company to continue in operational existence for the foreseeable future, therefore, it is appropriate to adopt the going concern basis in preparing the condensed interim financial statements for the period ended 31 December 2020.

2

Investments

Investments in

subsidiary

Other

undertakings

investments

Total

£

£

£

Cost

At 1 July 2020

1000

1187

2187

At 31 December 2020

1000

1187

2187

3

Earnings per share

The calculation of basic earnings per share is based on the loss attributable to ordinary shareholders divided by the weighted average of ordinary shares in issue being 22,333,235 during the period. This results in a loss per share of 0.08p (2019 - 0.002p).

This announcement has been issued after due and careful enquiry; the Directors of Quetzal Capital Plc accept responsibility for the content.

REGULATORY ANNOUNCEMENT ENDS

Enquiries:

Quetzal Capital Plc

Mark Jackson: +44 1482 794654

Keith, Bayley, Rogers & Co. Limited

Graham Atthill-Beck: +44 7506 43 41 07; Graham.Atthill-Beck@kbrl.co.uk; blackpearladvisers@gmail.com

Brinsley Holman: +44 7776 30 22 28; Brinsley.Holman@kbrl.co.uk