MRL Marlowe Plc

 

TIDMSHOK 
 
RNS Number : 4642T 
Shellshock Limited 
28 September 2010 
 

 
Shellshock Limited announces results for the year ended 31 March 2010 
 
Belize City, Belize, 28 September 2010 - Shellshock Limited (London-AIM: SHOK) 
("Shellshock" or the "Company") reported net income of GBP37,000 for the year 
ended 31 March 2010 (2009 - net loss GBP134,000). Basic and diluted earnings per 
ordinary share for the year ended 31 March 2010 amounted to 0.62 pence (2009 - 
loss per share 2.23 pence). 
The Company continues its search for investment opportunities in line with its 
stated strategy which includes possible investment in either one or more quoted 
or unquoted businesses that may have been set up by entrepreneurs with good 
strategic plans and need financial backing and the support of the experienced 
Shellshock management team. 
The Company confirms that it has today posted the annual report to shareholders, 
copies of which are available on the Company's web site. Further details on the 
Company are set out in the Company's AIM Admission document dated 4 October 2007 
and on the Company's web site. 
 
For further information contact: 
 
Shellshock Limited 
Belize +501 223 5989 
UK +44 (0)20 7248 6700 
 
Note: This and other press releases are available at the Company's web site: 
http://www.shellshocklimited.com. 
 
 
Income statement 
 
 
+----------------------------------+------+---------+---------+ 
| Year ended 31 March              |      |    2010 |    2009 | 
+----------------------------------+------+---------+---------+ 
|                                  |      |  UKGBP000 |  UKGBP000 | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Administrative expenses          |      |    (79) |   (258) | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Operating loss                   |      |    (79) |   (258) | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Financial income                 |      |    116  |    124  | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Profit (loss) before taxation    |      |      37 |  (134)  | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Taxation                         |      |       - |       - | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Net profit (loss) for the year   |      |      37 |   (134  | 
+----------------------------------+------+---------+---------+ 
|                                  |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Earnings (loss) per ordinary     |      |         |         | 
| share                            |      |         |         | 
+----------------------------------+------+---------+---------+ 
| Basic (pence)                    |      |    0.62 | (2.23)  | 
+----------------------------------+------+---------+---------+ 
 
 
Balance sheet 
 
 
+----------------------------------+------+---------+--------+ 
| At March 31                      |      |    2010 |   2009 | 
+----------------------------------+------+---------+--------+ 
|                                  |      |  UKGBP000 | UKGBP000 | 
+----------------------------------+------+---------+--------+ 
| Assets                           |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Current assets                   |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Cash and cash equivalents        |      |  2,941  | 2,955  | 
+----------------------------------+------+---------+--------+ 
| Other receivables                |      |     19  |    18  | 
+----------------------------------+------+---------+--------+ 
|                                  |      |  2,960  | 2,973  | 
+----------------------------------+------+---------+--------+ 
| Liabilities                      |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Current liabilities              |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Other payables                   |      |    (18) |   (68) | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Net current assets               |      |  2,942  | 2,905  | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Net assets                       |      |  2,942  | 2,905  | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Shareholders' equity             |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Called up share capital          |      |  3,000  | 3,000  | 
+----------------------------------+------+---------+--------+ 
| Retained deficit                 |      |    (58) |  (95)  | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Total shareholders' equity       |      |  2,942  | 2,905  | 
+----------------------------------+------+---------+--------+ 
 
 
Statement of cash flows 
 
 
+----------------------------------+------+---------+--------+ 
| Year ended 31 March              |      |    2010 |   2009 | 
+----------------------------------+------+---------+--------+ 
|                                  |      |  UKGBP000 | UKGBP000 | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Cash flows from operating        |      |         |        | 
| activities                       |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Cash used in operations          |      |   (130) |  (224) | 
+----------------------------------+------+---------+--------+ 
| Interest received                |      |    116  |   124  | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Net cash utilised by             |      |    (14) | (100)  | 
| operating activities             |      |         |        | 
+----------------------------------+------+---------+--------+ 
|                                  |      |    (14) | (100)  | 
| Net (decrease) in cash and       |      |         |        | 
| cash equivalents                 |      |         |        | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Cash and cash equivalents at     |      |  2,955  |  3,055 | 
| beginning of year                |      |         |        | 
+----------------------------------+------+---------+--------+ 
|                                  |      |         |        | 
+----------------------------------+------+---------+--------+ 
| Cash and cash equivalents at end |      |  2,941  | 2,955  | 
| of year                          |      |         |        | 
+----------------------------------+------+---------+--------+ 
 
 
 
 
 
                                     -ENDS- 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 FR UWRNRRNAKUAR 
 

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