Release details

2017-12-07 11:49 CET
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Interim results for the six months ended 30 September 2017

("Etaireia" or the "Company")

Interim results for the six months ended 30th September 2017

I am pleased to present the interim results for Etaireia Investments PLC for the six months ended 30th September 2017.

           Financial Overview

There was a loss from continuing operations for the year of £91,316 (2016: £77,648). 

The Group's net assets at the end of the period were £1,880,607 (2016: £2,465,764)

Review of Activities

On the 3rd May 2017, the Company announced the exchange of contracts for the acquisition of two modern office buildings at Whitehouse Office Park, Peterlee, County Durham..

During the period, the Company raised a further £3,000 by way of subscription of new ordinary shares.

There have been no other material events, transactions or developments during
the period.

Post Balance Sheet Events

On the 7th November 2017, the Company announced the completion of the two office buildings at Whitehouse Office Park, Peterlee. The purchase price of GBP1,125,000 was satisfied by the issue of  600,000,000 new ordinary shares of 0.01p each, at a price of 0.1p per  new ordinary share and GBP525,000 cash consideration. The cash consideration has been deferred for 12 months. The office buildings represent a combined area of approximately 58,000 sq.ft. of space and the ground floor of 2A representing approximately 14,500 sq ft is currently occupied by NHS who have recently signed a new 6 year lease (expires 31/03/2023) producing a rental income of GBP65,979  p.a. The remaining approximate 43,500 sq ft of office space is currently being marketed at a similar pro rata rental level that has already created interest and the Company is optimistic that the remaining vacant space will be let in the near future. Until the deferred cash payment is paid, the Company has agreed to assign 75% of the rental income to the vendors that will be directly offset against the deferred sum.

On the 24th November 2017, the Company announced that it had issued a total of 46,388,889 shares in settlement of a loan to the Company and an outstanding debt totalling £41,750.

There have been no other material events, transactions or developments during
the post balance sheet period.

We are constantly exploring further acquisitions and expect to be making further announcements in this respect in the near future.

Baron Bloom
7th December 2017


        Period 01/04/2017
Revenue       1,350   1,400
Cost of sales     -   -
Gross Profit     1,350   1,400
Administrative expenses   (92,666)   (79,048)
Loss before tax     (91,316)   (77,648)
Taxation       -   -
Loss for the period     (91,316)   (77,648)
Basic and diluted loss per share (note 1) (0.000050)   (0.000042)


          30/09/2017     30/09/2016  

Fixed Assets

Freehold land & property   1,292,780     2,630,780  
Investments   972,000     -   
    2,264,780     2,630,780  

Current Assets
Trade and other receivables   16,577   15,905  
Prepayments     4,250     3,500  
Bank and cash     40,771   776  
        2,326,378   2,650,961  
Current Liabilities            
Trade and other payables   (292,600)   (185,197)  
Net Current Assets   2,033,778   2,465,764  
Long term creditors   (153,171)   -  
          1,880,607     2,465,764  
Issued share capital       391,192     387,251  
Share premium       2,927,343     2,893,288  

Share option reserve
      116,187     101,233  
Reserve acquisition       -     609,092  
Profit and loss     (1,554,115)   (1,525,100)  
       1,880,607     2,465,764  

Notes to the financial information 

1.      The calculation of loss per share is based on the loss on ordinary activities after taxation          and the number of shares of 1,867,949,955 in issue at the end the period.  Due to the loss incurred in the period under review, the dilutive securities have no effect as at 30 September 2017. 

3.      While the financial information included in this announcement has been computed in accordance with International Financial Reporting Standards (IFRS), this announcement does not itself contain sufficient information to comply with IFRS. 

4.        The financial information has not been audited or reviewed by the auditors, or extracted from audited information.  This financial statement does not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006 (the "Act"). 

5.         The Directors have not declared a dividend for the period. 

6.        This statement was approved by the Board of Directors on 7th December 2017.  Copies of this statement will be available free of charge from the Company's Registered Office at The Barn, Tednambury Farm, Tednambury, Spellbrook, Herts, CM23 4BD

 The Directors of the Company accept responsibility for the content of this announcement.



Etaireia Investments Plc
Tel:  +44 (0)79 1756 5565
Baron Bloom, Chairman

NEX Corporate  Adviser

Alexander David Securities Limited
David Scott - Corporate Finance
James Dewhurst - Institutional Sales
Telephone: +44 (0) 20 7448 9820 49 Queen Victoria Street, London EC4N 4SA