HOT ROCKS INVESTMENTS PLC (FRA:GB00B1WV) Hot Rocks Investments plc: UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023
Transparency directive : regulatory news
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Hot Rocks Investments plc (HRIP)
HOT ROCKS INVESTMENTS PLC ("Hot Rocks" or the "Company")
UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023
CHAIRMAN'S STATEMENT
I hereby present the interim results for the Company for the six months ended 30th September 2023.
The Company is an active investor largely in junior natural resources companies.
The Company made a total comprehensive loss of GBP41,367 for the period. The Company will not be paying a dividend.
Cash at bank at 30th September 2023 was GBP 18,415.
We now hold stakes in the following entities:
Aqru plc D3 Energy Elephant Oil Corp Impact Oil & Gas Limited Mafula Energy Limited MedGold Resources Corp Minergy Limited Mosi Copper Limited New Horizon Oil & Gas Limited NFT Investments plc
Pilar Gold Inc Rift Resources Limited Roquefort Therapeutics Limited Royal Road Minerals Limited Trigon Metals Inc Unicorn Mineral Resources plc
Brian Rowbotham Non-Executive Chairman 28 December 2023
HOT ROCKS INVESTMENTS PLC ACCOUNTING POLICIES FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023
Financial information
The financial information set out above does not constitute statutory accounts within the meaning of Section 434 Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS) as adopted by the European Union.
The accounting policies used in the preparation of this set of condensed interim financial statements are consistent with those set out in the Company's annual financial statements for the year ended 31 March 2023. Statutory accounts for the year ended 31 March 2023 were approved by the Board of Directors on 29 September 2023 and delivered to the Registrar of Companies. The report of the independent auditor on those accounts was unqualified.
The financial information for the six months ended 30 September 2023 has not been reviewed. As permitted, the Company has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing this interim financial information.
Risks and uncertainties
The Board continually assesses and monitors the key risks of the business. The key risks that could affect the Company's medium-term performance and the factors that mitigate those risks have not substantially changed from those discussed in the Financial Statements to 31 March 2023.
Critical accounting estimates
The preparation of the condensed interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to estimates are set out in the accounting policies of the Company's Financial Statements to 31 March 2023.
The Directors of the issuer are responsible for the content of this announcement.
For further information please contact: Hot Rocks Investments plc - Gavin Burnell: 020 7264 4546
Optiva Securities Ltd – Daniel Ingram: 020 3981 4178
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
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| ISIN: | GB00B1WV3198 |
| Category Code: | IR |
| TIDM: | HRIP |
| LEI Code: | 213800JNSRPMZVREEO51 |
| Sequence No.: | 294468 |
| EQS News ID: | 1805153 |
| End of Announcement | EQS News Service |
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source : webdisclosure.com