Half Yearly Report
09 Dicembre 2008 - 8:00AM
UK Regulatory
RNS Number : 7405J
Wyndham York PLC
09 December 2008
WYNDHAM YORK plc ("the Company")
INTERIM RESULTS FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2008
Wyndham York plc announces its interim results for the six months ended 30 September 2008. In the period, the Company made a pre-tax
loss of �45,000 and a loss per share of 1.20p. The Company's net assets at 30 September 2008 were �1.029 million.
The Board is reviewing its options in the unprecedented circumstances of the current UK residential property market and expects to
report on progress in the coming year.
Dated: 9th December 2008
Further information:
Christopher Phillips
Chairman, Wyndham York plc
020 7908 7700
Harvey Shulman
Chief Executive, Wyndham York plc
020 7625 0038
Azhic Basirov
Joanne du Plessis
Smith & Williamson Corporate Finance Limited
020 7131 4000
WYNDHAM YORK plc
Income Statement
Six months ended 30th September 2008
Notes 6 Months ended 6 Months ended Year ended
30 September 30 September 31 March
2008 2007 2008
�'000 �'000 �'000
(unaudited) (unaudited) (audited)
Turnover 51 66 103
Cost of sales (21) (26) (21)
Gross profit 30 40 82
Operating Costs (49) (108) (133)
Exceptional Items (51) (66) (1,066)
Operating loss (70) (134) (1,117)
Finance Costs - 9 (4)
Finance Income 25 41
Loss on ordinary activities (45) (125) (1,080)
before taxation
Taxation on ordinary - - (11)
activities
Loss on ordinary activities (45) (125) (1,091)
after taxation
Retained loss for the period (45) (125) (1,091)
Basic and diluted earnings per (1.2)p (3.2)p (28.0)p
share
WYNDHAM YORK plc
Balance sheet
At 30th September 2008
At 30 At 30 At 31
September September March
2008 2007 2008
Notes �'000 �'000 �'000
(unaudited) (unaudited) (audited)
Current assets
Inventory 102 165 102
Trade and other receivables - 904 -
Deferred tax - 11 -
Cash and cash equivalents 927 1,068 1,071
Total assets 1,029 2,148 1,173
Equity and liabilities
Share capital 3 195 195 195
Share premium 4 2,704 2,704 2,704
Retained earnings 5 (1,917) (905) (1,872)
Total equity 982 1,994 1,027
Liabilities
Current liabilities
Trade and other payables 47 154 146
Total liabilities 47 154 146
Total equity and liabilities 1,029 2,148 1,173
WYNDHAM YORK plc
Cash flow statement
Six months ended 30 September 2008
6 Months ended 6 Months ended Year ended
30 September 30 September 31 March
2008 2007 2008
�'000 �'000 �'000
(unaudited) (unaudited) (audited)
Cash flow from operating
activities
Loss from operations (70) (134) (1,116)
Operating cash flow before (70) (134) (1,116)
movement in working capital
Decrease in inventory - - 62
Decrease in receivables - 1,381 2,285
Decrease in payables (99) (1,189) (419)
Cash flow from operating (169) 58 812
activities
Interest paid - 9 (4)
Net cash flow from operating (169) 67 808
activities
Cash flow from investing
activities
Interest Received 25 - 40
Net cash flow from investing 25 - 40
activities
Cash flow from financing
activities
Issue of Share Capital - 75 75
Share premium on issue of share - 926 926
capital
Net cash flow from financing - 1,001 1,001
activities
Movement in cash flow during the (144) 1,068 1,849
year
Opening cash and cash equivalents 1,071 - (778)
Closing cash and cash equivalents 927 1,068 1,071
Notes
1. Basis of preparation of unaudited interim information
The results for the 6 months ended 30 September 2008 have been prepared on the basis of the accounting policies set out in the financial
statements for the period ended 31 March 2008. The comparatives for the period ended 31 March 2008 have been extracted from the audited
financial statements for that period and restated to comply with International Financial Reporting Standards.
The audited financial statements for the period ended 31 March 2008 have been filed with the Registrar of Companies and include an
unqualified audit report. The financial information in this report does not constitute statutory accounts within the meaning of Section 240
of the Companies Act 1985.
2. Basic and diluted earnings per share
The calculation of basic and diluted earnings per share for the 6 months ended 30 September 2008 is based upon a loss of �45,000 and an
average number of ordinary 5p shares in issue for the six month period of 3,902,385.
3. Share capital
The allotted and called up share capital is:
30 September 30 September 31 March 31 March
2008 2008 2008 2008
No �'000 No �'000
Ordinary shares of �0.05 each 3,902,385 195 3,902,385 195
4. Share premium account
30 September 31 March
2008 2008
�'000 �000
Balance brought forward 2,704 1,779
Shares issued - 925
_______ ________
Balance carried forward 2,704 2,704
5. Statement of changes in Equity
Share Profit
Share premium and loss Total
capital account account equity
�000's �000's �000's �000's
At 1 April 2008 195 2,704 (1,872) 1,027
Loss for period - - (45) (45)
At 30 September 2008 195 2,704 (1,917) 982
6. Interim report
Copies of the interim report for the 6 months ended 30 September 2008 will be sent to shareholders on 12 December 2008. Further copies
will be available from the Company Secretary, 8 Canfield Place, London NW6 3BT.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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