ChallengerX Plc - Final Results for the Period Ended 30 June 2023
PR Newswire
LONDON, United Kingdom, December 21
ChallengerXplc("ChallengerX","CX"orthe"Company")
FinalResultsforthePeriodEnded30June2023
ChallengerX (AQUIS: CXS), the trading company with principal activity of employing both traditional and non- traditional marketing strategies to rapidly "professionalise" amateur and semi-professional sports clubs around the world announces its Audited Annual Report and financial statements for the year ended 30 June 2023 (the "AnnualReport").
An extract of the Company's audited report and accounts can be found below. A full copy of the Annual Report,
which should be read in full, will shortly be available from the Company's website
https://challengerx.io/investors/ and will be sent to all shareholders.
In accordance with Rule 4.3 of the AQSE Growth Market Access Rulebook, the Company will announce management statements within one month of the quarter end for each quarter until an audit report is published without modification. Accordingly, the Company will release the following quarterly reports:
- A report for the quarter ended 31 December 2023 by 31 January 2024
- A report for the quarter ending 31 March 2024 by 30 April 2024
- A report for the quarter ending 30 June 2024 by 31 July 2024
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
For further information, please contact:
Enquiries:
ChallengerXplc | |
John May, Chairman | jmay@city-westminster.com |
FirstSentinelCorporateFinance AQSE Corporate Adviser Brian Stockbridge / Gabrielle Cordeiro | +44 203 855 5551 |
StatementofComprehensiveIncomeFortheperiodended30June2023
|
| 2023 (£'000) | 2022 (£'000 |
|
| £'000 | £'000 |
Expenses
|
|
|
|
Administrative expenses |
| (392) | ( 279) |
Impairment of investment in subsidiary |
| - | ( 839) ) |
Impairment of loan |
| - | ( 118) |
Operatingloss |
|
(392) |
(1,236) |
(Loss)beforetax |
|
(392) |
(1,236) |
Taxation |
| - | - |
(Loss)forthefinancialyear |
|
(392) |
(1,236) |
Totalcomprehensiveloss |
|
(392) |
(1,236) |
(Loss)pershare(pence)fromcontinuingoperationsattributableto ownersofthecompany-basic&diluted |
|
(0.13) |
(0.47)
|
StatementofFinancialPositionAsat30June2023
|
| 2023 | 2022 (£'000 |
|
| £'000 | £'000 |
ASSETS |
|
|
|
Current assets |
|
|
|
Trade and other receivables |
| 15 | 7 |
Cash and cash equivalents |
| 48 | 385 |
Total current assets |
|
63 |
392 |
TOTAL ASSETS |
|
63 |
392 |
|
|
|
|
LIABILITES AND EQUITY |
|
|
|
Current liabilities |
|
|
|
Trade and other payables |
| 96 | 110 |
Total current liabilities |
| 96 | 110 |
Capital and reserves |
|
|
|
Share capital |
| 343 | 288 |
Share premium |
| 1,252 | 1,230 |
Retained earnings |
| (1,628) | (1,236) |
Total equity |
| (33) | 282 |
TOTAL LIABILITIES AND EQUITY |
|
63 |
392 |
The financial statements were approved by the Board of Directors on 20 December 2023 and signed on its behalf
John May
Director
StatementofChangesinEquityFortheperiodended30June2023
| Share capital £'000 | Share premium £'000 | Retained earnings £'000 | Total £'000 |
Balance as at 1 July 2022 | 288 | 1,230 | (1,236) | 282 |
(Loss) for the year | - | - | (392) | (392) |
Total comprehensive income | - |
|
|
|
Issue of shares (net of costs) | 55 | 22 | - | 77 |
Total transaction with owners | 55 | 22 | - | 77 |
As at 30 June 2023 | 343 | 1,252 | (1,628) | (33) |
| Share capital £'000 | Share premium £'000 | Retained earnings £'000 | Total £'000 |
(Loss) for the year | - | - | (1,236) | (1,236) |
Total comprehensive income | - | - | (1,236) | (1,236) |
Issue of shares (net of costs) | 288 | 1,230 | - | 1,518 |
Total transaction with owners | 288 | 1,230 | - | 1,518 |
As at 30 June 2022 | 288 | 1,230 | (1,236) | 282 |
StatementofCashFlows
Fortheperiodended30June 2023
| 2023 £'000 | 2022 £'000 |
Cash from operating activities |
|
|
(Loss) before tax | (392) | (1,236) |
Adjustments for: |
|
|
(Increase) in trade and other receivables | (8) | (7) |
(Decrease)/Increase in trade and other payables | (14) | 110 |
Net cash used in operating activities | (414) | (1,133) |
Cash flows from financing activities |
|
|
Proceeds from issue of shares Adjustment to share issue cost | 82 (5) | 1,518 - |
Net cash provided by financing activities | 77 | 1,518 |
Net cash flows for the year | (337) | 385 |
Cash and cash equivalents at beginning of year | 385 | - |
Cash and cash equivalents at end of year | 48 | 385 |
Net change in cash and cash equivalents | (337) | 385 |
Cash and cash equivalents comprise: Cash at bank and in hand |
48 |
385 |
