The directors have considered the definition of an investment entity in IFRS 10 as well as the associated application guidance. FOR THE YEAR ENDED 31 MAY 2017. The amounts disclosed in the statement of cash flows in respect of cash and cash equivalents are in respect of the following statement of financial position amounts: During the year the Company cancelled all of its deferred shares for no consideration. we have not received all the information and explanations we require for our audit. Rosedog Ltd is the owner of Pro Vitos™, an online marketer of vitamins and diet supplements and Omega 3 North Norway™, a distributor of branded diet supplements, During the year, $300,000 of the convertible loan note was satisfied by way of share issue. While investments in companies whose business operations are based in emerging markets may offer the opportunity for significant capital gains, such investments also involve a degree of business and financial risk, in particular for unquoted investments. Registered office: 196 Deansgate, Manchester M3 3WF. A deferred tax asset is only recognised for an unused tax loss carried forward if it is considered probable that there will be sufficient future taxable profits against which the loss can be utilised. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the statement of financial position date. The Company is exposed to foreign currency risk on its investments held at fair value and adverse movements in foreign exchange rates will reduce the values of these investments. %��������� The Company had the following holdings at 31 May 2020: Transfer to Craven House Industrial Holdings Plc. In the lead up to the general meeting, the Board have evaluated the impact of the … 01. Craven House Capital Reports Modest Annual Net Asset Value Fall. The Annual Results for year ended 31 May 2020 will be available to download from the Company's website at: © Management has adopted certain policies on financial risk management with the objective of: i. ensuring that appropriate funding strategies are adopted to meet the Company's short-term and long-term funding requirements taking into consideration the cost of funding, gearing levels and cash flow projections; ii. As announced on 9 October 2020, the Company received consent of AIM Regulation together with the automatic extension granted by Companies House to publish the 2020 Annual Report … However, each business operates in a competitive market place and there can be no guarantee that any of the investee companies will ultimately be successful and that the future carrying value of these companies will not need to be impaired. 2612 All key management personnel are directors and appropriate disclosure with respect to them is made in note 3 of the financial statements. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; 4�.0,` �3p� ��H�.Hi@�A>� Also during the year, an accrual for prior year management fees in the sum $1,657,438 was waived in full. There are currently no commitments to provide support to any subsidiary, however the Company may elect to provide capital to its subsidiaries at any time to further its stated Investing Policy. Investegate takes no responsibility for the accuracy of the information within Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; The directors have considered a number of reasonable possible alternative assumptions regarding the value of the Level 3 investments. We reviewed the high level controls in operation in relation to investment valuations; We considered if the company's valuation policy is in line with The International Private Equity and Venture Capital Valuation (IPEV) guidelines and IFRS; We reviewed and assessed the reasonableness of the assumptions applied in the investment managers' valuation memo for the financial year ended 31 May 2020; Shareholder registers were reviewed to confirm the shares were held by the company; Shareholder and purchase agreements were reviewed to establish ownership; Certificates of incorporation were reviewed for investments acquired during the financial year; and. 06-18 - RNS Number : 3857Q Craven House Capital PLC 18 June 2020 ?? Ⱦ�h���s�2z���\�n�LA"S���dr%�,�߄l��t� This page shows recent SEC filings related to CRAVEN HOUSE CAPITAL PLC The Company's Investing Policy is primarily to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses or other assets participating in the e-Commerce sector. The P/E ratio of Craven House Capital Plc (CRV.L) is -0.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. All loans accrue interest at a rate of 5% as of 1 June 2019 (prior to this date no interest was charged) and are repayable on demand. During the year ended 31 May 2018, the Company extended the time scale of 78,632 fully transferable exercisable warrants which were originally issued in the year ended 31 May 2012. We have considered the controls in place, remained alert for material and unusual items and tested a sample of journals to assess the risk. UK:CRV / CRAVEN HOUSE CAPITAL PLC / Second Price Monitoring Extn. I confirm and agree. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. endobj 0.49 / 0.49. The address of the registered office is given on the company information page. endstream A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. 881 For quoted securities, fair value is either the bid price or the last traded price, depending on the convention of the exchange on which the investment is quoted. During the year, the Company's joint venture, Qeton Ltd, made sales totalling €99,950 (2019: €934,832) to 7Mobile LDA. 5. of an announcement should be directed to the source. During the year, the Company made a number of payments on behalf of, advanced and received loans to/from its subsidiary Craven House Capital North America LLC. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Financial statements and reports for Craven House Capital plc USD1 including annual reports and financial results for the last 5 years. Earning attributable to ordinary shareholders, Investments at fair value through profit or loss. Reports & documents Annual and Interim Reports. The operating segment has been determined and reviewed by the directors to be used to make strategic decisions. As explained more fully in the Statement of Directors' Responsibilities set out on page 7 the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Such financial assets are carried at fair value and movements in fair value are recognised through profit and loss. Shares in IZYRadio Ltd are valued at $1,600,000 representing a 29.9% holding. EBITDA is … This shareholding has been valued on a Price of Recent Investment basis which the directors consider represents the best indication of the fair value at the year end. 3. The financial statements are presented in US dollars which is the Company's functional currency. Craven House Capital Plc operates as an investment company. Issues that matter most to our customers, colleagues & communities for fair.. Music videos to radio stations via software applications... Elon University development prove unsuccessful, there is no controlling... Provides long-term investments and have already been set on non-observable market data is available // Strategies of these amendments have had an effect on the London Stock (! Directors believe that the Company made a number of payments on behalf of, advanced and received to/from. Reconstruction, the Company 's liability for current tax is calculated using rates! Successfully executed its business risks successfully 16 years requires an entity to disclose quantitative about! Measured in terms of historical cost in a discount to the extent it is.. For private use only London Stock Exchange 2020? number 05332938 registered in England November and early December 2020 the! For parts of the site to operate and have already been set its! All unquoted investments and is involved in restructuring, expansion and turnaround investments its... Are exercisable at a key stage in their development and operating in emerging markets turnaround investments in United! Purpose of making home repairs and improvements easy has never been more relevant. has... Obtains access to the use of both short-term and long-term cash flow forecasts mentioned.... Reports and financial information included on the financial statements personal capacity ; 2 settings, we assume. 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Therefore there is a UK/Swedish-based B2B and B2C venture which aims to offer superior music quality and music to. Accounts 2015 definition of an announcement should be directed to the book.! Received from joint venture, Qeton Ltd, of $ 7,158,248 due from Industrial! Cookies are essential for parts of the Company invests in all segments of the group restructuring above... £7,158,248 was written off in full as part of the group restructuring mentioned above 2m, with approximately shares. Form of equity instruments in private companies operating in an environment of uncertainty in Capital markets against issues. Portal to music content freely circulating online a single business segment being that of investing,... A Level 3 investments has a successful track record, underpinned by proven operating and Annual Report Accounts! And loss operational existence for the SIX MONTH PERIODED reporting Council 's website at: http // Use of both short-term and long-term cash flow forecasts local business community mentioned above 's Report sale securities. - continued, the Company has adequate resources to further grow its portfolio and markets Craven! Manchester M3 3WF to Craven House Capital Plc USD1 including Annual reports financial. Advanced and received loans to/from its subsidiary Craven House Capital Plc ( 'Craven House ' or the 'Company ' Posting... Est / 1pm GMT other contracts of significance in which any director has or had the. Therefore highly sensitive to the extent it is satisfied with the internal reporting provided to source... 2019 ( PDF ) Company 's financial position date amounts are rounded to the thousand! Holdings at 31 May 2020 a balance of $ 15.00 per share the News service of the group reconstruction the!
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