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DGAP-News: East Assets plc.: Financial Statemantes 2013

August 4, 2014

DGAP-News: East Assets plc. / Key word(s): Final Results East Assets plc.: Financial Statemantes 2013 04.08.2014 / 10:47 --------------------------------------------------------------------- EAST ASSETS PLC: ANNUAL FINANCIAL REPORT 2013 Financial Statements for the year ended 31 October 2013London, 4st August 2014, EAST ASSETS PLC ("EAST" or the "Company") would like to announce the publication of the Strategic report, report of the directors and the audited financial statements for the period from 7th November 2012 to 31st October 2013. Fully audited results and the Company's audited annual financial statements for year ended 31st October 2013 (collectively, the "2013 Annual Financial Statements") are with immediate effect published to the market. PROFIT AND LOSS ACCOUNT FOR THE PERIOD 7 NOVEMBER 2012 TO 31 OCTOBER 2013 Notes Turnover - Administrative expenses 113,723 Operating loss and Loss on ordinary activities before taxation 3 (113,723 ) Tax on loss on ordinary activities 4 - Loss for the financial period (113,723 ) Continuing operations None of the company's activities were acquired or discontinued during the current period. Total recognised gains and losses The company has no recognised gains or losses other than the loss for the current period. BALANCE SHEET 31 OCTOBER 2013 Current assets Notes Prepayments and accrued income 3,207 Creditors Amounts falling due within one year 5 10,080 Net current liabilities (6,873) Total assets less current liabilities (6,873) Capital and reserves Called up share capital 6 106,850 Profit and loss account 7 (113,723 ) Shareholders' funds 11 (6,873) CASH FLOW STATEMENT FOR THE PERIOD 7 NOVEMBER 2012 TO 31 OCTOBER 2013 Net cash outflow Notes from operating activities 1 (106,850 ) (106,850 ) Financing 2 106,850 Increase in cash in the period - Reconciliation of net cash flow to movement in net debt 3 Increase in cash in the period - Change in net debt resulting from cash flows - Movement in net debt in the period - Net debt at 7 November - Net debt at 31 October - NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 7 NOVEMBER 2012 TO 31 OCTOBER 2013 1. Reconciliation of operating loss to net cash outflow from operating activities Operating loss (113,723 ) Increase in debtors (3,207) Increase in creditors 10,080 Net cash outflow from operating activities (106,850 ) 2. Analysis of cash flows for headings netted in the cash flow statement Financing Share issue 106,850 Net cash inflow from financing 106,850 3. Analysis of changes in net debt Net cash: At At 7.11.12 Cash flow 31.10.13 Cash at bank and in hand - - - NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 7 NOVEMBER 2012 TO 31 OCTOBER 2013 1. Reconciliation of operating loss to net cash outflow from operating activities Operating loss (113,723 ) Increase in debtors (3,207) Increase in creditors 10,080 Net cash outflow from operating activities (106,850 ) 2. Analysis of cash flows for headings netted in the cash flow statement Financing Share issue 106,850 Net cash inflow from financing 106,850 3. Analysis of changes in net debt Net cash: At At 7.11.12 Cash flow 31.10.13 Cash at bank and in hand - - - NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 7 NOVEMBER 2012 TO 31 OCTOBER 2013 1. Accounting policies Accounting convention The financial statements have been prepared under the historical cost convention and are in accordance with applicable accounting standards. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. 2. Staff costs There were no staff costs for the period ended 31 October 2013. 3. Operating loss The operating loss is stated after charging: Auditors' remuneration 3,600 Directors' remuneration - 4. Taxation Analysis of the tax charge No liability to UK corporation tax arose on ordinary activities for the period. 5. Creditors: amounts falling due within one year Trade creditors 6,480 Accrued expenses 3,600 10,080 6. Called up share capital Allotted, issued and fully paid: Number: Class: Nominal value: 106,850,000 Ordinary .001 106,850 106,850,000 Ordinary shares of .001 each were allotted and fully paid for cash at par during the period. 7. Reserves Profit and loss account Deficit for the period (113,723 ) At 31 October 2013 (113,723 ) The consolidated loss for the year after taxation transferred against reserves amounted to GBP 113'723. The Directors of the company accept responsibility for this announcement. To find out more about EAST ASSETS PLC, please visit our website at www.eastassetsplc.com Contact: EAST ASSETS PLCinfo@eastassetsplc.com Disclaimer: This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of EAST ASSETS PLC in conjunction with the existing listing of its shares in the GXG Markets First Quote (GXGF) on the GXG Markets. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within Canada, Australia or Japan. --------------------------------------------------------------------- 04.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: East Assets plc. 42 Welbeck Street W1G 8DU London United Kingdom Phone: +44 (0)207 607 2060 E-mail: info@eastassetsplc.com Internet: www.eastassetsplc.com ISIN: GB00B8QYPJ51 Listed: Foreign Exchange(s) GXG End of News DGAP News-Service --------------------------------------------------------------------- 280578 04.08.2014


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