Business
Annual Financial Report
Annual Financial Report.
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n \nRNS Number : 8169W Sealand Capital Galaxy Limited 29 April 2016 \n\n29 April 2016 \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n \nFOR IMMEDIATE RELEASE - 29 April 2016\n \nSealand Capital Galaxy Limited\n \nAnnouncement of Results\n \nPeriod from incorporation to 31 December 2015\n \nSealand Capital Galaxy Limited (\"Sealand\" or the \"Company\") is pleased to announce its preliminary results for the period from incorporation on 22 May 2015 to 31 December 2015.\nEnquiries:\nSealand Capital Galaxy Limited: Nelson Law (chairman), Tel: +1 345 949 4544 \nFinancial Review\nResults for the Period from 22 May 2015 to 31 December 2015 show a loss before tax of £46,553.\nThe Company had cash in the bank and in hand of £733,187 at 31 December 2015. The board does not consider it appropriate to declare a dividend. \nSealand is a cash shell, looking to reverse in another company with a suitable business in the social media sector.\nOn 24 March 2016 it was announced to the market that the Company has signed a Memorandum of Understanding with Securecom Media Holdings Ltd (\"Securecom\") to acquire all Securecom's issued share capital. Securecom has obtained the global exclusive operating rights to the mobile application \"Metalk\" (www.immetalk.com), developed by Logicquest Technology Inc.\nNelson Law\n \nChairman\n29 April 2016\n \nStatement of comprehensive income for the period from 22 May 2015 to 31 December 2015\n\n\n\n\n \n\n\nNotes\n\n\n \n\n\n£\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOTHER INCOME\n\n\n \n\n\n \n\n\n13\n\n\n\n\n \n\n\n \n\n\n \n\n\n13\n\n\n\n\nOther operating expenses\n\n\n4\n\n\n \n\n\n(46,566)\n\n\n\n\nOPERATING LOSS BEFORE TAXATION\n\n\n \n\n\n \n\n\n(46,553)\n\n\n\n\nIncome tax expense\n\n\n \n\n\n \n\n\n-\n\n\n\n\nLOSS FOR THE PERIOD ATTRIBUTABLE TO\nEQUITY HOLDERS OF THE COMPANY\n\n\n \n\n\n \n\n\n(46,553)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOTHER COMPREHENSIVE INCOME\n\n\n \n\n\n \n\n\n \n\n\n\n\nOther comprehensive income\n\n\n \n\n\n \n\n\n-\n...