Hot Rocks Investments plc: UNAUDITED INTERIM... (AQUIS:HRIP)

Hot Rocks Investments plc (HRIP)
Hot Rocks Investments plc: UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023

28-Dec-2023 / 12:30 GMT/BST

HOT ROCKS INVESTMENTS PLC

("Hot Rocks" or the "Company")

UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023

CHAIRMAN'S STATEMENT

I hereby present the interim results for the Company for the six months ended 30th September 2023.

The Company is an active investor largely in junior natural resources companies.

The Company made a total comprehensive loss of GBP41,367 for the period. The Company will not

be paying a dividend.

Cash at bank at 30th September 2023 was GBP 18,415.

We now hold stakes in the following entities:

Aqru plc

D3 Energy

Elephant Oil Corp

Impact Oil & Gas Limited

Mafula Energy Limited

MedGold Resources Corp

Minergy Limited

Mosi Copper Limited

New Horizon Oil & Gas Limited

NFT Investments plc

Pilar Gold Inc

Rift Resources Limited

Roquefort Therapeutics Limited

Royal Road Minerals Limited

Trigon Metals Inc

Unicorn Mineral Resources plc

Brian Rowbotham

Non-Executive Chairman

28 December 2023


HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023
	6 Months	6 Months	Year to
	to 30.9.23	to 30.9.22	31.3.23
Continuing operations

Revenue	0	0	0

Operating expenses	(30,882)	(38,995)	(78,178)
Foreign exchange gain(loss) on available -for-sale financial assets	4,358		(30,108)
Other (loss) – sale of financial assets at fair value through profit & loss account	(15,061)	(35,108)	(62,462)

Fair value gains(losses) on financial assets	218	(241,795)	(197,063)
	_______ ______		______
Loss from operations before taxation	(41,367)	(315,898)	(367,811)

Corporation tax	0	0	0
	________ _____		______
Loss for period	(41,367)	(315,898)	(367,811)


Total comprehensive expenditure for the period	(41,367)	(315,898)	(367,811)


Loss per share (pence)

Basic	(0.02)	(0.18)	(0.21)

Diluted	(0.02)	(0.18)	(0.21)

HOT ROCKS INVESTMENTS PLC
CONDENSED STATEMENT OF FINANCIAL POSITION
AS AT 30TH SEPTEMBER 2023	6 Months to 30.9.23	6 Months to 30.9.22	Year to 31.3.23

Assets

Non-current assets

Financial assets at fair value through profit and loss	385,171	389,826	385,171
	_______ ______		______
	385,171	389,826	385,171

Current assets

Financial assets at fair value through profit and loss	293,333	331,098	344,393

Trade and other receivables	30,115	55,419	606
Cash and cash equivalents	18,415	10,583	21,928
	341,863	397,100	366,927

Total assets	727,034	786,926	752,098


Equity and liabilities

Equity

Called up share capital	173,602	173,602	173,602

Share premium account	1,174,631	1,174,631	1,174,631

Share based payment reserve	115,600	115,600	115,600

Retained loss	(1,030,827)	(937,548)	(989,460)
		______	______
	433,006	526,285	474,373

Current liabilities

Trade and other payables	294,028	260,641	277,725

Total equity and liabilities	727,034	786,926	752,098

HOT ROCKS INVESTMENTS PLC
CONDENSED CASH FLOW STATEMENT
FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023
	6 Months to 30.9.23	6 Months to 30.9.22	Year to 31.3.23
Cash flows from operating activities

Operating loss	(41,367)	(315,898)	(367,810)

Adjustments: Interest			158
Fair value adjustment of financial assets through
profit and loss	(218)	241,795	197,063

Loss on disposal of financial assets through profit
and loss	15,061	35,108	62,462
	(4,358)		30,108
Foreign exchange (gain) loss Movements in working capital: (Increase)decrease in trade and other receivables	(29,508)	-	39,601

Increase in trade and other payables	16,302	15,040	32,065
	_______ _____		_____
Net cash used in operating activities	(44,088)	(23,955)	(6,353)


Cash flows from investing activities

Proceeds from disposal of financial assets through
profit and loss	125,650	13,643	62,300

Acquisition of financial assets through profit and loss	(85,075)	0	(70,025)
	______ _____		_______
Net cash used in investing activities	40,575	13,643	(7,725)

	______	______	______
Decrease in cash and cash equivalents	(3,513)	(10,312)	(14,078)

Cash and cash equivalents at the beginning of the
period	21,928	76,314	36,006
	______ ____		______
Cash and cash equivalents at the end of the period	18,415	66,002	21,928

HOT ROCKS INVESTMENTS PLC

ACCOUNTING POLICIES

FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2023

Financial information

The financial information set out above does not constitute statutory accounts within the meaning of Section 434 Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS) as adopted by the European Union.

The accounting policies used in the preparation of this set of condensed interim financial statements are consistent with those set out in the Company's annual financial statements for the year ended 31 March 2023. Statutory accounts for the year ended 31 March 2023 were approved by the Board of Directors on 29 September 2023 and delivered to the Registrar of Companies. The report of the independent auditor on those accounts was unqualified.

The financial information for the six months ended 30 September 2023 has not been reviewed. As permitted, the Company has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing this interim financial information.

Risks and uncertainties

The Board continually assesses and monitors the key risks of the business. The key risks that could affect the Company's medium-term performance and the factors that mitigate those risks have not substantially changed from those discussed in the Financial Statements to 31 March 2023.

Critical accounting estimates

The preparation of the condensed interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to estimates are set out in the accounting policies of the Company's Financial Statements to 31 March 2023.

The Directors of the issuer are responsible for the content of this announcement.

For further information please contact:

Hot Rocks Investments plc - Gavin Burnell: 020 7264 4546

Optiva Securities Ltd – Daniel Ingram: 020 3981 4178

Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN:	GB00B1WV3198
Category Code:	IR
TIDM:	HRIP
LEI Code:	213800JNSRPMZVREEO51
Sequence No.:	294468
EQS News ID:	1805153


End of Announcement	EQS News Service