Hot Rocks Investments PLC

Earnings Release • Dec 31, 2024

National Storage Mechanism | Additional information

Hot Rocks Investments plc (HRIP)

Hot Rocks Investments plc: Interim Results

31-Dec-2024 / 10:54 GMT/BST

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							HOT ROCKS INVESTMENTS PLC
							("Hot Rocks" or the "Company")
UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2024
MANAGING DIRECTOR’S STATEMENT
I hereby present the interim results for the Company for the six months ended 30th September 2024.
The Company is an active investor in small companies that have the potential for significant growth.
The Company made a total comprehensive profit of GBP176,162 for the period. The Company will not be paying a dividend. Cash at bank at 30th September 2024 was GBP 341,960.
We hold equity and / or loan and / or warrant positions in the following entities:
D3 Energy
Elephant Oil Corp
Mafula Energy Limited
Electrum Discovery Corp
Minergy Limited
Mosi Copper Limited New Horizon Oil & Gas Limited
Orcadian Energy Plc Oscillate Plc Phoenix Digital Assets plc
Pilar Gold Inc
Rift Resources Limited
Royal Road Minerals Limited
Supernova Digital Assets plc Trigon Metals Inc Tucano Gold Inc Unicorn Mineral Resources plc WeShop Holdings Limited
Gavin Burnell
Managing Director
31 December 2024
HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2024
															6 Months					6 Months					Year to
															to 30.9.24					to 30.9.23					31.3.24
Continuing operations
Revenue															0					0					0
Operating expenses															(42,908)					(30,882)					(67,719)
Foreign exchange gain(loss) on available -for-sale financial assets															0					4,358					775
Other gain(loss) – sale of financial assets at fair value through profit & loss account															173,513					(15,061)					0
Fair value gains(losses) on financial assets															45,917					(218)					113,928
															_______             ______										______
Profit(loss) from operations before taxation															176,612					(41,367)					46,984
Corporation tax															0					0					0
															________           _____										______
Profit(loss) for period															176,162					(41,367)					46,984
Total comprehensive income(expenditure) for the period															176,162					(41,367)					46,984
Profit(loss) per share (pence)
Basic															0.10					(0.02)					(0.03)
Diluted															0.10					(0.02)					(0.02)
HOT ROCKS INVESTMENTS PLC
CONDENSED STATEMENT OF FINANCIAL POSITION
AS AT 30TH SEPTEMBER 2024												6 Months to 30.9.24						6 Months   to 30.9.23						Year                      to 31.3.24
Assets
Non-current assets
Financial assets at fair value through profit and loss												393,981						385,171						408,583
												_______           ______												______
												393,981						385,171						408,583
Current assets
Financial assets at fair value through profit and loss												272,536						293,333						416,240
Trade and other receivables												517						30,115						117
Cash and cash equivalents												341,960						18,415						5,386
												615,013						341,863						421,743
Total assets												1,008,994						727,034						830,326
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												(766,312)						(1,030,82						(942,476)
												_______						______						______
												697,521						433,006						521,357
Current liabilities
Trade and other payables												311,473						294,028						308,969
Total equity and liabilities												1,008,994						727,034						830,326
HOT ROCKS INVESTMENTS PLC
CONDENSED CASH FLOW STATEMENT
FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2024
												6 Months to 30.9.24						6 Months to 30.9.23						Year to 31.3.24
Cash flows from operating activities
Operating profit(loss)												176,162						(41,367)						46,801
Adjustments: Interest																								183
Fair value adjustment of financial assets through
profit and loss												(45,917)						(218)						(113,928)
(Profit)loss on disposal of financial assets through profit
and loss												(173,153)						15,061						(775)
Foreign exchange (gain) loss												-						(4,358)						-
Movements in working capital: (Increase)decrease in trade and other receivables												(399)						(29,508)						489
Increase in trade and other payables												2,505						16,302						31,244
													_______        _____									_____
Net cash used in operating activities												(40,802)						(44,088)						(35,986)
Cash flows from investing activities
Proceeds from disposal of financial assets through
profit and loss												377,376						125,650						191,486
Acquisition of financial assets through profit and loss												0						(85,075)						(172,042)
													______          _____									_______
Net cash used in investing activities												377,376						40,575						19,444
												______						______						______
Decrease in cash and cash equivalents												336,574						(3,513)						(16,542)
Cash and cash equivalents at the beginning of the
period												5,386						18,415						21,928
													______         ____									______
Cash and cash equivalents at the end of the period												341,960						21,928						5,386
HOT ROCKS INVESTMENTS PLC
ACCOUNTING POLICIES
FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2024
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 2024.
	Statutory accounts for the year ended 31 March 2024 were approved by the
	Board of Directors on 30 September 2024 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 2024
	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 2024.
	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 2024.
	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 – Vishal Balasingham: 020 3981 4174

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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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ISIN:	GB00B1WV3198
Category Code:	IR
TIDM:	HRIP
LEI Code:	213800JNSRPMZVREEO51
Sequence No.:	368007
EQS News ID:	2059879

End of Announcement	EQS News Service

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