Interim / Quarterly Report • Sep 29, 2025
Interim / Quarterly Report
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UNAUDITED INTERIM FINANCIAL STATEMENTS Period from 1 January 2025 to 30 June 2025
| CONTENTS | PAGE |
|---|---|
| Statement of profit or loss and other comprehensive income | 1 |
| Statement of financial position | 2 |
| Statement of changes in equity | 3 |
| Notes to the interim financial statements | 4 - 5 |
| 01/01/2025- 30/06/2025 |
01/01/2024- 30/06/2024 |
||
|---|---|---|---|
| Note | € | € | |
| Administration expenses | 2 | (12.340) | (7.142) |
| Net loss for the period/year | (12.340) | (7.142) | |
| Other comprehensive income | - | - | |
| Total comprehensive income for the period/year | (12.340) | (7.142) |
The notes on pages 4 to 5 form an integral part of these interim financial statements.
| ASSETS | Note | 30/06/2025 e |
2024 ਵ |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| Equity Share capital Share premium Other reserves Accumulated losses |
4 | 1.267.808 1.069.828 140.320 (2.684.390) (206.434) |
1.267.808 1.069.828 140.320 (2.672.050) (194.094) |
| Advances from shareholders | 5 | 163.181 | 163.181 |
| Total equity | (43.253) | (30.913) | |
| Current liabilities Trade and other payables |
6 | 43.253 43.253 |
30.913 30.913 |
| Total equity and liabilities |
| S ha i l S ta re ca p € |
ha ium re p rem € |
dv fro A an ce s m ha ho l de s re rs € |
la Tr t ion an s res erv e € |
la d Ac te cu mu los se s € |
To l ta € |
|
|---|---|---|---|---|---|---|
| lan Ba t 1 Ja 2 0 2 4 ce a nu ar y Ne los for he t t s y ea r |
1. 2 6 7. 8 0 8 - |
1. 0 6 9. 8 2 8 - |
1 6 3. 1 8 1 - |
1 4 0. 3 2 0 - |
( ) 2. 6 6 0. 4 8 3 ( 7. 1 4 2 ) |
( ) 1 9. 3 4 6 ( 7. 1 4 2 ) |
| lan be Ba t 3 1 De 2 0 2 4 ce a ce m r |
8 8 1. 2 6 7. 0 |
8 8 1. 0 6 9. 2 |
8 1 6 3. 1 1 |
1 4 0. 3 2 0 |
( ) 2. 6 6 7. 6 2 5 |
( 8 8 ) 2 6. 4 |
| lan 2 0 2 Ba t 1 Ja 5 ce a nu ar y los for he d Ne t t io s p er |
2 6 8 0 8 1. 7. - |
0 6 9. 8 2 8 1. - |
6 3. 8 1 1 1 - |
0. 3 2 0 1 4 - |
( 2. 6 2. 0 0 ) 7 5 ( ) 1 2. 3 4 0 |
( 3 0. 9 3 ) 1 ( ) 1 2. 3 4 0 |
| Ba lan 3 0 Ju 2 0 2 5 t ce a ne |
1. 2 6 7. 8 0 8 |
1. 0 6 9. 8 2 8 |
1 6 3. 1 8 1 |
1 4 0. 3 2 0 |
( ) 2. 6 8 4. 3 9 0 |
( ) 4 3. 2 5 3 |
The notes on pages 4 to 5 form an integral part of these interim financial statements.
Period from 1 January 2025 to 30 June 2025
| 01/01/2025- | 01/01/2024- | |
|---|---|---|
| 30/06/2025 | 30/06/2024 | |
| € | € | |
| Staff costs | 2.500 | - |
| Accounting fees | 3.380 | 500 |
| Other professional fees | 3.204 | 3.142 |
| Sundry expenses | 3.256 | 3.500 |
| 12.340 | 7.142 |
| 01/01/2025- 30/06/2025 |
01/01/2024- 30/06/2024 |
|
|---|---|---|
| € | € | |
| Salaries | 2.500 | - |
| 2.500 | - | |
| Average number of employees (including Directors in their executive capacity) | 2 | 2 |
| 2025 Number of shares |
2025 € |
2024 Number of shares |
2024 € |
|
|---|---|---|---|---|
| Authorised Ordinary shares of €0,01 each |
211.950.000 | 2.119.500 | 211.950.000 | 2.119.500 |
| Issued and fully paid Balance at 1 January |
126.780.762 | 1.267.808 | 126.780.762 | 1.267.808 |
| Balance at 30 June/31 December | 126.780.762 | 1.267.808 | 126.780.762 | 1.267.808 |
| 30/06/2025 | 30/06/2024 | |
|---|---|---|
| € | € | |
| Balance at 1 January | 163.181 | 163.181 |
| Balance at 30 June | 163.181 | 163.181 |
| 6. Trade and other payables | ||
| 30/06/2025 | 30/06/2024 | |
| € | € |
Accruals 43.253 30.913
43.253 30.913
The percentage of share capital of the Company held directly or indirectly by each member of the Board of Directors as at 31 December 2024 and 30 June 2025 were as follows:
| 30/06/2025 | 31/12/2024 % |
|
|---|---|---|
| % | ||
| Antonakis Antoniou | 21,74 | 21,74 |
| Andreas Leonidou | 22,59 | 22,59 |
(1) The shareholding interest of Mr. Antonakis Antoniou includes the participation of the company A.L. Pro Choice Secretarial Services Ltd with a percentage of 21,41%, of which he is a shareholder.
(2) The shareholding interest of Mr. Andreas Leonidou includes his direct participation with a percentage of 0,33%, the indirect participation of 1,18% through his daughter Ms. Theodora Leonidouand the participation of the company A.L. Pro Choice Secretarial Services Ltd with a percentage of 21,41%, of which he is a shareholder.
The persons holding more than 5% of the share capital as at 31 December 2024 and 30 June 2025 were as follows:
| 30/06/2025 | 31/12/2024 % |
|
|---|---|---|
| % | ||
| Stavros Stavrou | 25,31 | 25,31 |
| Halman R.M. Investments Ltd | 11,36 | 11,36 |
| A.L. Pro Choice Secretarial Services Ltd | 21,41 | 21,41 |
At the end of the year, no significant agreements existed between the Company and its Management.
There were no material events after the reporting period, which have a bearing on the understanding of the interim financial statements.
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