|        |           |        |  GBP'000 | 
|        |           |        |          | 
+--------+-----------+--------+----------+ 
|        |           |        |          | 
+--------+-----------+--------+----------+ 
|        | Loss      |        |    (161) | 
|        | for       |        |          | 
|        | the       |        |          | 
|        | financial |        |          | 
|        | period    |        |          | 
+--------+-----------+--------+----------+ 
|        |           |        |          | 
+--------+-----------+--------+----------+ 
 
+--------+---------------+ 
|        | 15.           | 
|        | Financial     | 
|        | instruments   | 
+--------+---------------+ 
|        | Capital       | 
|        | risk          | 
|        | management    | 
+--------+---------------+ 
|        | The           | 
|        | company       | 
|        | manages       | 
|        | its           | 
|        | capital       | 
|        | to            | 
|        | ensure        | 
|        | that it       | 
|        | will be       | 
|        | able to       | 
|        | continue      | 
|        | as going      | 
|        | concern.      | 
|        | The           | 
|        | capital       | 
|        | structure     | 
|        | of the        | 
|        | company       | 
|        | consists      | 
|        | of cash       | 
|        | and cash      | 
|        | equivalents   | 
|        | and equity    | 
|        | attributable  | 
|        | to            | 
|        | shareholders, | 
|        | comprising    | 
|        | issued        | 
|        | capital and   | 
|        | share premium | 
|        | as disclosed  | 
|        | in notes 12   | 
|        | to 13.        | 
|        | The Board     | 
|        | reviews and   | 
|        | agrees        | 
|        | policies on a | 
|        | regular basis | 
|        | for managing  | 
|        | the risks     | 
|        | associated    | 
|        | with its      | 
|        | assets and    | 
|        | its capital.  | 
|        | It is, and    | 
|        | has been      | 
|        | throughout    | 
|        | the period    | 
|        | under review, | 
|        | the company's | 
|        | policy that   | 
|        | no trading in | 
|        | financial     | 
|        | instruments   | 
|        | shall be      | 
|        | undertaken    | 
|        | and the       | 
|        | company does  | 
|        | not hold or   | 
|        | issue         | 
|        | derivative    | 
|        | financial     | 
|        | instruments   | 
|        | for           | 
|        | speculative   | 
|        | purposes.     | 
|        | The company   | 
|        | is not        | 
|        | subject to    | 
|        | externally    | 
|        | imposed       | 
|        | capital       | 
|        | requirements. | 
|        |               | 
+--------+---------------+ 
|        | Credit        | 
|        | risk          | 
+--------+---------------+ 
|        | The           | 
|        | company's     | 
|        | principal     | 
|        | financial     | 
|        | asset is      | 
|        | its bank      | 
|        | balance.      | 
|        | The           | 
|        | company's     | 
|        | credit        | 
|        | risk is       | 
|        | primarily     | 
|        | attributable  | 
|        | to its bank   | 
|        | balance.      | 
|        | Cash is       | 
|        | placed with   | 
|        | institutions  | 
|        | deemed to be  | 
|        | of low        | 
|        | credit risk.  | 
+--------+---------------+ 
 
 
+--------+-------------+ 
|        | 16.         | 
|        | Events      | 
|        | after       | 
|        | the         | 
|        | balance     | 
|        | sheet       | 
|        | date        | 
+--------+-------------+ 
|        | There       | 
|        | were        | 
|        | no          | 
|        | significant | 
|        | events      | 
|        | since the   | 
|        | balance     | 
|        | sheet date. | 
+--------+-------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IR SFLSMFFSSEEE 
 

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