ALPHA PROSPECTS PLC: Final Results

Alpha Prospects Plc                               
                      ("Alpha" or the "Company")                            


                                 Final Results                                 

CHAIRMAN'S STATEMENT

The Chairman presents his statement for the period.

I am pleased to present the financial results for Alpha Prospects Plc for the
12 month period ending 31 August 2012.

The total comprehensive loss for the 12 month period is £505,694 (2011 - £
472,637). Of this £215,747 (2011: £261,295), related to write downs in the
value of the Company's investment share portfolio and £125,000 (2011: 
£125,000)
related to write downs against loan receivables. Net assets during the year
increased by over £1 million following the issue of shares in consideration 
for
investments acquired.
 
In last year's statement the Board announced that it was going to continue to
look for investment opportunities and expected to announce further investments
in 2012. I am delighted to report that this was the case. During the year, the
Company made two significant investments, namely, Coleridge Resources Inc. in
the US ("Coleridge"), and RAM Active Media plc ("RAM") in the UK. Alpha also
acquired an investment in Alpha Prospects Australia Pty Ltd in Tasmania.

Coleridge is a company with coal rights in Kentucky scanning a large acreage.
Alpha acquired 25% of Coleridge for shares in Alpha in March of this year.

In June, Alpha acquired an 11% stake in RAM for a 5% stake in Alpha. RAM is a
digital media holding company quoted on AIM with a market cap of over £3
million.

Alpha has also identified a number of exciting opportunities in the energy and
resource sectors and the Board hopes that these opportunities will come to
fruition during 2013.

Following the Company's year-end, Alpha has agreed, subject to certain
conditions being satisfied, to subscribe for a 2 million shares in Tasmania Oil
and Gas Ltd, a new joint venture Company, for a consideration to be satisfied
by the issue of 33,333,333 shares in Alpha.

Finally, on behalf of the Board I would like to take this opportunity of
thanking the Company's professional advisers for their support and assistance
throughout the year.

Steven Freudmann
Chairman


INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2012
                                                2012            2011       
                                                                           
                                                £               £          


                                                                       
Continuing operations                                                       
                                                                       
Revenue                                         -               -           
                                                                       
Cost of sales                                   -               -           
                                                                       
Gross profit                                    -               -           
                                                                       
Administrative expenses                         (164,947)       (71,449)    
                                                                       
Administrative expenses - exceptional item      (125,000)       (125,000)   


                                                                           
                                                (289,947)       (196,449)  
                                                                           
                                                4)                         


                                                                       
Loss on disposal of assets                      -               (14,897)    
                                                                       
Operating Loss                                  (289,947)       (211,346)   
                                                                       
Finance income                                  -               4           
                                                                       
Finance costs                                   -               -           
                                                                       
Finance income - net                            -               4           
                                                                       
Loss before income tax                          (289,947)       (211,342)   
                                                                       
Income tax expense                              -               -           
                                                                       
Loss for the year from continuing operations    (289,947)       (211,342)   
                                                                       
Loss per share                                                              
                                                                       
Basic loss per share - continuing and total     (0.18)p         (0.17)p    
operations                                                                  
                                                                       
Diluted loss per share - continuing and         (0.18)p         (0.17)p    
total operations                                                            
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 August 2012 


                                                    2012            2011       
                                                                               
                                                    £               £         


                                                                             
Loss for the year                                   (289,947)       (211,342)   
                                                                           
Other comprehensive loss:                                                       
                                                                           
Changes in fair value of available for sale         (215,747)       (261,295)  
financial assets                                                                
                                                                           
Other comprehensive loss for the year, net of       (215,747)       (261,295)  
tax                                                                             
                                                                           
Total comprehensive loss for the year               (505,694)       (472,637)   


                                                                               

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2012
                                                   2012            2011       
                                                                              
                                                   £               £          


                                                                          
Assets                                                                         
                                                                          
Non-current assets                                                             
                                                                          
Property, plant & equipment                        -               694         
                                                                          
Available-for-sale financial assets                1,648,857       339,604     


                                                                              
                                                   1,648,857       340,298    


                                                                          
Current assets                                                                 
                                                                          
Trade and other receivables                        12,783          143,245     
                                                                          
Cash and cash equivalents                          9,068           6,580       


                                                                              
                                                   21,851          149,825    


                                                                          
Total assets                                       1,670,708       490,123     
                                                                          
Equity                                                                         
                                                                          
Capital and reserves attributable to equity                                   
holders of the company                                                         
                                                                          
Ordinary shares                                    1,038,911       673,800     
                                                                          
Share premium account                              2,134,397       974,509     
                                                                          
Shares to be issued reserve                        50,491          -           
                                                                          
Retained earnings                                  (1,708,804)     (1,203,110) 
                                                                          
Total equity                                       1,514,995       445,199     
                                                                          
Liabilities                                                                    
                                                                          
Current liabilities                                                            
                                                                          
Trade and other payables                           155,713         44,924      


                                                                              
                                                   155,713         44,924     


                                                                          
Total liabilities                                  155,713         44,924      
                                                                          
Total equity and liabilities                       1,670,708       490,123     


                                                                              


NOTES TO FINANCIAL STATEMENTS

Basis of preparation
These financial statements have been prepared in accordance with International
Financial Reporting Standards ("IFRS") as adopted by the European Union,
International Financial Reporting Interpretations Committee ("IFRIC")
interpretations and the Companies Act 2006 applicable to companies reporting
under IFRS. The functional and presentational currency for the financial
statements is sterling. The financial statements have been prepared under the
historical cost convention, as modified by the revaluation of available for
sale financial assets at fair value through profit or loss.

The preparation of financial statements in conformity with IFRS requires the
use of certain critical accounting estimates. It also requires management to
exercise its judgement in the process of applying the Company's accounting
policies. The areas involving a higher degree of judgement or complexity, or
areas where assumptions and estimates are significant to the financial
statements are disclosed in note 4.

First time adoption of IFRS

The financial statements have been prepared in accordance with IFRS as adopted
by the European Union for the first time for the year ended 31 August 2012.
Details of the effects of the adoption of IFRS are given in note 21 to these
financial statements.

The results, assets and liabilities of the Company for the year ended 31 August
2011 together with the opening position of the Company at 1 September 2010, the
date of transition to IFRS, have been restated in accordance with IFRS and
details of the restatements are given in note 21 to the financial statements.
The statutory financial statements for the year ended 31 August 2011 were
prepared under United Kingdom Generally Accepted Accounting Practice and
delivered to the Registrar of Companies.

Changes in accounting policy and disclosures

Standards in effect in 2011 adopted by the Company

The following standards, interpretations, and amendments to standards have been
adopted in the financial statements.

  * Revised IAS 24, `Related party disclosures',
      * Improvements to IFRS (issued May 2010),
      * Amendments to IFRS 7, `Financial instruments: Disclosures' on
    derecognition,
      * Amendment to IFRIC 14, `IAS 19 - The limit on a defined benefit asset,
    minimum funding requirements and their interaction'
    IFRS in issue but not applied in the current financial statements

The following IFRS and IFRIC Interpretations have been issued but have not been
applied by the Company in preparing these financial statements as they are not
as yet effective. The Company intends to adopt these Standards and
Interpretations when they become effective, rather than adopt them early.

  * Amendment to IAS 12, `Deferred tax: recovery of underlying assets',
      * Amendment to IAS 1, `Financial statement presentation' regarding other
    comprehensive income,
      * Amendment to IAS 32, `Offsetting financial assets and financial
    liabilities',
      * Amendment to IFRS 7, `Financial instruments: disclosures - offsetting
    financial assets and financial liabilities',
      * IFRS 9, `Financial instruments',
      * IFRS 10, `Consolidated financial statements',
      * IFRS 11, `Joint arrangements',
      * IFRS 12, `Disclosures of interests in other entities',
      * IFRS 13, `Fair value measurement',
      * IAS 19, `Employee benefits',
      * IAS 27 (revised 2011), `Separate financial statements'
      * IAS 28 (revised 2011), `Associates and joint ventures'


A number of IFRS and IFRIC interpretations are also currently in issue which
are not relevant for the Company's activities and which have not therefore been
adopted in preparing these financial statements. 
The Directors do not recommend the payment of a dividend for the year. 
This financial information has been extracted from the audited full accounts of
the Company for the year ended 31 August 2012. 
The Directors of the issuer accept responsibility for this announcement. 
                               --ENDS--                                     
Enquiries: 
ALPHA PROSPECTS PLC
Christopher Foster
+44 20 7518 4300 
Peterhouse Corporate Finance
Eran Zucker /Fungai Ndoro
+44 20 7469 0932 
END 
-0- Jan/08/2013 07:00 GMT
 
 
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