56IF Lloyds Bk. 43

RNS Number:3272A
Broadstoner Hldgs PLC
23 August 2002


                           BROADSTONER HOLDINGS PLC
   (The entire Ordinary Share Capital of the Company is held by Sears Limited)

                                INTERIM REPORT
        Profit and Loss Account for the six months ended 31 July 2002

                                                               2002        2001
                                                                #m          #m

Net Operating Income                                              -           -


PROFIT BEFORE TAXATION                                            -           -
Taxation                                                          -           -

PROFIT AFTER TAXATION                                             -           -

Dividends on preference shares                                 (0.1)       (0.1)

Attributable to equity shareholders                            (0.1)       (0.1)

Dividends on ordinary shares                                      -           -

DEDUCTED FROM RESERVES                                         (0.1)       (0.1)


                        Balance Sheet as at 31 July 2002

                                                               2002        2001
                                                                #m          #m

CURRENT ASSETS    
  Debtors                                                      41.0        41.1
                                                                        
TOTAL ASSETS                                                   41.0        41.1

CAPITAL AND RESERVES
  Called up Share Capital (including non equity interests)     30.6        30.6
  Share Premium                                                 2.4         2.4
  Profit and Loss account                                       8.0         8.1

SHAREHOLDERS' FUNDS (including non equity interests)           41.0        41.1


NOTES

1.  The Interim Report has been drawn up under the same accounting policies as 
    those used for the Annual Report and Accounts for 2001/02. The report does 
    not constitute statutory accounts and the figures are unaudited.

2.  The company has taken advantage of the exemption provided in FRS1 and has 
    not produced a Cashflow Statement. The company is a wholly owned subsidiary 
    of Sears Limited which in turn is a wholly owned subsidiary of January 
    Investments Limited whose financial statements include a consolidated 
    Cashflow Statement dealing with the cash flows of the group.

3.  A copy of this Interim Report will be posted to shareholders and copies will 
    be available from the secretary Broadstoner Holdings plc, Fourth Floor, 
    Euston House, 132 Hampstead Road, London NW1 2PS.



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