Iv'e read many times that it's good to invest in shares which trade in areas that you have an interest. Well personally they dont come much better than this for me as I make a good second income from betting on football.

Having tracked UBT for a very long time I'm glad to say that I avoided that one as it just didn't seem to cut the mustard as they say. I could of course be proved wrong in time but I doubt it.

I really like this one and am currently building my stake in them as funds allow. It's another one I feel that is for the long term but I'm happy to invest this way.

Apologies I can't do the fancy graphs etc, but below gives a brief overview of the company.


Bookies' flotation proves a success

Mar 1 2007


By James Barton, The Journal


Bookmaker Neville Porter successfully floated on the stock exchange yesterday and unveiled ambitious plans to boost sales to 10m by the end of the year.

County Durham-based Neville Porter raised 865,000 by issuing 24.7% of its share capital yesterday and became the North-East's latest plc to float on the Alternative Investment Market. It has 39 pitches at 24 horse racing tracks across the UK and currently has 4m sales. But it is planning to use the extra cash to achieve its growth targets through launching an internet betting site, opening a call centre for telephone betting services and purchasing more on track betting pitches in Ireland.

Its owners, managing director Neville Porter and executive director Brian Morton, have already invested 1.2m in the business and retain a 64% stake in the Chester-le-Street firm.

David Soley, who with Mr Morton bought Hartlepool brewery Camerons in 2002, is non-executive chairman of the business and bought 100,000 of the shares a week before the float.

They intend to reinvest all the proceeds of the float into the business, have already opened the call centre at their headquarters and the internet site, which is currently under construction, is due to go live on or around March 18.


Mr Morton said: "We have bought two new pitches in Leopardstown and Galway [in Ireland] for about 400,000, invested 50,000 installing a new computer system for the call centre and recruited four dedicated staff who will take bets over the phone for sports including football, rugby, cricket as well as horse racing," he said.

Brisk trading saw the company's shares rise from the original 2p per share value to 2.6p by the end of trading yesterday. Mr Morton said: "It has taken us over 12 months to bring the business to market and after all the laborious due diligence we have had to go through we are delighted the shares were over subscribed. Especially as this went against the overall market trend yesterday which was slightly down on the start of the day." With the new call centre the bookies now employs 10 people and is looking to continue growing, particularly via the website.

Mr Porter, who founded the business in 1980, said: "We want to continue expanding through the call centre operation but having said that we really feel the main growth will come from the internet betting and we want to establish ourselves as a major player."

Northern Echo 13th April

Bookmaker looks odds-on to 'revolutionise' betting
BOOKMAKER Neville Porter is set to "revolutionise" the scale of the business after introducing technology that will allow it to run multiple pitches at some of the UK's leading racecourses.

The County Durham company is leading the field in using the software system, developed in Ireland, which allows it to operate several betting outlets at the same site, all of which are controlled by a central computer.

Managing director Neville Porter, who set up the Chester-le-Street firm in 1980, said the move could see turnover at its racecourse outlets rise by at least 66 per cent, and that the business was set to significantly outperform its 4m turnover target.

The system is already being used at Newcastle Racecourse, and was used at the recent Cheltenham meeting, which was Neville Porter's best year at the even. The company is now planning to install it at major courses including Newmarket and Haydock.

The AIM-listed business already operates 41 pitches at 26 UK sites - including two recently set up at Irish racecourses Leopardstown and Galway - a figure which could increase significantly.

Mr Porter said: "This is really revolutionary technology which allows us to have more than one pitch at a race course, and we are leading the field by using it.

"By adding a second stand, you may not do the same level of business as with the first, but it should see takings on the day increase by about 66 per cent. Really, this could revolutionise the business.

"At a meeting in Newcastle on March 31, we had three pitches in different areas, but all bets were going through one computer. From one computer, I can keep control of the odds and see the liability of the business.

"We are now looking to install it in every one of our courses, and are planning to start with Newmarket and Haydock, and then look at more from there."

Neville Porter, which launched its multi-sport internet betting site www.npbet.co.uk and its call centre earlier this week, has predicted that part of the business will generate 7m of income in its first year of operation.

It has been further boosted by deals with two leading odds comparison sites - www.easy odds.com and www.bestbet ting.com - which will display Neville Porter's odds alongside major bookmakers such as Ladbrokes, William Hill and Coral.

"That side of the business has only just started to get up and running, but we have been placed alongside the cream of the bookmakers by doing deals with those two sites, which could have a very significant impact on turnover," he said.

I'm also having trouble buying this one HARRYCAT. Managed to buy a small amount with my Halifax ShareBuilder account but when I tried to buy a lump sum through the Halifax, I couldn't.

I rang them and was told by a girl on the phone that she couldn't see why there was a problem but would need to ask someone.

After about ten mins waiting for her to get back whilst listening to the awful music they pipe down the phone, I gave up and hung up.

I'm going to ring them again as I really like this one.

On a positive note, I've just checked easyodds and the odds they have offered for a Reading win tonight are very attractive, which is a positive sign.

Agree as well the web site will be the main money earner if they get it right.

Have just managed to buy through Barclays with no problem.

Trading statement.

Nothing exciting but as I'm prepared to take a long term view on these I will look to top up on any drop in the share price.


Neville Porter plc (the "Company")

Trading Update - Internet and Telephone Betting Services

The board of Neville Porter plc is today providing an update on the performance
of its telephone and internet sports betting services which became fully
operational on 9 April 2007.

In line with the strategy announced at the time of its flotation on AIM in
February, the Company has broadened its areas of operations from on-course
betting to telephone and internet sports betting. Both operations are being run
from its head office in Birtley, County Durham, where new customer demand has
been so high that the Company is in negotiations to expand into an adjoining
unit. Since launching the website (www.npbet.co.uk), the Company has been
successful in attracting new customers and currently has a total of 672
registered accounts. This equates to approximately 67 new registrations per
week.

The Company has been able to attract new customers through offering competitive
odds rather than free bets or significant spending on advertising. As a result
of this strategy, the total transaction volume has exceeded market expectations,
with approximately 2 million worth of bets being taken through its off-course
(telephone and internet) operations during May.

This strategy has effectively been `a loss leader' in order to quickly attract a
sufficient size of customer base from which a sustainable level of income will
result in the long term. As a result the Company is currently trading at a
modest loss and is unlikely to make the anticipated level of profits for the
seven month period ending 30 June 2007. Since the beginning of June, the
Company has taken a number of actions in order to improve gross win margins and
hence profitability which are starting to bear fruit.

Although it is still early to judge the full effect of management actions and
the nature of the industry is where punters have good and bad weeks, the board
believes that this strategy will ultimately be proven successful and the long
term prospects of the Company will prove stronger and more profitable.

18 June 2007.

Contact details:

Neville Porter plc
Neville Porter
Managing Director 08000 223388

SVS Securities plc
Richard Morrison
Ian Callaway
Peter Manfield 020 7638 5600

ARM Corporate Finance Ltd
Nick Harriss 020 7512 0191

Bought in today at just under 2.60.

That is really poor, my trade went through nearly an hour ago and no mention on the two sites I use.
Perhaps I have more to learn.

Hi Trigger - Read into this one and like the look of the gamble but the spread of 27% currently puts me off. Good luck

Hi Oakapples142 - Have to agree it is going to put people off.

From my own point of view I would be quite happy for nothing exciting to happen with this one for the next six months which should give me time to raise funds for a couple of more trades to be fully invested at around the price they are now.

Further trading will depend on newsflow.

Time will tell.

Bear with me as I'm still learning but as I type the price has gone up 0.12 which goes with my thinking there wont be any nasty suprises unless they get it totally wrong.

Would welcome any input from more experienced investors than myself.

Neville Porter Bookmakers announced that its annual turnover would be substantially above the original 14 million target this year, adding that all three branches of the business were exceeding expectations. Founder Neville Porter said that predictions for the firm's online betting site, as well as its call centre and online pitches, had gone 'out of the window', citing several months of successful trading.

"Everything is going fantastically well at the minute," Porter remarked. "The business has really moved onto another level."

He pointed to the call centre business, based in Chester-le-Street, which generated 2 million in May alone, after predicting a 7 million turnover for the year. The firm which joined the Alternative Investment Market (AIM) in

March has also increased its number of on-site betting pitches in recent months and will also generate significantly more revenue than the 6 million it had predicted according to Porter.

"We are on course for this to be a massive year for us," he said. "We are concentrating heavily on the internet and call centre side of the business, both of which are going tremendously well.

"Recently, with becoming an AIM-listed company, our brand has gone onto a different level. The amount of business we are doing is beyond any expectations we had."

Just had a quick look on the site this morning and I'm very pleased to see they have added an affiliate link.

That is one of my concerns out of the way. The main thing I would like to see them improve on is their football betting offers.

There is a massive amount of money wagered on football every week, myself being part of it, and I want them to get involved as soon as possible.

Still looking good though and realise it takes to implement all these things.

Trading Statement

Neville Porter plc (the "Company")


Galway Summer Festival


The board of Neville Porter plc is today announcing that it attended the Galway Summer Festival for the first time in the Company's history. The Galway pitch was acquired, using some of the proceeds of the placing in conjunction with the Company's admission to AIM, for 240,000 in March 2007.

The Galway summer festival is one of the major events in the Irish horseracing calendar and ran from Monday, 30 July to Sunday, 5 August. During the seven days' racing, the amount staked on-course with the Company was Euro550,381 and the gross win was Euro112,279 (pre-operating expenses) representing a gross win margin of 20.4 per cent. which is a higher than average gross margin win.

The presence of Neville Porter plc on-course at Galway is key to the Company's strategy of gaining wider acceptance and recognition within the Irish market and strengthening the Neville Porter brand name as a leading, long established independent bookkeeper.

Neville Porter plc will next be attending the Autumn Festival races at Galway and Leopardstown in early September, although in the meantime the Company will be attending races at York (Ebor Meeting - 21-23 August), Newcastle and Haydock amongst others.

David Soley, Chairman, said "I am delighted with the success that we enjoyed at Galway. Our on-course presence at key festivals puts us in direct contact with the betting public and is a cheap way of marketing all our sports betting services directly to the punter."

Contact details:

Neville Porter plc David Soley
Chairman 07970 266 666


SVS Securities plc Richard Morrison Ian Callaway
Peter Manfield 020 7638 5600


ARM Corporate Finance Ltd
Nick Harriss 020 7512 0191

Share price took a battering yesterday down 0.50 to 1.5p. A large sell went through early in the day 400,556 but I've been unable to find any other reason for the fall in price.

I'm currently down 47.4% on my investment and that's going to take some getting back.

Very late posting the results but at least we can now see why the share price has bombed.
I'm going to hold as I'm not brave enough to average down until things are a little more certain.
With the vast amount of competition out there I would not reccommend buying into this one unless you are very brave or more experienced at investing than myself.
I did actually email the company before the results came out expressing my concerns re the share price and they didn't reply.
It's not looking good at the moment.


Neville Porter plc

("Neville Porter", the "Company" or the "Group")

Final Results

Neville Porter plc, (AIM: NEV), the quoted on-course and off-course bookmaker, announces today its first preliminary
results as an AIM quoted company for the period ended 30 June 2007.

Highlights

Revenues of 6,672,805 for the seven-month period to 30 June 2007
Revenues of 3,569,678 from call-centre operations (opened in April 2007)
Acquired prime pitches at Leopardstown and Galway expanding on-course operations into Ireland
Acquired prime pitches at Cheltenham and Kelso in the UK
Proposed changes to the current pitch system from 2012, leads to prudent write-down of 552,040 for impairment of
assets
Loss of 360,714 before write down for the impairment of assets for seven-month period to 30 June 2007, new call
centre operations expanded rapidly but contribute 265,173 to the loss
Report and Accounts to be sent to shareholders on 31 December 2007 and available on website, www.nevilleporter.plc.uk,
from then


The Company expects to send its Annual Report and Accounts to shareholders on 31 December 2007, and they will be posted
on its website www.nevilleporter.plc.uk on that date.

Contact details:

Neville Porter plc
David Soley
Chairman 08000 223388

SVS Securities plc
Richard Morrison
Peter Manfield 020 7638 5600

Blomfield Corporate Finance Ltd
Nick Harriss 020 7512 0191


Chairman's statement

These are interesting times for the Company, and I am pleased to welcome you to our first report and accounts as an
AIM-quoted public company. The period to 30 June represents just four months post-flotation and seven months from the
formation of the group.

Comprising the combined businesses of the Neville Porter On-Course Betting partnership - which traces its roots back 28
years to the beginning of Neville's career in bookmaking - and the off-course betting operation and racecourse pitches
of DN Porter Racing Limited and Neville Porter Racing Limited, the Group is proudly continuing the tradition of
operations in prime locations at leading horse racing courses in the UK (recently extended to Ireland) combined with our
new telephone and internet betting operations.

On 28 February 2007, the Company's shares were successfully admitted to trading on the AIM Market of the London Stock
Exchange, raising 865,000 before expenses, of which 400,000 was earmarked for the acquisition of two pitches in
Ireland, the purchase of which was subsequently concluded successfully.

Financial Results
In its first period of trading, the Group made an operating loss of 912,754 on turnover of 6,672,805, the result being
mostly attributable to the board adopting a prudent view of the value placed on our UK pitches, and the development of
the new call-centre business with a partial impact of adverse trading conditions.

The Directors are not recommending the payment of a dividend.

Trading Review
Our focus since flotation has been to expand on-course operations and to develop our off-course betting operations and
thus grow from an inherited business that had a presence at 179 race meetings in the year to June 2006 to a business
that accepts bets on all UK horse racing fixtures as well as other popular sports such as football, cricket and
greyhound racing.

Since the flotation, the Group has acquired pitches at Leopardstown, Galway, Cheltenham and Kelso, enabling us to widen
the representation to 43 racecourse pitches, and we were present at 80 race meetings in the seven months to 30 June
2007. The Group disposed of non-core pitches at Carlisle National Hunt and Wetherby to concentrate on the more popular
venues. In line with recent legislative developments, we are writing down our UK pitches by 60% at June 2007 with a
further 10% in each of the following four years.

The new call-centre at Birtley, County Durham, for which the flotation was in part to raise the capital to set up, has
in terms of number of bets and stakes placed been well in excess of projections, all at competitive odds. The typical
number of bets per week - telephone and internet combined - is around 2,000, with an average bet size of 50, and though
horseracing dominates, bets are being received across a broad spectrum of sports. Substantial sums have been expended on
the call-centre since the year end, doubling its size to enable further development to take place. We have also engaged
a specialist marketing company to attract off-course bets, but due to continued losses at our off-course operations we
are considering all options for this side of the business.

In our first period of trading, to 30 June 2007, the Group took bets of 6,672,805, split 47%:53% between on-course and
off-course respectively.

The Market
The gaming sector has been prominent for many years, with horseracing firmly entrenched with the public as the main
sport on which bets are placed. We saw the constant evolution of technology as an opportunity to expand our reach beyond
our loyal on-course following to those potential customers based at home or at work who wish to place bets, and
furthermore we extended our reach into other sports too.

The European parliament and politicians here in the UK continue to recognise the need for regulated betting platforms,
and responsible betting by the adult population, and the Group encourages this.

In a market dominated by several well-known bookmaking firms, the Company is carving out a reputation as an increasing
force, partly as a result of brand awareness campaigns including advertising in the racing industry press.

The Group also benefited from the high profile of Neville personally, which included features in the national press. It
has been pleasing to hear about the support for Neville and the company in the Newcastle area, where our roots are
firmly established, and I'd like to particularly welcome to the shareholders list those members of the public based
there.

Following moves arising from a recent parliamentary select committee meeting, which seeks to allow racecourse owners to
charge bookmakers to attend race days, withdrawing the current pitch system from 2012, we continue to support the
efforts of the Federation of Racecourse Bookmakers (FRB) against the Racecourse Association (RCA). We hope that an
acceptable solution will be reached soon and the current uncertainty will be clarified, and hope to restore the value of
our pitches.

In the meantime, the Board following discussions with the auditors and nominated adviser has adopted what it believes to
be a sensible position for the carrying value of the UK pitches for the purposes of these accounts, in accordance with
IAS 36, with an immediate 60% impairment. The impact of this write-down is to reduce profits by 552,040 and to commence
a policy whereby the remaining 40% will be amortised equally over the next four years.

The Irish pitches are unaffected by these changes. We believe that trading in UK pitches will recommence in the New Year
and that an active market will be there, even if at reduced values, and we will be able to reassess the pitch values
next year.

Board of Directors
I believe that the Group has an excellent team to take the Company forward. The founding Directors, Neville Porter and
Brian Morton, both have many years' experience in the betting industry; Neville in particular is a well-known name at UK
racecourses with a loyal following of people who know him as friendly and honest, offering better odds than many rival
bookmakers.

I have worked with Brian Morton in the past and I was delighted to be asked to join him and Neville Porter on the Board.
Our Finance Director, Simon Walters, brings a wealth of professional expertise to the Company. Finally, our
non-executive director, Arthur Baker, has many years of corporate experience in the leisure industry, and I am grateful
to him for the wisdom of his counsel.

Executives and Staff
The majority of our on-course staff are self-employed consultants, but they have many years of service and demonstrate a
commitment for which the Group is grateful. I am also grateful to the call-centre staff at Birtley who showed such
support both to me and the rest of the Board during this first trading period.

Outlook
The Company hopes to create a gaming business operating both within the UK and overseas. Opportunities exist to grow the
group both organically and through the acquisition of other UK-based sports-betting companies. We will keep shareholders
informed of progress of the Group in the months ahead.

David Soley
Chairman

Operating and Financial Review

I am pleased to present my first report of the Company.

As highlighted in the Chairman's Report, in February this year the Company had a successful flotation on the London
Stock Exchange's AIM market, raising 865,000 before expenses.

In line with expansion plans set out in our Admission Document at the time of flotation, we have invested considerable
sums in setting up our office and call-centre in Birtley, County Durham. We also acquired pitches at courses in
Leopardstown and Galway in Ireland, together with other UK pitches since the year end such as Royal Ascot and Newcastle.
Our acquisition of pitches is an indication that we're hopeful these will remain valued assets for the foreseeable
future.

These on-course investments will enable us to increase our presence in the Irish market, where racecourse attendance is
high and where margins are traditionally better than in England and Scotland, thus assisting in reaching the next stage
in our growth plans.

Since flotation, a pitch at Cheltenham for the festivals which are held in November and March each year has been
acquired, increasing the potential number of days traded by seven, and we also bought a pitch at Kelso.

We sold pitches at Carlisle and Wetherby, having concluded that there was insufficient scope for profitable
representation at enough race days to make them worthwhile assets.

3,103,127 (of which 755,619 was from the Irish pitches), being some 47% of our total revenue of 6,672,805, was
generated from our on-course pitches, which exceeded our forecasts by 30%, but resulted in an operating loss of
544,686. The number of bets taken at race days varied from course to course, was heavily dependent on the weather, and
is usually higher at weekends than on weekdays, but an average of 1,200 bets per day and average bet-size of 30 is
usual.

We signed a lease over premises in Birtley where the Company's head office and telephone broking operation is based, and
has now been actively trading from there for some months. An indication of the extent of our call-centre and internet
trading is the fact that we've already extended operations into an adjoining unit, doubling our trading space, enabling
us to recruit additional staff and to lengthen opening hours to cover evening race meetings and bets on football, rugby,
golf, greyhound racing and other sports.

Although our call-centre and internet operations were trading for only three months of the financial period, 3,569,678,
being 53% of our revenue for the period, was generated from these operations. In excess of 90% of bets taken were staked
on horseracing. This rapid take-up confirmed our belief that trusted operators are able to successfully tap into a huge
market through these channels. We are members of several betting comparison websites, which drives considerable horse
race betting to us. We have struggled with margins, as some punters placed considerable successful bets, and an
operating loss of 265,173 resulted. This was in line with the poor performance announced by many bookmakers during the
first half of 2007. We have since streamlined our client base and the betting patterns of remote gamblers provided us
with valuable information which changed our behaviour at the track side but is not reflected in these margins.

Since the period end, a number of strategies including different marketing campaigns and significant investment in
technology to know our customer have been implemented to try to improve margins. We have completed a classification
programme to categorise all our clients. In addition, we have engaged the services of a specialist internet
sports-betting marketing consultancy to increase our profile and awareness. These actions should result in an
improvement in margins. Revenues in the first five months of the current financial year have remained strong with an
average of 2,000 off-course bets per week from approximately 1,500 registered users. Registrations continue to increase
in number every day, as we diversify our base of registrants and expand our range of sports. We continue to work hard to
make a success from this revenue stream and will be taking action in the near term to achieve this goal. Brian Morton
intends to lend the Company up to 300,000 with a first charge over the pitches of the Company. This loan may be
required to provide working capital facilities to the Company during the period when there is little on-course racing
and we as a Group are dependent upon the revenues from our off-course operations.

I would welcome all shareholders to attend the forthcoming Annual General Meeting which will be held in January 2008,
and I thank them for their support.

Neville Porter
Chief Executive Officer


NEVILLE PORTER PLC

CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD FROM 27 OCTOBER 2006 TO 30 JUNE 2007


2007
Note

Revenue 5 6,672,805

Cost of sales 6,624,980
________
Gross profit 47,825

Administrative expenses (961,029)
Other income 17 300
________

Operating loss 14 (912,904)



Finance income 18 367
Finance costs 18 (217)
______________

Net financing income 18 150



Loss before taxation (912,754)

Taxation 19
_______

Loss for the period (912,754)
_______


Attributable to:

Equity holders of the Company (912,754)
_______


Loss per share attributable to the equity holders of the Company
during the period (expressed in pence per share):

Basic 20 (0.712)p


All amounts relate to continuing operations.

The following notes 1 to 26 form part of these financial statements


CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2007



2007

Note

ASSETS
Non-current assets
Intangible assets 6 805,977
Property, plant and equipment 7 95,834
________

901,811
________

Current assets
Trade and other receivables 9 120,953
Cash and cash equivalents 10 202,401
________

323,354
________

LIABILITIES
Current liabilities
Trade and other payables 12 459,744
Borrowings 13 65,298
________

525,042
________

Net assets 700,123
________



EQUITY
Capital and reserves attributable
to equity holders of the Group
Share capital 11 76,714
Share premium 1,536,163
Retained loss (912,754)
________

700,123
________

These financial statements were approved and authorised for issue by the Board of Directors on 21 December 2007.

The following notes 1 to 26 form part of these financial statements


CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD FROM 27 OCTOBER 2006 TO 30 JUNE 2007


2007
Note

Cash flows from operating activities before changes
in working capital and provisions

Loss before tax for the period (912,754)

Depreciation, amortisation and impairment 563,335

Increase in trade and other receivables 9 (120,953)

Increase in trade and other payables 12 459,744
________

Net cash absorbed by operating activities (10,628)
________


Cash flows from investing activities

Investment in intangible fixed assets (375,067)

Investment in tangible fixed assets (95,079)
________

Net cash absorbed by investing activities (470,146)
________


Cash flows from financing activities


Proceeds from issue of share capital 617,877
________

Net cash from financing activities 617,877
________


Net increase in cash and cash equivalents 137,103

Cash and cash equivalents at 27 October 2006 ________

Cash and cash equivalents at 30 June 2007 10 137,103
________


The following notes 1 to 26 form part of these financial statements



CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2007



Share Share Retained Total
Capital Premium Loss Equity


Balance at 27 October 2006 - - - -
Loss after tax for the period - - (912,754) (912,754)
Total recognised in income
and expenses - - (912,754) (912,754)

Shares issued in the period 76,714 - - 76,714
Premium arising on shares issued
in the period - 1,790,797 - 1,790,797
Share issue expenses in the period - (254,634) - (254,634)


Balance at 30 June 2007
attributable to equity shareholders 76,714 1,536,163 (912,754) 700,123



Share capital is the amount subscribed for shares at nominal value.

Share premium represents the excess of the amount subscribed for share capital over the nominal value of these shares
net of share issue expenses. Share issue expenses in the period ended 30 June 2007 comprise a proportion of the costs
incurred in respect of the initial public offering on the London Stock Exchange's Alternative Investment Market.

Retained loss represents the cumulative loss of the Group attributable to equity shareholders.


The following notes 1 to 26 form part of these financial statements



NOTES FORMING PART OF THE FINANCIAL STATEMENTS

1. General information

Neville Porter Plc (the Company) and its subsidiaries (together, the Group) offers bookmaking services at various
racecourses throughout the United Kingdom and the Republic of Ireland and via telephone and the internet from its call
centre in County Durham. During the period, the Company acquired ownership of the racecourse pitches, business and
computer equipment from the Neville Porter On-Course Betting partnership, previously owned by several Directors of the
Company (full details are shown in note 23 of the financial statements).

The Company is a public limited company quoted on the Alternative Investment Market of the London Stock Exchange, and
resident in England and Wales. The address of its registered office is 8 Pepper Street, London, E14 9RP.


2. Basis of preparation and accounting policies

The principal accounting policies applied in the preparation of these consolidated financial statements are set out
below. These policies have been consistently applied, unless otherwise stated.

The consolidated financial statements of Neville Porter Plc have been prepared in accordance with International
Financial Reporting Standards (IFRSs).

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 Group's accounting
policies. Those areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are
significant to the consolidated financial statements, are disclosed in Note 4.

(a) Interpretations to existing standards that are not yet effective and have not been adopted
early by the Group

The following interpretations to existing standards have been published that are mandatory for the Group's accounting
periods beginning on or after 1 May 2006 or later periods but that the Group has not adopted early:

IFRIC 8, Scope of IFRS 2 (effective for annual periods beginning on or after 1 May 2006). IFRIC 8 requires
consideration of transactions involving the issuance of equity instruments - where the identifiable consideration
received is far less than the fair value of the equity instruments issued - to establish whether or not they fall within
the scope of IFRS 2. The Group will apply IFRIC 8 from 1 July 2007, but it is not expected to have any impact on the
Group's accounts; and

IFRIC 10, Interim Financial Reporting and Impairment (effective for annual periods beginning on or after 1 November
2006). IFRIC 10 prohibits the impairment losses recognised in an interim period on goodwill, investments in equity
instruments and investments in financial assets carried at cost to be reversed at a subsequent balance sheet date. The
Group will apply IFRIC 10 from 1 July 2007, but it is not expected to have any impact on the Group's accounts.

(b) Interpretations to existing standards that are not yet effective and not relevant for the
Group's operations

IFRIC 7, Applying the Restatement Approach under IAS 29, Financial Reporting in Hyperinflationary Economies (effective
from 1 March 2006). IFRIC 7 provides guidance on how to apply the requirements of IAS 29 in a reporting period in which
an entity identifies the existence of hyperinflation in the economy of its functional currency, when the economy was not
hyperinflationary in the prior period. As none of the Group entities have a currency of a hyperinflationary economy as
its functional currency, IFRIC 7 is not relevant to the Group's operations; and


IFRIC 9, Reassessment of Embedded Derivatives (effective for annual periods beginning on or after 1 June 2006). IFRIC
9 requires an entity to assess whether an embedded derivative is required to be separated from the host contract and
accounted for as a derivative when the entity first becomes a party to a contract. Subsequent reassessment is prohibited
unless there is a change in the terms of the contract that significantly modifies the cash flows that otherwise would be
required under the contract, in which case reassessment is required. As none of the Group entities have changed the
terms of their contracts, IFRIC 9 is not relevant to the Group's operations.


2.1 Consolidation

Subsidiaries are all entities over which the Group has the power to govern the financial and operating policies
generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential
voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls
another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are
de-consolidated from the date that control ceases.

The Group uses the purchase method of accounting to account for the acquisition of subsidiaries. The cost of an
acquisition is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or
assumed at the date of exchange plus costs directly attributable to the acquisition. Identifiable assets acquired and
liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at
the acquisition date, irrespective of the extent of the minority interest. The excess of the cost of acquisition over
the fair value of the Group's share of identifiable assets is recorded as goodwill. If the cost of acquisition is less
than the fair value of the net assets of the subsidiary acquired, the difference is recognised directly in the income
statement.

Inter-company transactions, balances and unrealised gains on transactions between Group companies are eliminated.
Unrealised losses are also eliminated but considered an impairment indicator of the asset transferred. Accounting
policies of subsidiaries have been changed (where necessary) to ensure consistency with the policies adopted by the
Group.


2.2 Segment reporting

A business segment is a group of assets and operations engaged in providing products or services that are subject to
risks and returns that are different from those of other business segments. A geographical segment is engaged in
providing products or services within a particular economic environment that are subject to risks and return that are
different from those segments operating in other economic environments.


2.3 Foreign currency translation

(a) Functional and presentation currency

Items included in the financial statements of each of the Group's entities are measured using the currency of the
primary economic environment in which the entity operates (the functional currency). The consolidated financial
statements are presented in Pounds Sterling (), which is the Company's functional and presentation currency.

(b) Transactions and balances

Foreign currency transactions are translated into the functional currency using exchange rates prevailing at the dates
of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the
translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are
recognised in the income statement.

2.4 Plant, property and equipment

Tangible fixed assets are stated at historical cost less depreciation. Historical cost includes expenditure that is
directly attributable to the acquisition of the items. Costs may also include transfers from equity of any gains/losses
on qualifying cash flow hedges of foreign currency purchases. Management may choose to keep these gains/losses in equity
until the acquired asset affects profit or loss. At this time, management should reclassify the gains/losses in profit
or loss.

Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only
when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the
item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and
maintenance are charged to the income statement during the financial period in which they are incurred.

Depreciation is calculated using the straight-line method to allocate their cost or revalued amounts to their residual
values over their useful economic lives, as follows:

Fixtures, fittings and equipment 4 years

The assets' residual values and useful economic lives are reviewed, and adjusted if appropriate, at each balance sheet
date. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is
greater than its estimated recoverable value.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised
within other (losses)/gains in the income statement. When revalued assets are sold, the amounts included in other
reserves are transferred to retained earnings.

2.5 Goodwill

Goodwill on acquisition is initially measured at cost, being the excess of the cost of the business combination over the
Group's interest in the net fair value of the separately identifiable assets, liabilities and contingent liabilities of
a subsidiary at the date of acquisition. In accordance with IFRS 3 Business Combinations, goodwill is not amortised but
reviewed annually for impairment and as such, is stated at cost less any provision for impairment of value. Any
impairment is recognised immediately in the income statement and is not subsequently reversed. On acquisition, any
goodwill acquired is allocated to cash generating units for the purposes of impairment testing. Where goodwill forms
part of a cash generating unit and part of the operation within that unit is disposed of, the goodwill associated with
the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on
disposal of the operation.

2.6 Intangible assets

Intangible assets acquired separately are capitalised at cost and those acquired as part of a business combination are
capitalised separately from goodwill if the fair value can be measured reliably on initial recognition. The costs
relating to internally generated intangible assets are capitalised if the criteria for recognition as assets are met.
Other expenditure is charged against profit in the year in which the expenditure is incurred. Following initial
recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment
losses. The useful lives of these intangible assets are assessed to be either finite or indefinite. Where amortisation
is charged on assets with finite lives, this expense is taken to the income statement. Useful lives are also reviewed on
an annual basis. Intangible assets with indefinite lives are tested for impairment annually, either on an individual or
cash generating unit level.

The Irish pitches and the goodwill are considered to have indefinite durability that can be demonstrated and their value
can be readily measured. The business operates in a longstanding and profitable market sector, which continues to grow,
and the directors consider that there are barriers to entry, such as lack of availability of pitches to new entrants and
the requirement to obtain a betting licence, to sustain the value of Irish intangible assets. The income stream from
each pitch and each business acquisition is separately recorded, hence each asset can be valued on a discounted cash
flow basis.

Following proposals currently under discussion, which were recently presented to a parliamentary select committee, it is
possible that the present UK system will be abolished by 2012, with no certainty that the pitches will retain any value.
The directors have therefore written down the UK pitches by 60% and propose a further 10% impairment in each of the four
years to 30 June 2011. This does not affect the Irish pitches, which are shown at cost.

2.7 Trade receivables

Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective
interest method, less provision for impairment. A provision for impairment is established when there is objective
evidence that the Group will not be able to collect all amounts due according to the original terms of the receivables.
Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial
reorganisation and default or delinquency in payments are considered indicators that the trade receivable is impaired.


2.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within
borrowings in current liabilities on the balance sheet.


2.9 Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options
are shown in equity as a deduction, net of tax, from the proceeds.


2.10 Share premium

Share premium represents the excess of the amount subscribed for share capital over the nominal value of these shares
net of share issue expenses.

2.11 Trade payables

Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective
interest method.


2.12 Borrowings

Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated
at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised
in the income statement over the period of the borrowings using the effective interest rate method.

Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the
liability for at least 12 months after the balance sheet date.



2.13 Taxation

Tax on the profit or loss for the period comprises current and deferred tax. Tax is recognised in the income statement
except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity.

Current tax is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively
enacted at the balance sheet date together with any adjustment to tax payable in respect of previous years.

Deferred tax is provided on temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for taxation purposes. The following temporary differences are not provided for:
the initial recognition of assets or liabilities that affect neither accounting nor taxable profit other than in a
business combination, and differences relating to investments in subsidiaries to the extent that they will probably not
reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realisation or
settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the
balance sheet date.



2.14 Revenue recognition

Revenue is the consideration received or receivable from customers for bets placed during the period in the normal
course of business less any amounts arising in respect of open betting positions.

2.15 Leases

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to
the income statement.


3. Risk and sensitivity analysis

The Group's activities expose it to a variety of financial risks: interest rate risk, liquidity risk, foreign currency
risk and capital risk. The Group's activities also expose it to non-financial risks: market risk, regulatory and
legislative risk, bookmaking risk, and technological risk. The Group's overall risk management programme focuses on
unpredictability and seeks to minimise the potential adverse effects on the Group's financial performance. The Board, on
a regular basis, reviews key risks and, where appropriate, actions are taken to mitigate the key risks identified.

3.1 Interest rate and foreign currency risk

The Group does not have formal policies on interest rate risk or foreign currency risk. However, the Group's exposure in
these areas (as at the balance sheet date) was minimal.

3.2 Liquidity risk

The Group prepares periodic working capital forecasts for the foreseeable future, allowing an assessment of the cash
requirements of the Group, to manage liquidity risk. The directors have considered the risk posed by liquidity and are
satisfied that there is sufficient growth and equity in the Group.

3.3 Capital risk

The Group's objectives when managing capital are to safeguard the ability to continue as a going concern in order to
provide returns for shareholders and benefits to other stakeholders and to maintain an optimal capital structure to
reduce the cost of capital.

3.4 Market risk

A number of macro-level risks exist which could adversely impact upon the on-course and remote businesses. These
include: economic, consumer and environmental factors which could reduce customers' disposable income. Revenue and
operating results may vary significantly from period to period, and an impairment or inability to maintain and enhance
the brand could adversely impact on results. Competition from existing or new entrants could have an adverse effect on
results or, as the betting and gaming sector is a highly competitive environment for recruitment and retention of key
personal, this may also have an adverse effect on results.

3.5 Regulatory and legislative risk

Regulatory, legislative and fiscal regimes for betting and gaming are subject to change, sometimes at short notice. Such
changes could have an adverse effect on results and additional costs might be incurred in order to comply with any new
laws and regulations. The Group monitors legislative and regulatory developments closely, which allows quick assessment
and adoption of changes in the environment and subsequently minimises risk to the business.

3.6 Bookmaking risk

The potential risk of losses that could be incurred in relation to each fixed-odds betting outcome is managed by the
application of limits on individual bets and customer returns each day. Customer betting patterns, particularly with
regard to those who bet large stakes, the outcome of individual events or a prolonged period of good or bad results
could have a material effect on the operating results.

3.7 Technological risk

Technology is key to the success of the Group's call-centre and internet businesses. A failure in the infrastructure and
operation of core systems could have an adverse impact on both operations and financial results. The integrity and
availability of systems is vital to the delivery of a high-quality service to customers.

Security in all environments is paramount in the design and operation of all technology-based services. Security systems
are deployed to protect all personal, financial and transactional data and hardware and security mechanisms are used to
ensure all sensitive and confidential data is fully encrypted. To ensure fail-safe integrity of all data, the Group has
implemented a series of storage systems that replicate all data processed by on-line services. The infrastructure
suppliers, network and telecommunications suppliers and application service providers work with the Group to guarantee
the delivery of sophisticated, high-performance transaction processing systems.


4. Critical accounting estimates and judgments

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including
expectations of future events that are believed to be reasonable under the circumstances.

4.1 Critical accounting estimates and assumptions

The Group makes estimates and assumptions concerning the recovery of its assets and the extent of its liabilities where
these are estimated. The resulting accounting estimates will, by definition, rarely equal the related actual results.
The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are outlined elsewhere.


5. Segmental analysis

The Group operates in two areas of operation: on-course betting and call-centre (telephone and internet) betting.
On-course operations are undertaken in the United Kingdom and in the Republic of Ireland. The call-centre is based in
the United Kingdom.

Segmental analysis by principal area of operation:
On-course Call-centre
Operations Operations Unallocated Total


Turnover 3,103,127 3,569,678 - 6,672,805

Segmental result (544,686) (265,173) (103,345) (913,204)

Other income - - 300 300

Finance income - - 367 367

Finance costs - - (217) (217)

Loss attributable to
equity shareholders (544,686) (265,173) (102,895) (912,754)


Segmental assets 805,977 413,118 6,070 1,225,165

Segmental liabilities (2,000) (479,929) (43,113) (525,042)

Net assets 803,977 (66,811) (37,043) 700,123

Intangible
assets acquired 1,320,067 - - 1,320,067

Property, plant &
equipment acquired - 107,129 - 107,129

Depreciation,
amortisation and
impairment 552,040 11,295 - 563,335


Segmental analysis by geographic area of operation:
United
Kingdom Ireland Total


Turnover 5,917,186 755,619 6,672,805


Segmental assets 1,225,165 - 1,225,165


All fixed assets acquired in the period (107,129) are used in the call-centre segment of the business in the UK. All
intangible assets acquired during the period are used in the on-course operations of the business, and 400,000 of them
are used in Ireland.


6.
Intangible assets
Net Book
Group Cost Amortisation Value


Goodwill
Acquired during the period - business combinations 37,950 - 37,950


Betting Pitches
Acquired during the period - business combinations 945,000 (567,000) 378,000
Acquired during the period - other 435,067 (21,040) 414,027
Disposals (60,000) 36,000 (24,000)
1,320,067 (552,040) 768,027

Net Book Value

At 30 June 2007 1,358,017 (552,040) 805,977


6.1 Cost

The amounts shown represent goodwill purchased on acquisition and amounts paid for the acquisition of betting pitches.

6.2 Amortisation

The Directors have considered the carrying value of the betting pitches held and goodwill purchased and concluded that
impairment or amortisation of 60% in this accounting period is necessary. Amortisation is now considered necessary for
the UK pitches, as the assets are no longer considered to have an indefinite life for a combination of reasons. Although
the group operates in a well-established market, with a proven and sustained demand for bookmaking and gaming services,
and existing laws to restrict entry, there are proposals being considered to change the rules, which could have the
effect of invalidating the UK pitch system by 2012. This does not affect the Irish pitches.

The future value of the Pitches has been assessed on a "value in use" basis.

The relevant projections used the following key assumptions:

Period of use 5 Years

Revenue growth 4%

Cost inflation 3%

Discount Rate 9%

The directors have assumed the length of life of the rights to use on-course pitches as limited, for prudence. The Value
In Use projections assume a life of five years with no residual rights, discounted to NPV.


7. Property, plant and equipment

Group Fixtures
Fittings and
Equipment

Cost
Additions - business combinations 12,050
Additions - other 95,079
_______

At 30 June 2007 107,129
_______

Depreciation
Charge for the period 11,295
_______

At 30 June 2007 11,295
_______

Net book value

At 30 June 2007 95,834
_______


8. Investments in subsidiaries

Company Shares in
subsidiary
undertakings

Cost
Acquisitions 995,000
_______

In the opinion of the Directors, the aggregate value of the Company's investment in subsidiary undertakings is not less
than the amount included in the balance sheet.

Holdings of more than 20%

The Company holds more than 20% of the share capital of the following companies:

Company Country of Class of Share
Incorporation Principal Activity Shares Held %

Subsidiary undertakings
Neville Porter Racing Limited England Holding of pitches Ordinary 100%
DN Porter Racing Limited England Betting and gaming Ordinary 100%


9. Trade and other receivables


Group Company
30 June 2007 30 June 2007


Trade receivables 103,544 -
Amounts due from subsidiaries - 563,121
Prepayments 17,409 6,070
_______ _______

120,953 569,191
_______ _______


10. Cash and cash equivalents


Group Company
30 June 2007 30 June 2007


Cash at bank and in hand 107,153 -
Short-term bank deposits 95,248 -
_______ _______

202,401 -
_______ _______

Cash, cash equivalents and bank overdrafts include the following for the purposes of the cash flow statement:

Group Company
30 June 2007 30 June 2007


Cash at bank and in hand 202,401 -
Bank overdrafts (Note 13) (65,298) (8)
_______ _______

137,103 (8)
_______ _______

Included in the above is 269,932 in respect of client funds held representing deposits received and customer winnings.
These funds are not available for use by the group and are offset by an equivalent amount shown in trade payables.



11. Ordinary shares

30 June 2007


Authorised
250,000,000 ordinary shares of 0.0444p each 111,000
_______
Allotted, called up and fully paid
172,779,279 ordinary shares of 0.0444p each 76,714
_______

On 1 December 2006, two Ordinary shares were issued to Brian Morton and paid up in cash at par.

On the same day, 112,612,612 Ordinary shares were issued credited as fully paid to the members of DN Porter Racing
Limited on its acquisition. The two subscriber shares in the Company were also credited as fully paid.

Also on the same day, four Ordinary shares were issued credited as fully paid to the members of Neville Porter Racing
Limited on its acquisition.

On 21 February 2007 the Company allotted 9,333,333 Ordinary shares of 0.0444p each to SVS Securities plc, the Company's
broker, credited as fully paid for cash at par.

On that day, Arc Management Services Limited, a company which had provided introductory services to the Company,
subscribed for 7,583,333 Ordinary shares of 0.0444p each credited as fully paid for cash at par.

Also on 21 February 2007, the Company allotted 5,000,000 Placing shares to David Soley for cash at two pence per
Ordinary share.

On the same day, the Company allotted 38,250,000 Placing shares of 0.0444p each to placees for cash at two pence per
share.


12. Trade and other payables


Group Company
30 June 2007 30 June 2007


Trade payables 358,236 12,628
Amounts due to related parties (note 24) 24,208 -
Accruals 68,493 30,477
Other payables 8,807 -
_______ ______

459,744 43,105
_______ ______

Included in trade payables is 269,932 in respect of amounts due to clients representing deposits received and customer
winnings. This is offset by an equivalent amount of client funds held which is included in cash at bank and in hand.



13. Borrowings
Group
Company
30 June 2007 30 June 2007


Bank borrowings 65,298 8
_______ ______

The exposure of the Group's borrowings to interest rate changes and the contractual re-pricing at the balance sheet date
are as follows:
Group Company
30 June 2007 30 June 2007


Six months or less 65,298 8
_______ ______


14. Operating loss

Group
2007


Operating loss is stated after charging/(crediting):

Directors' emoluments 82,385
Depreciation of property plant and equipment 11,295
Impairment of betting pitches 552,040
Operating lease costs 4,425
Audit fees 20,000
Net profit on foreign currency translation (6,667)
______


As permitted by Section 230 of the Companies Act 1985, the holding company Neville Porter plc has taken advantage of the
exemption from including its profit & loss account. The loss for the period was 91,799.

15. Information regarding employees (including directors)

The aggregate payroll costs of the above were:
2007


Wages and salaries 108,636
Social security costs 5,074
_____


The average monthly number of employees (including directors) during the period was:

2007
Number

Management 2
Call-centre and administration 3
_____
Total 5
_____




16. Directors' emoluments

The directors' aggregate emoluments (including employers' NIC) in respect of qualifying services were:


2007


Wages and salaries 32,009
Directors' fees 50,376
_____


17. Other income
Group
2007


Commissions received 150
Other income 150
___

300
___


18. Financing income and costs

Group
2007


Interest receivable 367
Interest payable on bank borrowing (217)
___

Net financing income 150
___


19. Taxation
2007


Current tax expense -
Deferred tax expense -
___
-
___

Reconciliation of effective tax rates

Loss before tax (912,754)
Tax using domestic rates of corporation tax of 20% (182,551)

Effect of:
Effect of expenses not deductible for tax purposes 2,453
Impairment of pitches 110,408
Accelerated capital allowances in excess of
depreciation and other timing differences (7,861)

Losses carried forward 77,551
___
-
___

Deferred Taxation

Recognised deferred tax assets and liabilities
Temporary differences relating to:
Non-current assets 7,861
Recognised deferred tax asset (7,861)
___
Net deferred tax asset/liability -

Movement in deferred tax assets and liabilities: ___

Excess of book depreciation over tax allowances 7,861
Recognition of deferred tax asset in
respect of available tax losses (7,861)
___
Net deferred tax asset/liability -
___
The Group has tax losses carried forward of approximately 339,000 gross. A deferred tax asset of 67,800 has not been
recognised on the basis that the directors are uncertain as to the period over which this deferred tax asset will be
recoverable.


20. Earnings per share

Basic loss per Ordinary share has been calculated using the weighted average number of shares in issue during the
financial period. The weighted average number of equity shares in issue was 128,141,310 and the loss for the financial
period was 912,754.


21. Contingencies

The Group has no contingent liabilities in respect of legal claims arising from the ordinary course of business and it
is not anticipated that any material liabilities will arise from the contingent liabilities other than those provided
for (note 22).


22. Commitments

22.1 Capital commitments

There was no capital expenditure contracted for at the balance sheet date but not yet incurred.


22.2 Operating lease commitments

The Group leases office premises under a non-cancellable operating lease agreement, which contains various escalation
clauses and renewal rights. The Group also leases various plant and machinery under non-cancellable operating lease
agreements. The lease expenditure is charged to the income statement during the period as incurred. The charge for
leased office premises in the period was 2,452.

2007

Operating leases which expire:
Less than 1 year -
Within 1 - 2 years -
Within 2 - 5 years 28,000
After 5 years -
_____


23. Business combinations

On 1 December 2006, the Group acquired 100% of the issued share capital of DN Porter Racing Limited for 50,000 of which
100% was payable by the issuance of new Ordinary shares in Neville Porter PLC. This business has contributed 250,743
loss to the Group during the period ended 30 June 2007.

Group net assets acquired Book value Revaluation Fair value


Tangible fixed assets 12,050 - 12,050

Goodwill 37,950 - 37,950

___________ ___________ ____________

50,000 - 50,000
___________ ___________ ____________

Satisfied by

Shares issued 50,000
____________

On 1 December 2006 the Group acquired 100% of the issued share capital of Neville Porter Racing Limited for 945,000 of
which 100% was payable by the issuance of four new Ordinary shares in Neville Porter PLC at a premium of 945,000. This
business has contributed 41,827 net loss to the Group during the period.

Group net assets acquired Book value Revaluation Fair value


Intangible fixed assets
(on-course betting pitches) 1 944,999 945,000
____ _____________ ______________

Satisfied by
Shares issued at a premium 945,000
______________

The Goodwill is attributable to the assets of the acquired businesses and the significant synergies expected to arise
from the formation of a Group structure.

24. Related-party transactions

On 1 December 2006, the Company acquired the entire share capital of DN Porter Racing Limited and Neville Porter Racing
Limited. David Neville Porter and Brian Morton, Directors and Shareholders of Neville Porter plc, are also Directors and
Shareholders of DN Porter Racing Limited and Neville Porter Racing Limited.

During December 2006, Brian Morton, a Director of the Company, paid 160,000 on the Company's behalf for the acquisition
of a pitch at Leopardstown. The loan agreement provided for the Company to repay Mr Morton interest-free out of the
proceeds of the flotation, which was duly done. The balance outstanding at the end of the period was Nil.

During the period to 30 June 2007, 13,498 (plus VAT) was invoiced by FD Solutions, the trading name of DFM Limited (a
company registered in England and Wales), for the services of Simon Walters as a Director of Neville Porter Plc. Mr
Walters is also a Director and Shareholder of DFM Limited. As at 30 June 2007, the sum owing to FD Solutions was 5,684
(plus VAT).

During the period to 30 June 2007, 6,667 (plus VAT) was invoiced by Ramscove Limited (a company registered in England
and Wales), for the services of David Soley as a director of Neville Porter Plc. Mr Soley is also a Director and
Shareholder of Ramscove Limited. As at 30 June 2007, the sum owing to Ramscove Limited was 2,667 (plus VAT).

During the period to 30 June 2007, 6,667 (plus VAT) was invoiced by Arthur Baker & Associates Limited (a company
registered in England and Wales), for the services of Arthur Baker as a director of Neville Porter Plc. Mr Baker is also
a Director and Shareholder of Arthur Baker & Associates Limited. As at 30 June 2007, the sum owing to Arthur Baker &
Associates was 1,488 (plus VAT).

As at 30 June 2007, the Company owed an amount of 24,208 to David Neville Porter by way of his Director's loan account.
The loan agreement provides for the Company to repay Mr Porter interest-free.


25. Post-balance sheet events

There are no events after the balance sheet dates which require disclosure in the financial statements.

26. Controlling party

The Group is under the control of David Neville Porter and Brian Morton, by virtue of their ownership of the majority of
the Group's share capital and voting rights. Mr Porter is Chief Executive Officer and Mr Morton is an executive
director.


Copies of this statement will be sent to shareholders and will be available on the Company's website,
www.nevilleporter.plc.uk.

Just received my copy of BettingBusiness today and although I can't type the whole piece here are the snippets. I can only type with one finger. lol

Neville Porter has closed down it's website and telephone call centre, suspended it's shares and called in an insolvency expert to broker a Creditors Voluntary Agreement.

There is then a bit about what went wrong, then a bit of dripping from Neville that they took heavy losses from some clued up punters.

Perhaps someone should have pointed out this could have been prevented if they had kept their eye on the ball from the begining.

Ends with

Finance director Simon Walters said he hoped the CVA could be agreed shortly and that it would provide " an opportunity to give some value to the shareholders and creditors"