Company Registration Number: 4351474

Oxford Technology 3 Venture Capital Trust PLC

Interim Accounts

For the period 1 March 2015 to 30 November 2015

These interim statements have been prepared to comply with s836 and s838 of The Companies Act 2006.

Financial Headlines

	Nine Month Period Ended 30 November 2015	Year Ended 28 February 2015
Net Assets at Period End	£7.03m	£6.48m
Net Asset Value per Share	103.5p	95.6p
Cumulative Dividend	10.0p	10.0p
Total NAV Return	113.5p	105.6p
Share Price (mid market)	67.5p	72.5p
Earnings per Share	7.9p	(2.7)p

Statement on behalf of the Board

These interim accounts have been prepared following the disposal of Telegesis and provide details of the results for the 9 month period to 30 November 2015.  They have been prepared with the purpose of publishing a set of accounts which state the latest updated distributable reserves.  Once these accounts have been received at Companies House, the Directors will have the flexibility to declare further dividends.

On behalf of the Board
Robin Goodfellow - Chairman

Unaudited Financial Information

Income Statement for the Period	Nine months to 30 Nov 15 £'000	Six months to 31 Aug 15 £'000	Year to 28 Feb 15 £'000
Gain/(loss) on disposal of assets held at fair value	1,333	3	2
Unrealised gain on fair value of investments	(794)	659	94
Other income	3	3	-
Expenses	(1)	10	(281)
Profit/(loss) on ordinary activities before tax	_____   541	_____   675	_____   (185)
Tax on profit/(loss) on ordinary activities	-	-	-
	_____	_____	_____
Return on ordinary activities after tax	541	675	(185)
	_____	_____	_____
Earnings per Share	7.9p	9.9p	(2.7)p
	_____	_____	_____

                                                                                       

Statement of Changes in Equity for the Period	Nine months to 30 Nov 15 £'000	Six months to 31 Aug 15 £'000	Year to 28 Feb 15 £'000
Shareholders' funds at the start of period	6,485	6,485	6,670
Return on ordinary activities after tax	541 _____	675 _____	(185) _____
Shareholders' funds at the end of period	7,026	7,160	6,485
	_____	_____	_____

Summarised Balance Sheet	30 Nov 15 £'000	31 Aug 15 £'000	28 Feb 15 £'000
Investments held at fair value	3,722	7,077	6,525
Net current assets	3,363	178	149
Creditors: amounts falling due > 1 year	(59)	(95)	(189)
Net assets	_____   7,026	_____   7,160	_____   6,485
	_____	_____	_____

     

Capital and Reserves	30 Nov 15 £'000	31 Aug 15 £'000	28 Feb 15 £'000
Called up share capital	679	679	679
Share premium	719	719	719
Profit and loss account	4,095	850	773
Revaluation reserve	1,533	4,912	4,314
Shareholders' funds	_____   7,026	_____   7,160	_____   6,485
	_____	_____	_____
Net asset value per share	103.5p	105.5p	95.6p
	_____	_____	_____

Robin Goodfellow
Chairman
6^th January 2016

                                                                                       

Cash Flow Statement for the Period	Nine months to 30 Nov 15 £'000	Six months to 31 Aug 15 £'000	Year to 28 Feb 15 £'000
Net cash (outflow) from operating activities	(139)	(194)	(76)
Capital expenditure and financial investment      Purchase of investments      Disposal of investments	(100) 3,442	- 110	- 12
Net cash inflow from capital expenditure and financial investment	_____ 3,342 _____	_____ 110 ­­_____	_____ 12 _____
Increase/(decrease) in cash	3,203	(84)	(64)
	_____	_____	_____

Notes to the Unaudited Financial Information

1.  The unaudited financial information for the nine months to 30 November 2015 has been prepared in accordance with Financial Reporting Standard 104 "Interim Financial Reporting" and in accordance with the accounting policies and principles that will be adopted in the next financial statements which are to be prepared under Financial Reporting Standard 102 for the first time.  No restatement of prior periods has been necessary.  The unaudited financial information for the nine months to 30 November 2015 does not constitute statutory accounts within the meaning of Section 415 of the Companies Act 2006. The comparative figures for the year ended 28 February 2015 have been extracted from the audited financial statements for that year, which have been delivered to the Registrar of Companies.  The independent auditor's report on those financial statements was unqualified. 

2.  The calculation of earnings per share for the period is based on the return attributable to shareholders divided by the weighted average number of shares in issue during the period.

3.  Listed investments are stated at market value based upon bid prices at the accounting period end.  The unrealised depreciation or appreciation on the valuation of investments are dealt with in the revaluation reserve.

4.  The operating profit is stated after charging:

	Interim Period Ended 30 November 2015 £'000	Year Ended 28 February 2015 £'000
Directors' remuneration	15	13
Auditors' remuneration	5	6
Total	20	19

5.  No liability to UK corporation tax arose during the period.

6.   Investments

	AIM quoted investments Level 1 £'000	Unquoted investments Level 3 £'000	Total investments £'000
Valuation and net book amount:
Book cost as at 1 March 2015	440	1,876	2,286
Cumulative revaluation	1,178	3,061	4,239
Valuation at 1 March 2015	1,618	4,907	6,525
Movement in the year:
Purchases at cost	-	100	100
Cost of disposal	(46)	(151)	(197)
Revaluation on disposal	(61)	(1,851)	(1,912)
Revaluation in year	(812)	18	(794)
Valuation at 30 November 2015	699	3,023	3,722
Book cost at 30 November 2015	394	1,795	2,189
Revaluation to 30 November 2015	305	1,228	1,533
Valuation at 30 November 2015	699	3,023	3,722

7.  Share Capital

	30 November 2015 £'000	28 February 2015 £'000
Authorised:
15,000,000 ordinary shares of 10p each	1,500	1,500
Total Authorised	1,500	1,500
Allotted, called up and fully paid:
6,785,233 (28 Feb 2015: 6,785,233) ordinary shares of 10p each	679	679

8.  Reserves
               

	Share Premium Account £'000	Capital Reserve Unrealised £'000	Profit and Loss  Account Reserve £'000
At 1 March 2015	719	4,314	773
Profit/(loss) for period	0	(794)	1,335
Movement on Revaluation Reserve	0	(1,912)	1,912
Reserve Transfer	0	(75)	75
As at 30 November 2015	719	1,533	4,095

The distributable reserves at 30 November 2015 are £4,095,000

9.  Copies of the Interim Statement have been lodged at Companies House and published on the website.  Further copies can be obtained from the Company's Registered Office at:
     The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA

Board Directors :  Robin Goodfellow, David Livesley, Richard Roth and Alex Starling

Company Secretary: James Gordon - Gordons Partnership LLP
       
Investment Manager :  OT3 Managers Ltd with services contracted to
                                        Oxford Technology Management Ltd