Secured Property Developments Plc Half-year Report
09 August 2017 - 11:00PM
UK Regulatory
TIDMSPD
SECURED PROPERTY DEVELOPMENTS PLC
Unit 6 ,Orchard Mews ,42 Orchard Road
Highgate, London N6 5TR
Secured Property Developments plc
Unaudited financial statements
for the period from 1st January 2017 to
30th June 2017
Registered number 2055395
Chairman's Statement
Political and economic uncertainty continues but demand continues to outstrip
supply in all areas making it difficult to compete at the right level.
While a number of opportunities continue to present themselves to the Board, we
have, as yet, been unable to recommend anything worth pursuing at the right
price level.
We will continue to monitor the market and all potential acquisitions and feel
confident that we will secure something suitable during the course of the year.
John P Townsend
CHAIRMAN
3rd August 2017
Unaudited profit and loss account
for the period from 1st January 2017 to 30th June 2017
2017 2017 2016 2016
GBP GBP GBP GBP
Turnover - 7,000
Cost of sales - (2,877)
Gross profit - 4,123
Administrative expenses (32,461) (43,512)
Exceptional Item - 21,410
Operating (loss)/profit (32,461) (17,979)
Interest receivable 20,482 1,266
Interest payable - -
20,482 (1,266)
(Loss) on ordinary activities before (11,979) (16,713)
taxation
Taxation - -
(Loss) on ordinary activities after (11,979) (16,713)
taxation
====== ======
(Loss) per share (0.60)p (0.84)p
Unaudited Balance sheet
at 30th June 2017
2017 2017 2016 2016
GBP GBP GBP GBP
Fixed assets
Tangible assets - -
Current assets
Debtors 414,735 6,405
Cash at bank and in hand 310,443 760,227
725178 766,632
Creditors: amounts falling due within (48,521) (67,765)
one year
Net current assets 676,657 698,867
________ ________
Total assets less current liabilities 676,657 698,867
Creditors: amounts falling due after - -
more than one year
Net assets 676,657 698,867
Capital and reserves
Called up share capital 418,861 418,861
Share premium account 3,473 3,473
Profit and loss account 254,323 276,533
Shareholders' funds 676,657 698,867
END
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