Secured Property Developments Plc Half-year Report
20 July 2018 - 9:00PM
UK Regulatory
TIDMSPD
Secured Property Developments plc
Unaudited financial statements for the period
from 1st January 2018 to
30th June 2018
Registered number 2055395
Chairman's Statement
Economic uncertainty and political turmoil continues as a result of Brexit and
the trade wars started by the US and a number of vendors still remain
unrealistic in terms of pricing.
While the auction rooms have seen large numbers of investors switching from
buy-to-let residential to commercial investments, conditions still remain
challenging with investors becoming much more cautious.
While a number of opportunities have presented 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 next
six months.
John P Townsend
CHAIRMAN
16th July 2018
Unaudited profit and loss account
for the period from 1st January 2018 to 30th June 2018
2018 2018 2017 2017
GBP GBP GBP GBP
Turnover - -
Cost of sales - -
Gross profit - -
Administrative expenses (47,785) (32,461)
Exceptional Item - -
Operating (loss)/profit (47,785) (32,461)
Interest receivable 13,462 20,482
Interest payable - -
_______
13,462 20,482
(Loss) on ordinary activities (34,323) (11,979)
before taxation
Taxation - -
(Loss) on ordinary activities after (34,323) (11,979)
taxation
====== =====
=
(Loss) per share (0.60)p
(1.72)p
Unaudited Balance sheet
at 30th June 2018
2018 2018 2017 2017
GBP GBP GBP GBP
Fixed assets
Tangible assets - -
Current assets
Debtors 18,740 414,735
Cash at bank and in hand 627,308 310,443
646,048 725,178
Creditors: amounts falling due (34,614) (48,521)
within one year
Net current assets 611,434 676,657
________ ________
Total assets less current 611,434 676,657
liabilities
Creditors: amounts falling due - -
after more than one year
Net assets 611,434 676,657
Capital and reserves
Called up share capital 418,861 418,861
Share premium account 3,473 3,473
Profit and loss account 189,100 254,323
Shareholders' funds 611,434 676,657
END
(END) Dow Jones Newswires
July 20, 2018 07:00 ET (11:00 GMT)
Secured Property Develop... (AQSE:SPD)
Historical Stock Chart
From May 2024 to Jun 2024
Secured Property Develop... (AQSE:SPD)
Historical Stock Chart
From Jun 2023 to Jun 2024
