Secured Property Developments Plc - Interim Results 2022
09 June 2023 - 11:00PM
PR Newswire (US)
|
Secured Property Developments
plc |
|
Unaudited financial statements for the
period from 1st January 2022
to 30th June
2022 |
|
Registered number
02055395 |
|
|
Chairman’s
Statement
The Board following the retirement of Lubbock Fine
have appointed Edwards Veeder as Auditors and they are
currently preparing the results for the year ended
2022.
The political and economic uncertainty caused by
the resignation of two Prime Ministers has resulted in a down turn
in the economy.
Inflation caused by the war in Ukraine has caused economic uncertainty and
affected the property market.
The Board continues to reduce overheads
wherever possible in order to preserve cash
resources.
R.A Shane
Chairman
9th June
2023
Secured
Property Developments
plc
Unaudited
financial statements for the period from 1st January to
30th June
2022
Can be compared
with those for the same period as
follows:
Unaudited profit and loss
account
for the period
from 1st January 2022 to
30th June
2022
|
2022 |
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
Turnover |
|
- |
|
- |
|
Cost of
sales |
|
- |
|
- |
|
|
|
|
|
|
Gross profit |
|
- |
|
- |
|
Administrative
expenses |
|
(16,446) |
|
(15,688) |
|
|
|
|
|
|
|
|
|
|
|
Operating
(loss)/profit |
|
(16,446) |
|
(15,688) |
|
Interest
receivable |
96 |
|
22 |
|
|
Interest
payable |
- |
|
- |
|
|
|
|
|
_______
|
|
|
|
|
96 |
|
22 |
|
|
|
|
|
|
(Loss) on ordinary activities before
taxation |
|
(16,350) |
|
(15,666) |
|
Taxation |
|
- |
|
- |
|
|
|
|
|
|
(Loss) on ordinary activities after
taxation |
|
(16,350) |
|
(15,666) |
|
|
====== |
|
====== |
|
(Loss) per share |
|
(0.83)p |
|
(0.78)p |
|
|
|
|
|
|
Secured
Property Developments
plc
Unaudited
financial statements for the period from 1st January to
30th June
2022
Can be compared
with those for the same period as
follows:
Unaudited Balance
sheet
at 30th
June
2022
|
2022 |
2022 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
|
Fixed assets |
|
|
|
|
|
Tangible
assets |
|
- |
|
- |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
Debtors |
7,650 |
|
7,419 |
|
|
Cash at bank and in
hand |
421,045 |
|
452,113 |
|
|
|
|
|
|
|
428,695 |
|
459,532 |
|
|
|
|
|
|
|
Creditors:
amounts falling due within one year |
(48,896) |
|
(37,515) |
|
|
|
|
|
|
|
Net current assets |
|
379,799 |
|
422,017 |
|
|
|
________
|
|
____ |
|
Total assets less current
liabilities |
|
379,799 |
|
422,017 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one
year |
|
- |
|
- |
|
|
|
|
|
|
Net assets |
|
379,799 |
|
422,017 |
|
|
|
|
|
|
Capital and
reserves |
|
|
|
|
|
Called up share
capital |
|
418,861 |
|
418,861 |
|
Share premium
account |
|
3,473 |
|
3,473 |
|
|
|
|
|
|
|
Profit and loss
account |
|
(42,535) |
|
(317) |
|
|
|
|
|
|
Shareholders’
funds |
|
379,799 |
|
422,017 |
|
|
|
|
|
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