ST MARK HOMES II PLC - Trading Update and Dividend Declaration PR Newswire
                    St Mark Homes II Plc: Trading Statement

                    TRADING UPDATE AND DIVIDEND DECLARATION

The board are pleased to announce pre-tax profit for the year of GBP 260,891
for the year.

As outlined in the strategic report within our accounts the projects at
Cheltenham, Wimbledon and Ealing are progressing well and ahead of expectations
envisaged in the appraisals made at the outset. The projects are expected to
deliver profits for the company of over £1m on realisation and before tax and
overhead, albeit subject to the usual market and business risks.

In light of the growing financial strength of the company and its projects the
board have approved an interim dividend of 3.3 pence per share (an increase of
10% on the total dividend paid last year). The dividend is to be paid in
accordance with the following timetable:

* Declaration Date 30th May 2014
* Ex-Dividend Date 18th July 2014
* Record Date 21st July 2014
* Expected Payment Date 1st August 2014

The 2014 AGM will also consider special resolutions which have the full support
of your board.

Resolution 6 proposes that the name of the company be changed to St Mark Homes
PLC .

Resolution 7 proposes an amendment and a correction in the Articles of
Association to remove borrowing restrictions. While the board will remain
cautious in its approach to borrowing, it is our considered view that returns
to shareholders can be enhanced by the blending of our equity with a higher
portion of debt (to be raised on standard and accepted financial criteria for
this industry) than heretofore.

Resolutions 8 and 9 are designed to allow the board to raise a small amount of
additional capital (circa 8% more) by placing shares at the ISDX mid market
price. Our intention is to improve liquidity in the shares and also to expand
our capital base.

On behalf of the board I would like to thank you once again for your continued
support for the Company.

Bernard Jos. Tansey

______________________

BERNARD J. TANSEY, CHAIRMAN

                             ST MARK HOMES II PLC

                       NOTICE OF ANNUAL GENERAL MEETING.

NOTICE IS HEREBY GIVEN THAT THE ANNUAL GENERAL MEETING of the Company will be
held at Heron House, 109

Wembley Hill Rd, Wembley, Middlesex HA9 8DA on 25th June 2014 at 10:30 hrs for
the following purposes:

AS ORDINARY BUSINESS:

To consider and if thought fit to pass the following as ordinary resolutions:

 1. Adoption of audited accounts

To receive the Report of the Directors and the Financial Statements for the
period to 31st December 2013 (Resolution 1)

 2. Reappointment of auditors

To re-appoint Kingston Smith LLP as Auditors of the Company.(Resolution 2)

 3. Auditors Remuneration

To authorise the Directors to fix the remuneration of the Auditors. (Resolution
3)

 4. Re-election of Retiring Director

To re-elect Bernard Tansey (retiring by rotation) as a Director of the company.
(Resolution 4)

 5. Re-election of Retiring Director

To re-elect William Gair (retiring by rotation) as a Director of the company. (
Resolution 5)

AS SPECIAL BUSINESS:

To consider and if thought fit to pass the following as special resolutions:

 6. Change of Company Name

That the name of the company be changed to St Mark Homes PLC (Special
Resolution 6 )


 7. Amendment of Articles

To amend and correct the Articles of Association to remove borrowing
restrictions. This will necessitate the amendment of the Articles of
Association to as set out in Appendix A to this agenda. (Special Resolution 7).

 8. Directors power to allot relevant securities

That the directors be and they are generally and unconditionally authorised in
accordance with section 551 of the Companies Act 2006 (the "Act") to exercise
all powers of the Company to allot shares in the Company, and grant rights to
subscribe for or to convert any security into shares of the Company (such
shares, and rights to subscribe for or to convert any security into shares of
the Company being "relevant securities") up to a maximum aggregate nominal
amount of £1,600,000. Unless previously renewed, revoked, varied or extended,
this authority shall expire at the earlier of the date which is 15 months from
the date of the passing of this resolution and the conclusion of the next
Annual General Meeting of the Company except that the Company may at any time
before such expiry make an offer or agreement which would or might require
relevant securities to be allotted after such expiry and the directors may
allot relevant securities in pursuance of such an offer or agreement as if the
said power had not expired.name of the company be changed to St Mark Homes PLC
(Special Resolution 8 )


 9. Disapplication of pre-emption rights

That the directors be and they are empowered pursuant to section 570(1) of the
Act to allot equity securities (as defined in section 560(1) of the Act) of the
Company for cash pursuant to the authority of the directors under section 551
of the Act conferred by resolution 5 as if section 561(1) of the Act did not
apply to such allotment provided that the power conferred by this resolution
shall be limited to:

 a. the allotment of equity securities in connection with an invitation or
    offer of equity securities to the holders of ordinary shares in the capital
    of the Company in proportion to their respective holdings of such shares or
    in accordance with the rights attached to such shares but subject to such
    exclusions or other arrangements as the directors may deem necessary or
    expedient in relation to fractional entitlements or as a result of legal or
    practical problems under the laws of, or the requirements of any regulatory
    body or any stock exchange in any territory; and

 b. the allotment, otherwise than pursuant to paragraph (a) above, of equity
    securities up to a maximum aggregate nominal amount of £1, 600,000 unless
    previously renewed, revoked, varied or extended this power shall expire on
    the earlier of the conclusion of the next Annual General Meeting of the
    Company and the date falling 15 months after the date of the passing of
    this resolution except that the Company may before the expiry of this power
    make an offer or agreement which would or might require equity securities
    to be allotted after such (Special Resolution 9).

Members entitled to attend and vote at the above meeting are entitled to
appoint one or more proxies to attend and on a poll vote on their behalf. A
proxy need not also be a member.

BY ORDER OF THE BOARD

Barry Tansey Heron House

Secretary Wembley HA9 8DA

Date: 2 June 2014

APPENDIX A

EXISTING CLAUSE 112 OF THE COMPANY ARTICLES OF ASSOCIATION

112. The Directors may exercise all the powers of the Company to borrow money
and to mortgage or charge its undertaking, property and uncalled capital, or
any part thereof, and to issue debentures and other securities whether outright
or as security for any debt, liability or obligations of the Company or any
third party, subject to a limit in value of 200 per cent of the paid up share
capital and any premium thereon from time to time.

PROPOSED CLAUSE 112 OF THE COMPANY ARTICLES OF ASSOCIATION

112. The Directors may exercise all the powers of the Company to borrow money
and to mortgage or charge its undertaking, property and uncalled capital, or
any part thereof, and to issue debentures and other securities whether outright
or as security for any debt, liability or obligations of the Company or any
third party.

                             St Mark Homes II Plc

                    Annual report and financial statements

                      for the year ended 31 December 2013

Contents

Strategic report

Report of the directors

Report of the independent auditors

Consolidated profit and loss account

Consolidated balance sheet

Company balance sheet

Consolidated cash flow statement

Notes forming part of the financial statements

Directors

Bernard Tansey

Sean Ryan

Michael Chicken (resigned 16 August 2013)

William Gair

Barry Tansey (appointed 1 January 2013)

Secretary and registered office

Barry Tansey, Heron House, 109 Wembley Hill Road, Wembley, Middlesex, HA9 8DA

Company number

3822978

Auditors

Kingston Smith LLP

Middlesex House

800 Uxbridge Road

Hayes

Middlesex

UB4 0RS

                             St Mark Homes II Plc

             Strategic Report for the year ended 31 December 2013

The directors present their strategic report for the year ended 31 December
2013.

Strategic Report

The Company continues to target projects based in London, the South East and
South Western regions of the United Kingdom. The Company typically undertakes
its business within special purpose vehicles and on a joint venture /profit
sharing basis with other house builders. This strategy has delivered a growing
profit profile in recent years with post-tax profits rising 28% to £256,547 in
the current year.

Looking forward the board anticipate our current projects will meet and
actually outperform initial expectations. There is just one unit now remaining
for sale at our Pittville Cresecent, Cheltenham project. We anticipate that
this will be sold during the current financial year while the Bulvinos House,
Ealing and Palmerston Road, Wimbledon projects are expected to be completed and
sold in late 2014 and early 2015.

It is expected that the above three projects will generate over £1m of profit
for the company.

Our strategic priorities

As a board we are keen to build on this performance and grow the Company into a
significant regional house builder. We now have an established and profitable
method of operation which could be scaled up were further capital to become
available to us.

We believe the key Company assets are its people, capital base and market
listing. Our primary aim is to maximise shareholder value by utilising each of
these assets to best effect. We also are committed to the highest standards of
sustainability.

People and partnering

We have intentionally a small but experienced team with demonstrable competency
in finance, property development, project appraisal and project delivery. Our
strategy is to match those core skills and our capital with partners who can
assist with project design, construction and sales. Our people are motivated
through a management incentiv scheme which aligns their interests with that of
the shareholders and only rewards performance after attainment of profit
targets linked to the return on shareholders funds.

Capital

The Company currently has a modest capital base of just over £3.2m. We have
previously set a performance target to grow that base by a minimum of 5% on
opening shareholders funds per annum through organic growth. In 2013 we
actually achieved a pre-tax profit of 8.6% on opening shareholders funds.

As outlined above we have confidence in the current portfolio of projects and
expect to deliver a return significantly in excess of target for 2014 and 2015.

We believe that capital availability remains a constraining factor for the
business and we are currently exploring ways to raise fresh capital. We have
asked shareholders to grant authority to directors to issue and allot a small
number of new shares in the current year and will explore a larger capital
raising when current projects mature.

We are also constrained by continuing restrictions of availability of bank
funding which is typically limited to 55% of the Gross Development Value (GDV)
on our projects. If we assume a 15% return on GDV the actual tranche cost
between the 55%-85% level of GDV is currently funded through equity. We
therefore believe that the return to shareholders can be significantly improved
through increasing our borrowing levels and we are therefore reviewing a number
of options to increase the amount of debt funding available to Company. It is
our intention not to borrow more than 75% of the projected end value of our
developments. Shareholder approval will be sought at the forthcoming AGM to
remove the existing borrowing restrictions and facilitate the expansion of the
capital base of the Company.

                             St Mark Homes II Plc

       Strategic Report for the year ended 31 December 2013 (continued)

Market listing

The Company is currently listed on the Growth Market of the ICAP ISDX exchange.
This is London's third level market behind LSE and AIM. While the listing
should provide trading opportunities for our shareholders, there has
historically been a notable discount between the mid-price of our shares and
our Net Asset Value. The discount to Net Asset Value at the date of this report
is circa 35% having been reduced from almost 70% in early 2013 ).

While the market sets its own price for the shares the level of discount is a
concern to the board and we have sought to improve market awareness of the
Company by re-launching the www.stmarkhomes.co.uk website in 2013 as well as
increasing the number of investor updates.

We propose to change the name of the Company to St Mark Homes Plc at the
forthcoming AGM and will continue to examine opportunities to improve our
business profile to the investor community.

Sustainability

We recognise that there are financial and operational benefits of working
sustainably and the upside for our shareholders. We are committed to the
highest standards of sustainability. While many environmental requirements are
embedded within the planning process, sustainability is broader than that and
encompasses both Health & Safety and the supply chain.

Health & Safety remains the Group's first priority and we work with our joint
venture partners to attain best practice standards. Thankfully there were no
reportable incidents on any of our projects during 2013 but we will not be
complacent.

Having the right supply chain is also crucial to sustainability. We do have
long term working relationships with our main suppliers but do continue to
carefully monitoring the financial health of our design teams and main
contractors where market conditions are taking their toll. We aim to pay
suppliers in agreed timescales and to work collaboratively with them for the
benefit of all.

Project Portfolio

At present we have five live joint venture projects totalling 98 units on sites
in Wimbledon, Cheltenham (2), Ealing and Sutton which we anticipate will
deliver profits over the next two to three years.

While these sites are progressing against a background of some labour and
supply challenges the overall context is one of strong customer demand and
improved market conditions. The board is optimistic that the improved
opportunities being experienced will continue through into 2016.

Completed Developments

The final sales on the Fulshaw Lodge, Christchurch Road, Cheltenham and
Mountfield Road, Ealing projects were completed in early 2013. The Company also
recognised a significant profit on its Kingston Road, New Malden scheme in the
first half of the current financial year.

Current Projects

The company is currently engaged on the following projects:

19 Pittville Crescent, Cheltenham:

Construction on this 12 unit scheme within the Pittville conservation area of
Cheltenham was completed in the latter half of 2013. A total of 3 of the 12
residential units were sold at the year end with a further 8 sales agreed post
year end leaving just a single remaining unit for sale as at the date of
signing these accounts.

                             St Mark Homes II Plc

       Strategic Report for the year ended 31 December 2013 (continued)

Hatherley Road,, Cheltenham:

The Company acquired this site for 8 luxury residential units in September
2013. Construction commenced in early 2014 with an expected completion date in
early 2015. It is planned to market the scheme in the Spring of 2015.

Palmerston Road, Wimbledon, London:

The Company entered a joint venture for the development of a 24 residential
units in Wimbledon, south west London early in 2012. Construction is due to be
completed in early 2015. The private units are 80% sold off plan.

Bulvinos House Ealing:

The Company entered a joint venture for the development of a 14 residential
units at Bulvinos House, Ealing, West London early in November 2013.
Construction is due to be completed in late 2014.

Sutton High Street, Sutton:

The Company also invested in a regeneration property development venture at
Sutton High Street at the end of 2013. The development ( when completed ) is to
consist of 40 residential units with ground floor retail space on Sutton High
Street, Sutton.

Principal risks and uncertainties

The Company is exposed to the usual risks of companies constructing and
developing residential property, including construction budget overruns, delays
in programme, insolvency of clients, general economic conditions, uninsured
calamities and other factors.

Investments are made in sterling and therefore the Company is not subject to
foreign exchange risks. The Company's credit risk is primarily attributable to
its trade debtors. Credit risk is managed by monitoring payments against
contractual agreements. The Company also reviews the financial standings of its
debtors prior to entering into significant contracts.

Key Performance Indicators

The Company's long term performance target has been to generate a minimum
average annual return on shareholders funds of 5%. During 2013 the annual
pre-tax return on shareholders' funds was 8.6% (2012: 8%).

The Company also seeks protection from market downturns by committing no more
than 50% of its capital to any one project and by requiring projects in which
it is a stakeholder to show a minimum return on cost of 15%.

During 2013 the maximum exposure of capital to any one project was less than
40% of the Company capital.

Treasury policy

Operations have been financed by the issue of shares in the past and retained
profits, the cash from which has been invested in short term cash deposits. In
addition, various financial instruments such as trade debtors and trade
creditors arise directly from the group's operations. The loan notes have been
funded by the cash income from previous development projects. Further
information on financial instruments is contained in note 25 of the financial
statements.

On behalf of the Board

Sean Ryan

Director

Date: 23 May 2014

                             St Mark Homes II Plc

          Report of the directors for the year ended 31 December 2013

The directors present their report together with the audited financial
statements for the year ended 31 December 2013.

Principal Activity

The principal activity of the Company remained that of a residential contractor
and house builder.

Results and dividends

The profit and loss account is set out on page 9 and shows a net profit after
taxation of £256,547 (2012 - £199,452) for the year.

An interim ordinary dividend of 3.00 pence per share was paid in June 2013
(2.75p 2012). This represents an increase of 9% year on year.

The directors do not recommend the payment of a final ordinary share dividend
for the year (2012: £Nil).

Directors

Barry Tansey was appointed to the Board to serve as Chief Executive Officer on
1 January 2013.

Bernard Tansey was appointed to the role of Executive Chairman on 1 January
2013.

Sean Ryan and Michael Chicken retired by rotation at the June 2013 Annual
General Meeting and, being eligible, for re-election were duly re-elected to
the board. On 16 August 2013 Michael Chicken resigned as a director of the
company.

Bernard Tansey and William Gair are to retire by rotation at the next Annual
General Meeting and, being eligible, offer themselves for re-election.

Directors Interests

The following directors of the Company had interests in the ordinary shares of
the Company at 31st December 2013 as follows:

Bernard Tansey 251,000

Sean Ryan 65,500

Barry Tansey 45,500 ( appointed on 1st January 2013 )

Directors Emoluments

Bernard Tansey £20,000

Sean Ryan £20,000

Barry Tansey £30,000

William Gair £12,000

During the year the Company adopted a new incentive / reward system. This new
reward system has been designed to allow the directors of the company to a
share in the improving profitability of the Company once a threshold /hurdle
return of 5% on opening shareholders funds for the exclusive benefit of the
ordinary shareholders. The remuneration committee believe that this will act a
driver of improved performance for the long term benefit of the Company's
shareholders.

                             St Mark Homes II Plc

                            Report of the directors

                for the year ended 31 December 2013 (Continued)

Going Concern

The directors have assessed the Group's projected business activities and
available financial resources together with detailed forecasts for cash flow
and relevant security analysis. The directors believe that the company is well
placed to manage its business risks successfully.

After making appropriate enquiries the directors have a reasonable expectation
that the Company and the Group have adequate resources to continue in
operational existence for the foreseeable future. Accordingly the directors
continue to adopt the going concern basis in preparing the annual report and
financial statements.

Auditors

In accordance with section 489 of the Companies Act 2006, a resolution
proposing that Kingston Smith LLP be reappointed as auditors of the company
will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the Directors' Report and the
financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each
financial year. Under that law the directors have elected to prepare the
financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the directors must not approve the financial statements
unless they are satisfied that they give a true and fair view of the state of
affairs of the company and of the profit or loss of the company for that
period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are
sufficient to show and explain the company's transactions and disclose with
reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the

prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the
corporate and financial information included on the company's website.
Legislation in the UK governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

Statement of disclosure to auditors

So far as the directors are aware, there is no relevant audit information of
which the company's auditors are unaware. Additionally, the directors have
taken all the necessary steps that they ought to have taken as directors in
order to make themselves aware of all relevant audit information and to
establish that the company's auditors are aware of that information.

On behalf of the Board

Sean Ryan

Director

Date: 23 May 2014

                             St Mark Homes II Plc

      Independent Auditors' Report to the Members of St Mark Homes II PLC

We have audited the consolidated financial statements of St Mark Homes II PLC
for the year ended 31 December 2013 which compromise the consolidated Profit
and Loss account, the consolidated and company Balance Sheets, the consolidated
Cash Flow Statement and the related notes. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's members, as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been
undertaken so that we might state to the company's members those matters we are
required to state to them in an auditor's report and for no other purpose. To
the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the company and the company's members as a body, for our
audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Directors' Responsibilities Statement set out on
page 6 the directors are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view. Our
responsibility is to audit and express an opinion on the financial statements
in accordance with applicable law and International Standards on Auditing (UK
and Ireland). Those standards require us to comply with the Auditing Practices
Board's (APB's) Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the
financial statements sufficient to give reasonable assurance that the financial
statements are free from material misstatement, whether caused by fraud or
error. This includes an assessment of: whether the accounting policies are
appropriate to the company's circumstances and have been consistently applied
and adequately disclosed; the reasonableness of significant accounting
estimates made by the directors; and the overall presentation of the financial
statements. In addition we read all the financial and non-financial information
in the Strategic Report and in the Directors Report to identify material
inconsistencies with the audited financial statements and to identify any
information that is apparently materially incorrect based on, or materially
inconsistent with, the knowledge acquired by us in the course of performing our
audit. If we become aware of any apparent material misstatements or
inconsistencies we consider the implications for our report.

Opinion on the financial statements

In our opinion the financial statements:

  * give a true and fair view of the state of the company's affairs as at 31
    December 2013 and of its profit for the year then ended;

  * have been properly prepared in accordance with United Kingdom Generally
    Accepted Accounting Practice; and

  * have been prepared in accordance with the requirements of the Companies Act
    2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Strategic Report and the Directors'
Report for the financial year for which the financial statements are prepared
is consistent with the financial statements.

                             St Mark Homes II Plc

      Independent Auditors' Report to the Members of St Mark Homes II PLC

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the
Companies Act 2006 requires us to report to you if, in our opinion:

  * adequate accounting records have not been kept, or returns adequate for our
    audit have not been received from branches not visited by us; or

  * the financial statements are not in agreement with the accounting records
    and returns; or

  * certain disclosures of directors' remuneration specified by law are not
    made; or

  * we have not received all the information and explanations we require for
    our audit.

Date

Jonathan Seymour (Senior Statutory Auditor)

for and on behalf of Kingston Smith LLP, Statutory Auditor Middlesex House

800 Uxbridge Road

Hayes

Middlesex

UB4 0RS

                             St Mark Homes II Plc

                     Consolidated Profit and loss account
                      for the year ended 31 December 2013

                                                      2013        2012

                                       Note            GBP         GBP

Turnover: group and share of joint               2   1,336,644   2,238,848
venture

Less: share of joint venture turnover              (1,324,644) (2,072,063)

                                                      ________    ________

Company turnover                                        12,000     166,785

Cost of sales                                          (6,974)    (71,819)

                                                      ________    ________

Gross profit                                             5,026      94,966

Administrative expenses                              (122,600)    (93,053)

                                                      ________    ________

Operating (loss)/profit                          6   (117,574)     (1,913)

Share of operating profit in joint                     148,216     183,722
venture

Interest receivable and similar income           7     230,460      45,951

Interest payable and similar charges             8       (211)       (160)

                                                      ________    ________

Profit on ordinary activities

before taxation                                        260,891     231,426

Taxation on

ordinary activities                              9     (4,344)    (31,974)

                                                      ________    ________

Profit on ordinary activities

after taxation                                  19     256,547     199,452

                                                      ________    ________

Earnings per share - basic and diluted

`A' ordinary shares                                    Nil         Nil

Ordinary shares                                       8.67p       6.74p

All amounts relate to continuing activities.

All recognised gains and losses in the current and prior year are included in
the profit and loss account.

                             St Mark Homes II Plc

                          Consolidated Balance sheet
                              at 31 December 2013

                                      2013        2013        2012       2012

                             Note      GBP         GBP         GBP        GBP

Non Current assets

Tangible assets                 10                   1,744                 2,323

Investments in joint            15
ventures:

Share of gross assets                3,731,979               1,783,406

Share of gross liabilities         (3,675,339)             (1,679,477)

                                                    56,640               103.929

                                                    58,384               106,252

Current assets

Stock and Work In Progress      12   1,406,097                       -

Debtors                         13   1,966,094               1,147,925

Debtors - loan notes and        14           -                 823,285
accrued interest

Cash at bank and in hand             1,066,676               1,073,765

                                     4,438,867               3,044,975

Creditors: amounts falling

due within one year             16    (38,678)               (117,831)

Net current assets                               4,400,189             2,927,144

Total assets less current                        4,458,573             3,033,396
liabilities

Creditors: amounts falling

due in more than one year       17             (1,257,378)                     -

                                                 3,201,195             3,033,396

Capital and reserves

Called up share capital         18               1,478,748             1,478,748

Capital redemption reserve      19               1,009,560             1,009,518

Other reserve                   19                 211,822               211,822

Profit and loss account         19                 501,065               333,308

Shareholders' funds             20               3,201,195             3,033,396

The financial statements were approved by the board of directors and authorised
for issue on 23 May 2014.

S Ryan

Director

Company Registration No 3822978

                             St Mark Homes II Plc

                             Company Balance sheet
                              at 31 December 2013

                                       2013       2013       2012       2012

                               Note     GBP        GBP        GBP        GBP

Non Current assets

Tangible assets                   10                 1,744                 2,323

Investments                       11             2,796,040             2,796,046

                                                 2,797,784             2,798,369

Current assets

Stock and Work In Progress        12 1,406,097                     -

Debtors                           13 2,022,734             1,251,853

Debtors - loan notes and          14         -               823,285
accrued interest

Cash at bank and in hand             1,066,676             1,073,659

                                     4,495,507             3,148,797

Creditors: amounts falling

due within one year               16  (38,678)             (117,831)

Net current assets                               4,456,829             3,030,966

Total assets less current liabilities            7,254,613             5,829,335

Creditors: amounts falling

due in more than one year         17           (4,053,418)           (2,795,939)

Net assets                                       3,201,195             3,033,396

Capital and reserves

Called up share capital           18             1,478,748             1,478,748

Capital redemption reserve        19             1,009,560             1,009,518

Other reserve                     19               211,822               211,822

Profit and loss account           19               501,065               333,308

Shareholders' funds               20             3,201,195             3,033,396

The financial statements were approved by the board of directors and authorised
for issue on 23 May 2014.

Sean Ryan

Director

Company Registration No 3822978

                             St Mark Homes II Plc

                       Consolidated cash flow statement
                      for the year ended 31 December 2013

                                         2013      2013       2012      2012

                                 Note    GBP        GBP        GBP       GBP

Net cash (outflow)/inflow from

operating activities              22            (2,224,867)             214,324

Returns on investments and

servicing of finance

Interest received                       230,460               175,951

Interest paid                             (211)                 (160)

Dividend paid                          (88,748)              (81,334)

Net cash inflow from returns on

investments and servicing of                        141,501              94,457
finance

Taxation

Corporation Tax                                     (4,344)            (31,974)

Cash (outflow)/inflow before use of liquid
resources

and financing                                   (2,087,710)             276,807

Capital Expenditure and Financial Investment

Loan Notes                                          823,285             577,259

Capital Expenditure                                       -             (2,165)

                                                   ________            ________

Cash (outflow)/inflow/ before                   (1,264,425)             851,901
use of

liquid resources & financing

Financing

Increase in bank loans                  902,378                     -

Increase in subordinated loans          355,000                     -

Redemption of preference shares            (42)                     -

                                                  1,257,336                   -

(Decrease)/Increase in cash       23                (7,089)             851,901

A full set of the accounts including notes can be viewed on or downloaded from
the company website at http://www.stmarkhomes.co.uk/investors.html .

ENDS

9