(''SMH'' or “the Company'')
Unaudited Interim Report for the six-month period ended
Review of operations for the six month period ended
The Directors are pleased to announce the interim results for six months ended
The Company paid an interim Ordinary share dividend of 5.5p per share in
A summary of the progress on our current projects is set out below:
The Company has invested in a regeneration property development venture at
St Mark has a 40% joint venture interest in the redevelopment of the site at
St Mark has taken a joint venture interest of up to 40% in this development of 34 all private flats located in Hounslow, West London. At the
St Mark has a joint venture interest of 40% in this development of 40 flats ( over new ground floor commercial offices ) in Wembley,
St Mark has taken a joint venture interest of 50% in this development of 36 apartments ( over new ground floor retail space ) and seven houses in Hanwell,
Signed on behalf of the board on
Unaudited Consolidated Profit and loss account and statement of comprehensive income for the six months ended
2019 2018 Group turnover 126,000 139,200 Cost of sales (14,000) (13,200) Gross Profit 112,000 126,000 Administrative expenses (222.256) (188,882) Operating Profit/(Loss) (110,256) (62,882) Negative Goodwill Released - 37,993 Share of operating profit in joint venture 135,734 17,629 Profit before interest and taxation 25,478 (7,260) Interest receivable and similar income 163,286 124,790 Interest payable and similar charges (104,357) (99,258) Profit/(Loss) on ordinary activities before taxation 84,407 18,272 Taxation on ordinary activities (16,038) 3,747 ________ ________ Profit /(Loss) on ordinary activities after taxation 68,369 22,019 ________ ________ Profit/ (Loss) per share – basic and diluted Ordinary shares 1.6p 0.5p
All amounts relate to continuing activities.
All recognised gains and losses in the current and prior period are included in the profit and loss account.
Unaudited Consolidated Balance sheet
Jun-19 Jun-19 Jun-18 Jun-18 Non Current assets Tangible assets 690 921 Current assets Debtors 7,940,030 8,765,671 Cash at bank and in hand 1,169,197 753,749 ________ ________ 9,119,227 9,519,420 Creditors: amounts falling due within one year (2,432,379) (153,315) ________ ________ Net current assets 6,686,848 9,366,105 _________ Creditors: amounts falling due in more than one year (1,122,680) (3,465,157) ________ _________ Net Assets 5,564,858 5,901,869 ________ _________ Capital and reserves Called up share capital 2,206,501 2,206,501 Capital redemption reserve 1,009,560 1,009,560 Other reserve 211,822 211,822 Share Premium 375,246 375,246 Merger Reserve 327,060 327,060 Profit and loss account 1,434,669 1,771,680 ________ ________ Shareholders’ funds 5,564,858 5,901,869 ________ ________
Notes forming part of the unaudited interim report
for the six months ended
1. Accounting Policies
The financial information contained in this unaudited interim report has been prepared on the basis of the accounting policies set out in the
2. Taxation on Profit on ordinary activities
For the purpose of this unaudited interim report, the tax charge is calculated at 19% (2018- 19%) of the taxable (loss)/profit for the period.
3. Earnings per share
Earnings per share has been calculated by dividing the profit after tax for the period of £68,369 (2018 - £16,585) by the weighted average number of ordinary shares in issue of 4,413,003 (2018 - 4,413,003).
4. Non-Statutory Financial Statements
The financial information contained in this unaudited interim report does not constitute full statutory financial statements as defined by section 240 of the Companies Act 1985.
The Directors of
- Ends –
For further information, please contact:
St Mark Homes Plc Sean Ryan, Finance Director Tel: +44 (0) 20 7903 6777 email@example.com Alfred Henry Corporate Finance Ltd, NEX Exchange Corporate Adviser Jon Isaacs/ Nick MichaelsTel: +44 (0) 20 3772 0021 www.alfredhenry.com