SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report

   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 1^st January 2017 to 30^th June 2017

                                                2017     2017  2016     2016

                                                   £        £     £        £

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 taxation        (11,979)       (16,713)

Taxation                                                    -              -

(Loss) on ordinary activities after taxation         (11,979)       (16,713)

                                                       ======         ======

(Loss) per share                                      (0.60)p        (0.84)p

Unaudited Balance sheet
at 30^th June 2017

                                              2017     2017     2016     2016

                                                 £        £        £        £

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 one (48,521)          (67,765)
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