Skip to content

SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report


Announcement provided by

Secured Property Developments plc · SPD

26/08/2016 12:00

SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report PR Newswire

Secured Property Developments plc

Unaudited financial statements for the
period from 1st January 2016 to
30th June 2016

Registered number 2055395

Chairman’s Statement

Following the vote to leave the European Union, market sentiment continues to remain uncertain with continued volatility in both the equities and property markets.

However, the Board will continue to monitor suitable opportunities to develop and/or invest in, including possible funding of property developments, in order to enhance shareholder value

John Townsend
Chairman
26th August 2016
 

Unaudited profit and loss account
for the period from 1st January 2016 to 30th June 2016


                                                 2016     2016     2015     2015

                                                    £        £        £        £

Turnover                                                 7,000            48,668

Cost of sales                                          (2,877)           (1,618)

                                                       _______           _______

Gross profit                                             4,123            47,050

Administrative expenses                               (43,512)          (74,084)
Exceptional Item                                        21,410           159,620

Operating (loss)/profit                               (17,979)           132,586

Interest receivable                             1,266             1,431

Interest payable                                    -          (11,100)

                                              _______          _______

                                                         1,266           (9,669)

                                                       _______           _______

(Loss) / Profit on ordinary activities before         (16,713)           122,917
taxation

Taxation                                                     -          (31,270)

                                                       _______           _______

(Loss) / Profit on ordinary activities after          (16,713)            91,647
taxation

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

(Loss) / Profit per share                              (0.84)p             4.64p

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




Unaudited Balance sheet
at 30th June 2016


                                              2016     2016      2015     2015

                                                 £        £         £        £

Fixed assets

Tangible assets                                           -            300,000

Current assets

Debtors                                      6,405             22,902

Cash at bank and in hand                   760,227            621,387

                                           _______            _______

                                           766,632            644,289

Creditors: amounts falling due within one (67,765)          (259,234)
year

                                           _______            _______

Net current assets                                  698,867            385,055

                                                   ________           ________

Total assets less current liabilities               698,867            685,055

Creditors: amounts falling due after more                 -                  -
than one year

                                                    _______            _______

Net assets                                          698,867            685,055

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

Capital and reserves

Called up share capital                             418,861            418,861

Share premium account                                 3,473              3,473

Revaluation reserve                                       -              3,742

Profit and loss account                             276,533            258,979

                                                    _______            _______

Shareholders’ funds                                 698,867            685,055

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



View more ...

SPD announcementsAll announcements

Company

  • About
  • News
  • Investor Relations
  • Contact
  • Careers

© Aquis Exchange 2023. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal