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 1^st January 2019 to 30^th June 2019
Registered number 2055395

Chairman’s Statement

We continue to be frustrated by the lack of suitable propositions in our price range with competition as fierce as ever.

We had hoped that the ongoing uncertainty over Brexit might have dampened the market sufficiently to enable us to recommend a purchase, but if anything, the sub million pound market has got even stronger, as investors search for a safe haven for their hard earned cash.

We will continue to trawl the auction and private treaty markets in the hope that something will eventually fall into place.

John P Townsend
CHAIRMAN
7^th October 2019

Unaudited profit and loss account
for the period from 1^st January 2019 to 30^th June 2019

                                                 2019     2019     2018     2018

                                                    £        £        £        £

Turnover                                                     -                 -

Cost of sales                                                -                 -

                                                      ________          ________

Gross profit                                                 -                 -

Administrative expenses                               (43,076)          (47,785)
Exceptional Item                                             -                 -

                                                      ________          ________

Operating (loss)/profit                               (43,076)          (47,785)

Interest receivable                                 -            13,462

Interest payable                                    -                 -

                                             ________          ________

                                                             -            13,462

                                                      ________          ________

(Loss) on ordinary activities before                  (43,076)          (34,323)
taxation

Taxation                                                     -                 -

                                                      ________          ________

(Loss) on ordinary activities after taxation          (43,076)          (34,323)

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

(Loss) per share                                       (2.16)p           (1.72)p

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

Secured Property Developments plc
Unaudited financial statements for the period from 1^st January to 30^th June 2019
Can be compared with those for the same period as follows:-

Unaudited Balance sheet
at 30^th June 2019

                                              2019     2019     2018     2018

                                                 £        £        £        £

Fixed assets

Tangible assets                                           -                 -

Current assets

Debtors                                      7,693            18,740

Cash at bank and in hand                   536,749           627,308

                                          ________          ________

                                           544,442           646,048

Creditors: amounts falling due within one (33,503)          (34,614)
year

                                          ________          ________

Net current assets                                  510,939           611,434

                                                   ________          ________

Total assets less current liabilities               510,939           611,434

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

                                                   ________          ________

Net assets                                          510,939           611,434

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

Capital and reserves

Called up share capital                             418,861           418,861

Share premium account                                 3,473             3,473

Profit and loss account                              88,605           189,100

                                                   ________          ________

Shareholders’ funds                                 510,939           611,434

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