Half-year Report

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
26^th August 2016
 

Unaudited profit and loss account
for the period from 1^st January 2016 to 30^th 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 Exceptional Item		(43,512) 21,410		(74,084) 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 taxation		(16,713)		122,917
Taxation		-		(31,270)
		_______		_______
(Loss) / Profit on ordinary activities after taxation		(16,713)		91,647
		======		======
(Loss) / Profit per share		(0.84)p		4.64p
		======		======

Unaudited Balance sheet
at 30^th 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 year	(67,765)		(259,234)
	_______		_______
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
		======		======