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 Exceptional Item		(32,461) -		(43,512) 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 year	(48,521)		(67,765)
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