Unaudited Half-yearly 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 2011 to 30th  
                                   June 2011                                   

                           Registered number 2055395                           

Chairman's Statement

Gross profit has increased due to a temporary reletting of the Group's vacant
property in Scarborough and a reduction in administrative costs. In the current
economic climate trading conditions remain difficult but every effort is being
made to take advantage of opportunities when they occur.

David Duffield

Chairman

16 September 2011






Secured Property Developments plc

Unaudited financial statements for the period from 1st January to 30th June
2011

Can be compared with those for the same period as follows;-

Unaudited profit and loss account
for the period from 1st January to 30th June 2011

                                     2011     2011     2010     2010
                                        £        £        £        £
                                                                    
Turnover                                    69,123            60,362
                                                                    
Cost of sales                              (4,646)           (4,222)
                                                                    
Gross profit                                64,477            56,140
                                                                    
Administrative expenses                   (34,938)          (41,854)
                                                                    
Operating profit                            29,539            14,286
                                                                    
Interest receivable                 1,635             2,309         
                                                                    
Interest payable                 (51,688)          (51,978)         
                                                                    
                                                                    
                                          (50,053)          (49,669)
                                                                    
Loss on ordinary activities               (20,514)          (35,383)
before taxation                                                     
                                                                    
Taxation                                         -                 -
                                                                    
Loss on ordinary activities               (20,514)          (35,383)
after taxation                                                      
                                                                    
                                            ======            ======
                                                                    
Loss per share                             (1.04)p           (1.80)p