Unaudited Results for the period to 30th June 2013

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 2013 to 30th         
                                     June 2013                      
                                                     
                            Registered number 2055395              

Chairman's Statement

Gross profit has increased against the same period for last year mainly due to
lower professional fees in relation to the swap claim. As mentioned in my
statement in the 2012 report and accounts the Company is in negotiation with
Royal Bank of Scotland Plc to renew the existing bank loan facility. However
due to the updated valuation of the properties it is clear that the loan will
not be renewed at the current level. As a consequence the Company will be
looking at alternative ways of raising additional capital or mezzanine finance
including a possible rights or loan note issue. I shall report to the
shareholders on this as soon as the Board has sufficient information to make a
recommendation. Current economic trading conditions remain difficult, and the
Board continues to make every effort to maximise rental income and control
costs.

David Duffield
Chairman
20th September 2013



Secured Property Developments plc
Unaudited financial statements for the period from 1st January to 30th June 2013
Can be compared with those for the same period as follows;



Unaudited profit and loss account
for the period from 1st January 2013 to 30th June 2013

                                         2013      2013      2012         2012
                                                                               
                                            £         £         £            £
                                                                               
Turnover                                         68,500                 64,584
Cost of sales                                   (1,445)                (4,250)
                                                 ------                 ------
                                                                               
Gross profit                                     67,055                 60,334
Administrative expenses                        (51,037)               (75,234)
                                                 ------                 ------
                                                                               
Operating profit/(loss)                          16,018               (14,900)
Interest receivable                     1,160               1,407              
Interest payable                     (51,530)            (52,175)              
                                       ------              ------              
                                                                               
                                               (50,370)               (50,768)
                                                 ------                 ------
                                                                               
Loss on ordinary activities before             (34,352)               (65,668)
taxation                                                                       
                                                                               
Taxation                                              -                      -
                                                 ------                 ------
                                                                               
Loss on ordinary activities after              (34,352)               (65,668)
taxation                                                                       
                                                 ======                 ======
                                                                               
Loss per share                                  (1.77)p                (3.39)p
                                                 ======                 ======



Unaudited Balance sheet
at 30th June 2013

                                          2013        2013      2012        2012
                                                                                
                                             £           £         £           £
                                                                                
Fixed assets                                                                    
Tangible assets                                  1,550,000             2,110,000
                                                                                
Current assets                                                                  
Debtors                                 34,921                60,851            
Cash at bank and in hand               395,230               429,705            
                                        ------                ------            
                                                                                
                                       430,151               490,556            

Creditors: amounts falling due     (1,561,838)              (86,250)            
within one year                                                                 
                                        ------                ------            
                                                                                
Net current assets                             (1,131,687)               404,306
                                                    ------                ------
                                                                                
Total assets less current                          418,313             2,514,306
liabilities                                                                     
                                                    ======                ======
                                                                                
Creditors: amounts falling due                           -           (1,500,000)
after more than one year                                                        
                                                    ------                ------
                                                                                
Net assets                                         418,313             1,014,306
                                                    ======                ======
                                                                                
Capital and reserves                                                            
Called up share capital                            418,861               418,861
Share premium account                                3,473                 3,473
Revaluation reserve                                101,861               661,861
Profit and loss account                          (105,882)              (69,889)
                                                    ------                ------
                                                                                
Shareholders' funds                                418,313             1,014,306
                                                    ======                ======