Interim Results 2022

Secured Property Developments plc

Unaudited financial statements for the period from 1st January 2022 to 30th June 2022

Registered number 02055395

Chairman’s Statement

The Board following the retirement of Lubbock Fine have  appointed  Edwards Veeder as Auditors and they are currently preparing the results for the year ended 2022.

The political and economic uncertainty caused by the resignation of two Prime Ministers has resulted in a down turn in the economy.

Inflation  caused by the war in Ukraine has caused economic uncertainty and affected the property market.

The Board continues  to reduce overheads wherever possible in order to preserve cash resources.

R.A Shane
Chairman
9^th June 2023

Secured Property Developments plc

Unaudited financial statements for the period from 1^st January to 30^th June 2022      

Can be compared with those for the same period as follows:

Unaudited profit and loss account

for the period from 1^st January 2022 to 30^th June 2022

	2022	2022	2021	2021
	£	£	£	£
Turnover		-		-
Cost of sales		-		-
Gross profit		-		-
Administrative expenses		(16,446)		(15,688)
Operating (loss)/profit		(16,446)		(15,688)
Interest receivable	96		22
Interest payable	-		-
			­­­­­        _______
		96		22
(Loss) on ordinary activities before taxation		(16,350)		(15,666)
Taxation		-		-
(Loss) on ordinary activities after taxation		(16,350)		(15,666)
		======		======
(Loss) per share		(0.83)p		(0.78)p

Secured Property Developments plc

Unaudited financial statements for the period from 1^st January to 30^th June 2022      

Can be compared with those for the same period as follows:

Unaudited Balance sheet

at 30^th June 2022

	2022	2022	2021	2021
	£	£	£	£
Fixed assets
Tangible assets		-		-
Current assets
Debtors	7,650		7,419
Cash at bank and in hand	421,045		452,113
	428,695		459,532
Creditors: amounts falling due within one year	(48,896)		(37,515)
Net current assets		379,799		422,017
		________		____
Total assets less current liabilities		379,799		422,017
Creditors: amounts falling due after more than one year		-		-
Net assets		379,799		422,017
Capital and reserves
Called up share capital		418,861		418,861
Share premium account		3,473		3,473
Profit and loss account		(42,535)		(317)
Shareholders’ funds		379,799		422,017

---

---