Interim Results

SpaceandPeople PLC
Company Registration Number SC212277


INTERIM REPORT AND ACCOUNTS FOR THE 6 MONTHS TO 30 APRIL 2005

SpaceandPeople PLC, which facilitates and manages the sale of
promotional space in malls and shopping centres, announces
interim results for the six months ended 30 April 2005.


Highlights:
Billings up 53% to £3,265,496 (£2,124,848)
Turnover up by 30% to £605,137 (£464,449)
Pre tax profits up 18% to £90,506 (£76,269)
Venues represented increased by 5%
Plans for exploiting concept overseas
Outlook encouraging

                                                                                               Chairman's Statement


Following the Company's admission to AIM on 31 December 2004,
I am pleased to report that in the first six months of the
current year billings rose to £3,265,496 (2004 - £2,124,848).
Turnover rose by 30% to £605,137 (£464,049) and net profits
before tax increased by 18% to £90,506 (£76,269).
The number of venues serviced by SpaceandPeople rose by 5%
and the company currently represents 126 venues.
During the course of the last 6 months the company decided
to make a significant investment in staffing, software
and office accommodation with a view to:

1.  increasing the rate of acquisition of new venues;
2.  improving the deployment of our sales force and its productivity;
3.  executing large scale events targeted at specific market
    opportunities.

To date the success of the first two of these changes has been
evidenced by the fact that we now have 75 new venues in our
pipeline and sales have increased significantly.  The development
of a programme of large scale events is well underway.
The company has employed the former Director of Sales of the
Scottish Exhibition and Conference Centre in Glasgow to manage
large scale activity.  We are currently holding discussions with two
other prestigious UK locations in this respect.
The board is confident that the investments made will lead to an
increase in future profits and will facilitate the development
of new income streams.
The public flotation of SpaceandPeople on AIM in December 2004 has
increased our profile within both the property and media sectors
and has generated some interesting leads which we will develop
over the ensuing months.
Finally I should report that we are now in discussions with
potential partners with whom we hope to exploit the SpaceandPeople
concept overseas.
In line with previous years we will not be paying an interim
dividend to shareholders although it is our intention to recommend
a final dividend.

Jeremy Arnold         July 11, 2005
Chairman

Contact details
Jeremy Arnold         Chairman                          tel [phone]
Matthew Bending       Joint Managing Director           tel [phone]
Nancy Cullen          Joint Managing Director           tel [phone]
AIM Dealing Code      Stock Exchange Code;              SAL


Website               www.spaceandpeople.com


INDEPENDENT REVIEW REPORT TO SPACEANDPEOPLE PLC

Introduction We have been instructed by the company to review the financial
information which comprises the profit and loss account, the balance sheet, the
cash flow statement and the related notes.  We have read the other information
contained in the interim report and considered whether it contains any apparent
misstatements or material inconsistencies with the financial information.

Directors' responsibilities The interim report, including the financial
information contained therein, is the responsibility of and has been approved by
the Directors.  The Directors are responsible for preparing the interim report
in accordance with the AIM Rules of the London Stock Exchange which require that
the accounting policies and presentation applied to the interim figures should
be consistent with those applied in preparing the preceding annual accounts
except where any changes, and the reasons for them, are disclosed.

Review work performed We conducted our review in accordance with guidance
contained in Bulletin 1999/4 issued by the Auditing Practices Board for use in
the United Kingdom.  A review consists principally of making enquiries of
company management and applying analytical procedures to the financial
information and underlying financial data and, based thereon, assessing whether
the accounting policies and presentation have been consistently applied unless
otherwise disclosed.  A review excludes audit procedures such as tests of
controls and verification of assets, liabilities and transactions.  It is
substantially less in scope than an audit performed in accordance with United
Kingdom Auditing Standards and therefore provides a lower level of assurance
than an audit.  Accordingly we do not express an audit opinion on the financial
information.  This report, including the conclusion, has been prepared for and
only for the company for the purpose of the AIM Rules of the London Stock
Exchange and for no other purpose.  We do not, in producing this report, accept
or assume responsibility for any other purpose or to any other person to whom
this report is shown or into whose hands it may come save where expressly agreed
by our prior consent in writing.

Review conclusion On the basis of our review, we are not aware of any material
modifications that should be made to the financial information as presented for
the six months ended 30 April 2005.

Robb Ferguson, Chartered Accountants

5 Oswald Street, GLASGOW G1 4QR

July 11, 2005

Notes(a)The maintenance and integrity of the SpaceandPeople PLC website is the
responsibility of the Directors; the work carried out by Robb Ferguson,
Chartered Accountants does not involve consideration of these matters and,
accordingly, Robb Ferguson, Chartered Accountants accept no responsibility for
any changes that may have occurred to the interim report since it was initially
presented on the website.(b)Legislation in the United Kingdom governing the
preparation and dissemination of financial information may differ from
legislation in other jurisdictions.

  SpaceandPeople Plc

  Profit and Loss Account



                             6 Months to   6 Months to  Year ended

                              30-Apr-05     30-Apr-04    31-Oct-04

                             (Unaudited)   (Unaudited)   (Audited)






                   TURNOVER       605,137       464,449   1,033,723
    Administrative expenses       522,761       389,032     844,913

                                   82,376        75,417     188,810
     Other operating income             -             -         310

           OPERATING PROFIT        82,376        75,417     189,120

    Interest receivable and         8,130         2,022       7,661
             similar income
                                   90,506        77,439     196,781
       Interest payable and             -         1,170       1,264
            similar charges



         PROFIT ON ORDINARY        90,506        76,269     195,517
   ACTIVITIES BEFORE TAXATION

    Tax on profit on ordinary          -             -           -
                 activities
                                                                                                        PROFIT FOR THE
FINANCIAL      90,506        76,269     195,517
      PERIOD AFTER TAXATION

                    Dividends           -             -      56,000

                                   90,506        76,269     139,517

  Retained profit/(deficit)         5,417      (424,281)   (424,281)
            brought forward
                                   95,923      (348,012)   (284,764)

Transfer from share premium             -             -     290,181

  SURPLUS/(DEFICIT) CARRIED        95,923      (348,012)      5,417
                    FORWARD
         Earnings per share          0.8p          0.8p       16.6p


 Diluted earnings per share         0.79p         0.79p      15.62p




  SpaceandPeople Plc

  Balance Sheet
                                30-Apr-05     30-Apr-04    31-Oct-04

                               (Unaudited)   (Unaudited)   (Audited)

FIXED ASSETS:


          Intangible assets           145         1,456         517

            Tangible assets        24,875        23,298      17,344

                Investments        10,002             -      10,002
                                   35,022        24,754      27,863

            CURRENT ASSETS:

                    Debtors       345,553       276,316     321,201

   Cash at bank and in hand       274,353       145,389     280,435

                                  619,906       421,705     601,636

  CREDITORS: Amount falling       212,196       159,481     279,273
        due within one year

        NET CURRENT ASSETS:       407,710       262,224     322,363

  TOTAL ASSETS LESS CURRENT       442,732       286,978     350,226
               LIABILITIES:

      CAPITAL AND RESERVES:

    Called up share capital       114,000        11,200     112,000

            Special reserve       232,809       623,790     232,809

    Profit and loss account        95,923      (348,012)      5,417

       SHAREHOLDERS' FUNDS:       442,732       286,978     350,226

 Reconciliation of movement
     in shareholders' funds

      Profit for the period        90,506        76,269     195,517

                  Dividends             -             -     (56,000)

                                   90,506        76,269     139,517

New shares issued in period         2,000             -           -

            Net addition to        92,506        76,269     139,517
         shareholders'funds

Opening shareholders' funds       350,228       210,709     210,709

CLOSING SHAREHOLDERS' FUNDS       442,732       286,978     350,226

           EQUITY INTERESTS       442,732       286,978     350,226



  SpaceandPeople Plc

  Cash Flow Statement



                                6 Months to   6 Months to   Year ended
                                 30-Apr-05     30-Apr-04     31-Oct-04
                                (Unaudited)   (Unaudited)    (Audited)
                                   £               £             £


    Net cash(outflow)/inflow       (2,458)        33,603       283,522
   from operating activities

  Returns on investments and        8,130           852         6,397
        servicing of finance

         Capital expenditure      (13,748)       (5,799)      (16,892)
    and financial investment

        Equity dividends paid           -             -       (56,000)

                                   (8,074)        28,656       28,606

                   Financing        2,000              -      (53,333)

 (Decrease)/Increase in cash       (6,074)        28,656      163,694
               in the period


  Reconciliation of net cash
     flow to movement in net
                       funds



 (Decrease)/Increase in cash       (6,074)        28,656       163,694
               in the period

         Change in net funds       (6,074)        28,656       163,694
   resulting from cash flows

    Movement in net funds in       (6,074)        28,656       163,694
                  the period

   Net funds at beginning of       280,427       116,733       116,733
                      period

  Net funds at end of period       274,353       145,389       280,427



 Reconciliation of operating
          profit to net cash

            Operating profit      (82,376)        75,417       189,120

        Depreciation charges        6,586          5,464        13,448

         Increase in debtors      (24,351)       (50,183)      (95,068)

      (Decrease)/Increase in      (67,069)         2,905       176,022
                   creditors


   Net cash (outflow)/inflow       (2,458)        33,603       283,522
   from operating activities




SpaceandPeople PLC

Notes to the Interim Report and Accounts
for the 6 months to 30 April 2005

NOTE 1: The interim report and accounts, which were approved by the
board on July 11, 2005, are unaudited but have been reviewed
by the auditors and their independent review report is set out
on page 3.  The interim report and accounts are not full accounts
within the meaning of Section 240 of the Companies Act 1985.
The figures for the year ended 31st October, 2004 have been
extracted from the Company's full accounts for that year,
which received an unqualified Auditors' Report that did not
contain a statement under section 237(2) or (3) of the
Companies Act 1985. The accounts for the year ended
31st October, 2004, have been filed with the Registrar of Companies.


NOTE 2: The interim statement has been prepared in accordance
with the accounting policies set out in the Company's Annual
Report and Accounts for the year ended 31st October, 2004.

NOTE 3: Earnings per share

                          6 Months to     6 Months to      Year ended
                           30-Apr-05      30-Apr-04         31-Oct-04
                          (Unaudited)    (Unaudited)        (Audited)

Weighted average
number of 1p               11,333,333     1,120,000         1,175,233
Ordinary Shares:

For basic earnings
per share

Effect of dilutive
share options:

For diluted                11,496,333     1,121,062         1,190,031
earnings per share


NOTE 4: DISTRIBUTION
Copies of this interim report and accounts are being sent to
all shareholders and additional copies are available from the
Company's registered office at 141 St James Road, Glasgow G40LT.