Half-year Report

Secured Property Developments plc
Unaudited financial statements for the period from 1st January 2018 to
30th June 2018
Registered number 2055395

Chairman’s Statement

Economic uncertainty and political turmoil continues as a result of Brexit and the trade wars started by the US and a number of vendors still remain unrealistic in terms of pricing.


 

While the auction rooms have seen large numbers of investors switching from buy-to-let residential to commercial investments, conditions still remain challenging with investors becoming much more cautious.


 

While a number of opportunities have presented 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 next six months.

John P Townsend

CHAIRMAN

16th July 2018

Unaudited profit and loss account

for the period from 1st January 2018 to 30th June 2018

2018 2018 2017 2017
£ £ £ £
Turnover - -
Cost of sales - -
                           
Gross profit - -
Administrative expenses
Exceptional Item
(47,785)
-
(32,461)
-
             
Operating (loss)/profit (47,785) (32,461)
Interest receivable 13,462 20,482
Interest payable - -
              Â­Â­Â­Â­Â­ _______                  
13,462 20,482
                           
(Loss) on ordinary activities before taxation (34,323) (11,979)
Taxation - -
                           
(Loss) on ordinary activities after taxation (34,323) (11,979)
======         ======
(Loss) per share           (1.72)p (0.60)p
                           

Unaudited Balance sheet

at 30th June 2018

2018 2018 2017 2017
£ £ £ £
Fixed assets
Tangible assets - -
Current assets
Debtors 18,740 414,735
Cash at bank and in hand 627,308 310,443
                           
646,048 725,178
Creditors: amounts falling due within one year (34,614) (48,521)
                        
Net current assets 611,434 676,657
________    ________   
Total assets less current liabilities 611,434 676,657
Creditors: amounts falling due after more than one year - -
                           
Net assets 611,434 676,657
             
Capital and reserves
Called up share capital 418,861 418,861
Share premium account 3,473 3,473
Profit and loss account 189,100 254,323
                           
Shareholders’ funds 611,434 676,657
                           
UK 100

Latest directors dealings