Half-yearly Report 2010

SECURED PROPERTY DEVELOPMENTS PLC

             UNIT 6, ORCHARD MEWS, 42 ORCHARD ROAD, LONDON, N6 5TR  
           

              UNAUDITED RESULTS FOR THE PERIOD TO 30th JUNE 2010               

The unaudited results for the six months to 30th June 2010 can be compared with
those for the same period in 2009 and for the year to 31st December 2009 as
follows:-

                               6 months ended 6 months ended    Year ended    
                               30th June 2010 30th June 2009   31st December 2009  
                                    GBP            GBP             GBP           
                                                                           
                                                                              
TURNOVER                           60362          72052           151325      
                                                                              
Cost of Sales                      (4222)                         (10377)     
                                                                              
GROSS PROFIT                       56140          72052           140948      
                                                                              
Administrative expenses           (41854)        (29293)          (69584)     
                                                                              
OPERATING PROFIT FROM              14286          42759            71364      
CONTINUING OPERATIONS                                                         
                                                                              
Interest received                   2309           3260            5844       
                                                                              
Interest Paid                     (51978)        (50778)         (102896)     
                                                                              
(LOSS) ON ORDINARY ACTIVITIES     (35383)         (4759)          (25688)     
BEFORE TAXATION                                                               
                                                                              
Taxation                             -              -                -        
                                                                              
(LOSS) AFTER TAXATION             (35383)         (4759)          (25688)     
                                                                              
(Loss) per share                  (1.8)p.        (0.02)p          (1.3)p      

Gross profit has reduced due to one of the Group's properties becoming vacant
and a general increase 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

28th September 2010