SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report

SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report

PR Newswire

London, October 14

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 1^stJanuary 2019 to 30^thJune 2019
Registered number 2055395

Chairman's Statement

We continue to be frustrated by the lack of suitable propositions in our price range with competition as fierce as ever.

We had hoped that the ongoing uncertainty over Brexit might have dampened the market sufficiently to enable us to recommend a purchase, but if anything, the sub million pound market has got even stronger, as investors search for a safe haven for their hard earned cash.

We will continue to trawl the auction and private treaty markets in the hope that something will eventually fall into place.

John P Townsend
CHAIRMAN
7^thOctober 2019

Unaudited profit and loss account
for the period from 1^stJanuary 2019 to 30^thJune 2019

	2019	2019	2018	2018
	£	£	£	£
Turnover		-		-
Cost of sales		-		-
		________		________
Gross profit		-		-
Administrative expenses Exceptional Item		(43,076) -		(47,785) -
		________		________
Operating (loss)/profit		(43,076)		(47,785)
Interest receivable	-		13,462
Interest payable	-		-
	________		________
		-		13,462
		________		________
(Loss) on ordinary activities before taxation		(43,076)		(34,323)
Taxation		-		-
		________		________
(Loss) on ordinary activities after taxation		(43,076)		(34,323)
		========		========
(Loss) per share		(2.16)p		(1.72)p
		========		========

Secured Property Developments plc
Unaudited financial statements for the period from 1^st January to 30^thJune 2019
Can be compared with those for the same period as follows:-

Unaudited Balance sheet
at 30^thJune 2019

	2019	2019	2018	2018
	£	£	£	£
Fixed assets
Tangible assets		-		-
Current assets
Debtors	7,693		18,740
Cash at bank and in hand	536,749		627,308
	________		________
	544,442		646,048
Creditors: amounts falling due within one year	(33,503)		(34,614)
	________		________
Net current assets		510,939		611,434
		________		________
Total assets less current liabilities		510,939		611,434
Creditors: amounts falling due after more than one year		-		-
		________		________
Net assets		510,939		611,434
		========		========
Capital and reserves
Called up share capital		418,861		418,861
Share premium account		3,473		3,473
Profit and loss account		88,605		189,100
		________		________
Shareholders' funds		510,939		611,434
		========		========