TIDMWAFR
RNS Number : 6730K
Walls & Futures REIT PLC
17 December 2018
17 December 2018
WALLS & FUTURES REIT PLC
("Wall & Futures" or the "Company")
Half Year Results for the period to 30 September 2018
Walls & Futures REIT plc ("WAFR") the Ethical Housing REIT
providing homes for vulnerable people through Local Authorities,
Housing Association & Charities, is pleased to announce its
interim results for the six months to 30th September 2018.
Financial Highlights
-- Net Asset value ("NAV") increased to GBP3,257,107 from
GBP3,246,226 since the year end.
-- NAV per share unchanged at 92p per share since the year
end.
Joe McTaggart commented:
"Although there is increased economic and political uncertainty,
the need for Supported Housing and Extra Care places continues to
increase throughout the country.
We have identified a number of opportunities and are working
with our partners, Local Authorities, Housing Associations and
Charities, to deliver these much need places in the near
future."
Consolidated Income Statement
For the Period 31st March 2017 to 30th September 2017
6 Months to 6 Months to
30 September 30 September
2018 2017
GBP GBP
RENT RECEIVED 67,041 32,726
INCREASE IN PROPERTY VALUES - 203,333
Gross Profit 62,215 236,059
Administrative Expenses (131,638) (108,675)
____________ ____________
OPERATING PROFIT/(LOSS) (69,423) 127,384
Interest receivable and similar income 224 -
____________ ____________
PROFIT/(LOSS) BEFORE TAXATION (69,199) 127,384
Taxation - -
____________ ____________
PROFIT/(LOSS) FOR THE FINANCIAL PERIOD (69,199) 127,384
Consolidated Balance Sheet
30(th) September 2018
30 September 2018 30 September 2017
GBP GBP GBP GBP
FIXED ASSETS
Investment Property 3,025,00 2,873,109
CURRENT ASSETS
Cash at Bank 228,710 237,194
Debtors and Prepayments 5,764 6,863
234,474 244,057
CREDITORS
Amounts falling due within
one year (2,367) (12,812)
NET CURRENT ASSETS 232,107 231,245
TOTAL ASSETS LESS CURRENT
LIABILITIES 3,257,107 3,104,354
PROVISION FOR LIABILITIES - -
NET ASSETS 3,257,107 3,104,353
CAPITAL AND RESERVES
Called up share capital 180,611 164,511
Share Premium 3,412,297 3,125,714
Retained Earnings (504,134) (185,871)
3,257,107 3,104,354
The above figures have not been reviewed by the Company's
auditors.
The directors of the issuer accept responsibility for the
contents of this announcement.
For further information, contact:
Walls & Futures REIT PLC
Joe McTaggart, Chief Executive
0333 700 7171
Website www.wallsandfutures.com
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve
020 3328 5656
About Walls & Futures REIT plc
Walls & Futures is an Ethical Housing REIT providing
Supported Housing & Extra Care homes through Local Authorities,
Housing Association & Charities.
We collaborate with our customers, including charities and
housing associations, to design, fund, build and deliver quality
homes that are sustainable in terms of their environmental impact,
energy efficiency and financially viability.
Our aim is to generate a measurable and beneficial social impact
alongside a financial return, which is to deliver a long-term
annual net return of 7-9% of which 3-4% will be paid in the form of
a dividend.
Walls & Futures REIT plc was named "Impact Company of the
Year" at the 2018 NEX Exchange Small Cap Awards.
Walls & Futures is quoted on the NEX Exchange Growth Market
(Ticker: WAFR) and is a member of the Social Stock Exchange and
Impact Investment Network.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NEXZMMMZGNZGRZM
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