SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report
August 09 2017 - 9:00AM
PR Newswire (US)
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 1st January 2017 to
30th June 2017 |
| Registered number
2055395 |
|
|
Chairman’s Statement
Political and economic uncertainty continues but demand
continues to outstrip supply in all areas making it difficult to
compete at the right level.
While a number of opportunities continue to present 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 year.
John P Townsend
CHAIRMAN
3rd August 2017
Unaudited profit and loss account
for the period from 1st
January 2017 to 30th June
2017
|
2017 |
2017 |
2016 |
2016 |
|
£ |
£ |
£ |
£ |
|
|
|
|
|
| Turnover |
|
- |
|
7,000 |
| Cost of sales |
|
- |
|
(2,877) |
|
|
|
|
|
| Gross profit |
|
- |
|
4,123 |
Administrative
expenses
Exceptional Item |
|
(32,461)
- |
|
(43,512)
21,410 |
|
|
|
|
|
|
|
|
|
|
| Operating (loss)/profit |
|
(32,461) |
|
(17,979) |
| Interest receivable |
20,482 |
|
1,266 |
|
| Interest
payable |
- |
|
- |
|
|
|
|
|
|
|
|
20,482 |
|
(1,266) |
|
|
|
|
|
| (Loss) on ordinary activities
before taxation |
|
(11,979) |
|
(16,713) |
| Taxation |
|
- |
|
- |
|
|
|
|
|
| (Loss) on ordinary activities
after taxation |
|
(11,979) |
|
(16,713) |
|
|
====== |
|
====== |
| (Loss) per share |
|
(0.60)p |
|
(0.84)p |
|
|
|
|
|
Unaudited Balance sheet
at 30th June 2017
|
2017 |
2017 |
2016 |
2016 |
|
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
| Tangible assets |
|
- |
|
- |
|
|
|
|
|
| Current assets |
|
|
|
|
| Debtors |
414,735 |
|
6,405 |
|
| Cash at bank and in hand |
310,443 |
|
760,227 |
|
|
|
|
|
|
|
725178 |
|
766,632 |
|
|
|
|
|
|
| Creditors: amounts falling
due within one year |
(48,521) |
|
(67,765) |
|
|
|
|
|
|
| Net current assets |
|
676,657 |
|
698,867 |
|
|
________ |
|
________ |
| Total assets less current
liabilities |
|
676,657 |
|
698,867 |
|
|
|
|
|
| Creditors:
amounts falling due after more than one year |
|
- |
|
- |
|
|
|
|
|
| Net assets |
|
676,657 |
|
698,867 |
|
|
|
|
|
| Capital and reserves |
|
|
|
|
| Called up share capital |
|
418,861 |
|
418,861 |
| Share premium account |
|
3,473 |
|
3,473 |
|
|
|
|
|
| Profit and loss account |
|
254,323 |
|
276,533 |
|
|
|
|
|
| Shareholders’ funds |
|
676,657 |
|
698,867 |
|
|
|
|
|
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