Secured Property Developments Plc Half-year Report
August 26 2016 - 6:00AM
UK Regulatory
TIDMSPD
Secured Property Developments plc
Unaudited financial statements for the
period from 1st January 2016 to
30th June 2016
Registered number 2055395
Chairman's Statement
Following the vote to leave the European Union, market sentiment continues to
remain uncertain with continued volatility in both the equities and property
markets.
However, the Board will continue to monitor suitable opportunities to develop
and/or invest in, including possible funding of property developments, in order
to enhance shareholder value
John Townsend
Chairman
26th August 2016
Unaudited profit and loss account
for the period from 1st January 2016 to 30th June 2016
2016 2016 2015 2015
GBP GBP GBP GBP
Turnover 7,000 48,668
Cost of sales (2,877) (1,618)
_______ _______
Gross profit 4,123 47,050
Administrative expenses (43,512) (74,084)
Exceptional Item 21,410 159,620
Operating (loss)/profit (17,979) 132,586
Interest receivable 1,266 1,431
Interest payable - (11,100)
_______ _______
1,266 (9,669)
_______ _______
(Loss) / Profit on ordinary (16,713) 122,917
activities before taxation
Taxation - (31,270)
_______ _______
(Loss) / Profit on ordinary (16,713) 91,647
activities after taxation
====== ======
(Loss) / Profit per share (0.84)p 4.64p
====== ======
Unaudited Balance sheet
at 30th June 2016
2016 2016 2015 2015
GBP GBP GBP GBP
Fixed assets
Tangible assets - 300,000
Current assets
Debtors 6,405 22,902
Cash at bank and in hand 760,227 621,387
_______ _______
766,632 644,289
Creditors: amounts falling due (67,765) (259,234)
within one year
_______ _______
Net current assets 698,867 385,055
________ ________
Total assets less current 698,867 685,055
liabilities
Creditors: amounts falling due - -
after more than one year
_______ _______
Net assets 698,867 685,055
====== ======
Capital and reserves
Called up share capital 418,861 418,861
Share premium account 3,473 3,473
Revaluation reserve - 3,742
Profit and loss account 276,533 258,979
_______ _______
Shareholders' funds 698,867 685,055
====== ======
END
(END) Dow Jones Newswires
August 26, 2016 06:00 ET (10:00 GMT)