Frasers Group PLC

Net Asset Value • Jul 20, 2018

National Storage Mechanism | Additional information

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SECURED PROPERTY DEVELOPMENTS PLC - Half-year Report

PR Newswire

London, July 19

Secured Property Developments plc
Unaudited financial statements for the period from 1st January 2018 to 30th June 2018
Registered number 2055395

Chairman’s Statement

Economic uncertainty and political turmoil continues as a result of Brexit and the trade wars started by the US and a number of vendors still remain unrealistic in terms of pricing.

While the auction rooms have seen large numbers of investors switching from buy-to-let residential to commercial investments, conditions still remain challenging with investors becoming much more cautious.

While a number of opportunities have presented 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 next six months.

John P Townsend

CHAIRMAN

16th July 2018

Unaudited profit and loss account

for the period from 1st January 2018 to 30th June 2018

	2018	2018	2017	2017
	£	£	£	£
Turnover		-		-
Cost of sales		-		-
Gross profit		-		-
Administrative expenses Exceptional Item		(47,785) -		(32,461) -
Operating (loss)/profit		(47,785)		(32,461)
Interest receivable	13,462		20,482
Interest payable	-		-
			­­­­­ _______
		13,462		20,482
(Loss) on ordinary activities before taxation		(34,323)		(11,979)
Taxation		-		-
(Loss) on ordinary activities after taxation		(34,323)		(11,979)
		\======		======
(Loss) per share		(1.72)p		(0.60)p

Unaudited Balance sheet

at 30th June 2018

	2018	2018	2017	2017
	£	£	£	£
Fixed assets
Tangible assets		-		-
Current assets
Debtors	18,740		414,735
Cash at bank and in hand	627,308		310,443
	646,048		725,178
Creditors: amounts falling due within one year	(34,614)		(48,521)
Net current assets		611,434		676,657
		________		________
Total assets less current liabilities		611,434		676,657
Creditors: amounts falling due after more than one year		-		-
Net assets		611,434		676,657
Capital and reserves
Called up share capital		418,861		418,861
Share premium account		3,473		3,473
Profit and loss account		189,100		254,323
Shareholders’ funds		611,434		676,657