Secured Property Developments Plc Interim Results 2022

 
TIDMSPD 
 
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   Secured Property Developments plc 
 Unaudited financial statements for the 
period from 1[st] January 2022 to 30[th] 
               June 2022 
       Registered number 02055395 
 
Chairman's Statement 
 
The Board following the retirement of Lubbock Fine have  appointed  Edwards 
Veeder as Auditors and they are currently preparing the results for the year 
ended 2022. 
 
The political and economic uncertainty caused by the resignation of two Prime 
Ministers has resulted in a down turn in the economy. 
 
Inflation  caused by the war in Ukraine has caused economic uncertainty and 
affected the property market. 
 
The Board continues  to reduce overheads wherever possible in order to preserve 
cash resources. 
 
R.A Shane 
Chairman 
9[th] June 2023 
 
Secured Property Developments plc 
 
Unaudited financial statements for the period from 1[st] January to 30[th] June 
2022 
 
Can be compared with those for the same period as follows: 
 
Unaudited profit and loss account 
 
for the period from 1[st] January 2022 to 30[th] June 2022 
 
                     2022  2022      2021                               2021 
                     £     £         £                                  £ 
 
Turnover                   -                                            - 
Cost of sales              -                                            - 
 
Gross profit               -                                            - 
Administrative             (16,446)                                     (15,688) 
expenses 
 
Operating                  (16,446)                                     (15,688) 
(loss)/profit 
Interest receivable  96              22 
Interest payable     -               - 
                                      ­­­­­ 
                                     _______ 
 
                           96                                           22 
 
(Loss) on ordinary         (16,350)                                     (15,666) 
activities before 
taxation 
Taxation                   -                                            - 
 
(Loss) on ordinary         (16,350)                                     (15,666) 
activities after 
taxation 
                           ======                                       ====== 
(Loss) per share           (0.83)p                                      (0.78)p 
 
Secured Property Developments plc 
 
Unaudited financial statements for the period from 1[st] January to 30[th] June 
2022 
 
Can be compared with those for the same period as follows: 
 
Unaudited Balance sheet 
 
at 30[th] June 2022 
 
                            2022      2022              2021      2021 
                            £         £                 £         £ 
Fixed assets 
Tangible assets                       -                           - 
 
Current assets 
Debtors                     7,650                       7,419 
Cash at bank and in hand    421,045                     452,113 
 
                            428,695                     459,532 
 
Creditors: amounts falling  (48,896)                    (37,515) 
due within one year 
 
Net current assets                    379,799                     422,017 
                                      ________                         ____ 
 
Total assets less current             379,799                     422,017 
liabilities 
 
Creditors: amounts falling            -                           - 
due after more than one 
year 
 
Net assets                            379,799                     422,017 
 
Capital and reserves 
Called up share capital               418,861                     418,861 
Share premium account                 3,473                       3,473 
 
Profit and loss account               (42,535)                    (317) 
 
Shareholders' funds                   379,799                     422,017 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

June 09, 2023 09:00 ET (13:00 GMT)