![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
St Mark Homes PLC | AQSE:SMAP | Aquis Stock Exchange | Ordinary Share | GB0033501445 | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-5.00 | -10.00% | 45.00 | 20.00 | 60.00 | 50.00 | 35.00 | 50.00 | 0.00 | 15:29:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSMAP 19 September 2018 St Mark Homes Plc ("SMH" or "the Company") Unaudited Interim Report for the six-month period ended 30 June 2018 Review of operations for the six-month period ended 30 June 2018 The Directors are pleased to announce the interim results for six months ended 30 June 2018. The company continues to trade profitably as a residential and mixed-use property developer. The Directors are pleased to report a pre-tax profit of GBP18,272 (2017 - GBP 210,976) for the period. The Company paid an interim Ordinary share dividend of 5.5p per share on 20 July 2018 (2017 - 5.5p). This dividend was not accrued in the accounts at 30 June 2018. The net assets per share stands at 134 pence (2017 - 136p) at the end of this interim reporting period. A summary of the progress on our current projects is set out below: Sutton High Street, Sutton The Company has invested in a regeneration property development venture at Sutton High Street. Phase I of the development project (consisting of 41 residential units over ground floor retail space) was completed in October 2016). All residential units have been sold on this first phase. The Company retains an interest in the commercial space and the neighbouring derelict old Prince Regent public house site. The Company is currently engaged in the planning process for regeneration and in association with our development partner are appealing the local authority's refusal to grant planning permission for a new build development of 35 residential units over ground floor commercial / retail space. Gwynne Road, London, SW11 St Mark has taken a 40% joint venture interest in the redevelopment of the site at 55- 66 Gwynne Road. Construction of this mixed-use scheme (33 residential flats over ground and first floor commercial/retail space) is progressing well and is forecast for completion in early 2019. Contracts have been exchanged 11 of the 33 residential units (representing the affordable / social housing element of the scheme). Marketing of the private element of the scheme will commence in the Autumn of 2018. London Road, Hounslow, TW3 St Mark has taken a joint venture interest of up to 40% in this development of 34 all private flats in Hounslow, West London. Construction is now practically complete. Sales on 7 No units have been secured off plan and these are expected to complete in late September 2018. A show-home to coincide with the commencement of a marketing campaign was launched in mid-July and to date a total of 9 No further sales have since been agreed. Heron House, Wembley, HA9 St Mark has taken a joint venture interest of up to 40% in this development of 40 flats (over new ground floor commercial offices) in Wembley, Middlesex. Construction is set to commence in Spring 2019 and is scheduled to be complete in the latter part of 2020. Signed on behalf of the board S Ryan Director Unaudited Consolidated Profit and loss account and statement of comprehensive income for the six months ended 30 June 2018 2018 2017 GBP Group turnover 139,200 71,325 Cost of sales (13,200) (10,806) Gross Profit 126,000 60,519 Administrative expenses (188,882) (117,847) Operating Profit/(Loss) (62,882) (57,328) Negative Goodwill Released 37,993 104,789 Share of operating profit in joint venture 17,629 30,220 Profit before interest and taxation (7,260) 77,681 Interest receivable and similar income 124,108 133,409 Interest payable and similar charges (99,258) (114) Profit/(Loss) on ordinary activities before 18,272 210,976 taxation Taxation on ordinary activities 3,747 (20,441) ________ _________ Profit /(Loss) on ordinary activities after 22,019 190,535 taxation ________ _________ Profit/ (Loss) per share - basic and diluted Ordinary shares 0.5p 4.3p All amounts relate to continuing activities. All recognised gains and losses in the current and prior period are included in the profit and loss account. Unaudited Consolidated Balance sheet at 30 June 2018 Jun-18 Jun-18 Jun-17 Jun-17 GBP GBP Non-Current assets Tangible assets 920 1,227 Current assets Debtors 8,765,671 5,219,842 Cash at bank and in hand 753,749 955,349 ________ ________ 9,519,420 6,171,191 Creditors: amounts falling due within one year (153,315) (186,492) ________ _________ Net current assets 9,366,105 5,988,699 _________ _________ Creditors: amounts falling due in more than one year (3,465,156) - _________ _________ Net Assets 5,901,869 5,989,926 _________ _________ Capital and reserves Called up share capital 2,206,501 2,206,501 Capital redemption reserve 1,009,560 1,009,560 Other reserve 211,822 211,822 Share Premium 375,426 375,246 Merger Reserve 327,060 327,060 Profit and loss account 1,771,680 1,859,737 ________ _________ Shareholders' funds 5,901,869 5,989,926 ________ _________ Notes forming part of the unaudited interim report for the six months ended 30 June 2018 1. Accounting Policies The financial information contained in this unaudited interim report has been prepared on the basis of the accounting policies set out in the St Mark Homes PLC audited financial statements for the year ended 31 December 2017, which have been applied consistently. The financial statements for the year ended 31 December 2017 have been filed at Companies House. The company's auditors Kingston Smith LLP have not reviewed these interim accounts. 2. Taxation on Profit on ordinary activities For the purpose of this unaudited interim report, the tax charge is calculated at 19% (2017- 19.25%) of the taxable (loss)/profit for the period. 3. Earnings per share Earnings per share has been calculated by dividing the profit after tax for the period of GBP16,585 by the weighted average number of ordinary shares in issue of 4,413,003. 4. Non-Statutory Financial Statements The financial information contained in this unaudited interim report does not constitute full statutory financial statements as defined by section 240 of the Companies Act 1985. The Directors of St Mark Homes PLC accept responsibility for this announcement. - Ends - For further information, please contact: St Mark Homes Plc Sean Ryan, Finance Director Tel: +44 (0) 20 7903 6777 seanryan@stmarkhomes.com Alfred Henry Corporate Finance Ltd, NEX Exchange Corporate Adviser Jon Isaacs / Nick Michaels Tel: +44 (0) 20 7251 3762 www.alfredhenry.com END
(END) Dow Jones Newswires
September 19, 2018 02:00 ET (06:00 GMT)
1 Year St Mark Homes Chart |
1 Month St Mark Homes Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions