Share Name Share Symbol Market Type Share ISIN Share Description
Secured Property Developments plc NEX:SPD NEX Ordinary Share GB0007921363
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 17.50 15.00 20.00 17.50 17.50 17.50 0.00 07:43:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Secured Property Developments Plc Half-year Report

15/10/2019 4:00pm

UK Regulatory (RNS & others)


 
TIDMSPD 
 
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 2019 to 30th 
                                   June 2019 
                           Registered number 2055395 
 
Chairman's Statement 
 
We continue to be frustrated by the lack of suitable propositions in our price 
range with competition as fierce as ever. 
 
We had hoped that the ongoing uncertainty over Brexit might have dampened the 
market sufficiently to enable us to recommend a purchase, but if anything, the 
sub million pound market has got even stronger, as investors search for a safe 
haven for their hard earned cash. 
 
We will continue to trawl the auction and private treaty markets in the hope 
that something will eventually fall into place. 
 
John P Townsend 
CHAIRMAN 
7th October 2019 
 
 
Unaudited profit and loss account 
for the period from 1st January 2019 to 30th June 2019 
 
                                             2019       2019       2018           2018 
 
                                                GBP          GBP          GBP              GBP 
 
Turnover                                                   -                         - 
 
Cost of sales                                              -                         - 
 
                                                    ________                  ________ 
 
Gross profit                                               -                         - 
 
Administrative expenses                             (43,076)                  (47,785) 
Exceptional Item                                           -                         - 
 
                                                    ________                  ________ 
 
Operating (loss)/profit                             (43,076)                  (47,785) 
 
Interest receivable                             -                13,462 
 
Interest payable                                -                     - 
 
                                         ________              ________ 
 
                                                           -                    13,462 
 
                                                    ________                  ________ 
 
(Loss) on ordinary activities before                (43,076)                  (34,323) 
taxation 
 
Taxation                                                   -                         - 
 
                                                    ________                  ________ 
 
(Loss) on ordinary activities after                 (43,076)                  (34,323) 
taxation 
 
                                                    ========                  ======== 
 
(Loss) per share                                     (2.16)p                   (1.72)p 
 
                                                    ========                  ======== 
 
 
Secured Property Developments plc 
Unaudited financial statements for the period from 1st January to 30th June 
2019 
Can be compared with those for the same period as follows:- 
 
 
Unaudited Balance sheet 
at 30th June 2019 
 
                                              2019       2019       2018       2018 
 
                                                 GBP          GBP          GBP          GBP 
 
Fixed assets 
 
Tangible assets                                             -                     - 
 
Current assets 
 
Debtors                                      7,693                18,740 
 
Cash at bank and in hand                   536,749               627,308 
 
                                          ________              ________ 
 
                                           544,442               646,048 
 
Creditors: amounts falling due within     (33,503)              (34,614) 
one year 
 
                                          ________              ________ 
 
Net current assets                                    510,939               611,434 
 
                                                     ________              ________ 
 
Total assets less current liabilities                 510,939               611,434 
 
Creditors: amounts falling due after                        -                     - 
more than one year 
 
                                                     ________              ________ 
 
Net assets                                            510,939               611,434 
 
                                                     ========              ======== 
 
Capital and reserves 
 
Called up share capital                               418,861               418,861 
 
Share premium account                                   3,473                 3,473 
 
Profit and loss account                                88,605               189,100 
 
                                                     ________              ________ 
 
Shareholders' funds                                   510,939               611,434 
 
                                                     ========              ======== 
 
 
 
END 
 

(END) Dow Jones Newswires

October 15, 2019 11:00 ET (15:00 GMT)

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