Interim Results 2022
09/06/2023 14:00
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 expenses (16,446) (15,688)
Operating (loss)/profit (16,446) (15,688)
Interest receivable 96 22
Interest payable - -
_______
96 22
(Loss) on ordinary activities before taxation (16,350) (15,666)
Taxation - -
(Loss) on ordinary activities after taxation (16,350) (15,666)
====== ======
(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 due within one year (48,896) (37,515)
Net current assets 379,799 422,017
________ ____
Total assets less current liabilities 379,799 422,017
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
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