REG-Lon.&Assoc.Props PLC: Half-year Report <Origin Href="QuoteRef">LAS.L</Origin> - Part 2

London & Associated PropertiesAnnouncement

31/08/2017 10:20

- Part 2: For the preceding part double click  ID:nPRrVFFF7a 

Section 498(2) or (3) of the Companies Act 2006.

As required by the Disclosure and Transparency Rules of the UK's Financial
Conduct Authority, the interim financial statements have been prepared in
accordance with the International Financial Reporting Standards (IFRS) and in
accordance with both IAS 34 'Interim Financial Reporting' as adopted by the
European Union and the disclosure requirements of the Listing Rules.

The half year results have not been audited or subject to review by the
company's auditor.

The annual financial statements of London & Associated Properties PLC are
prepared in accordance with IFRS as adopted by the European Union.  The same
accounting policies are used for the six months ended 30 June 2017 as were
used for the year ended 31 December 2016.

As stated in the 2016 Annual Report in the group accounting policies, Bisichi
Mining PLC and Dragon Retail Properties Limited are consolidated with LAP, as
required by IFRS 10. 

The assessment of new standards, amendments and interpretations issued but not
effective, is that these are not anticipated to have a material impact on the
financial statements.

There is no material seasonal impact on the group’s financial performance.

Taxes on income in the interim periods are accrued using tax rates expected to
be applicable to total annual earnings.

The interim financial statements have been prepared on the going concern basis
as the Directors are satisfied the group has adequate resources to continue in
operational existence for the foreseeable future.
 

12. Board approval

The half year results were approved by the Board of London & Associated
Properties PLC on 30 August
2017.                                          

Directors' responsibility statement                      

The Directors confirm that to the best of their knowledge:

(a) the condensed set of financial statements have been prepared in accordance
with applicable accounting standards and IAS 34 Interim Financial Reporting as
adopted by the EU;                           

(b) the interim management report includes a fair review of the information
required by:

 (1) DTR 4.2.7R of the Disclosure and Transparency Rules, being an indication
of important events that have occurred during the first six months of the
financial year and their impact on the condensed set of financial statements ;
and a description of the principal risks and uncertainties for the remaining
six months of the year;  and

(2) DTR 4.2.8R of the Disclosure and Transparency Rules, being related party
transactions that have taken place in the first six months of the current
financial year and that have materially affected the financial position or
performance of the entity during that period; and any changes in the related
party transactions described in the last annual report that could do
so.                                        
               

This report contains forward-looking statements. These statements are based on
current estimates and projections of management and currently available
information. Future statements are not guarantees of the future developments
and results outlined therein. Rather, future developments and results are
dependent on a number of factors; they involve various risks and uncertainties
and are based upon assumptions that may not prove to be accurate. Risks and
uncertainties identified by the Group are set out on pages 22 and 24 of the
2016 Annual Report. We do not assume any obligation to update the
forward-looking statements contained in this report.
 

Signed on behalf of the Board on 30 August 2017
 

Sir Michael Heller                Anil Thapar
Director                             Director



 

 Directors and advisors                                                                                                                                                                                                                                                                                                            
 Directors  Executive directors  * Sir Michael Heller MA FCA (Chairman)  John A Heller LLB MBA (Chief Executive)  Anil K Thapar FCCA (Finance Director)                                                                                                                                                                            
 Non-executive directors  † Howard D Goldring BSC (ECON) ACA  #†Clive A Parritt FCA CF FIIA  Robin Priest MA                                                                                                                                                                                                                       
 * Member of the nomination committee # Senior independent director † Member of the audit, remuneration and nomination committees.                                                                                                                                                                                                 
 Secretary & registered office  Anil K Thapar FCCA 24 Bruton Place, London W1J 6NE                                                                                                                                                                                                                                                 
 Registrars & transfer office Capita Asset Services The Registry, 34 Beckenham Road Beckenham, Kent BR3 4TU                                                                                                                                                                                                                        
 UK Telephone: 0871 664 0300 (Calls cost 12p per minute + network extras, lines are open Mon-Fri 9.00am to 5.30pm)  International Telephone: +44 208 639 3399 (Calls outside the United Kingdom will be charged at applicable international rate)  Website: www.capitaassetservices.com E-mail: shareholderenquiries@capita.co.uk  
                                                                                                                                                                                                                                                                                                                                   
 Company registration number                                                                                                                                                                                                                                                                                                       
 341829 (England and Wales)                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                   
 Website                                                                                                                                                                                                                                                                                                                           
 www.lap.co.uk                                                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                                   
 E-mail                                                                                                                                                                                                                                                                                                                            
 admin@lap.co.uk                                                                                                                                                                                                                                                                                                                   



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