11th Oct 2010 14:00
SECURED PROPERTY DEVELOPMENTS PLC
Unit 6, Orchard Mews, 42 Orchard RoadHighgate, London N6 5TR
Secured Property Developments plc
Unaudited financial statements for the period from 1st January 2010 to 30th June 2010
Registered number 2055395Chairman's Statement
Gross profit has reduced due to one of the Group's properties becoming vacant and a general increase in administrative costs. In the current economic climate trading conditions remain difficult but every effort is being made to take advantage of opportunities when they occur.
David DuffieldChairman8th October 2010
Unaudited financial statements for the period from 1st January to 30th June 2010 can be compared with those for the same period as follows:
Unaudited profit and loss account for the period from 1st January to 30th June2010 2010 2010 2009 2009 £ £ £ £ Turnover 60,362 72,052 Cost of sales (4,222) - Gross profit 56,140 72,052 Administrative (41,854) (29,293)expenses Operating profit 14,286 42,759 Interest receivable 2,309 3,260 Interest payable (51,978) (50,778) (49,669) (47,518) Loss on ordinary (35,383) (4,759)activities before taxation Taxation - - Loss on ordinary (35,383) (4,759)activities after taxation ====== ====== Loss per share (1.80)p (0.02)p
Unaudited Balance sheet at 30th June 2010
2010 2010 2009 2009 £ £ £ £ Fixed assets Tangible assets 2,110,000 2,110,000 Current assets Debtors 13,808 29,095 Cash at bank and in hand 626,030 670,726 639,838 699,821 Creditors: amounts falling (59,904) (56,500) due within one year Net current assets 579,934 643,321 ________ __ ________ Total assets less current 2,689,934 2,753,321liabilities Creditors: amounts falling (1,500,000) (1,500,000)due after more than one year Net assets 1,189,934 1,253,321 Capital and reserves Called up share capital 418,861 418,861 Share premium account 3,473 3,473 Revaluation reserve 661,861 661,861 Profit and loss account 105,739 169,126 Shareholders' funds 1,189,934 1,253,321
vendorRelated Shares:
Frasers Group