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Secured Property Developments Plc
Secured Property Developments Plc - Interim Results 2022
9th June 2023, 13:00
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   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             (16,446)                                     (15,688)
expenses

Operating                  (16,446)                                     (15,688)
(loss)/profit
Interest receivable  96              22
Interest payable     -               -
                                      ­­­­­
                                     _______

                           96                                           22

(Loss) on ordinary         (16,350)                                     (15,666)
activities before
taxation
Taxation                   -                                            -

(Loss) on ordinary         (16,350)                                     (15,666)
activities after
taxation
                           ======                                       ======
(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  (48,896)                    (37,515)
due within one year

Net current assets                    379,799                     422,017
                                      ________                         ____

Total assets less current             379,799                     422,017
liabilities

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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