SECURED PROPERTY DEVELOPMENTS PLC Unit 6, Orchard Mews, 42 Orchard Road Highgate, London N6 5TR Secured Property Developments plc Interim financial information For the six-month period ended 30th June 2023 (Unaudited) Registered number 02055395 Secured Property Developments plc Interim financial information for the six-month period ended 30th June 2023 Chairman's Statement Due to the uncertainties in the economy with interest rates rising the commercial and residential property markets have been disrupted and reset. Investors have become more selective and sought higher returns on their capital. Some borrowers requiring to refinance have decided to sell properties rather than invest further capital and pay the higher rates of interest required by their bankers. The recent pause in interest rate increases by the Bank ofEngland has been welcomed by the markets but the availability of credit remains tightly controlled by the banks. For those with capital to invest this has created a buying opportunity which has not existed for some years. Your board continue to reduce overheads wherever possible whilst we seek opportunities to invest the limited amount of capital and review the opportunities now available to the company. R.A Shane Chairman 29th September 2023 Consolidated Statement of Comprehensive Income for the period from 1st January 2023 to 30th June 2023 Interim Interim Year ended 30 Jun 23 30 Jun 22 31 Dec 22 (Unaudited) (Unaudited) (Audited) £ £ £ Turnover - - - Gross profit - - - Administrative (25,021) (16,446) (17,514) expenses Operating loss (25,021) (16,446) (17,514) Interest receivable 1,707 96 754 Loss on ordinary (23,314) (16,350) (16,760) activities before taxation Taxation - - - Loss on ordinary (23,314) (16,350) (16,760) activities after taxation Loss per share (1.18) (0.83) (0.85) Consolidated Statement of Financial Position at 30th June 2023 Interim Interim Year ended 30 Jun 23 30 Jun 22 31 Dec 22 (Unaudited) (Unaudited) Audited) £ £ £ Fixed assets Tangible assets - - - Current assets Debtors 6,101 7,650 7,864 Cash at bank and in hand 376,326 421,045 383,465 ________ ________ ________ 382,427 428,695 391,329 Creditors: amounts falling (36,778) (48,896) (22,366) due within one year ________ ________ ________ Net current assets 345,649 379,799 368,963 ________ ________ ________ Total assets less current 345,649 379,799 368,963 liabilities Creditors: amounts falling - - - due after more than one year ________ ________ ________ 345,649 379,799 368,963 ======= ======= ======= Capital and reserves Called up share capital 418,861 418,861 418,861 Share premium 3,473 3,473 3,473 Profit and loss account (76,685) (42,535) (53,371) ________ ________ ________ Shareholders' funds 345,649 379,799 368,963 ======= ======= =======
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