SPD.AQSE

Secured Property Developments Plc
Mollyroe Plc - Interim financial information for the six-month period ended 30[th] June 2024
20th September 2024, 09:08
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Mollyroe plc
("Mollyroe" or the "Company")

Interim financial information for the six-month period ended 30[th] June 2024

Chairman's Statement

We are pleased that the new investment strategy of the Company was approved by a
General Meeting earlier in the year and we shall seek to implement this strategy
as opportunities and market conditions allow.

We are also pleased to have amended the articles of the Company to enable
electronic communications with shareholders, a step forward in cost savings and
efficiency.

Following a sub-division of the Company's ordinary shares during the period,
from a par value of £0.20 per ordinary share into £0.0001 ordinary shares and, a
subsequent issue of 861,740 new £0.0001 ordinary shares, the number of ordinary
shares in issue, on a post share consolidation basis, at the period end was
40,275,480 (31 December 2023: 1,970,688 ordinary shares of £0.20). We are
working with our registrars to issue new share certificates in the near term.

Your board continue to reduce other overheads wherever possible whilst we seek
opportunities to invest the limited amount of capital and review the
opportunities now available to the Company.

N Lyons Chairman

18[th] September 2024

The Directors of the Company accept responsibility for the contents of this
announcement.

Enquiries

Company

Paul Ryan - Executive Director

mollyroeplc@gmail.com

Peterhouse Capital Limited

Financial Adviser and Corporate Broker

+ 44 (0) 20 7469 0930

Consolidated Statement of Comprehensive Income

for the period from 1[st] January 2024 to 30[th] June 2024

                                             Interim      Interim    Year ended
                                  30 Jun 24  30 Jun 23    31 Dec 23
                                (Unaudited)  (Unaudited)  (Audited)
Turnover                                     £-           £-         £-
Gross profit                                           -          -           -
Administrative expenses                         (46,250)  (25,021)   (72,882)
Operating loss                                  (46,250)  (25,021)   (72,882)
Interest receivable                          2,301        1,707      4,099
Loss on ordinary activities before taxation     (43,949)  (23,314)   (68,783)
Taxation                                               -          -           -
Loss on ordinary activities after taxation      (43,949)  (22,314)    (68,783)
Earnings per share                           (0.30)       (1.18)     (3.49)
Average number of ordinary shares in issue   14,738,959   1,970,688  1,970,688

Consolidated Statement of Financial Position

at 30[th] June 2024

                            Interim 30 Jun  Interim 30 Jun  Year ended 31
                            24(Unaudited)   23(Unaudited)             Dec
                                                              23(Audited)
Fixed assets                             £               £  £
Tangible assets                          -               -              -
Current assetsDebtors                7,520           6,101          7,578
Cash at bank and in hand           312,359         376,326        335,550
                                   319,879         382,427        343,128
Creditors: amounts falling        (52,402)        (36,778)       (42,948)
due within one year
Net current assets                 267,477         345,649        300,180
Total assets less current          267,477         345,649        300,180
liabilities
Creditors: amounts falling               -               -              -
due after more than one
year
                                   267,477         345,649        300,180
Capital and reservesCalled         427,478         418,861        418,861
up share capital
Share premium                        6,102           3,473          3,473
Profit and loss account          (166,103)        (76,685)      (122,154)
Shareholders' funds                267,477         345,649        300,180

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