SECURED PROPERTY DEVELOPMENTS PLC Unit 6 ,Orchard Mews ,42 Orchard Road Highgate,London N6 5TR Secured Property Developments plc Unaudited financial statements for the period from 1st January 2011 to 30th June 2011 Registered number 2055395 Chairman's Statement

Gross profit has increased due to a temporary reletting of the Group's vacant property in Scarborough and a reduction 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 Duffield Chairman 16 September 2011

Secured Property Developments plc

Unaudited financial statements for the period from 1st January to 30th June 2011

Can be compared with those for the same period as follows;-

Unaudited profit and loss account for the period from 1st January to 30th June 2011 2011 2011 2010 2010 £ £ £ £ Turnover 69,123 60,362 Cost of sales (4,646) (4,222) Gross profit 64,477 56,140 Administrative expenses (34,938) (41,854) Operating profit 29,539 14,286 Interest receivable 1,635 2,309 Interest payable (51,688) (51,978) (50,053) (49,669) Loss on ordinary activities (20,514) (35,383) before taxation Taxation - - Loss on ordinary activities (20,514) (35,383) after taxation ====== ====== Loss per share (1.04)p (1.80)p