The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”)

Walls & Futures REIT plc (“WAFR”) the Ethical Housing Investor and developer, is pleased to announce its interim results for the six months to 30th September 2019.

We are also happy to announce the completion of the redevelopment of our Didcot property, the acquisition of which was announced on 4 June 2019. The property has been let on a 25-year full repairing and insuring lease, with rents adjusted annually in line with inflation (CPI), to one of the UK’s largest and longest established care providers, who currently support more than 2,500 adults nationwide.

Consolidated Income Statement

For the Six-Month Period to 30 September 2019

 6 Months to30 September 20196 Months to30 September 2018
 ££
 Rent received                        67,650                        67,041
Cost of sales4,826
Increase in property values
Gross Profit67,650 62,215
  
Administrative Expenses(151,526)(131,638)
 ________________________
OPERATING PROFIT/(LOSS)(83,876)(69,423)
Interest receivable and similar income218224
Interest payable(8,542)
 ________________________
PROFIT/(LOSS) BEFORE TAXATION(92,200)(69,199)
Taxation
 ________________________
PROFIT/(LOSS) FOR THE FINANCIAL PERIOD(92,200)(69,199)
    

Consolidated Balance Sheet

30 September 2019

   30 September 201930 September 2018
  £ ££ £
FIXED ASSETS    
Investment Property 3,730,010 3,025,000
     
CURRENT ASSETS    
Cash at Bank169,036 228,710 
Debtors and Prepayments6,645 5,764 
 175,681 234,474 
CREDITORS    
Amounts falling due within one year(6,176) (2,367) 
     
NET CURRENT ASSETS 169,505 232,107
TOTAL ASSETS LESS CURRENT LIABILITIES 3,899,515 3,257,107
 Provision for Liabilities  –  –
     
Amounts falling due over one year (600,000) 
 NET ASSETS  3,299,515  3,257,107
     
CAPITAL AND RESERVES    
Called up share capital 187,754 180,611
Share Premium 3,505,154 3,412,297
Fair Value Reserve 297,150 168,333
Retained Earnings  (690,543)  (504,134)
  3,299,515 3,257,107
       
                  

The above figures have not been reviewed by the Company’s auditors.

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

For further information, contact:

Walls & Futures REIT PLC                                                                  0333 700 7171     

Joe McTaggart, Chief Executive

Website www.wallsandfutures.com

Allenby Capital Limited (Corporate Adviser)                               

Nick Harriss/James Reeve                                                         020 3328 5656