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 2019||6 Months to30 September 2018|
|Cost of sales||–||4,826|
|Increase in property values||–||–|
|Interest receivable and similar income||218||224|
|PROFIT/(LOSS) BEFORE TAXATION||(92,200)||(69,199)|
|PROFIT/(LOSS) FOR THE FINANCIAL PERIOD||(92,200)||(69,199)|
Consolidated Balance Sheet
30 September 2019
|30 September 2019||30 September 2018|
|Cash at Bank||169,036||228,710|
|Debtors and Prepayments||6,645||5,764|
|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)||–|
|CAPITAL AND RESERVES|
|Called up share capital||187,754||180,611|
|Fair Value Reserve||297,150||168,333|
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
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656