Monthly Archives: April 2014

in Financial Reports

2014 Directors Report and Group Financial Statements

The consolidated profit for the year after taxation was £408,216 (2013: £140,879 restated) on consolidated revenue of £1,097,052 (2013: £959,574 restated). The Company’s earnings fluctuate from year to year as profits are realized from property sales and an important indicator of the group’s strength is the total equity attributable to owners which now stands at £8,244,105 (2013: £3,871,550 restated). I draw your attention to the change of accounting policy this year as a result of the adoption of IFRS 10 which results in the consolidation of Radcliff Property Limited, previously reported as an investment. The Board is very pleased with the result of the year’s activities and believes the Group is well-placed to capitalize on future events in the property market…

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