(ROE.L) Roeford Properties PLC Buy/Sell

Note 30/06/2009 Unaudited 30/06/2008Unaudited 31/12/2008Audited
£000 £000 £000

Current assets
Trade and other receivables 4 7 9 1
Cash and cash equivalents 277 344 318
Total current assets 284 353 319

Total assets 284 353 319

Current liabilities
Trade and other payables 5 10 20 23
Total current liabilities 10 20 23

Called up share capital 487 487 487
Share premium account 813 813 813
Share based payment reserve 20 20 20
Profit and loss account (1,046) (987) (1,024)
Total equity attributable to 274 333 296

equity holders of the company
Total equity and liabilities 284 353 319

Sharecapital Sharepremiumaccount Sharebasedpaymentres Profit Total
erve andlossaccount
£'000 £'000 £'000 £'000 £'000

At 1 January 2009 487 813 20 (1,024) 296

Transactions with owners - - - - -
Loss for the period - - - (22) (22)

Other comprehensive income - - - - -

Total comprehensive income for - - - (22) (22)

the period
At 30 June 2009 487 813 20 (1,046) 274

At 1 January 2008 95 901 20 (936) 80

Issue of share capital less 392 (88) - - 304

expenses
Transactions with owners 392 (88) - - 304

Loss for the period - - - (51) (51)
Other comprehensive income - - - - -
Total comprehensive income for - - - (51) (51)

the period
At 30 June 2008 487 813 20 (987) 333

Transactions with owners - - - - -

Loss for the period - - - (37) (37)
Other comprehensive income - - - - -
Total comprehensive income for - - - (37) (37)

the period
At 31 December 2008 487 813 20 (1,024) 296

6 months to 6 months to Year ended
30/06/2009Unaudited 30/06/2008Unaudited 31/12/2008 Audited
£000 £000 £000

Cash flows from operating activities
Loss before taxation (22) (51) (88)
Finance income (1) (9) (16)
(Increase)/decrease in trade (6) 202 210

and other receivables
Decrease in trade and other (13) (112) (109)

payables
Net cash (outflow)/inflow from (42) 30 (3)

operating activities Cash flows from investing activities
Finance income 1 9 16
Net cash inflow from investing 1 9 16

activities Cash flows from financing activities
Proceeds from issue of share - 304 392

capital
Cost of issue of share capital - - (88)
Net cash inflow from financing - 304 304

activities
Net (decrease)/increase in (41) 343 317

cash and cash equivalents
Cash and cash equivalents 318 1 1

brought forward
Cash and cash equivalents 277 344 318

carried forward

ROEFORD PROPERTIES PLC

NOTES TO THE INTERIM REPORT

FOR THE SIX MONTHS ENDED 30 JUNE 2009

1. GENERAL INFORMATION

The information for the period ended 30 June 2009 does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. The figures for the year ended 31 December 2008 have been extracted fromthe 2008 statutory financial statements prepared under International Financial Reporting Standards ("IFRS"). The auditors' report on these accounts was unqualified and did not contain a statement under Section 237 (2) of the Companies Act 1985. A copy of the statutory accounts for that period has been delivered to the Registrar of Companies.

2. BASIS OF PREPARATION

The interim financial statements have been prepared in accordance with IFRS and under the historical cost convention.

The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and for this reason they continue to adopt the going concern basis in preparing the financial statements. The principal accounting policies of the Company remain unchanged from those set out in the Company's 2008 Annual Report, except for the adoption of IAS 1 Presentation of Financial Statements (Revised 2007). The adoption of IAS 1 (Revised 2007) does not affect the financial position or profits of the Company, but gives rise to additional disclosures. The measurement and recognition of the Company's assets, liabilities, income and expenses is unchanged, however some items that were recognised directly in equity are now recognised in other comprehensive income, for example revaluation of property, plant and equipment. IAS 1 (Revised 2007) affects the presentation of owner changes in equity and introduces a 'Statement of Comprehensive Income'.

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal actual results. The most significant assumption that the Directors have made is in respect of the appropriateness of preparing the interim report on a going concern basis. The reasons the directors believe it is appropriate to prepare the accounts on a going concern basis are detailed above. The Directors do not consider that there are any estimates or assumptions which have a significant risk of causing a material adjustment of the carrying value of assets and liabilities within the next accounting year. The Directors, in applying the accounting policies do not consider that they have had to make any critical judgements in their application. 3. LOSS per share

The calculation of the basic loss per share is based on the loss attributable to ordinary shareholders divided by the weighted average number of shares in issue during the period. The impact of the warrants on the loss per share is anti-dilutive.

Basic loss per share
6 months to 6 months to Year ended 31/12/2008 Audited
30/06/2009 Unaudited 30/06/2008Unaudited

Loss on ordinary activities (22) (51) (88)

after tax (£'000)
Weighted average number of 194,866,667 188,871,403 188,871,403

0.25p ordinary shares
Loss per share - basic (0.01p) (0.03p) (0.05p)
- (0.01p) (0.03p) (0.05p)

diluted

4. trade and other receivables

30/06/2009Unaudited 30/6/2008Unaudited 31/12/2008Audited
£000 £000 £000

Trade receivables 1 4 -
Prepayments and accrued income 6 5 1
Total 7 9 1

5. trade and other payables

30/06/2009 Unaudited 30/6/2008Unaudited 31/12/2008Audited
£000 £000 £000

Trade and other payables 10 20 23

Enquiries: Mark Grady Roeford Properties PLC 0121 733 3011 Katy Birkin W. H. Ireland 0121 265 6330

This information is provided by RNS The company news service from the London Stock Exchange

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