Interim Results

SpaceandPeople PLC
21 June 2007




SpaceandPeople PLC
Company Registration Number SC212277


INTERIM REPORT AND ACCOUNTS FOR THE 6 MONTHS TO 30 APRIL 2007

SpaceandPeople PLC, which facilitates and manages the sale of promotional space 
in malls and shopping centres, announces interim results for the six months 
ended 30 April 2007.


Highlights:

Billings up 23% to £5,251,000 (£4,261,000)
Turnover up by 5% to £954,329 (£905,606)
Pre tax profits up 70% to £241,643 (£142,228)
European expansion plans progressing well



SpaceandPeople PLC

Chairman's Statement


I am pleased to report to Shareholders that the net profit before tax for the
half year to 30th April, 2007 has increased by 70% from £142,228 to £241,643
further increasing our rate of growth over the last 4 years.

In the first six months of this year billings have increased 23% from £4,261,000
to £5,251,000 and turnover increased from £905,606 to £954,329.  Based on the
venues now represented the total weekly footfall has increased to 27.1 million
people.

As I reported last year, we won the account of Hammerson France and have since
then increased our French team in Glasgow to seven.  This is in anticipation of
extending our client base in France, negotiations for which are in an advanced
stage.  Over this period, discussions have also been taking place in Germany
which we again hope to conclude shortly. Announcements will be made to
Shareholders when contracts have been signed.

Your directors are confident that shareholders may look forward to a successful
second half year.

In line with previous years, we have paid an interim dividend to shareholders
amounting to 1.5p per share, (2006 - 1p). 

Finally, I have to tell you that this is the last Chairman's Statement that I
will be writing to you as I will be resigning as Chairman of this company with
effect from the end of this month. I will be succeeded by David Henderson-
Williams who has been a director of the company since October 2006.  David
Henderson-Williams is very highly regarded in the property world. With Hark
Group he has acquired and managed The Forge Shopping Centre, Glasgow and more
recently The Arcades, Ashton-under-Lyne and Telford Shopping Centre in
conjunction with joint venture partners.  He was previously a main board member
at Chesterfield Properties Plc and CEO of their USA business, where he undertook
retail developments with major American developers such as General Growth and
McArthur Glen.


I leave the company's board with, on the one hand, regret and, on the other
hand, a profound degree of faith in its future.


Jeremy Arnold
Chairman
June 20, 2007


Contact details

David Henderson-Williams  Chairman                         Tel: [phone]
Matthew Bending           Joint Managing Director          Tel: [phone]
Nancy Cullen              Joint Managing Director          Tel: [phone]

AIM Dealing Code          Stock Exchange Code:             SAL

Website                   www.spaceandpeople.com



INDEPENDENT REVIEW REPORT TO SPACEANDPEOPLE PLC

Introduction We have been instructed by the company to review the financial
information for the six months ended 30 April 2007 which comprises the profit
and loss account, the balance sheet, the cash flow statement and the related
notes.  We have read the other information contained in the interim report and
considered whether it contains any apparent misstatements or material
inconsistencies with the financial information.

Directors' responsibilities The interim report, including the financial
information contained therein, is the responsibility of and has been approved by
the Directors.  The AIM Rules of the London Stock Exchange require that the
accounting policies and presentation applied to the interim figures should be
consistent with those applied in preparing the preceding annual accounts except
where any changes, and the reasons for them, are disclosed.

Review work performed We conducted our review in accordance with guidance
contained in Bulletin 1999/4 issued by the Auditing Practices Board for use in
the United Kingdom.  A review consists principally of making enquiries of
company management and applying analytical procedures to the financial
information and underlying financial data and, based thereon, assessing whether
the accounting policies and presentation have been consistently applied unless
otherwise disclosed.  A review excludes audit procedures such as tests of
controls and verification of assets, liabilities and transactions.  It is
substantially less in scope than an audit and therefore provides a lower level
of assurance than an audit.  Accordingly we do not express an audit opinion on
the financial information.  This report, including the conclusion, has been
prepared for and only for the company for the purpose of the AIM Rules of the
London Stock Exchange and for no other purpose.  We do not, in producing this
report, accept or assume responsibility for any other purpose or to any other
person to whom this report is shown or into whose hands it may come save where
expressly agreed by our prior consent in writing.

Review conclusion On the basis of our review, we are not aware of any material
modifications that should be made to the financial information as presented for
the six months ended 30 April 2007.



Campbell Dallas, Chartered Accountants
7 Glasgow Road, Paisley
June 20, 2007


Notes

(a)The maintenance and integrity of the SpaceandPeople PLC website is the
responsibility of the Directors; the work carried out by Campbell Dallas,
Chartered Accountants does not involve consideration of these matters and,
accordingly, Campbell Dallas, Chartered Accountants accept no responsibility for
any changes that may have occurred to the interim report since it was initially
presented on the website.

(b)Legislation in the United Kingdom governing the preparation and dissemination
of financial information may differ from legislation in other jurisdictions.



SpaceandPeople PLC
Profit and Loss Account
Interim Period to 30 April 2007

                                      6 Months to    6 Months to   Year Ended
                                        30-Apr-07     30-Apr-06     31-Oct-06

TURNOVER                                  954,329       905,606     1,933,303

Administrative expenses                   746,403       779,015     1,519,012
                                         ---------     ---------     --------
                                          207,926       126,591       414,291

Other operating income                      6,961         2,400        11,787
                                         ---------     ---------     --------

OPERATING PROFIT                          214,887       128,991       426,078

Interest receivable and similar
income                                     26,756        13,237        28,865
                                         ---------     ---------     --------
                                          241,643       142,228       454,943

Interest payable and similar charges            -             -             -
                                         ---------     ---------     --------

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION                                  241,643       142,228       454,943

Tax on profit on ordinary activities      (60,410)       (1,507)     (106,440)
                                         ---------     ---------     --------

PROFIT FOR THE FINANCIAL YEAR AFTER
TAXATION                                  181,233       143,735       348,503
                                         =========     =========     ========

Earnings per share                          1.59p        1.26p           3.1p

Diluted earnings per share                  1.56p        1.24p           3.0p



                    

SpaceandPeople PLC
Balance Sheet
Interim Period to 30 April 2007

                                        30-Apr-07     30-Apr-06            31-Oct-06
      FIXED ASSETS:
      Intangible assets                         -               -                  -
      Tangible assets                      88,440          41,131             68,263
      Investments                               -               -                  -
                                        ---------        --------          ---------
                                           88,440          41,131             68,263
                                        ---------        --------          ---------
      CURRENT ASSETS:
      Debtors                             654,083         569,997            728,739
      Cash at bank and in
      hand                                916,873         504,365          1,011,597
                                        ---------        --------          ---------
                                        1,570,956       1,074,362          1,740,336
      CREDITORS: Amounts falling
      due within one year                 790,329         462,927            951,265
                                        ---------        --------          ---------
      NET CURRENT ASSETS:                 780,627         611,435            789,071
      
      TOTAL ASSETS LESS
      CURRENT LIABILITIES:                869,067         652,566            857,334
                                        =========        ========          =========
      CAPITAL AND RESERVES:

      Called up share
      capital                             114,120         114,000            114,000
      Share Premium                         1,380               -                  -
      Special reserve                     232,809         232,809            232,809
      Profit and loss
      account                             520,758         305,757            510,525
                                        ---------        --------          ---------
      SHAREHOLDERS' FUNDS:                869,067         652,566            857,334
                                        =========        ========          =========

      RECONCILIATION OF MOVEMENT
      IN SHAREHOLDERS' FUNDS
      Profit for the period               181,233         143,735            348,503
      Dividends                          (171,000)       (114,000)          (114,000)
                                        ---------        --------          ---------
                                           10,233          29,735            234,503
      New share issued in
      the period                            1,500               -                  -
                                        ---------        --------          ---------
      Net addition to
      shareholders' funds                  11,733          29,735            234,503
      Opening shareholders'
      funds                               857,334         622,831            622,831
                                        ---------        --------          ---------
      Closing Shareholders'
      Funds                               869,067         652,566            857,334
                                        =========        ========          =========
      Equity interests                    869,067         652,566            857,334
                                        =========        ========          =========




SpaceandPeople PLC
Cashflow Statement
Interim Period to 30 April 2007
                                                      30-Apr-07        30-Apr-06          31-Oct-06

Net cash (outflow)/ inflow
from operating activities                                83,521          (48,605)           512,462
Returns on investments and
servicing of finance                                     26,756           13,237             28,865
Taxation                                                   -                 -              (35,235)
Capital expenditure
and financial investment                                (35,501)         (18,056)           (52,284)
Equity dividends paid                                  (171,000)         (114,000)         (114,000)


                                                        (96,224)         (167,424)          339,808

Financing                                                1,500                                 -


(Decrease)/ Increase in cash in the period              (94,724)         (167,424)          339,808



Reconciliation of net cash flow
to movement in net funds

Operating profit                                        214,887           128,991           426,078
Depreciation charges                                     15,323            8,588             15,684
Loss on sale of fixed asset                                -                 -                 -
Transfer of fixed asset investment                         -                 -                 -
Increase in debtors                                      74,656          (76,508)          (235,250)
(Decrease)/Increase in creditors                       (221,345)         (109,676)          305,950
Net cash (outflow)/ inflow
from operating activities                                83,521          (48,605)           512,462



SpaceandPeople PLC

Notes to the Interim Report and Accounts
for the 6 months to 30 April 2007

NOTE 1: The interim report and accounts, which were approved by the board on
June 15, 2007, are unaudited but have been reviewed by the auditors and their
independent review report is set out on page 3.  The interim report and accounts
are not full accounts within the meaning of Section 240 of the Companies Act
1985.  The figures for the year ended 31st October, 2006 have been extracted
from the Company's full accounts for that year, which received an unqualified
Auditors' Report that did not contain a statement under section 237(2) or (3) of
the Companies Act 1985.  The accounts for the year ended 31st October, 2006,
have been filed with the Registrar of Companies.


NOTE 2: The interim statement has been prepared in accordance with the
accounting policies set out in the Company's Annual Report and Accounts for the
year ended 31st October, 2006.




NOTE 3: Earnings per share
                                        6 Months to             6 Months to           Year ended
                                        30-Apr-07               30-Apr-06             31-Oct-06
                                        (Unaudited)             (Unaudited)           (Audited)
Weighted average number of 1p
Ordinary Shares:

For basic earnings per share            11,412,000              11,400,000            11,400,000
                                 
Effect of dilutive share options:

For diluted earnings per share          11,623,000              11,563,000            11,636,000



NOTE 4: DISTRIBUTION - Copies of this interim report and accounts are being sent
to all shareholders and additional copies are available from the Company's
registered office at 141 St James Road, Glasgow G4 0LT.





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