29 September
2016
Queros Capital
Partners PLC
(“Queros” or “the
Company”)
Unaudited Interim
Results for the six months ended 30 June
2016
Queros Capital Partners Plc are delighted to report its
unaudited results for the six months ended 30 June 2016.
Chairman Statement
We are pleased to announce our financial report to our
stakeholders for the period ended 30 June
2016.
Overview first half 2016
Company's principal investment policy is focused in two key
investment areas which is bridge financing and social housing in UK
and in Europe. The Company also
provides consultancy and advisory services to its corporate
clients.
The Company has invested at present in interim bridge loan
contracts for the initial money raised, in order to service the
coupon and further subscriptions will be invested in other larger
property portfolios.
Key Highlights
It has identified high yield property investments which will be
acquired subject to satisfactory due diligence when further
subscriptions will be raised via bond issue.
Results
For the financial period ended 30 June
2016, the Net Assets of the company are £59,137 and it has
successfully maintained its quarterly interest payments to
bondholders up to the reporting date and the board is determined to
protect bondholders interest in the near future.
Outlook
We continue to look and explore new investment opportunities to
maximise stakeholders interest and developing our existing
investments. The Board forecasts to maximise return on the
investments in the near future in lieu of financial and political
climate around the United Kingdom
and Europe.
Our board continues to maintain a high level of corporate
governance and places great importance to risk management in
selecting investments for the company. We expect our team to act
both professionally and honestly in their day to day duties.
Notes of Appreciation
I wish to take this opportunity to congratulate our team for
successfully meeting targets and achieving fruitful results for the
company and its stakeholders.
At the end I would be thankful to our loyal stakeholders for
their continued support in the past and will welcome the same in
the near future.
ON BEHALF OF THE BOARD
Marcel Samuel Boom
Chief Executive Officer
23 September 2016
The directors of Queros Capital Partners Plc accept
responsibility for this announcement.
COMPANY CONTACT DETAILS:
Marcel Boom, Chief Executive
Officer
Queros Capital Partners Plc
Office Suite G4,
Bredon House,
321 Tettenhall Road,
Wolverhampton,
West Midlands,
WV6 OJZ
Telephone: +44 1293 401 293
http://www.queroscapitalpartners.com/
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Corporate Finance
James Dewhurst – Institutional
Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street,
London EC4N 4SA
QUEROS CAPITAL PARTNERS PLC
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 JUNE 2016
|
|
Period |
Year |
|
|
ended |
ended |
|
|
30/06/16 |
31/12/15 |
|
|
|
|
|
Notes |
£ |
£ |
|
|
|
|
| Turnover |
2 |
89,273 |
64,212 |
|
|
|
|
| Cost of sales |
|
(31,216) |
(19,597) |
|
|
_______ |
_______ |
| Gross profit |
|
58,057 |
44,615 |
|
|
|
|
| Administrative expenses |
|
(49,015) |
(38,911) |
|
|
_______ |
_______ |
| Operating profit |
|
9,042 |
5,704 |
|
|
|
|
| Other interest receivable and |
|
|
|
| similar income |
|
8 |
- |
|
|
_______ |
_______ |
| Profit on ordinary |
|
|
|
| activities before
taxation |
|
9,050 |
5,704 |
|
|
|
|
| Tax on profit on ordinary
activities3 |
|
- |
(1,141) |
|
|
_______ |
_______ |
| Profit for the period |
9 |
9,050 |
4,563 |
|
|
|
|
| Retained profit brought forward |
|
4,563 |
- |
|
|
_______ |
_______ |
| Retained profit carried
forward |
|
13,613 |
4,563 |
|
|
_______ |
_______ |
QUEROS CAPITAL PARTNERS PLC
BALANCE SHEET
AS AT 30 JUNE
2016
|
|
30/06/16 |
31/12/15 |
|
Notes |
£ |
£ |
£ |
£ |
|
|
|
|
|
|
| Fixed assets |
|
|
|
|
|
| Tangible assets |
4 |
|
1,215,185 |
|
532,000 |
| Current assets |
|
|
|
|
|
| Debtors |
5 |
110,381 |
|
136,037 |
|
| Cash at bank and in hand |
|
183,548 |
|
7,920 |
|
|
|
_______ |
|
_______ |
|
|
|
293,929 |
|
143,957 |
|
| Creditors: amounts
falling |
|
|
|
|
|
| due within one year |
6 |
(55,401) |
|
(39,294) |
|
|
|
_______ |
|
_______ |
|
| Net current assets |
|
|
238,528 |
|
104,663 |
|
|
|
_______ |
|
_______ |
| Total assets less
current |
|
|
|
|
|
| liabilities |
|
|
1,453,713 |
|
636,663 |
| Creditors: amounts falling
due |
|
|
|
|
|
| after more than one year |
7 |
|
(1,390,000) |
|
(582,000) |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
| Net assets |
|
|
63,713 |
|
54,663 |
|
|
|
_______ |
|
_______ |
| Capital and reserves |
|
|
|
|
|
| Called up share capital |
8 |
|
50,100 |
|
50,100 |
| Profit and loss account |
9 |
|
13,613 |
|
4,563 |
|
|
|
_______ |
|
_______ |
| Shareholders' funds |
|
|
63,713 |
|
54,663 |
|
|
|
_______ |
|
_______ |
QUEROS CAPITAL PARTNERS PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2016
1.
Accounting policies
1.1. Accounting
convention
The financial statements are prepared under the historical cost
convention and in accordance with the Financial Reporting Standard
for Smaller Entities (effective April
2008).
1.2. Turnover
Turnover represents the total invoice value, excluding value
added tax, of sales made during the period
and derives from the provision of
goods falling within the company's ordinary activities.
2.
Turnover
The total turnover of the company for the period has been
derived from its principal activity wholly undertaken in the
UK.
3.
Tax on profit on ordinary activities
|
Period |
Year |
|
ended |
ended |
|
Analysis
of charge in period |
30/06/16 |
31/12/15 |
|
£ |
£ |
|
Current
tax |
|
|
|
UK
corporation tax |
- |
1,141 |
|
_______ |
_______ |
|
|
|
|
|
|
|
4. Investments |
|
|
|
|
Total |
|
£ |
£ |
|
Market
Value |
|
|
|
At 1 January
2016 |
532,000 |
532,000 |
|
Additions |
683,185 |
683,185 |
|
_______ |
_______ |
|
At 30 June
2016 |
1,215,185 |
1,215,185 |
|
_______ |
_______ |
|
Net book
values |
|
|
|
At 30 June
2016 |
1,215,185 |
1,215,185 |
|
_______ |
_______ |
|
At 31
December 2015 |
532,000 |
532,000 |
|
_______ |
_______ |
5.
Debtors
|
|
30/06/16
£ |
31/12/15
£ |
|
Trade debtors |
- |
40,712 |
|
Other Debtors |
110,381 |
93,072 |
|
Prepayments and accrued income |
- |
2,253 |
|
|
_______ |
_______ |
|
|
110,381 |
136,037 |
|
|
_______ |
_______ |
6.
Creditors: amounts falling
due
within one
year
|
|
30/06/16
£ |
31/12/15
£ |
|
Short term loan |
- |
15,600 |
|
Payments received on account |
8,415 |
- |
|
Trade creditors |
20,109 |
1,000 |
|
Corporation tax |
1,141 |
1,141 |
|
Accruals and deferred income |
25,736 |
21,553 |
|
|
_______ |
_______ |
|
|
55,401 |
39,294 |
|
|
_______ |
_______ |
7.
Creditors: amounts falling due after more than one
year
|
30/06/16
£ |
31/12/15
£ |
| Bond money received |
1,390,000 |
582,000 |
|
_______ |
_______ |
8.
Share
capital
|
|
30/06/16
£ |
31/12/15
£ |
|
Authorised |
|
|
|
50,100 Ordinary shares of £1
each |
50,100 |
50,100 |
|
|
_______ |
_______ |
|
Allotted, called up and fully
paid |
|
|
|
50,100 Ordinary shares of £1
each |
50,100 |
50,100 |
|
|
_______ |
_______ |
|
|
|
|
|
Equity Shares |
|
|
|
50,100 Ordinary shares of £1
each |
50,100 |
50,100 |
|
|
_______ |
_______ |
9.
Reserves
|
|
Profit
and loss
account
£ |
Total
£ |
|
At 1 January 2016 |
4,563 |
4,563 |
|
Profit for the period |
9,050 |
4,474 |
|
|
_______ |
_______ |
|
At 30 June 2016 |
13,613 |
9,037 |
|
|
_______ |
_______ |