29 September
2017
Queros Capital
Partners PLC
(“Queros” or “the
Company”)
Unaudited Interim
Results for the six months ended 30 June
2017
Queros Capital Partners Plc are delighted to report its
unaudited results for the six months ended 30 June 2017.
The directors present their report and accounts for the period
from 1 January 2017 to 30 June 2017.
Principal activity
We are pleased to announce our second-year financial report to
our stakeholders for the period 01 January
2017 to 30 June 2017.
Company's principal investment policy is focused in two key
investment areas which is short term loan notes to SME’s and real
estate in UK and in Europe. The
Company also provides consultancy and advisory services to its
corporate clients.
Company has a listed Unsecured Bond on the NEX Exchange market
(Formerly known as ISDX exchange) for the term of 10 years until
the year 2025 at an 8% coupon.
The Company has invested at present in short term loan notes in
order to service the coupon and further subscriptions will be
invested in other larger property portfolios.
It has identified several investments in real estate sector in
UK and investment will be made subject to satisfactory due
diligence when further subscriptions will be raised via bond
issue.
The Risk relating to the bond issues has been disclosed in the
admission document of the company with NEX exchange (Formerly known
as ISDX exchange) and is readily available from the website of the
company www.queroscapitalpartners.com.
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 in their day to day duties.
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.
Directors
The following directors held office during the whole of the
period:
Mr Marcel Samuel Boom
Mr Christopher Nigel Hutton
Mr Yeshpreet Singh
Statement of directors'
responsibilities
The directors are responsible for preparing the report and
accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each
financial year. Under that law, the directors have elected to
prepare the accounts in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards
and applicable law). Under company law the directors must not
approve the accounts unless they are satisfied that they give a
true and fair view of the state of affairs of the company and of
the profit or loss of the company for that period. In preparing
these accounts, the directors are required to:
-
select suitable accounting policies and then apply them
consistently;
-
make judgements and estimates that are reasonable and
prudent;
-
prepare the accounts on the going concern basis unless it is
inappropriate to presume that the company will continue in
business.
The directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the
financial position of the company and enable them to ensure
that the accounts comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the company and
hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
ared in accordance with the special provisions relating to small
companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Mr Marcel Samuel Boom
Director
Approved by the board on: 24 September
2017
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/
NEX EXCHANGE CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Corporate
Finance
James Dewhurst – Corporate
Broking
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street,
London EC4N 4SA
QUEROS CAPITAL PARTNERS PLC
INCOME STATEMENT
FOR THE PERIOD FROM 1 JANUARY 2017 TO 30 JUNE
2017
|
2017 |
2016 |
|
£ |
£ |
Turnover |
148,262 |
199,897 |
Cost of sales |
- |
(1,603) |
Gross
profit |
|
|
|
148,262 |
198,294 |
Administrative
expenses |
(37,619) |
(87,379) |
Operating profit |
|
|
|
110,643 |
110,915 |
Interest receivable
and similar income |
11 |
17 |
Interest payable and
similar charges |
(109,073) |
(97,246) |
Profit
on ordinary activities before taxation |
|
|
|
1,581 |
13,686 |
Tax on profit on
ordinary activities |
- |
(2,737) |
Profit
for the period |
|
|
|
1,581 |
10,949 |
|
|
|
|
|
|
|
|
QUEROS CAPITAL PARTNERS PLC
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE
2017
|
|
2017 |
2016 |
|
Notes |
£ |
£ |
Current
assets |
|
|
|
|
Debtors |
4 |
2,476,464 |
1,776,718 |
Cash at bank and in
hand |
|
1,491,167 |
81,938 |
|
|
|
|
|
|
|
3,967,631 |
1,858,656 |
Creditors: amounts
falling due within one year |
5 |
(100,439) |
(128,044) |
Net
current assets |
|
|
|
|
|
3,867,192 |
1,730,612 |
Total
assets less current liabilities |
|
|
|
|
|
3,867,192 |
1,730,612 |
Creditors: amounts
falling due after more than one year |
6 |
(3,800,000) |
(1,665,000) |
Net
assets |
|
|
|
|
|
67,192 |
65,612 |
Capital
and reserves |
|
|
|
|
|
|
|
|
|
|
|
|
Called up share
capital |
|
50,100 |
50,100 |
Profit and loss
account |
|
17,092 |
15,512 |
Shareholders' funds |
|
|
|
|
|
67,192 |
65,612 |
|
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for complying
with the requirements of the Act with respect to accounting records
and the preparation of accounts.
These accounts have been prepared in accordance with the
provisions applicable to companies’ subject to the small companies'
regime and in accordance with the provisions of FRS 102 Section 1A
- Small Entities.
Approved by the Board on 25 September
2017.
Mr Marcel Samuel Boom
Director
Company Registration No. 09294394
QUEROS CAPITAL PARTNERS PLC
NOTES TO THE ACCOUNTS
FOR THE PERIOD FROM 1 JANUARY 2017 TO 30 JUNE
2017
-
Statutory information
QUEROS CAPITAL PARTNERS PLC is registered in England and Wales, registration number 09294394. The
registered office and principal place of business is 1 - 3 High
Street, Tettenhall, Wolverhampton,
West Midlands, WV6 8QS,
England.
-
Compliance with accounting
standards
The accounts have been prepared in accordance with the
provisions of FRS 102 Section 1A Small Entities. There were no
material departures from that standard.
-
Accounting policies
The principal accounting policies adopted in the preparation of
the financial statements are set out below and have remained
unchanged from the previous period, and also have been consistently
applied within the same accounts.
Basis of
preparation
The accounts have been prepared under the historical cost
convention as modified by the revaluation of certain fixed
assets.
Presentation
currency
The accounts are presented in £ sterling.
4
Debtors |
2017 |
2016 |
|
£ |
£ |
Trade debtors |
131,156 |
63,646 |
Accrued income and
prepayments |
31,242 |
37,681 |
Other debtors |
2,314,066 |
1,675,391 |
|
|
|
|
|
2,476,464 |
1,776,718 |
|
|
|
|
|
|
|
|
5 Creditors:
amounts falling due within one year |
2017 |
2016 |
|
£ |
£ |
Trade creditors |
- |
73,301 |
Taxes and social
security |
33,878 |
10,369 |
Accruals |
66,561 |
44,374 |
|
|
|
|
|
100,439 |
128,044 |
|
|
|
|
|
|
|
|
6 Creditors:
amounts falling due after more than one year |
2017 |
2016 |
|
£ |
£ |
Other creditors |
3,800,000 |
1,665,000 |
-
Average number of employees
During the period the average number of employees was 2 (2016:
2).