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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Benfield Group | LSE:BFD | London | Ordinary Share | BMG0985D1039 | COM SHS 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 349.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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 | |
_______ | _______ |
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