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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 |
31 May 2017
Queros Capital Partners PLC
(“Queros” or “the Company”)
Audited Annual Results for the year ended 31 December 2016
Queros Capital Partners Plc are delighted to report its audited annual results for the twelve months ended 31 December 2016.
Chairman’s statement
We are pleased to announce our second year financial report to our stakeholders for the period ended 31st December 2016.
Key Highlights and Developments during the year
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.
Financial Results
For the financial year ended 31st December 2016, the Net assets of the company are £65,611 and it has successfully maintained its quarterly interest payments to the bond holders up to the reporting date and the board is determined to protect bond holders interest in the near future.
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.
Current Trading 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 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
31 May 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
1-3 High Street
Tettenhall
Wolverhampton
West Midlands
England
WV6 8QS
Telephone: +44 1293 401 293
http://www.queroscapitalpartners.com/
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Corporate Finance
James Dewhurst – Corporate Brokering
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street, London EC4N 4SA
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394)
INCOME STATEMENT
FOR THE PERIOD 4 NOVEMBER 2014 TO 31 DECEMBER 2016
Period | |||||
4.11.14 | |||||
Year Ended | to | ||||
Notes | 31.12.16 | 31.12.15 | |||
£ | £ | ||||
TURNOVER | 3 | 198,294 | 64,212 | ||
Administrative expenses | 184,626 | 58,508 | |||
OPERATING PROFIT | 5 | 13,668 | 5,704 | ||
Interest receivable and similar income | 17 | - | |||
PROFIT BEFORE TAXATION | 13,685 | 5,704 | |||
Tax on profit | 7 | 2,737 | 1,141 | ||
PROFIT FOR THE FINANCIAL YEAR | 10,948 | 4,563 |
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394)
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD 4 NOVEMBER 2014 TO 31 DECEMBER 2016
Period | |||||
4.11.14 | |||||
Year Ended | to | ||||
Notes | 31.12.16 | 31.12.15 | |||
PROFIT FOR THE YEAR | 10,948 | 4,563 | |||
OTHER COMPREHENSIVE INCOME | - | - | |||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 10,948 | 4,563 |
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394)
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2016
31.12.16 | 31.12.15 | ||||
Notes | |||||
CURRENT ASSETS | |||||
Debtors | 8 | 1,795,456 | 668,037 | ||
Cash at bank | 9 | 81,938 | 7,920 | ||
1,877,394 | 675,957 | ||||
CREDITORS | |||||
Amounts falling due within one year | 10 | 96,783 | 39,294 | ||
NET CURRENT ASSETS | 1,780,611 | 636,663 | |||
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,780,611 | 636,663 | |||
CREDITORS | |||||
Amounts falling due after more than one year | 11 | 1,715,000 | 582,000 | ||
NET ASSETS | 65,611 | 54,663 | |||
CAPITAL AND RESERVES | |||||
Called up share capital | 12 | 50,100 | 50,100 | ||
Retained earnings | 13 | 15,511 | 4,563 | ||
SHAREHOLDERS' FUNDS | 65,611 | 54,663 |
The financial statements were approved by the Board of Directors on ......................and were signed on its behalf by:
........................
M S Boom - Director
.............................
Y Singh - Director
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394)
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 4 NOVEMBER 2014 TO 31 DECEMBER 2016
Called up share capital | Retained earnings | Total equity | |||||
£ | £ | £ | |||||
Changes in equity | |||||||
Issue of share capital | 50,100 | - | 50,100 | ||||
Total comprehensive income | - | 4,563 | 4,563 | ||||
Balance at 31 December 2015 | 50,100 | 4,563 | 54,663 | ||||
Changes in equity | |||||||
Total comprehensive income | - | 10,948 | 10,948 | ||||
Balance at 31 December 2016 | 50,100 | 15,511 | 65,611 |
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394)
STATEMENT OF CASH FLOWS
FOR THE PERIOD 4 NOVEMBER 2014 TO 31 DECEMBER 2016
Period | |||||
4.11.14 | |||||
Year Ended | to | ||||
Notes | 31.12.16 | 31.12.15 | |||
£ | £ | ||||
Cash flows from operating activities | |||||
Cash generated from operations | 1 | 60,796 | (42,181) | ||
Tax paid | 13,205 | - | |||
Net cash from operating activities | 74,001 | (42,181) | |||
Cash flows from investing activities | |||||
Interest received | 17 | - | |||
Net cash from investing activities | 17 | - | |||
Cash flows from financing activities | |||||
Share issue | - | 50,100 | |||
Net cash from financing activities | - | 50,100 | |||
Increase in cash and cash equivalents | 74,018 | 7,920 | |||
Cash and cash equivalents at beginning of year | 2 | 7,920 | - | ||
Cash and cash equivalents at end of year | 2 | 81,938 | 7,920 |
Copyright y 31 PR Newswire
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