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BFD Benfield Group

349.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Queros Capital Partners Plc - Unaudited Interim Results six months ended 30 June 2017

29/09/2017 3:49pm

PR Newswire (US)


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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

  1. 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.

  2. 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.

  3. 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
  1. Average number of employees

    During the period the average number of employees was 2 (2016: 2).

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