30 June
2016
Queros Capital
Partners PLC
(“Queros” or “the Company”)
Audited Annual Results for the year
ended 31 December 2015
Queros Capital Partners Plc are delighted to report its audited
annual results for the twelve months ended 31 December 2015.
Chairman’s statement
We are pleased to announce our first year financial report to
our stakeholders for the period ended 31
December 2015.
Key Highlights and Developments during year
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.
To achieve the objectives of the company, it has listed an
Unsecured Bond on the ISDX exchange market for the term of 10 years
until the year 2025 at an 8% coupon.
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.
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.
Financial Results
For the financial year ended 31st
December 2015, the Net assets of the company are £54,663 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 bondholders’ interest in the near future.
The Risk relating to the bond issues has been disclosed in the
admission document of the company with 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 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
30 June 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 (REGISTERED NUMBER:
09294394)
INCOME STATEMENT
FOR THE PERIOD 4 NOVEMBER 2014 TO
31 DECEMBER 2015
|
Notes |
£ |
TURNOVER |
2 |
64,212 |
|
|
|
Administrative
expenses |
|
58,508 |
|
|
|
OPERATING PROFIT
and PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
4 |
5,704 |
Tax on profit on
ordinary activities |
6 |
1,141 |
PROFIT FOR THE
FINANCIAL PERIOD |
|
4,563 |
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER:
09294394)
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD 4 NOVEMBER 2014 TO
31 DECEMBER 2015
|
Notes |
£ |
|
|
|
PROFIT FOR THE
PERIOD |
|
4,563 |
|
|
|
OTHER COMPREHENSIVE
INCOME |
|
- |
|
|
|
TOTAL COMPREHENSIVE
INCOME FOR THE PERIOD |
|
4,563 |
|
|
|
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER:
09294394)
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2015
|
Notes |
|
CURRENT
ASSETS |
|
|
Debtors |
7 |
668,037 |
Cash at bank |
8 |
7,920 |
|
|
675,957 |
|
|
|
CREDITORS |
|
|
Amounts falling due
within one year |
9 |
39,294 |
|
|
|
NET CURRENT
ASSETS |
|
636,663 |
|
|
|
TOTAL ASSETS LESS
CURRENT LIABILITIES |
|
636,663 |
|
|
|
CREDITORS |
|
|
Amounts falling due
after more than one year |
10 |
582,000 |
|
|
|
NET ASSETS |
|
54,663 |
|
|
|
CAPITAL AND
RESERVES |
|
|
Called up share
capital |
11 |
50,100 |
Retained earnings |
12 |
4,563 |
|
|
|
SHAREHOLDERS'
FUNDS |
|
54,663 |
The financial statements were approved by the Board of Directors on
29 June 2016 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 2015
|
Called up |
|
|
|
share |
Retained |
Total |
|
capital |
earnings |
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 |
|
|
|
|
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER:
09294394)
STATEMENT OF CASH FLOWS
FOR THE PERIOD 4 NOVEMBER 2014 TO
31 DECEMBER 2015
|
Notes |
£ |
Cash flows from
operating activities |
|
|
Cash generated from
operations |
1 |
(42,180) |
|
|
|
Net cash from
operating activities |
|
(42,180) |
|
|
|
Cash flows from
financing activities |
|
|
Share issue |
|
50,100 |
|
|
|
Net cash from
financing activities |
|
50,100 |
|
|
|
|
|
|
|
|
|
Increase in cash
and cash equivalents |
|
7,920 |
Cash and cash
equivalents at beginning of period |
2 |
- |
|
|
|
|
|
|
Cash and cash
equivalents at end of period |
2 |
7,920 |