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 |