Source - PRN

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
_______ _______