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DJ Queros Capital Partners Plc Unaudited Interim Results six months ended 30 June 2016

 
TIDMBFD 
 
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 
GBP59,137 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                                      GBP            GBP 
 
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                                             -      (1,141) 
activities3 
 
                                                                _______      _______ 
 
Profit for the period      9                                      9,050        4,563 
 
Retained profit brought                                           4,563            - 
forward 
 
                                                                _______      _______ 
 
Retained profit carried                                          13,613        4,563 
forward 
 
                                                                _______      _______ 
 
QUEROS CAPITAL PARTNERS PLC 
 
BALANCE SHEET 
 
AS AT 30 JUNE 2016 
 
                                              30/06/16               31/12/15 
 
                              Notes        GBP          GBP            GBP           GBP 
 
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 
 
                                                                        GBP         GBP 
 
          Current tax 
 
          UK corporation tax                                            -     1,141 
 
                                                                  _______   _______ 
 
4.       Investments 
 
                                                                              Total 
 
                                                                        GBP         GBP 
 
          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/  31/12/ 
                                                                          16      15 
                                                                           GBP       GBP 
 
      Trade debtors                                                        -  40,712 
 
      Other Debtors                                                  110,381  93,072 
 
      Prepayments and accrued income                                       -   2,253 
 
                                                                     _______ _______ 
 
                                                                     110,381 136,037 
 

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DJ Queros Capital Partners Plc Unaudited Interim -2-

                                                                     _______ _______ 
 
6.       Creditors: amounts falling due            within one year 
 
                                                                  30/06/16   31/12/15 
                                                                         GBP          GBP 
 
      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 
                                                                        GBP          GBP 
 
Bond money received                                            1,390,000  582,000 
 
                                                               _______    _______ 
 
8.                Share capital 
 
 
 
                                                                   30/06/16   31/12/15 
                                                                          GBP          GBP 
 
      Authorised 
 
      50,100 Ordinary shares of GBP1 each                              50,100     50,100 
 
                                                                    _______    _______ 
 
      Allotted, called up and fully paid 
 
      50,100 Ordinary shares of GBP1 each                              50,100     50,100 
 
                                                                    _______    _______ 
 
      Equity Shares 
 
      50,100 Ordinary shares of GBP1 each                              50,100     50,100 
 
                                                                    _______    _______ 
 
9.       Reserves 
 
                                                                    Profit      Total 
                                                                  and loss          GBP 
                                                                   account 
                                                                         GBP 
 
      At 1 January 2016                                              4,563      4,563 
 
      Profit for the period                                          9,050      4,474 
 
                                                                   _______    _______ 
 
      At 30 June 2016                                               13,613      9,037 
 
                                                                   _______    _______ 
 
 
 
END 
 

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